Organic Sugar Market Research: Industry Trends, Analysis, Types, Growth, Opportunity and Forecast 2023-2032.
The primary drivers for organic sugar
market growth include rising demand for organic products, as well as government
initiatives to promote organic products. Consumer awareness is growing
regarding the adverse health effects of chemicals. This growing awareness has
made them health conscious, which is why they prefer products with minimal or
no chemical substances. Increasing health awareness and consumer inclination to
healthy and nutritional food products drive demand for organic food. Consumers
are also concerned about the environmental and health impacts of chemicals,
which lead to a shift to organically grown and processed products.
Organic Sugar Market Overview is
registering a CAGR 14.89% during the Projected Period, 2023-2032, Global
Organic Sugar Market Report categorizes the Global Market by Type, by End-Use
and Region
Consumers are willing to pay much higher
prices for healthy food products, propelling the food industry to adopt organic
sugar. During the growing stage, sugarcane crops are increasingly sprayed with
harmful pesticides and chemicals to protect crops from diverse pests and weeds.
These pesticides can cause serious consumer health problems. But organic
sugarcane farming eliminates the risk of harmful pesticides being used. Another
crucial factor that spikes demand for organic sugar is therefore the lack of
pesticides. This shift in consumption patterns has influenced food producers to
adopt ingredients that are both natural and organic. The number of organic food
processors has increased meaningfully. In addition, the vast global
confectionery market is driving the growth of the organic sugar market, as
sugar is a key ingredient in pastry products.
However, the high price of organic sugar is
expected to hamper the growth of the organic sugar industry globally, along
with stringent regulations for organic products. However, the increasing
adoption of organic farming practises in emerging economies and increased
demand for organic brown sugar promise lucrative opportunities on the global
organic sugar market.
Segmental Analysis
Global Organic Sugar Market has been
segmented on the basis of the Source, Application, and Region.
By source, the global organic sugar market
has been divided into sugarcane, sugar beet, and others. The sugarcane segment
accounted for the highest market share of 80.29% in 2019 and is expected to
dominate the market over the review period.
Based on application, the global
organic sugar market has been classified into bakery & confectionery,
beverages, dairy & frozen desserts, sweet & savory snacks, and others.
Bakery & confectionery finds massive application in the global organic
sugar market.
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Regional Analysis
Geographically, the worldwide demand for
organic sugar has been listed as North America, Europe , Asia-Pacific and the
rest of the world.
Europe led the industry according to the
MRFR report, accounting for the majority share in 2019. The organic sugar
market in North America accounted for second-largest market share in 2018.
Asia-Pacific is expected to post the
highest CAGR over the projected era. Changing consumer purchasing habits, increasing
consumer worries about health, the climate and animal welfare, along with their
ability to pay higher prices for nutritious food, are fueling demand in the
Asia-Pacific market for organic food and beverages.
Latin America will continue to hold the
highest market share of the Global Organic Sugar Industry, which is estimated
to see the fastest growth rate over the forecast period. Moreover, increasing the
popularity of organic sugar due to their impending applications in food
industries, along with pharmaceutical industries, is supporting their market
growth on the global level. Rising health awareness and amassed disposable
income have been playing a vital role in organic sugar growth from the past few
years.
Competitive Dashboard
The eminent Players in the Global Organic
Sugar Market Research include Pronatec AG (Switzerland), Tereos S.A.
(France), Jalles Machado S / A (Brazil), Cosan Ltd. (Brazil), Bunge Limited
(US), Nordzucker AG (Germany), Südzucker AG (Germany), Lexem India Pvt. Ltd.
(India), LOC Industries, Inc. (US), and Azucarera La Felsina S.A. (Paraguay).
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NOTE: Our Team of Researchers are Studying Covid19 and its
Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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