Sugar is a sweet, crystalline food supplement mainly extracted from sugar beet and sugar cane. It is a food additive which is used in all kind of drinks and foodstuffs. During 2014-2018, the global sugar market grew at a CAGR of around 2%. The market is currently being driven by rising standards of living and increasing purchasing power in the emerging economies which usually leads to higher consumption of processed foods such as dairy, soft drinks, etc., which have high sugar content. This report by Expert Market Research entitled “Sugar Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the sugar market.
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Historical market trends for the sugar industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global sugar market into the following regions – North America, South America, Asia-Pacific and Europe. South America currently represents the largest producer and Asia-Pacific the largest consumer of sugar. On the basis of product type, the global sugar market has been bifurcated into sugar derived from sugar cane and sugar beet. For each of the sugar types, the report has provided both historical and future market trends. Additionally, the report has analysed the global sugar market on the basis of end-use. Industrial usage (beverages, bakery and confectionary products) represents the biggest end-use market of sugar.
The value chain analysis of sugar has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the sugar industry has also been provided. Some of the key players in this market include Sudzucker AG, Teros, Cosan, Mitr Phol Sugar Corporation and Associated British Foods.
This report provides an exhaustive insight for setting-up and running a sugar manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global sugar market?
- Which are the biggest markets (regions) for sugar?
- What are the major types of sugar? Which are the most popular?
- What are the key application areas for sugar?
- Who are the key manufacturers in the sugar market?
- What are the land and construction requirements to start a sugar manufacturing plant?
- What are the machinery requirements to start a sugar manufacturing plant?
- How is sugar priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a sugar manufacturing plant?
- What are the running costs of a sugar manufacturing plant?
- How much revenue can a sugar manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the sugar industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry-specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.