NEW YORK, September 27, 2023 /PRNewswire/ — The sugar beet market the size should increase by $20.67 billion from 2022 to 2027, according to Technavio. Furthermore, the growth momentum of the market will progress at a pace 5% CAGR during the forecast period. The increase in demand for sugar beet in food applications is particularly boosting the sugar beet market. However, factors such as fluctuations in weather conditions affecting sugar beet production may hamper the market growth. The market is segmented by distribution channel (offline and online), type (raw sugar, refined sugar, brown sugar and molasses), and geography (North America, EuropeAsia Pacific, South AmericaAnd Middle East And Africa). Technavio provides a comprehensive summary of the report describing the market size and forecast along with the research methodology. The FREE sample report is available in PDF format
Key Segment Analysis
THE offline segment will be significant during the forecast period. The offline segment includes supermarkets and hypermarkets, convenience stores and specialty stores. Since supermarkets and hypermarkets offer the convenience of having a wide assortment of products under one roof, they are the most popular and preferred distribution channels for sugar beet foods and beverages. Countries like the UK and the US have a growing number of convenience stores. Therefore, these factors determine the offline segment of the sugar beet market during the forecast period. To know additional highlights and key points on different market segments and their impact in the coming years, View a FREE PDF Sample Report.
Geographic market analysis
Europe will count for 35% of the global market during the forecast period. Buy now for more information.
The sugar beet market is fragmented and companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the competitive landscape of the market and offers insights into several companies in the market, including:
AGRANA BEteilgungs AG, Amalgamated Sugar, American Crystal Sugar Co., Associated British Foods Plc, BMA Braunschweigische Maschinenbauanstalt AG, CropEnergies AG, Michigan Sugar Co., Nippon Beet Sugar Manufacturing Co. Ltd., Nordzucker AG, NutriScience Innovations LLC, Pfeifer and Langen GmbH and Co. KG, Rana Group of Companies, Southern Minnesota Beet Sugar Cooperative, Sudzucker AG, Syngenta Crop Protection AG, TEREOS PARTICIPATIONS, Western Sugar Cooperative, Wyoming Sugar Co.
What is the impact of major trends on the market?
How big is the Europe walk?
How are the key drivers and challenges impacting the market?
THE organic sugar market size is expected to grow at a CAGR of 5.98% between 2022 and 2027. The market size is expected to increase by $1,062.16 million. This organic sugar market report covers market segmentation in detail by type (crystals and molasses), distribution channel (offline and online), and geography (North America, EuropeAsia Pacific, South AmericaAnd Middle East And Africa). The growing health consciousness is notably driving the market growth.
THE raw sugar market The market size is estimated to grow at a CAGR of 3.26% between 2022 and 2027. The market size is expected to increase by $206.36 million. This raw sugar market report covers market segmentation in detail by product (liquid sugar and granulated sugar), type (conventional and organic), and geography (APAC, South America, Europe, North AmericaAnd Middle East And Africa). Growing health consciousness among consumers is notably driving the growth of the market.
Historical Market Sizes
Five Forces Analysis
Market segmentation by distribution channel
Market segmentation by type
Market segmentation by geography
Drivers, challenges and trends
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