A number of functional properties of sugar along with its wide applications in the food and beverage industry are currently stimulating the growth of the global sugar market. At present, Brazil represents the biggest producer of sugar accounting for around one-fifth of the total global production.
A new report released by IMARC Group titled “Sugar Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” finds that the global sugar market reached a volume of 176 Million Tons in 2015, growing at a CAGR of around 1% during 2008-2015. With its properties of providing a smooth texture to various food items, adding warm colour to bakery products and enhancing aromas, sugar has long been viewed as an important source of food energy. Although sugar faces competition due to the presence of many substitutes, it continues to represent a dominant portion of the everyday diet for the majority of the global population. Apart from being a sweetener, sugar’s efficacy in lowering freezing points and preserving many food products make it an integral part of the food and beverage industry. Furthermore, sugar also finds its applications in the pharmaceutical industry as it is used in cough syrups for its solubility effects and serves as an active ingredient in tablets. Several factors such as increasing population, rising disposable incomes and thriving food and beverage industry continue to thrust forward the growth of the global sugar market.
The report has segmented the market on the basis of major regions. Brazil currently dominates the global sugar market accounting for around 20% of the total global production. Brazil is followed by India, European Union, China and Thailand. The report has also analysed some of the key exporting and importing countries in the global sugar market. Accounting for nearly half of the total sugar exports, Brazil currently represents the world’s biggest sugar exporter. Brazil is followed by Thailand, Australia, Mexico, Guatemala and India. Among the top importing countries, China is currently the world’s largest sugar importer accounting for around 8% of the total global sugar imports. China is followed by Indonesia, European Union, the United States and the United Arab Emirates.
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This report provides a comprehensive analysis for setting up a sugar manufacturing plant. The study covers all the requisite aspects of the sugar industry and provides an in-depth analysis of the global sugar market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists and all those who are planning to foray into the sugar industry in any manner.
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