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Refined Beet Market Insights Focusing on Primary Trends until 2022
By registering a steady CAGR, the global refined beet market is projected to bring in more than US$ 14 Bn in revenues by the end of 2022.
In the time to come, procuring refined sugars from beetroot will become more feasible, compared to conventional methods. Beet cultivation is becoming simpler in developed regions, while developing markets are able to facilitate a steady supply of refined beet. Sugar factories are being established close to the vicinity of beet plantations, bridging the wide gap between farmers and manufacturers. Refined beet sugars are not only of high quality, but are also rich in saccharine, which makes them valuable for production of artificial sweeteners. Weather is dramatically changing across several parts of the world, and cultivation of beet can still be achieved without assistance of advanced farming practices. The global market for refined beet will witness a steady future, particularly due to increasing demand for refined sugars across all key verticals in the food & beverage sector.
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Refined beet is a collective term which defines the manufacturing refined sugar and molasses from the root of sugar beets. Refined beet sugars are key raw materials used in production of a wide variety of sugar products and sweeteners. Organic chemical manufacturing and food production are among the top applications of refined beet sugars.
According to Fact.MR, the global refined beet market will register a steady CAGR during the forecast period, 2017-2022, and will be valued at nearly US$ 14.2 Bn by the end of 2022.
Liquid Sugars – Top-selling Product in Refined Beet Market
Procurement of refined sugars in the form of liquid is simpler, compared to other refinement forms of beet sugars. Concurrently, the demand for liquid sugar in the global refined beet market is considerably high. Between 2017 and 2022, liquid sugar products sold in the global market for refined beet will create an incremental opportunity of more than US$ 800 Mn. Powdered sugar, on the other hand, will be observed as the second-most prominent product segment in the global refined beet market, revenues from which will showcase a steady CAGR through 2022.
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Over Two-Fifth of Refined Beet Sugars used in Food Processing
Considering the volumes of refined beet sugars used by multiple industries, food & beverage industry will continue to dominate the global market. In 2017, a little over 40% of global refined beet market will be consumed in food processing applications. The report also projects that during the forecast period, retail sales of refined beet sugar products will also witness a considerable traction, procuring more than one-fourth share on global market revenues.
Key manufacturers of refined beet sugars, profiled in this report, include Louis Dreyfus Company, American Crystal Sugar Company, Nordzucker Gmbh & Co KG, Associated British Foods Plc., Tereos international limited, Cosan SA Industria and Commercio, Suedzucker AG, Wilmar International Limited, and Shree Renuka Sugars Limited.
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