Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of refined beet market. The study is titled as “Refined Beet Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global refined beet market.
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According to a recent report published by Fact.MR, the global market for refined beet will witness a steadfast expansion during the forecast period, 2017-2022. 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. Following projections offer an outlook on future prospects of global refined beet market.
Key Insights on Future of Global Refined Beet Market
1. Through 2022, the Asia-Pacific excluding Japan (APEJ) region will be the largest market for refined beet. Procuring highest share on global revenues, the APEJ refined beet market is poised to reflect a steady growth at 5.2% CAGR.
2. North America and Europe will also be at the forefront of global expansion of refined beet market. By the end of 2022, these two regions will collectively contribute nearly US$ 2.2 Bn in revenues to the global refined beet market.
3. By 2022-end, more than one-third of global refined beet market value will be contributed by global sales of liquid sugars. While liquid sugars will be observed as top-selling products in the global refined beet market, global sales of powdered sugar products will also incur considerable traction towards the latter half of the forecast period.
4. Food processing is poised to remain the largest and most attractive end-use of refined beet sugars in the global market. By 2022, more than US$ 6 Bn worth of refined beet sugars will be consumed in food processing applications across the globe, particularly for their effective role in production of artificial sweeteners.
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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.
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.
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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