Growing prevalence of diabetes has led to an upsurge in healthy food products in the global food industry. Rich in healthy properties such as vitamin C, raw beetroot sugar is projected to witness substantial demand among the cosmetic manufacturers. A recently published report reveals that the global raw beetroot sugar market is projected to reflect a steady CAGR growth over the predicted period, 2017–2022.
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Factors Fuelling Global Market Growth
As an alternate source of sugar, manufacturers use raw beetroot sugar in the food sector. Growing prevalence of diabetes has led to an increasing demand for beetroot sugar among the diabetic food manufacturers globally. Raw beetroot sugar is further expected to represent substantial demand among animal food manufacturers attributed to various healthy qualities globally. Such factors are likely to contribute towards the global market growth of raw beetroot sugar during the projected period.
With high content of vitamin C, application of raw beetroot sugar is not limited to food industry. Raw beetroot sugar is projected to witness substantial demand in the cosmetic industry. Manufacturers in the cosmetic industry represent considerable demand for beetroot sugar in cosmetic products such as sugar scrubs. Moreover, raw beetroot sugar helps in reduction of blemishes and acne, due to which cosmetic manufacturers witness steady consumption for products such as body washes, bathing soaps and face masks. Surge in production of blushes and lip glosses is further projected to impact the global growth of raw beetroot sugar throughout 2023.
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Livestock to Register Significant Growth
Organic sugar and brown (dark) sugar is projected to reflect an equivalent CAGR in the global market of raw beetroot sugar during the projected period. APEJ among other regions is projected to represent a major market for the raw beetroot sugar products globally. Brown (dark) sugar is projected to witness a relatively high growth in terms of revenue in the global market of raw beetroot sugar through 2023.
This segment will represent more than US$ 1,000 Mn in the global market by 2023–end. Organic sugar product is projected to witness a significant growth in terms of revenue after brown (dark) sugar during the predicted period.
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Food processor is expected to witness a relatively high growth in terms of revenue in the global market of raw beetroot sugar by 2017–end. This segment will represent a value of US$ 700 Mn in the global market of raw beetroot sugar by the end of 2017. Livestock feed among other end users is projected to reflect a relatively high CAGR in the global market of raw beetroot sugar during the projected period. In 2017, retailers is projected to witness a significant growth in terms of revenue in the global market of raw beetroot sugar after the food processor segment.
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Market Players Operating in the Global Market
Key players in the global market of raw beetroot sugar are Wilmar International Limited, Shree Renuka Sugars Limited, Cosan SA Industria and Commercio, Suedzucker AG, Associated British Foods Plc., Tereos international limited, American Crystal Sugar Company, Louis Dreyfus, and Nordzucker Gmbh & Co KG.
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