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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 market for refined beet 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.
Competition Tracking
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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