Global refined beet market is projected to bring in more than US$ 14 Bn in revenues by the end of 2022

CITY, Country, 2018-Feb-08 — /EPR Network/ — Basic nutrition content of refined beet makes them a sought-after vegetable in the global food & beverage sector. Using refined beet for production of drinks and food items is gaining traction, considering the significance of refined beet in lowering blood sugar levels and cholesterol. This report, published by Fact.MR, provides in-depth analysis of the global refined beet market for the forecast period 2017-2022, and offers key insights about future market direction.

The scope of Fact.MR’s report is to analyze the global refined beet market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Refined beet manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to refined beet.

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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.

5.      During the forecast period, the retail end-use of refined beet sugars is expected to gain traction. In 2017 and beyond, more than one-fourth share of global revenues procured in the global market will arise from the use of refined beet in retailers segment. The demand for refined beet sugars in industrial uses will also gain traction.

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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.

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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About Fact.MR
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