ID: MRFR/F-B & N/2899-CR | February 2021 | Region: Global | 100 pages
Organic Sugar Market, according to MRFR, is projected to register a CAGR of 16.30% and reach USD 2.57 Bn by 2027. As an alternative to regular sugar with high calories, organic sugar formulations are taking over the sugar market. There are many types of organically sourced sugars that one can find in the market. Organic sugars are more popular today because of a movement towards a healthier lifestyle in the population.
Organic sources of sugars have always been around. However, like all other organic products, the commercial production of organic sugars has picked up pace in recent times. Organic sugar is more nutritious than usual packaged sugar. Now that people are looking for the 100 percent natural tag and becoming more calories conscious, organic sugars are replacing usual bottles of sugar. From diabetic patients to gym enthusiasts, the number of people switching to organic sugars has been growing. People are not only looking at the food they are eating but what goes into it as an ingredient.
In this market research report, the major drivers, factors influencing the organic sugar market find a place. The report analyses the overall growth of the market to predict growth rate and popular trends of the future. The report also discusses regional segmentation and application segments of the global market. The market has been growing at a rate of 15.55 percent in the last few years. The growth rate will jump further for the forecast period mentioned in the report.
Covid 19 Impact
The COVID 19 pandemic did not leave any sector of the commercial market untouched. A lot of modern trends in the market arise from the after-effects of COVID 19. COVID 19 pandemic’s initial impact was the disruption of production and economic slowdown. Many sectors of the market suffered an unprecedented loss due to the slowdown. In the context of the organic sugar market, the impact of COVID 19 was also slowing down in the initial period. However, with later waves, as the market started to adapt, trends of growth became visible.
The initial movement was towards decline because of the loss of production and workforce. However, the pandemic has also pushed people towards a more health-conscious lifestyle. Therefore, with the help of the e-commerce sector, the organic sugar market was able to record growth even with consequent waves of a pandemic. The mentality to stay healthy and switch to a more organic lifestyle is here to stay.
Thus, even when the pandemic is over, the demand for organic sugar will remain high. Growth in the consumer mindset of people and a tendency to eat natural products will drive the growth of the organic sugar market post-pandemic. From small-scale, home-run businesses to large-scale supermarket chains, every venture is looking at organic sugar as an opportunity for revenue growth.
There are many key drivers of the organic sugar market in the forecast period. The biggest factors contributing to the advancement of the market are government policies supporting the production and sale of organic products. Governments are promoting the production of natural, organic products in small-scale industries. Apart from this, people’s inclination towards natural and 100 percent organic products is also inducing the growth of the organic sugar industry. For example, major nations around the world like India, Mexico, Uganda, Australia, and the USA are investing considerably well in organic farming. Organic farming and food production is a global trend.
There are many significant opportunities for the organic sugar market to secure growth. Growth in the number of producers engaged in organic farming and organic production is a significant opportunity for the market as a whole. The majority of farmers and large-scale producers too are opting for no pesticides and no chemicals in the growth of sugar crops. Apart from this, the affordability of high-end, healthier alternatives for citizens has also increased. People are now ready to spend more than they used to on food staples with higher nutritious value. Thus, it is a good opportunity for organic fortified sugar market growth.
Strict regulations around the sale of organic products, including organic sugars, is a restraint that the organic sugar market has to work under. These restraints are necessary for quality regulation of organic sugar. However, major producers of organic sugars are able to produce under them.
One of the biggest challenges remaining in the organic sugar market is the presence of high prices of organic sugars. Even though most people are able to afford higher-priced organic sugars, there are certain sections that still depend on low-priced commercial sugar as essentials. High prices of organic sugars make them only available to well-off people and rich families. This divide may fill up with an improvement in the financial conditions of the working class.
Cumulative Growth Analysis
The holistic expansion of the organic sugar market has promising prospects in the forecast period. According to this global market forecast, the growth rate of the global market size will reach a double-digit number of 16.30 percent. Thus, the global market will register a healthy CAGR in the forecast period.
The market has recovered from the immediate slowdown of the pandemic and will grow into a billion-dollar industry. The CAGR projected in is higher than the one registered in 2019, in the pre-pandemic phase. Thus, market players can be sure of organic sugar market growth in the coming years.
The organic sugar market divides into different segments based on various criteria. The two main criteria for global market segments are source and applications. By source, the global market segments are sugar cane and sugar beet. While the sugar cane sector has been a major contributor till now, the sugar beet sector will emerge as the main sector of the global market.
In the Organic Sugar Market Analysis, another major criterion of segmentation is application. According to the Organic Sugar Industry Outlook, the application sector is divided into segments of bakery and confectionery products. Another major sector with considerable global Market share is on-the-go food items. People these days prefer to eat on the go because of their busy lives. On the other hand, the sweet and savory segment will register the highest Global Market.
There are different regions that contribute to organic sugar market growth. In this section, global market analysis by region is mentioned. There are five main regional markets that contribute to organic sugar industry share. The regional markets are North America, Europe, Asia Pacific, Latin America, and the Rest of the World.
In the forecast period, the Asia Pacific region will register the highest CAGR. The European region will also show significant growth in organic sugar market size. By consumption, the USA will emerge as a major consumer of organic sugar as it switches to organic sugar for healthier populations. These developments will influence global market trends in the next few years.
There are many key players of the Organic Sugar Market that contribute to the Market Revenue. These major players of the Organic Sugar Industry are not only part of this Market Analysis but also influence major global Market Trends.
The major players of the Organic Sugar Market Landscape are:
These companies are major stakeholders in the annual Organic Sugar Market Revenue and growth rate. There are some recent developments of the Organic Sugar industry mentioned in the next section.
There are many developments that shape Organic Sugar Market trends from time to time. Some notable developments in the sector come under mergers and acquisitions. Many major players have also come up with new product lines to revamp Organic Sugar Industry Revenue channels. For example, Wana Brands, the production of an edible company, replaced high fructose syrup with tapioca syrup as an organic alternative. Although the syrup alternative was costly, it also helped in the expansion of the globalMarket Size.
Another significant development in global Market was the acquisition of Wholesome Sweeteners by Whole Earth brands.
The Organic Sugar Market Outlook is as follows-
The market research report on Organic Sugar Market gives a brief overview before delving into the factors of growth for the sector as a whole. It also discusses the impact of COVID 19 on the organic sugar production industry to predict future trends. Moreover, the report also discusses the regional and industrial segmentation of global Market share for a better understanding of future growth prospects. The report discusses the competitive ecosystem of the industry before putting recent developments of the market into view.
|Market Size||USD 24.52 Billion (2026)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Source Source, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Tereos S.A. (France), Südzucker AG (Germany), Pronatec AG (Switzerland), Jalles Machado S / A (Brazil), Cosan Ltd. (Brazil), Nordzucker AG (Germany), Bunge Limited (US), Lexem India Pvt. Ltd. (India), LOC Industries, Inc. (US), Azucarera La Felsina S.A. (Paraguay)|
|Key Market Opportunities||Growing Product Innovations to Create Growth Avenues for Market Players|
|Key Market Drivers||Growing Health Consciousness Among Consumers Drives Market Growth|
Frequently Asked Questions (FAQ) :
Organic sugar market is projected to grow at a 16.4% CAGR between 2019-2024.
Organic sugar market is predicted to touch USD 1.4 billion by 2024.
Europe is expected to dominate the organic sugar market.
Organic sugar is widely used in beverages, bakery and confectionery, dairy and frozen desserts, and others.
Rising adoption of healthy lifestyle is a key factor driving the organic sugar market.