Plant Derived and Synthetic Sugar: Market Introduction

Sugar is a product used for sweetening. It is derived from sugar crops, cereals, fruits, milk, and seaweeds. Sugar can be extracted from plant sources or synthesized in laboratories. Sugar, which is extracted directly from a plant source and is available for commercialization without any value addition is defined as plant derived sugar. In our study, we have included 8 plant derived and synthetic sugar types excluding sucrose, which has major market share in the global sugar market.

We have included glucose, fructose, arabinose, xylose, fucose, galactose, mannose, and rhamnose in the overall plant derived and synthetic sugar market. Out of all plant derived and synthetic sugar products, sucrose, glucose, and fructose are being extensively used in the food industry, but increasing health consciousness among people has significantly escalated the demand for mannose, rhamnose, and xylose due to their health benefits.

Plant derived and synthetic sugars are the most common and one of the important ingredients in the global food and beverage industry as they change the taste and enhance the palatability of end products. The demand for few sugars such as glucose and fructose, has significantly increased over the years owing to their instant energy enrichment to the body.

plant derived and synthetic sugar market

Plant Derived and Synthetic Sugar: Market Outlook

Lucrative growth of the global food and beverage industry over the years has had a remarkable impact on the growth of the plant derived and synthetic sugar industry. Increasing health consciousness has significantly fuelled the demand for natural food ingredients, hence, there has been a subtle boom in the growth of plant derived sugar over the last few years. Naturally-derived sweeteners are preferred over synthetic sweeteners since they don't have any adverse impact on health. On the other hand, sugar types, which are produced indirectly from a different source are called synthetic sugars. The increasing demand for healthy food ingredients in the food and beverage industry has led to a decrease in consumption of plant derived and synthetic sugar. The main factor expected to hamper the plant derived and synthetic sugar market is synthetic sugar. There is a subsequent decrease in the consumption of food and beverages containing more plant derived and synthetic sugar. It is due to their adverse health consequences such as diabetes and obesity. Even though there is reduction in plant derived and synthetic sugar consumption at present, there is still great market demand for plant derived and synthetic sugar as it is an irreplaceable food ingredient.

Rising Population and Per Capita Food Consumption to Result in the Growth of the Plant Derived and Synthetic Sugar Market

As per the report published by the UN Department of Economic and Social Affairs (population division), world population reached nearly 7.6 billion in mid-2017. It is expected to reach 8.6 billion by 2030, and increase further to 9.8 billion by 2050. It has been observed that more than the actual increase in number, the per capita consumption of people will increase substantially. This factor is expected to create growth opportunities for the plant derived and synthetic sugar market.

Lifestyle and Demographic Changes to Induce Drinking Habits and Provide Impetus to Plant Derived and Synthetic Sugar Market Growth

Modernization and urbanization in emerging economy countries have bolstered the food and beverage industry. There is a remarkable change in the eating and drinking habits of consumers. Changing lifestyles have induced drinking habits among millennials. Improvements in economic conditions of various countries have led to increased disposable incomes and a higher standard of living, which has contributed to the rising trend of premiumization and consumption of convenient and ready-to-eat food and beverages, which has significantly increased the consumption of plant derived and synthetic sugar. With the increasing number of working women, the consumption of ready-to-eat food products has significantly increased over the last decade. The increasing demand for these products has escalated the sugar consumption and this, in turn, will increase the demand for plant derived and synthetic sugar products in the upcoming years.

Increasing Applications of Plant Derived and Synthetic Sugar in Biofuel Production

Plant derived and synthetic sugar has immense potential to be used as a biofuel, but challenges with extraction and constant decline in global crude oil prices have meant that widespread commercialization has been beset with challenges. Organizations involved in mass production of plant derived and synthetic sugar biofuel continue to face bottlenecks with scaling up, and a number of them have forayed into more pragmatic productions such as feed, pharmaceuticals, and industrial chemicals. During the early years of plant derived and synthetic sugar biofuel production, it was projected that technological innovations will mitigate some of the challenges; however, in spite of many advances, the cost of production has not gone down substantially to make plant derived and synthetic sugar an alternative for fossil fuel-based oils.

The proposed market report of TMR on the global plant derived and synthetic sugar market evaluates the opportunities in the current market, and provides updates and insights corresponding to different segments involved in the global plant derived and synthetic sugar market over the forecast period 2019-2029. The global plant derived and synthetic sugar market report further exhibits the estimated data for 2019, and forecast data up to 2029 in terms of value (US$ Mn) and volume (MT).

The present study exhibits the trends and market dynamics of the plant derived and synthetic sugar market in seven major regions - North America, Latin America, Europe, Asia Pacific, Japan, Oceania, and Middle East and Africa. The report also includes the study of the current issues with consumers and various future opportunities for the plant derived and synthetic sugar market.

Plant Derived and Synthetic Sugar Market: Report Description

The report explores the global plant derived and synthetic sugar market for the period 2019–2029. The primary objective of the report is to provide insights into key developments in the market that are consistently supporting the transformation of global businesses associated with plant derived and synthetic sugar. It is very important to consider that in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the Compound Annual Growth Rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global plant derived and synthetic sugar market, and to discover equitable opportunities.

Yet another key feature of this report is that the estimation of the global plant derived and synthetic sugar market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global plant derived and synthetic sugar market.

The report starts with an elaborate executive summary, the market definition of various segmentations that are included, and their respective shares in the global plant derived and synthetic sugar market. The report further incorporates the major macroeconomic factors that have an effect on the growth of the plant derived and synthetic sugar market. The report also highlights the various market dynamics, which include the drivers, restraints, opportunities, and trends in the global plant derived and synthetic sugar market. The report further underlines the study of the present issues with industrial processing and opportunities for the growth of plant derived and synthetic sugar market. It also encompasses value chain analysis that provides a structural view of overall profitability from the manufacturers to the end users of the plant derived and synthetic sugar market. In order to provide users with a clear view of the global plant derived and synthetic sugar market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of plant derived and synthetic sugar powder manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global plant derived and synthetic sugar market attractiveness analysis by sugar type, form type, end use, source, and region.

To evaluate the overall market size of the plant derived and synthetic sugar market, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market shares by nature, form, end use, distribution channel, region, and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast presented in the plant derived and synthetic sugar market report arrives at the total revenue being generated, and the expected revenue contribution in the future by the global plant derived and synthetic sugar market.

Detailed profiles of companies that manufacture plant derived and synthetic sugar are included in the report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global plant derived and synthetic sugar market. Major market players covered in the plant derived and synthetic sugar market report are A & Z Food Additives Co. Ltd, Naturex Nutrition & Health, ADM Corn Processing, Biovittoria Limited, VWR International, LLC Carbone Scientific Co., Ltd, Atlantic Chemicals Trading GMBH, Cargill Incorporated, Celanese Corporation, CJ CheilJedang Corp, HighChem Co.,Ltd, Jinan Juhe Industrial Co Ltd, Cumberland Packing Corp, Danisco A/S, Domestic Food Products, Dsb Chem Sdn Bhd, Dulcette Technologies LLC, DuPont Nutrition & Health, Futaste Co., Ltd., Hermes Sweeteners Ltd., Ingredion Food and Beverage Sweeteners, Impala Imperial Sugar Company, JK Sucralose Inc., and others.

Plant Derived and Synthetic Sugar Market: Segmentation

The subsequent sections analyze the global plant derived and synthetic sugar market on the basis of sugar type, form type, end use, source and region, and presents a forecast for the period 2019–2029. The market is segmented as follows:

Plant Derived and Synthetic Sugar Market by Sugar Type

  • Glucose
    • Plant Derived
    • Synthetic
  • Fructose
    • Plant Derived
    • Synthetic
  • Arabinose
    • Plant Derived
    • Synthetic
  • Xylose
    • Plant Derived
    • Synthetic
  • Fucose
    • Synthetic
    • Plant Derived
  • Galactose
    • Plant Derived
    • Synthetic
  • Mannose
    • Plant Derived
    • Synthetic
  • Rhamnose
    • Plant Derived
    • Synthetic

Plant Derived and Synthetic Sugar Market by Form

  • Powder
  • Liquid
  • Crystals

Plant Derived and Synthetic Sugar Market by End User

  • Food
    • Bakery Goods
    • Sweet Spreads
    • Confectionery
    • Dairy Products
    • Canned Food
  • Beverages
    • Carbonated Drinks
    • Fruit Drinks & Juices
    • Powdered Drink and Mixes
    • Alcoholic Beverages
  • Pharmaceuticals
  • Personal Care
  • Biofuel Industry
  • Animal Feed Industry

Plant Derived and Synthetic Sugar Market by Source

  • Plant Derived Sugar
  • Synthetic Sugar

Plant Derived and Synthetic Sugar Market by Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Peru
    • Argentina
    • Rest of LATAM
  • Europe
    • EU4
    • U.K.
    • BENELUX
    • Nordic
    • Russia
    • Poland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • South Korea
    • Rest of APEJ
  • Oceania
    • Australia and New Zealand
  • Japan
  • Middle East & Africa
    • GCC Countries
    • Turkey
    • Iran
    • South Africa
    • Israel
    • Rest of MEA
.