Global Sugar Beet Juice Extract Market: Overview

A sugar beet refers to a plant that comes with high sucrose content. It is cultivated for the purpose of commercial production of sugar. Conical in shape, white in color and with a fleshy root, sugar beet plant is grown in the temperate zone. Sugar is made through the process of photosynthesis and finds storage in the root of the leaves. Rising demand for sugar is likely to drive the growth of the global sugar beet juice extract market over the forecast period, from 2019 to 2027.

Application, distribution channel, and region are the three parameters for the segmentation of the global sugar beet juice extract market.

Global Sugar Beet Juice Extract Market: Notable Developments

One of the developments that offer a glimpse of the ongoing dynamics of the global sugar beet juice extract market is as mentioned below:

  • In 2018, BMA Braunschweigische Maschinenbauanstalt AG and Salzgitter Maschinenbau AG have merged into one single entity. The purpose of this merger is to come up with a new entity that would create a more stable and diverse portfolio of product offerings. It is expected that with this merger, the newly formed company will be able to expand its business activities across various sectors utilizing local production facilities.

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Some well-known organizations in the global sugar beet juice extract market comprise the below-mentioned:

  • Agrana Zucker GmbH
  • Nippon Beet Sugar Manufacturing Co.
  • BMA Braunschweigische Maschinenbauanstalt AG
  • Crop Energies AG
  • Southern Minnesota Beet Sugar Cooperative
  • NutriScience Innovation LLC

Global Sugar Beet Juice Extract Market: Key Trends

The following drivers, opportunities, and restraints characterize the global sugar beet juice extract market over the review period, from 2019 to 2027.

Increased Demand for Alternative of Sugar to Boost Sugar Beet Juice Extract Market Growth

The global sugar beet juice extract market is forecasted to be driven by the growing demand for substitute for sugar. Unstable climatic conditions affected the quality and quantity of sugar production. Furthermore, as more advanced technology makes foray, development of engineered sugar beets with lesser use of fertilizers and pesticides have been developed. Sugar thus produced is a better substitute than artificial sweeteners. In addition to sugar production, the extract also finds use in the production of biofuels. Such diverse utilities of the product is likely to trigger growth of the global sugar beet juice extract market over the tenure of assessment, from 2019 to2027.

Approval from the relevant authorities has facilitated the use of sugar beet juice extract as a favor enhancer. Food producers are focusing on the utilization of healthy and natural products for the purpose of adding flavor and sweetness to food items. This extract fins copious use in bakery products, confectioneries, cereals, and ice creams.

Sugar beet juice extract is rich in energy and nutrient content and this is likely to accentuate its use in the food processing industry. In addition, this extract finds increased use in other industries like cosmetics and pharmaceuticals. It is also utilized as a deicer in road maintenance and repairs due to its non-sticky and anti-icing properties.

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Global Sugar Beet Juice Extract Market: Geographical Analysis

To offer comprehensive view of the global sugar beet juice extract market, TMR experts have split the market on the basis of regions. Latin America, Europe, the Middle East and Africa, North America, and Asia Pacific constitute the major geographies of the market.

From the geographical viewpoint, a large chunk of the global sugar beet juice extract market is likely to be occupied by Europe. Such regional dominance is owing to high intake of alcoholic beverages and presence of a large number of market players in the region. Canada is also estimated to account for a considerable share of the sugar beet juice extract market due to huge production of sugar in the country.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

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