Sugar beet plant, scientifically known as Beta vulgaris subsp, is a plant which commercially grown for the production of sugar. Sugar beet has a very high concentration of sugar which is stored in the root of the plant. The major sugar beet producer countries are Russia, France, U.S.A, Germany, and others. Sugar beet pulp is the byproduct of sugar beet, which is highly fibrous in nature and mostly used to feed livestock. Sugar beet pulp is either supplied in the form of pellets or in the form of dried flakes. Sugar beet pulp contain good amount of sugar and carbohydrates as it is the byproduct of sugar beet. In addition, sugar beet pulp also contain other minerals and vitamins, such as potassium, manganese, vitamin C and others. Sugar beet pulp is generally used for animal feed purposes, apart from that sugar beet pulp is also used in pharmaceuticals and nutraceuticals industries. Sugar beet pulp is found to be helpful in maintaining good muscle and nerve health and proper functioning of liver, pancreas, and kidneys. Sugar beet pulp also has vitamin B, folate and antioxidant property which maintains the proper health. Sugar beet pulp boosts the immunity and protects from various immunodeficiency diseases/disorders. Due to an increase in awareness about health and fitness the market demand for sugar beet pulp is anticipated to grow over the forecast period.
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Increasing Demand for Dietary Supplement is Anticipated to Boost the Sugar Beet Pulp Market.
These days, consumers are becoming more health conscious due to increasing awareness about health and fitness, fueling the growth of sugar beet market. As sugar beet pulp has very high nutritional value containing carbohydrates, vitamins and minerals which is also contributing in increasing demand for sugar beet pulp over the forecast period. Asia and Europe hold major share in global population, so the market demand for sugar beet pulp products are higher in these regions. The sugar beet pulp market is witnessing robust growth due to growing awareness about animal feed. Sugar beet pulp is beneficial for livestock because it prevents them from colic disease. Hence, the market demand for sugar beet pulp is anticipated to grow in animal feed industries.
Sugar Beet Pulp: Market Segmentation
Based on nature, the global sugar beet pulp market has been segmented as-
Based on industry, the global sugar beet pulp market can be segmented as-
- Animal feed
- Dietary Supplements
Based on the forms, the global sugar beet pulp market has been segmented as-
Based on the distribution channel, the global sugar beet pulp market has been segmented as –
- Store-based retailers
- Convenience Stores
- Specialty Stores
- Online Retailers
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Sugar beet pulp: Key Players
The global sugar beet pulp market is increasing because it is enriched with essential nutrients. People are becoming health conscious these days and due to increasing health and fitness-related issues, manufacturers are using beet pulp in their end products. The sugar beet pulp also reduces the chance of diabetes and other blood-related diseases. The global key manufacturers of sugar beet pulp are British Sugar Plc., Nippon Beet Sugar Manufacturing Co. Ltd., Michigan Sugar Company, Saladrana D.d, Delta Sugar company, Macjerry Sunfloweroil Co, Ltd., Amalgamated Sugar Company, and Minnesota Beet Sugar Cooperative. Except them, more industrialists and manufacturers are showing their keen interest in sugar beet pulp due to the increasing demand in dietary supplements and also in animal feed.
Opportunities for Market Participants:
The globally increasing demand for healthy food among the consumers is the key factor in escalating the demand for sugar beet pulp. Awareness about health and fitness among consumers is another important factor that leads to the sugar beet pulp market. Increasing awareness regarding animal welfare is making consumers focus more on improving the feed quality of livestock. Thus, consumers prefer more nutritional and healthy feed for their livestock. The market entrants or the players trying to expand their regional footprints must focus on the convenience affordability of raw materials to upscale their production facility. Hence, the market demand for sugar beet pulp is anticipated to witness an escalating demand in the animal feed industry over the forecast period.
- The demand for sugar beet pulp products is increasing globally because of the growing awareness about animal welfare. As sugar beet pulp has very less calorie content, its demand is also increasing in food and beverage industries. Due to the presence of vital minerals and nutrients, the market demand for sugar beet pulp is anticipated to grow in the forecast period in all end-use industries.
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