Pune, India -- (SBWire) -- 11/07/2018 --Organic sugar is the form of sugar which are produced without using chemical pesticides or commercial fertilizer. However, chemically there is no difference between organic sugar and ordinary refined sugar. The global organic sugar market was valued at US$ 784.7 Mn in 2017 and is expected to reach US$ 1389.5 Mn by 2022. This is due to growing demand for chemical free food among customers, which in turn is propelling the market growth of organic farming. Thus, accelerating the market.
The increasing food innovation trends and healthy food alternatives among consumers is giving rise to crystal organic cane sugar as a substitute to crystal refined sugar in dairy product and beverages.
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Organic sugar Market, by Type
The type segment of this market is bifurcated into crystals and molasses. Crystal type of organic sugar is currently dominating the market. This is due to changing mind set and lifestyle of consumers, as nowadays people are becoming extremely health cautious. Thus, rising demand of consumers to consume healthy and natural products, is accelerating the market growth.
The major factor that is propelling the market growth is growing demand for chemical and fertilizer free food among consumers. Nowadays people are getting extremely health cautious and prefers to consume more natural and pure food. Organic sugar is gradually penetrating into the market and gaining preference owing to rising awareness of organic farming among consumers along with its advantages. However, high price as compared to conventional sugars is expected to hamper the organic sugar market growth.
Food & Beverage Application is Currently Having the Highest Market Share during 2018-2026
Food & beverage application is currently dominating the market owing to increasing adoption of organic sugar in the end products. Beverages consists of high level of sugar with harmful additives and that's the reason why younger generation prefer to avoid it. This is the reason why it is being preferred by the manufacturers. Organic cane sugars are the unrefined sugar eliminating the cancer-causing and environmentally damaging pesticides present in the conventionally grown sugarcane. Thus, becoming more trustworthy and easily acceptable by the customers.
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Latin America is Currently Having the Highest Market Share during 2018-2026
Latin America is currently dominating the market due to its high production capacity. Although Latin America lacks in expertise, the companies in Brazil are making various efforts to train their employees in terms of organic sugar cultivation as well as production. Thereby further accelerating the market growth as this training will ensure better production and rise in organic sugar export business. In April 2017, Jalles Machado S/A partnered with Instituto Tecnologico de Goias Governor Otavio Lage (ITEGO) to encourage professional training. The institute offers courses such as agriculture, chemistry, sugar & alcohol, labor safety, logistics and many more. This venture helped the company to train its employees in organic sugar field and increase its productivity.
Some of the significant players functioning in the fragmented global organic sugar market include Shree Renuka Sugars Limited, Florida Crystals Corporation, Südzucker AG, Now Health Group Inc., Nordzucker AG, Suminter India Organics, Samruddhi Organic Farm (india) Pvt. Ltd., Mehrotra Consumer Products Pvt. Ltd., Assukkar S.A., Pronatec AG, Domino Foods inc., Purcell Mountain Farms, Jalles Machado S/A among others.
In March 2015, Nordzucker AG entered into a partnership with August Topfer Zuckerhandels GmbH & Co. KG which is a global trading firm in the food / non-food sector and offers its customers everything from a single source such as import, storage, packaging and logistics. In conjunction with this, both the companies have agreed to grant Nordzucker AG a 25 percent share in August Topfer Zuckerhandels GmbH & Co. KG. August Töpfer Zuckerhandels GmbH & Col. KG is a subsidiary of the ATCO Group, in which the international sugar trading business as well as the trade and packaging of sugar specialties has been bundled under proven leadership. This partnership would enable Nordzucker AG to access the global market without the partners losing their independence amid commercial activities.
Global Organic Sugar Market is segmented as:
By Type:
Crystals
Molasses
By Application:
Food & Beverage
Cosmetics
Restaurants
Residential
Others
By Region
North America
U.S.
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Middle East & Africa
GCC Countries
Southern Africa
Rest of MEA
Latin America
Brazil
Rest of Latin America
Organic Sugar Market to Be Worth $1389.5 Million by 2022 According to New Research by Absolute Markets Insights
Organic Sugar Market by Type (Crystals and Molasses); by Application (Food & Beverage, Cosmetics, Restaurants, Residential and Others); by Regional outlook (U.S., Rest of North America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia, Rest of Asia Pacific, GCC Countries, Southern Africa, Rest of MEA, Brazil, Rest of Latin America) – Global Insights, Industry Trends, Price Trends, Growth, Size, Supply, Demand, Comparative Analysis, Competitive Market Share and Forecast, 2018-2026