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.
The Global Organic Sugar Market is Anticipated to Reach Us$ 1389.5 Mn Until 2022, due to Increasing Consumer Preference Towards Healthy and Natural Products
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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.
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.
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.
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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:
- By Application:
- Food & Beverage
- By Region
- North America
- Rest of North America
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Southern Africa
- Rest of MEA
- Latin America
- Rest of Latin America
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