Refined Beet Market: Industry Growth, Share, Size, Trends and Segmentation Report till 2022
In a recent business intelligence study, FactMR presents the nitty-gritty of the global refined beet market considering 2012-2016 as the historic year and 2017–2022 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting refined beet market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The refined beet market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Nordzucker Gmbh & Co KG, Associated British Foods Plc., Tereos international limited, Cosan SA Industria and Commercio, and many others.
The refined beet market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing refined beet?
- How does the global refined beet market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2022?
- What innovative products are being introduced by the players in the global refined beet market?
- Which regions are showing the fastest market growth?
High quality sugars procured from beetroots are continually transforming sugar industries across the globe. In the view of rising demand for refined sugars, owners of sugar factories are shifting their focus from sugarcanes to sugar beets in terms of sourcing refined sugar. In addition to this, artificial sweeteners are finding applications across various verticals in the food & beverage industry. These sweeteners can be feasibly manufactured from refined beet, which is turning into a key driver for growth of the global refined beet market.
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According to a recent report published by FactMR, the global market for refined beet will witness a steadfast expansion during the forecast period, 2017-2022. By registering a steady CAGR, the global refined beet market is projected to bring in more than US$ 14 Bn in revenues by the end of 2022. Following projections offer an outlook on future prospects of global refined beet market. Food processing is poised to remain the largest and most attractive end-use of refined beet sugars in the global market. By 2022, more than US$ 6 Bn worth of refined beet sugars will be consumed in food processing applications across the globe, particularly for their effective role in production of artificial sweeteners.
During the forecast period, the retail end-use of refined beet sugars is expected to gain traction. In 2017 and beyond, more than one-fourth share of global revenues procured in the global market will arise from the use of refined beet in retailers segment. The demand for refined beet sugars in industrial uses will also gain traction.
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The report has also profiled prominent players in the global market for refined beet sugars. Companies such as Nordzucker Gmbh & Co KG, Cosan SA Industria and Commercio, Tereos international limited, Suedzucker AG, Associated British Foods Plc., Louis Dreyfus Company, Shree Renuka Sugars Limited, Wilmar International Limited, and American Crystal Sugar Company are expected to remain active in the expansion of global refined beet market through 2022. A majority of these players are expected to focus on bridging the gap between farmers cultivating sugar beets, and owners of sugar refineries & factories.
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