A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Global Market Study on Fortified Sugars: Drying to Represent Predominant Sugar Fortification Technology during 2017 – 2026”which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that Fortified Sugars Market would rise at a positive CAGR during the period 2017-2026.
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Food technology has advanced in leaps and bounds, propelling the fortification of key food constituents such as sugars with essential nutrients like minerals and vitamins. Since its inception in the mid-1970s, fortification of sugars has gained grounds across the global food industry. Effective production techniques are being employed by companies to increase profit margins associated with fortification of sugars. Governments are enacting legislations and promoting the market exposure of such sugars by implementing sugar-fortification programs among food industry leaders. In addition, the growing undernourishment of populations is further compelling regional governments to magnify the fortification of sugars with vitamins, minerals and other micronutrients.
Persistence Market Research’s latest forecast report on the global fortified sugars market assesses that more than US$ 9.6 Bn worth of fortified sugars will be sold globally by the end of forecast period, 2017-2026. During this period, the global fortified sugars market is forecasted to expand at a steady CAGR of 5.1%. Companies partaking in the expansion of global fortified sugar market are focusing on adopting cost-effective fortification procedures and capitalizing on growing popularity of wellness trends among consumers.
High Demand for Vitamins in Sugar Fortifications to Drive Market Growth
Increasing deficiency of vitamin A registered across the globe has spurred the demand for sugars fortified with essential vitamins. Governments are encouraging their populations to extend the consumption of sugars fortified with vitamins to battle the rising malnourishment levels at microscopic levels. In 2017, more than US$ 2.7 Bn worth of sugars fortified with vitamins are estimated to be sold globally. The demand for vitamin as a key fortifying micronutrient is expected to witness steady traction, while minerals will register a high value CAGR in the global fortified sugar market during the forecast period. Through 2026, fortified sugars will be predominantly produced with drying technology. The report estimates that by the end of the forecast period, drying will emerge as a sought-after fortification technology, procuring a global market value share of approximately 48%.
Modern Trade Sales of Fortified Sugars to Bring in US$ 2.9 Bn in Global Revenues by 2026-end
In 2017, nearly one-third of fortified sugar sales registered in the global market were accounted by modern trade outlets. The report projects that modern trade outlets will represent the largest sales channel for fortified sugars. However, through 2026, the sales of fortified sugars through online stores, convenience stores and departmental stores will register fastest traction, reflecting a value CAGRs of more than 6% correspondingly. Likewise, the report further projects that the commercial end-use of fortified sugars will bring in more than US$ 5.2 Bn by 2026-end.
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Leading producers of fortified sugars have been profiled in the report, which include General Mills, Inc., Bühler AG, Bunge Limited, Cargill Incorporated, BASF SE, DSM, Wilmar International Ltd., Tereos, Sudzucker AG, Associated British Foods, Cosan, Nordzucker AG, and Mitr Phol Sugar Corporation. Ltd. Majority of these players are pegged to expand their production facilities in the Asia-Pacific excluding Japan (APEJ) region. APEJ countries such as China and India are prominently observed as lucrative marketplaces for fortification of sugars. Easy procurement of raw materials, vast consumer base and favorable industrial regulations will continue to draw these players towards the APEJ fortified sugar market in the foreseeable future.
Key Advantages of Report
In order to cater to the concerns of global market players, the report has been developed by procuring information derived from constant dialogues conducted between analysts and leading producers. This report explores every major business function associated with production and consumption of fortified sugars.
- an unparalleled industry knowledge that broadens market understanding
- global perspective gleaned from key market players
- insights that lay foundation for pragmatic and unbiased actions
The report further delivers objective assessment of buyer-seller landscape in the global fortified sugar market. By representing the researched data and analysis in the form of a systematic data collection document, this study holds the power to deliver credible information of target consumers, competitive environment, strategy-oriented undercurrents, and estimated market evaluations.
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