Global Sugar Beet Juice Extract Market demand is anticipated to be valued at US$ 5.09 in 2022, forecast to grow at a CAGR of 5.6% to be valued at US$ 8.8 Billion from 2022 to 2032. Growth is attributed to the rising prevalence of lifestyle diseases such as obesity, diabetes, high blood pressure, and other cardiovascular diseases.
Report Attribute | Details |
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Estimated Base Year Value (2021) | US$ 4.82 Billion |
Expected Market Value (2022) | US$ 5.09 Billion |
Anticipated Forecast Value (2032) | US$ 8.8 Billion |
Projected Growth Rate (2022 to 2032) | 5.6% CAGR |
Traditionally, Sugar beet (Beta vulgaris L.), a plant root belonging to the amaranth family, is cultivated in temperate regions and is rich in the concentration of sucrose. Sugar beet is cultivated in many countries such as the USA, Russia, African countries, South America, and the Middle East, mainly for the sugar beet juice extract.
The juice extracted from the sugar beet plant is used as a natural sweetener in many food & beverage products. Sugar beet juice extract is extracted from diced sugar beets by the solid-liquid extraction method using water. Sugar beet juice extract is used mainly for the production of processed sugar which is one of the largest manufactured ingredients in the world.
North America is considered to be a highly lucrative market for the sugar beet juice extract market and its different products, driven primarily by its utilization across the food industry, sugar industry, and sports nutrition. The thick sugar beet juice extract can also be used for the production of bioethanol. For the production of bioethanol, the thick juice can be fermented directly with the aid of yeasts.
Simultaneously, the harvesting process for sugar beet extract and the high prices of processing equipment will pose a major challenge to the growth of the market. Hence, manufacturers are striving to develop more user-friendly alternatives. This is expected to restrain market growth to a significant extent.
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The food and beverage industry is expected to accrue significant benefits to the global sugar beet juice extract market. The sugar beet juice extract market is expected to witness significant growth in the near future. This is attributed to the increasing availability of these products across online stores and specialty stores.
Technological development in processing methods and new techniques are being developed to extract biofuel and bioproducts from sugar beet juice extract. This will increase the demand for the market through forecasting years. Due to the increasing population, the demand for the sugar industry is high in the Pharmaceutical and cosmetics industries.
Although the sugar beet juice extract market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The availability of other low-cost alternatives may hinder the growth of the sugar beet juice extract market. With increasingly complex rules and regulations, sugar beet juice extract manufacturing companies are focusing on producing creative and innovative products.
The high cost associated with the research and development activities and the availability of alternatives is anticipated to act as a significant growth barrier to the sugar beet juice extract market in forthcoming years.
North America was the largest market for sugar beet juice extract market and the trend is expected to continue into the forecast period owing to the high production of sugar beet in the region. Growing demand for natural sweeteners is expected to augment the sugar beet juice extract market. The region is forecast to surge at over 5.2% CAGR from 2022 to 2032.
About half of the sugar produced in the USA is from sugar beet juice extract which is likely to increase in the future owing to the increased pharmaceutical industry. Also, sucrose from sugar beet is widely used as a food or food additive and is among some of the most prominent growth drivers for the North American region.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the sugar beet juice extract Market, with Germany expected to steer the bulk of all regional markets as research in the production of bioethanol is increasing in the country.
Sugar beet is a good crop for bioethanol production, thus increasing the demand for sugar beet juice extract in the region. Sugar beet juice extract is a good source of fiber, vitamin C, iron, and calcium. Sugar beet juice extract also contains silica, which is very good for skin health and scalp health. Thus the demand Is high in the cosmetic and personal care industry.
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Some of the key participants present in the global sugar beet juice extract market include NutriScience Innovations LLC., BMA BraunschweigischeMaschinenbauanstalt AG, Nordzucker AG, Amalgamated Sugar Company, Crop Energies AG, Siemens AG, and Agrana Zucker GmbH among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as NutriScience Innovations LLC., and BMA BraunschweigischeMaschinenbauanstalt AG, account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
Report Attribute | Details |
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Growth Rate | CAGR of 5.6% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
FMI projects the global sugar beet juice extract market to expand at a 5.6% value CAGR by 2032
North America is expected to be the most opportunistic mussel oils market, expanding at a 5.2% CAGR
Nutriscience Innovations LLC., BMA BreunschweigischeMschinenbauanstalt AG, Nordzucker AG, Amalgamated Sugar Company, Crop Energies AG, Siemens AG, and Agrana Zucker GmbH Limited are some prominent sugar beet juice extract manufacturers
1. Executive Summary | Sugar Beet Juice Extract Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and Their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2022 to 2032 5.3.1. Organic 5.3.2. Conventional 5.4. Y-o-Y Growth Trend Analysis By Nature, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Nature, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2022 to 2032 6.3.1. Food & Beverages 6.3.2. Baked Goods 6.3.3. Sugar Industry 6.3.4. Condiments 6.3.5. Confectionery 6.3.6. Dairy 6.3.7. Animal Feed 6.3.8. Cosmetics & Personal Care 6.3.9. Dietary Supplements 6.3.10. Sports Nutrition 6.3.11. Biofuel 6.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2022 to 2032 7.3.1. Direct 7.3.2. Indirect 7.3.2.1. Online stores 7.3.2.2. Specialty stores 7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Nature 9.2.3. By End Use 9.2.4. By Distribution Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Nature 9.3.3. By End Use 9.3.4. By Distribution Channel 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Nature 10.2.3. By End Use 10.2.4. By Distribution Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Nature 10.3.3. By End Use 10.3.4. By Distribution Channel 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Nature 11.2.3. By End Use 11.2.4. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Nature 11.3.3. By End Use 11.3.4. By Distribution Channel 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of Asia Pacific 12.2.2. By Nature 12.2.3. By End Use 12.2.4. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Nature 12.3.3. By End Use 12.3.4. By Distribution Channel 12.4. Key Takeaways 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of Middle East and Africa 13.2.2. By Nature 13.2.3. By End Use 13.2.4. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Nature 13.3.3. By End Use 13.3.4. By Distribution Channel 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Nature 14.1.2.2. By End Use 14.1.2.3. By Distribution Channel 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Nature 14.2.2.2. By End Use 14.2.2.3. By Distribution Channel 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Nature 14.3.2.2. By End Use 14.3.2.3. By Distribution Channel 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Nature 14.4.2.2. By End Use 14.4.2.3. By Distribution Channel 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Nature 14.5.2.2. By End Use 14.5.2.3. By Distribution Channel 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Nature 14.6.2.2. By End Use 14.6.2.3. By Distribution Channel 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Nature 14.7.2.2. By End Use 14.7.2.3. By Distribution Channel 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Nature 14.8.2.2. By End Use 14.8.2.3. By Distribution Channel 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Nature 14.9.2.2. By End Use 14.9.2.3. By Distribution Channel 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Nature 14.10.2.2. By End Use 14.10.2.3. By Distribution Channel 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Nature 14.11.2.2. By End Use 14.11.2.3. By Distribution Channel 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Nature 14.12.2.2. By End Use 14.12.2.3. By Distribution Channel 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Nature 14.13.2.2. By End Use 14.13.2.3. By Distribution Channel 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Nature 14.14.2.2. By End Use 14.14.2.3. By Distribution Channel 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Nature 14.15.2.2. By End Use 14.15.2.3. By Distribution Channel 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Nature 14.16.2.2. By End Use 14.16.2.3. By Distribution Channel 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Nature 14.17.2.2. By End Use 14.17.2.3. By Distribution Channel 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Nature 14.18.2.2. By End Use 14.18.2.3. By Distribution Channel 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Nature 14.19.2.2. By End Use 14.19.2.3. By Distribution Channel 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Nature 15.3.3. By End Use 15.3.4. By Distribution Channel 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. NutriScience Innovations Llc 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. BMA AG 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Nordzucker AG 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Amalgamated Sugar Company 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Crop Energies AG 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Siemens AG 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Agrana Zucker GmbH 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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