Sugar Beet Juice Extract Market To Grow Enormously with Size Worth $6.34 Billion By 2025 |Grand View Research, Inc.



The global sugar beet juice extract market size is expected to reach USD 6.34 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.7% during the forecast period. Rising demand for natural sweetener in food processing industries is anticipated to drive the growth.
Manufacturers have started using natural sweeteners like molasses to cater to the rising demand for organic energy drinks and beverages. Increased awareness regarding health and hygiene and demand for organic sugar is anticipated to fuel the demand for products such as sugar beet juice extract. Therefore, companies such as, NutriScience Innovation LLC are coming up with various applications of sugar beet extract in medicines, chemicals, and energy drinks.
The global market is fragmented in nature with the presence of the major players such as NutriScience Innovation LLC, Nordzucker AG, BMA Braunschweigische Maschinenbauanstalt AG, Amalgamated Sugar Company, Siemens AG, Crop Energies AG, Agrana Zucker GmbH, Southern Minnesota Beet Sugar Cooperative, Nippon Beet Sugar Manufacturing Co. Ltd., and British Sugar Plc. The companies are adopting strategies such as new product developments to cater to the rising consumer demand patterns.
Browse Research Report On sugar beet juice extract Market:
https://www.grandviewresearch.com/industry-analysis/sugar-beet-juice-extract-market
Food and beverage segment is projected to witness the fastest CAGR during the forecast period on account of growing demand for convenience foods among the young population. Moreover, increasing economic independency and health consciousness among women has led to a rise in consumption of healthy convenience food, thereby driving the application of sugar beet extracts. The extract acts as a natural sweetener and flavoring and coloring agent. The Flavor Extract Manufacturers Association (FEMA) and Generally Recognized As Safe (GRAS) have approved the usage of the product as a flavor enhancer. Food manufacturers concentrate on using natural and healthy products for sweetener and flavoring, keeping in mind the health benefits of sugar beet. Extract is also used in producing cereals, bakery products, ice creams, and confectionery.
Further key findings from the report suggest:
·         Food and beverages segment is anticipated to expand at a CAGR of 6.2% over the forecast period, due to rising demand for convenience food product coupled with rising healthy consciouness
·         Supermarkets/hypermarkets distribution channel held the leading market share of over 44.7% in 2018, on account of the easy product availability
·         Europe led the global sugar beet juice extract market in 2018 with a 32.7% of the overall volume share. High awareness regarding personal and environmental hygiene in the developed countries such as U.K. and Germany is anticipated to further fuel the growth
·         The market is highly competitive in nature with the presence of key players including, NutriScience Innovation LLC, Nordzucker AG, BMA Braunschweigische Maschinenbauanstalt AG, Amalgamated Sugar Company, Siemens AG, Crop Energies AG, Agrana Zucker GmbH, Southern Minnesota Beet Sugar Cooperative, Nippon Beet Sugar Manufacturing Co. Ltd., and British Sugar Plc.
Supermarkets/hypermarkets is expected to reach USD 2.77 billion by 2025, with a CAGR of 5.3% from 2019 to 2025. Availability of a huge range of products offered by different brands enables consumers to compare products before purchasing. The layout of this distribution channel and discounts offered by leading players also help drive the sales volume.
Asia Pacific is expected to register the fastest CAGR of 6.3% from 2019 to 2025. The sugar beet juice extract market in the Asia Pacific has good opportunity for new segments, such as convenience food and alcoholic beverages, as the developing countries including, India, China, and Bangladesh are adopting western culture and lifestyle. Rising demand for ready to eat, packaged, and convenience food products is anticipated to bode well for the regional market growth.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-sugar-beet-juice-extract-market
Grand View Research has segmented the global sugar beet juice extract market on the basis of application, distribution channel:
Sugar Beet Juice Extract Application Outlook (Revenue, USD Million, 2015 - 2025)
·         Food & Beverages
·         Animal Feed
·         Bio-Fuel
·         Others
Sugar Beet Juice Extract Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
·         Supermarket/Hypermarket
·         Convenience Stores
·         Online
Rising consumer consciousness about maintaining healthy lifestyle and food habits is anticipated to drive the demand for natural sweeteners. Sugar beet molasses serves as a healthy substitute to the conventional sweeteners. Sugar beet juice extract also contains betaine, which is a naturally occurring and potential source of nutrient, used in energy drinks for athletes and fitness enthusiasts. Growing usage of sugar beet juice extracts in beverage industry is expected to drive the global market in the forthcoming years.
In addition, sugar beet juice extract is also used in cosmetic and pharmaceutical industry owing to its high moisturizing properties. It also finds application in hair care products, shampoos, conditioners, creams and lotions, aftershaves and deodorants. This growing usage of natural ingredients is anticipated to contribute to the rising product demand.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.





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