Research and Markets has announced the addition of the "Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017 - 2022" report to their offering.
The global sugar market has grown at a CAGR of around 2% during 2009-2016 with consumption volumes reaching 176 Million Tons in 2016.
Several factors like rising population, growth of the food and beverage industry, increasing incomes and expanding applications are expected to drive the growth of the global sugar market.
Sugar is used all over the world to sweeten food and beverages, preserve jams and jellies, ferment yeast, and enhance the colour and flavour of baked goods. Although sugar is present in all fruits and vegetables, it is commercially produced from sugar cane or beet. Different methods are used to derive various types of sugar. The most commercially produced sugar is white granulated sugar. Other types include brown, candy, liquid and cubed sugar.
On the basis of consumption, India currently represents the world's biggest consumer of sugar followed by the European Union, China, Brazil, USA and Indonesia.
Source: www.cbs58.com