Global Sugar Beet Juice Extract Market by Application (Animal Feed, Food & Beverages, Bio Fuel) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global sugar beet juice extract market was valued at USD 4.31 Billion in 2018. It is projected to grow at a compound annual rate (CAGR of 5.7%) between 2019 and 2025. The rising demand for sugar substitutes due to fluctuating climatic conditions that affect the production of sugar will drive the growth. Technology has allowed engineers to create engineered sugar beets that require fewer pesticides or fertilizers. These beets can be used to make sugar that is more nutritious than extract sweeteners. The extract can also be used to make biofuel. Market growth is expected to be further driven by the many applications of the product in the near future.

Sugar beet juice extracts are also in demand due to the rising popularity of convenience foods. This extract is used in convenience foods as a natural sweetener, coloring and flavoring agent. Market growth is expected to be boosted by the recent approval of the European Food Safety Authority (EFSA), for the use of genetically modified sugarbeet in the food and beverage sector. The overall market growth is expected to be driven by the rising production of sugarbeet and its use in ethanol production.

Natural sweeteners will be in demand as consumers become more conscious about healthy eating habits and lifestyles. As a healthier alternative to conventional sweeteners, sugar beet molasses is a good choice. Sugar beet juice extract also includes betaine, which can be used in nutrition drinks for athletes or fitness enthusiasts. The global market for sugar beet juice extracts is expected to grow in the coming years.

Sugar beet juice extract can also be used in the cosmetic and pharmaceutical industries due to its moisturizing properties. It is also used in hair care products such as shampoos, conditioners creams and lotions, aftershaves, and deodorants. This is expected to increase product demand.

Application Insights

With a market share of over 30% in 2018, food and beverage dominated the global sugarbeet juice extract market. This market is expected to grow at 6.2% between 2019 and 2025. This extract can be used as a natural sweetener, flavoring agent, and coloring agent.

Flavor Extract Manufacturers Association and Generally Recognized As Safe have approved the use of this product as a flavor enhancer. Food manufacturers focus on natural, healthy sweeteners and flavorings while keeping in mind the health benefits associated with sugar beet. It is used in confectionery, bakery products, cereals, and ice cream production.

Sugar beet juice extract can be a rich source for nutrients and energy. This will drive demand in the food processing sector. Market growth will also be supported by the rising consumption of non-alcoholic and alcoholic beverages in developing nations like India, China, and Bangladesh.

This product is also used in other industries, such as pharmaceuticals and cosmetics. Road maintenance and repairs are made easier by the use of beet juice deicer. Its anti-icing, non-sticky properties help remove ice and snow from roads in winter.

Distribution Channel Insights

Supermarkets/hypermarkets held the largest market share in 2018 and is expected to register a CAGR of 5.3% from 2019 to 2025. Consumers can compare the products available from different brands in one location, which allows them to make informed decisions before buying. This distribution channel's layout and the discounts offered by major players are key factors in driving sales volume. Structured retail sectors, which provide ample visibility and space for existing and new brands, have been a key driver of growth.

The online distribution channel segment is forecast to grow at 6.3% CAGR over the forecast period. This growth can be attributed to the introduction online grocery channels. For the sale of sugarbeet juice extract, companies like amazon.com and indiamart.com are gaining more traction. Online sales will be driven by the attractive discount and coupon offers offered by e-retailers in the coming years.

Regional Insights

Europe held 32% of the market's largest share in 2018, due to its large production of premium sugar beet and high yield seed varieties. New companies are also acquiring market segments with premium products in order to reach customers with higher buying power. Market growth is also being driven by the demand for sweeteners and natural flavors in the region due to the high consumption of alcohol.

Asia Pacific is expected expand at a 6.3% CAGR between 2019 and 2025. Asia Pacific will offer significant growth opportunities in new segments such as convenience foods and alcoholic drinks, as developing countries like India, China and Bangladesh adopt western culture and lifestyles. The region's market growth is expected to be buoyed by rising demand for convenience foods, ready-to-eat and packaged food products.

Market Share Insights & Key Companies

Globally, the market is fragmented with major players like NutriScience Innovation LLC and Nordzucker AG. BMA Braunschweigische Maschinenbauanstalt AG. Amalgamated Sugar Company. Siemens AG. Crop Energies AG. Crop Energies AG. Agrana Zucker GmbH. Southern Minnesota Beet Sugar Cooperative. Nippon Beet Sugar Manufacturing Co. Ltd.. and British Sugar Plc. To meet rising consumer demand, companies are implementing strategies like new product development. The market leader in sugar beet juice extract is:

• 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.

• British Sugar Plc

Up Market Research published a new report titled “Sugar Beet Juice Extract Market research report which is segmented by Application (Animal Feed, Food & Beverages, Bio Fuel), By Players/Companies British Sugar Plc, Nippon Beet Sugar Manufacturing Co Ltd, Crop Energies AG, Agrana Zucker GmbH, Siemens AG, NutriScience Innovation LLC, Nordzucker AG, BMA Braunschweigische Maschinenbauanstalt AG, Southern Minnesota Beet Sugar Cooperative, Amalgamated Sugar Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Sugar Beet Juice Extract Market Report Segments:

The market is segmented by Application (Animal Feed, Food & Beverages, Bio Fuel).

Sugar Beet Juice Extract Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Sugar Beet Juice Extract Market

Overview of the regional outlook of the Sugar Beet Juice Extract Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Sugar Beet Juice Extract Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Sugar Beet Juice Extract Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Animal Feed

                2. Food & Beverages

                3. Bio Fuel

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Sugar Beet Juice Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Sugar Beet Juice Extract Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.