Beet Sugar Sales Market
A study, recently conducted by the strategic consulting and market
research firm, BlueWeave Consulting, revealed that the global beet sugar
sales market was worth USD 4.50 Billion in the year 2020. As per the data
yielded by the study, the market is estimated to grow at the CAGR of 5.1%,
earning revenue of around USD 6.36 Billion by the end of 2027. Sugar beet
is a root vegetable that is commonly used to make sugar. Sugar beets are
utilized in low-calorie and low-fat diets because they are high in nutrients.
Rising personal disposable income and increase in the population are the
reasons contributing to the growth of the beet sugar sales market.
Additionally, changing lifestyles and increasing health disorders are
probable to drive the global beet sugar sales market during the forecast
period. Also, a growing consumer base and the entry of a number of new
global players are likely to boost the worldwide beet sugar sales industry.
Changing weather conditions propelling the market growth
Sugar production depends largely on favorable weather conditions.
Sugarcane crops are affected by dry weather, which results in decreased
output. For example, in 2019, India’s sugar output declined due to harsh
Changing weather conditions
The production of sugar is heavily reliant on suitable weather conditions.
Dry weather has an impact on sugarcane crops, resulting in lower output.
For example, due to adverse meteorological conditions, India's sugar
output decreased in 2019. Additionally, the Indian Sugar Mills Association
revealed that 232.74 lakh tonnes of sugar had been produced by March
31, 2020, compared to 296.82 lakh tonnes by March 31, 2019, (a 64.08
lakh tonnes reduction). Because weather conditions frequently disrupt
sugar production, there is an increasing demand for sugar substitutes
around the world. Since sugar derived from beets is a superior option to
extractive sweeteners, the demand for beet sugar is growing across the