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MARKET OVERVIEW

1.1 Definition and scope of study

The name "sugar" refers to sucrose, a sweet-tasting disaccharide made up of one glucose molecule and one fructose molecule collected mostly from sugar plants. Sugar cane and sugar beet are the two main sources of sugar; additional sources of sugar include coconut and maple trees. Brazil and India, which together account for one-third of global sugar output, dominate the global sugar market. The European Union is the third-largest producer in the globe. Sugar is the basic element of many food products such as snacks, sweets, cookies and it is present in most of carbonated drinks. Sugar has applications not only in the food sector but also in the pharmaceutical one in the production of syrups and medicines for children. The extraction techniques for these two plants differ, but purification, concentration, refining, and crystallization follow the same course. We get roughly 15 kilograms of crystalline sucrose and about 5 kilograms of molasses from 100 kilograms of beets, which still contains about two and a half kilograms of sugar.

In 2020, the global sugar market reached a volume of 193.2 million tons and the market is expected to reach a volume of 202.1 million tons by 2026. In terms of value, the global industrial sugar market is estimated to reach USD 45.6 billion by 2027, growing at a CAGR of 6.5 percent from 2020 to 2027.

With the implementation of the Community Reform in 2006, Europe transformed the largest sugar producing corporations from significant exporters to importers. This had a significant impact in Italy, which had to reduce production from 1.5 million tons prior to the reform to the present 508 thousand tons. There are four sugar factories in the area, and the area planted with sugar beets is approximately 50-60 thousand hectares. Only 30% of Italy's needs are met domestically; the rest is imported. Italy is not one of the first countries to produce sugar and has a big growth potential, particularly for bio-sugar replacements such as sweeteners. Coprob, a cooperative of sugar beet growers, controls two factories in Manerbio, in the Bolognese area, and Pontelongo, in the Padua area, where Italian sugar is produced today.

In Italy, the market for natural sugar replacement sweeteners is gaining traction; Stevia is the most common alternative, and it has a large and established market: Coca-Cola, Zuegg, Vigorsol, and EstaThe have all used stevia or rather steviosides as a sweetener in their products.

ANALYSIS OF THE DEMAND

MARKET STRUCTURE

ANALYSIS OF THE OFFER

REGULATION

POSITIONING OF THE ACTORS

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in 40 pages
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Analysts

Hugo Schott

chargé d'études économiques, Xerfi

Hugo Schott

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Mathieu Luinaud

Associate Consultant

Mathieu Luinaud

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Education Formation
Robin C.

PhD Industrial transformations

Robin C.

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Pierre D.

Analyst

Pierre D.

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Arnaud W.
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Ross Alumni Club France

Arnaud W.

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Amaury de Balincourt
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Analyste de marché chez Businesscoot

Amaury de Balincourt

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Pierrick C.

Consultant

Pierrick C.

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Maelle V.

Project Finance Analyst, Consulting

Maelle V.

Héloise Fruchard

Etudiante en Double-Diplôme Ingénieur-Manager Centrale

Héloise Fruchard

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Imane E.

EDHEC

Imane E.

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Vincent D.

Auditeur

Vincent D.

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Eva-Garance T.

Eva-Garance T.

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Michela G.

Market Research Analyst

Michela G.

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Azelie P.

Market Research Analyst @Businesscoot

Azelie P.

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Cantiane G.

Market Research Analyst @Businesscoot

Cantiane G.

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Jules D.

Consultant

Jules D.

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Alexia V.

Alexia V.

Emil Ohlsson

Emil Ohlsson

Anna O.

Anna O.

Gabriel S.

Gabriel S.