Turkey Sugar Market Size, Share, COVID-19 Impact, Opportunities, And Trends By Form (Granulated, Powdered, Powdered, Syrup), By Source (Cane Sugar, Beet Sugar), By Use (Food And Beverage, Pharmaceuticals) And By Distribution Channel (Online, Offline) - Forecasts From 2020 To 2025

Published:  Nov 2022 Report Code: KSI061613261 Pages: 90

The Turkey Sugar Market is anticipated to expand at a CAGR of 3.10% over the course of the forecast period, from US$3.579 billion in 2020 to a total market value of US$4.433 billion by 2027.

Several soluble carbohydrates with a sweet flavour and that are used in food are collectively referred to as sugar. After being extracted from the sugar beet or sugar cane plant, sugar can then be transformed into a variety of forms. Sugar is used in both food and non-food industries. Sugar has a number of important applications in food sector along with providing a sweet taste. It serves as a preserver and prevents the growth of bacteria.

However, the younger population is switching to low-calorie sugar or artificial sweeteners, which could constrain the market in the region.

Consumption in food industry to boost the sugar market in Turkey

Turkey consumes a high amount of sugar. According to USDA, the annual per capita consumption of Turkey has raised from 30kg in 2021 to 35kg in 2022. Consumers are demanding more sugar these days, which is anticipated to contribute to the market's expansion in the country. Corn-based starch-based sweeteners are not eaten straight, but they are utilized by the industry to make candies, baked goods, traditional desserts, ice cream, helva, jams, and alcoholic and non-alcoholic beverages. As a result of a number of interrelated causes, including an expanding population, increased urbanization, and altered eating patterns, consumption levels have continued to rise. In parallel, Turkey's sophisticated food and beverage industry uses sugar to create a wider range of goods in response to consumer demand. Sugar is used in the food and beverage sector to the tune of about 80%, with the remaining 20% being consumed by consumers at home. Major companies are also increasing their investment in product innovation and new product launches, which may help the market to even expand more in the country.

Key Developments:

  • April 2022: In MY 2021/22, sugar beet production and planting area were anticipated to be 19.5 MMT and 320,000 ha, assuming ideal growth circumstances. In 2022/23, it is anticipated that production will be slightly higher than 2.8 MMT, up by almost 51,000 MT over the previous year. Beet sugar production in MY 2022/23 is anticipated to increase year over year to 3.1 million metric tons in tandem with additional plantings (MMT). The exports of sugar climbed from 342,368 MT in 2020 to 435,752 MT in 2021 due to the rise in domestic production.

Product Offerings:

  • Südzucker Pearl Sugar: The distinctive ingredient of the renowned Belgian Liege Waffle, among others, is Südzucker Pearl Sugar, also known as nib sugar or hail sugar.The Pearl Sugar is used in baked goods including waffles, sugar bread, brioches, French chouquettes, and Pulla buns as ornamentation, a crunchy texturizer, and a sweet morsel of goodness. Pearl Sugar is used as the centre filling for colourful sweets embellishment in sugar confectionery. It works well for ice cream as well, when brésilienne can be made from tiny sugar pearls coated in syrup. The finest sugar is used to create Südzucker Pearl Sugar, which has a lovely bright white colour and a delightfully crunchy texture. Madeleine Cakes, muffins, donuts, pulla buns, cougnous, cougnolles, gingerbread, wafers, Liege Waffles, and sugar doughs (bread), Cramiques are among the baked goods that employ it. Even after baking, it keeps a high level of whiteness and produces a pleasing appearance. It resists heat well and doesn't dissolve when baking.
  • MitrPhol BROWN SUGAR: The hydrolysis of corn starch yields a thick, clear to slightly yellow syrup known as liquid glucose. It is offered in a variety of Dextrose Equivalent concentrations and solids compositions. Its suggested uses include soft drinks, ice cream, confectionery, sweet sauces, and bakery. Thickener, sweetener, and humectants are among the key properties of the product. It is produced in a Halal, Kosher, and food-safe manner and has received ISO certification. 1100 kg and 1200 kg IBCs and a 23–25 tons isotank were used for packaging.

 Segmentation

  • By Form
    • Sugar Cubes
    • Granulated Sugar
    • Powdered Sugar
    • Sugar Syrup
  • By Source
    • Cane Sugar
    • Beet Sugar
  • By Use
    • Food and Beverage
    • Pharmaceuticals
  • By Distribution Channel
    • Online
    • Offline

1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. TURKEY SUGAR MARKET ANALYSIS, BY FORM

5.1. Introduction

5.2. Sugar Cubes

5.3. Granulated Sugar

5.4. Powdered Sugar

5.5. Sugar Syrup

 

6. TURKEY SUGAR MARKET ANALYSIS, BY MODE OF SOURCE

6.1. Introduction

6.2. Cane Sugar

6.3. Beet Sugar

 

7. TURKEY SUGAR MARKET ANALYSIS, BY USE

7.1. Introduction

7.2. Food and Beverages

7.3. Pharmaceuticals

 

8. TURKEY SUGAR MARKET ANALYSIS, BY USE

8.1. Introduction

8.2. Online

8.3. Offline

 

9. COMPETITIVE INTELLIGENCE

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

 

10. COMPANY PROFILES

10.1. Wilmar International Ltd

10.2. Südzucker AG

10.3. Turkiye Seker Fabrikalari A.S.

10.4. Konya Seker

Wilmar International Ltd

Südzucker AG

Turkiye Seker Fabrikalari A.S.

Konya Seker

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us