American Sugar Beets Association
An overview of the sugar beet market, competitive sugar sources, and the marketing challenges of American Sugar Beet Association.
SUGAR BEET MARKET: Global
- Companies using sugar beet for production are also making use of sugar beet by-product known as "dried beet pulp which is left when sugar is extracted from the sliced sugar beet. This by-product is being provided in many forms such as molasses dried, pelleted, and plain dried. Manufacturers are supplying this by-product as a livestock feed. Meanwhile, beet molasses is being used for producing chemicals, yeast, and pharmaceuticals."
- The global sugar beet market is forecast to reach $50.4 million by 2026 at a compound annual growth rate of 6.5% from 2017 to 2026.
- By end use, transportation fuel and the beet processing industries have the largest share.
- The surging demand of sugar beet is attributed to its rich nutrients and its popular use in low-calorie diets. It is also a good alternative to sugarcane. In addition, "extensive use of sugar beet by-products in pharmaceuticals and alcohol production has expedited the market’s growth."
- By end product, direct use, raw sugar, refined sugar, and brown sugar have the largest share.
- Michigan Sugar Company, American Crystal Sugar Company, Amalgamated Sugar Company, LLC, Southern Minnesota Beet Sugar Cooperative, Rana Sugar Ltd, Tereos, and Sugar Manufacturing Co. Ltd are some of the key players in the global sugar beet market.
- Russia (18.5%), France (12.2%), and the US (12.1%) are the top producing countries of sugar beet.
SUGAR BEET MARKET: US
- The US sugar beet market is dominated by "American Crystal Sugar Company (Minnesota), Amalgamated Sugar Company (Idaho), Western Sugar Cooperative (Colorado) and Michigan Sugar Company."
- As of 2017, the US reached total sugarbeet production volume of "nearly 35.7 million tons harvested from 1.1 billion acres with an average yield of 32 tons per acre."
- In the US, sugarbeets are primarily grown in the Upper Midwest, Great Plains, and the Far West.
- In 2016, U.S. sugarbeet prices "averaged $47.20 per ton, up from $46.0 per ton the previous year, and total sugarbeet production was valued at approximately $1.3 billion in 2015."
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