As per the latest analysis, global sales of beet sugar are estimated to be valued at USD 4.6 billion in 2024. Over the forecast period, demand for beet sugar is projected to expand at a 5.5% CAGR, taking the market valuation to USD 7.8 billion by 2034.
Currently, the market for beet sugar holds a significant share of the global sugar market. In the assessment period, this market share is expected to improve further, owing to the rising usage of beet sugar as an alternative to cane sugar in the food and beverage industry.
One of the key alternatives to cane sugar and high fructose corn syrup is beet sugar. Among the major uses of beet sugar, bakery products, beverages, dairy products, and confectionaries stand prominent. Increasing use of beet sugar in such products is expected to drive the growth in the market.
The food and beverage sector are the leading consumer of beet sugar. Many manufacturers use the product in multiple end products. For instance, food products such as confectionery, bakery products, and beverages are incorporated with this product.
The versatility of beet sugar, apart from its natural origin, has made it one of the preferred ingredients in the food industry. Thus, the growth of the food and beverage industry due to population explosion, improving disposable income, and changing dietary patterns is likely to propel the growth of the beet sugar market through 2034.
| Attributes | Key Insights |
|---|---|
| Estimated Global Beet Sugar Market Size (2024E) | USD 4.6 billion |
| Projected Beet Sugar Market Value (2034F) | USD 7.8 billion |
| Value-based CAGR (2024 to 2034) | 5.5% |
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The global market for beet sugar witnessed steady growth between 2019 to 2023. This was mostly due to increased demand for sweeteners made from beets. For the assessment period, a CAGR of 5.5% has been predicted for the beet sugar industry.
The changing dietary pattern among people is a significant factor that has put the focus on alternative cane sugar products. The growing beverage industry is amplifying the application of beet sugar. Beverage players find the beet sugar useful to elevate the taste, without adding calories to the drink.
The trend of natural products is boosting the use of beet sugar, which is a natural sweetener containing fewer calories. Beet sugar is suitable for bakery products, beverages, dietary supplements, and dairy applications. The increasing demand for low-calorie, natural drinks is pushing the sales of beet sugar.
The table below shows the predicted growth rates of the top countries. Germany is poised to register a high CAGR of 5.6% during the forecast period. Currently, it holds a 12.3% global market share.
The United States is projected to register a CAGR of 4.2% during the assessment period. It will likely account for a global market share of 35.0% by 2034, reflecting robust demand for beet sugar from the food and beverages industry.
| Countries | Expected Beet Sugar Market CAGR (2024 to 2034) |
|---|---|
| United States | 4.2% |
| Japan | 4.8% |
| Australia | 5.0% |
| Germany | 5.6% |
The United States beet sugar market size is expected to reach USD 2.7 billion by 2034. Over the forecast period, sales of beet sugar in the United States are projected to expand at 4.2% CAGR. It will likely hold around 35.0% of the global beet sugar industry at the end of the forecast period.
Several factors are expected to drive the growth of the United States market during the forecast period. These include rising consumer preference for organic and non-GMO products and increasing consumption of beet sugar in the thriving food and beverage sector.
The United States is one of the leading sugar producers across the globe. The nation has large and well-developed industries for sugarcane and sugar beets. The domestic production of sugar in the nation have been about 55% since the mid-1990s.
Increasing investment in the latest processing equipment and the adoption of advanced field- and storage-management practices are appreciating the market’s value. The rising demand for beet sugar from sectors spanning beverages, bakery, and dietary supplements is expected to boost market growth.
The market is also expected to benefit from increasing trade activities and a growing focus on improving taste and flavors in food & beverage products. Key companies that are offering chemical-free and more organic beet sugar are expected to succeed in the United States market.
Germany’s beet sugar market value is anticipated to total USD 1 billion by 2034. Overall demand for beet sugar in Germany is projected to rise at a 5.6% CAGR. The growing trends of organic and natural products among consumers looking for clean-label products are fueling the market.
Several consumers across Germany perceive beet sugar as a natural and less processed substitute for cane sugar. This will likely play a key role in propelling demand for beet sugar in the country during the forecast period.
Another key factor expected to boost Germany market is the growing demand for healthy sweeteners and low-calorie cane sugar-alternative products. The expanding beverage industry is increasingly adopting beet sugar as an ingredient in non-alcoholic beverages and soft drinks. This, in turn, is set to improve Germany’s beet sugar industry share.
The beet sugar industry in Russia is projected to advance at a compound annual growth rate (CAGR) of 3.8% during the forecast period. It will likely attain a market valuation of USD 1.4 billion by 2034. This is due to the increasing emphasis on natural sweeteners.
Russia is a significant producer of sugar beets, with favorable weather, higher areas, and greater sugar beet yields contributing to increased production. The government has introduced policies and offered support to farmers to grow sugar beets. Further, Russia’s sugar beet production is projected to drastically increase owing to investment and subsidies for agriculture sector.
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The section casts light on key insights drawn from the leading segments and their growth and market hold. With this information, players are at an advantage to invest in popular forms and create products for certain applications.
| Top Segments | Estimated Market Share (2024) |
|---|---|
| Granulated Sugar (Form) | 45.6% |
| Bakery Products (Application) | 25.5% |
| Conventional (Nature) | 70.0% |
Based on form, the granulated beet sugar segment is estimated to dominate the global market. It will likely hold a market share of 45.6% in 2024. This is due to the rising consumer adoption of granulated beet sugar in diverse applications.
Beet sugar is commonly sold in refined form, which can be granulated, powdered, or liquid, just like cane sugar. Granulated white sugar is the most widely available sweetener extracted from sugar beet plants.
Granulated sugar is the go-to option for consumers looking for minimally processed, natural sweeteners. It is made from beetroot sugar, which is a naturally occurring source of sweetness that goes through very few processing processes.
As per the latest beet sugar market analysis, the bakery products segment is expected to remain the most remunerative application for beet sugar during the forecast period. The target segment is set to reach a valuation of USD 2.1 billion by 2034.
Beet sugar is generally used in baking due to its versatility and functional properties. Beet sugar contains sucrose, which is commonly used in commercial baking. The availability of the product in granulated powdered form and brown sugars is expected to the segment growth.
The landscape of beet sugar market is quite diverse and dynamic. Leading companies in the sector are focusing on research & development, sustainable sourcing, and new formulations. They are focusing on implementing environmentally friendly practices and obtaining product certifications to satisfy the increased demand for natural and sustainable ingredients.
Several companies try to preserve their market positions and capitalize on the growing demand by focusing on quality, innovation, and matching customer preferences. They also establish new manufacturing facilities as well as employ strategies like partnerships, acquisitions, and mergers to stay ahead of the competition.
Industry Updates
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 4.6 billion |
| Projected Market Value (2034) | USD 7.8 billion |
| Expected Growth Rate (2024 to 2034) | 5.5% CAGR |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD billion for Value, MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Product Type, Form, Application, Nature, and Region |
| Key Players in the Beet Sugar Market | United Sugars Corporation; Now Foods; Domino Sugar; Michigan Sugar Company; Amalgamated Sugar Company; American Crystal Sugar Company; Southern Minnesota Beet Sugar Cooperative; Western Sugar Cooperative; Longmont Sugar Company; Cosun Beet Company; British Sugar; Associated British Foods plc (ABF); Other Players |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunity, Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global beet sugar market value is estimated to reach USD 4.6 billion in 2024.
Global demand for beet sugar is projected to rise at a CAGR of 5.5% through 2034.
The global beet sugar market size is expected to reach USD 7.8 billion by 2034.
With a 25.5% market share in 2024, the usage of beet sugar remains high in bakery products.
United Sugars Corporation, Now Foods, Domino Sugar, and Michigan Sugar Company, among others.
Russia is the leading producer of beet sugar.
Egypt.
Yes, India produces beet sugar.
Beet sugar represents 20% of the global sugar production.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Wheel of Fortune
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market Trends
3.5. Macro-Economic Factors
3.6. Forecast Factors - Relevance & Impact
3.7. Certifying Agencies
3.8. Consumer Survey
4. Global Market - Pricing Analysis
4.1. Price Point Assessment by Region
4.1.1. Manufacturer-level Pricing
4.1.2. Distributor Level Pricing
4.1.3. Retail Level Pricing
4.2. Price Point Assessment By Form
4.3. Price Forecast till 2034
5. Value Chain Analysis
5.1. Supply chain analysis (Operating margin analysis)
5.2. List of Key market participants
5.2.1. Key Manufacturers List
5.2.2. Key End-User List
5.3. Notes on Value Added at Each Node in the Value Chain
6. Global Market Size (in Value (US$ million) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis, 2019 to 2023
6.2. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Product Type, 2019 to 2023
7.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034
7.3.1. White Sugar
7.3.2. Brown Sugar
7.4. Market Attractiveness Analysis By Product Type
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Form
8.1. Introduction / Key Findings
8.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Form, 2019 to 2023
8.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Form, 2024 to 2034
8.3.1. Granulated Sugar
8.3.2. Powdered Sugar
8.3.3. Liquid Sugar
8.4. Market Attractiveness Analysis By Form
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Application, 2019 to 2023
9.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034
9.3.1. Dairy Products
9.3.2. Bakery Products
9.3.3. Beverages
9.3.4. Confectionery Products
9.3.5. Dietary Supplements
9.3.6. Snacks
9.3.7. Others (Electrolyte Mixes and Pharmaceutical)
9.4. Market Attractiveness Analysis By Application
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Nature
10.1. Introduction / Key Findings
10.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Nature, 2019 to 2023
10.3. Current and Future Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Nature, 2024 to 2034
10.3.1. Organic
10.3.2. Conventional
10.4. Market Attractiveness Analysis By Nature
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
11.1. Introduction
11.2. Historical Market Size (in Value (US$ million) and Volume (MT) Analysis By Region, 2019 to 2023
11.3. Current Market Size (in Value (US$ million) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia
11.3.6. Oceania
11.3.7. Middle East & Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
12.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
12.4.1. By Country
12.4.1.1. United States
12.4.1.2. Canada
12.4.2. By Product Type
12.4.3. By Form
12.4.4. By Application
12.4.5. By Nature
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By Form
12.5.4. By Application
12.5.5. By Nature
12.6. Key Takeaways
13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
13.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Colombia
13.4.1.4. Argentina
13.4.1.5. Rest of Latin America Beet Sugar
13.4.2. By Product Type
13.4.3. By Form
13.4.4. By Application
13.4.5. By Nature
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By Form
13.5.4. By Application
13.5.5. By Nature
13.6. Key Takeaways
14. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
14.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. United Kingdom
14.4.1.3. France
14.4.1.4. Italy
14.4.1.5. Spain
14.4.1.6. BENELUX
14.4.1.7. Nordic
14.4.1.8. Russia
14.4.1.9. Poland
14.4.1.10. Rest of Europe
14.4.2. By Product Type
14.4.3. By Form
14.4.4. By Application
14.4.5. By Nature
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By Form
14.5.4. By Application
14.5.5. By Nature
14.6. Key Takeaways
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
15.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.2. By Product Type
15.4.3. By Form
15.4.4. By Application
15.4.5. By Nature
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By Form
15.5.4. By Application
15.5.5. By Nature
15.6. Key Takeaways
16. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
16.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
16.4.1. By Country
16.4.1.1. India
16.4.1.2. Thailand
16.4.1.3. Malaysia
16.4.1.4. Indonesia
16.4.1.5. Singapore
16.4.1.6. Rest of South Asia Beet Sugar
16.4.2. By Product Type
16.4.3. By Form
16.4.4. By Application
16.4.5. By Nature
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By Form
16.5.4. By Application
16.5.5. By Nature
16.6. Key Takeaways
17. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
17.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
17.4.1. By Country
17.4.1.1. Australia
17.4.1.2. New Zealand
17.4.2. By Product Type
17.4.3. By Form
17.4.4. By Application
17.4.5. By Nature
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By Form
17.5.4. By Application
17.5.5. By Nature
17.6. Key Takeaways
18. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
18.4. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2024 to 2034
18.4.1. By Country
18.4.1.1. United Arab Emirates
18.4.1.2. Saudi Arabia
18.4.1.3. Other GCC Countries
18.4.1.4. North Africa
18.4.1.5. South Africa
18.4.1.6. Central Africa
18.4.2. By Product Type
18.4.3. By Form
18.4.4. By Application
18.4.5. By Nature
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By Form
18.5.4. By Application
18.5.5. By Nature
18.6. Key Takeaways
19. Country-level Market Analysis
19.1. United States Market Analysis
19.1.1. By Product Type
19.1.2. By Form
19.1.3. By Application
19.1.4. By Nature
19.2. Canada Market Analysis
19.2.1. By Product Type
19.2.2. By Form
19.2.3. By Application
19.2.4. By Nature
19.3. Brazil Market Analysis
19.3.1. By Product Type
19.3.2. By Form
19.3.3. By Application
19.3.4. By Nature
19.4. Mexico Market Analysis
19.4.1. By Product Type
19.4.2. By Form
19.4.3. By Application
19.4.4. By Nature
19.5. Argentina Market Analysis
19.5.1. By Product Type
19.5.2. By Form
19.5.3. By Application
19.5.4. By Nature
19.6. Germany Market Analysis
19.6.1. By Product Type
19.6.2. By Form
19.6.3. By Application
19.6.4. By Nature
19.7. United Kingdom Market Analysis
19.7.1. By Product Type
19.7.2. By Form
19.7.3. By Application
19.7.4. By Nature
19.8. France Market Analysis
19.8.1. By Product Type
19.8.2. By Form
19.8.3. By Application
19.8.4. By Nature
19.9. Italy Market Analysis
19.9.1. By Product Type
19.9.2. By Form
19.9.3. By Application
19.9.4. By Price Range
19.9.5. By Nature
19.10. Spain Market Analysis
19.10.1. By Product Type
19.10.2. By Form
19.10.3. By Application
19.10.4. By Nature
19.11. BENELUX Market Analysis
19.11.1. By Product Type
19.11.2. By Form
19.11.3. By Application
19.11.4. By Nature
19.12. Nordic Market Analysis
19.12.1. By Product Type
19.12.2. By Form
19.12.3. By Application
19.12.4. By Nature
19.13. Russia Market Analysis
19.13.1. By Product Type
19.13.2. By Form
19.13.3. By Application
19.13.4. By Nature
19.14. Poland Market Analysis
19.14.1. By Product Type
19.14.2. By Form
19.14.3. By Application
19.14.4. By Nature
19.15. China Market Analysis
19.15.1. By Product Type
19.15.2. By Form
19.15.3. By Application
19.15.4. By Nature
19.16. Japan Market Analysis
19.16.1. By Product Type
19.16.2. By Form
19.16.3. By Application
19.16.4. By Nature
19.17. South Korea Market Analysis
19.17.1. By Product Type
19.17.2. By Form
19.17.3. By Application
19.17.4. By Nature
19.18. India Market Analysis
19.18.1. By Product Type
19.18.2. By Form
19.18.3. By Application
19.18.4. By Nature
19.19. Thailand Market Analysis
19.19.1. By Product Type
19.19.2. By Form
19.19.3. By Application
19.19.4. By Nature
19.20. Malaysia Market Analysis
19.20.1. By Product Type
19.20.2. By Form
19.20.3. By Application
19.20.4. By Nature
19.21. Indonesia Market Analysis
19.21.1. By Product Type
19.21.2. By Form
19.21.3. By Application
19.21.4. By Nature
19.22. Vietnam Market Analysis
19.22.1. By Product Type
19.22.2. By Form
19.22.3. By Application
19.22.4. By Nature
19.23. Philippines Market Analysis
19.23.1. By Product Type
19.23.2. By Form
19.23.3. By Application
19.23.4. By Nature
19.24. Singapore Market Analysis
19.24.1. By Product Type
19.24.2. By Form
19.24.3. By Application
19.24.4. By Nature
19.25. Australia Market Analysis
19.25.1. By Product Type
19.25.2. By Form
19.25.3. By Application
19.25.4. By Nature
19.26. New Zealand Market Analysis
19.26.1. By Product Type
19.26.2. By Form
19.26.3. By Application
19.26.4. By Nature
19.27. Turkiye Market Analysis
19.27.1. By Product Type
19.27.2. By Form
19.27.3. By Application
19.27.4. By Nature
19.28. Egypt Market Analysis
19.28.1. By Product Type
19.28.2. By Form
19.28.3. By Application
19.28.4. By Nature
19.29. South Africa Market Analysis
19.29.1. By Product Type
19.29.2. By Form
19.29.3. By Application
19.29.4. By Nature
19.30. GCC Countries Market Analysis
19.30.1. By Product Type
19.30.2. By Form
19.30.3. By Application
19.30.4. By Nature
20. Market Structure Analysis
20.1. Global Market Competition - a Dashboard View
20.2. Industry Structure Analysis
20.2.1. % tier 1 market players
20.2.2. % tier 2 market players
20.2.3. % tier 3 market players
20.3. Global Market Company Share Analysis
20.3.1. For Tier 1 Market Players, 2023
20.3.2. Company Market Share Analysis of Top 5 Players, By Region
20.4. Key Participants Market Presence (Intensity Mapping) by Region
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. American Crystal Sugar Company
21.3.1.1. Product Portfolio
21.3.1.2. Revenue by Market Segments (Product Type/Form/Nature/Application/Region)
21.3.1.3. Sales Footprint
21.3.1.4. Strategy Overview
21.3.1.4.1. Marketing Strategy
21.3.1.4.2. Product Strategy
21.3.1.4.3. Channel Strategy
21.3.1.5. SWOT Analysis
21.3.2. United Sugars Corporation
21.3.3. Now Foods
21.3.4. Domino Sugar
21.3.5. Michigan Sugar Company
21.3.6. Amalgamated Sugar Company
21.3.7. Southern Minnesota Cooperative
21.3.8. Western Sugar Cooperative
21.3.9. Longmont Sugar Company
21.3.10. Cosun Beet Company
21.3.11. British Sugar
21.3.12. Associated British Foods plc (ABF)
21.3.13. Other Players (On Additional Requests)
22. Assumptions and Acronyms Used
23. Research Methodology
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Beet Sugar Market
