The global sugar market reached a volume of 193.2 Million Tons in 2020. Sugar refers to a sweet crystalline substance that is prepared from sugar cane and sugar beet. It is used across the globe for innumerable food and non-food applications. In addition to offering a sweet taste, sugar performs a variety of other functions in the food industry. It is used as a preservative and prevents the development of microorganisms. It is also used for preventing the formation of large ice crystals in frozen products like ice cream. Apart from this, sugar encourages fermentation in products that contain yeast.
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