Sugar Processing in the US - Industry Market Research Report

Sugar high: Revenue will rise as downstream demand recovers from the COVID-19 pandemic

The Sugar Processing industry refines sugar from sugar beets and sugarcane and produces sugar products for consumer and industrial use. The industry has contended with falling demand abroad, volatile input prices and a pandemic. In particular, the COVID-19 pandemic has reduced production capacities and increased unemployment rates, damaging industry revenue and downstream demand for sugar. Industry revenue grew at a CAGR of 0.9% to $13.2 billion over the past five years, despite a 1.7% fall in 2023, as the global economy recovered from the coronavirus pandemic's effects.

The Sugar Processing industry comprises establishments primarily engaged in manufacturing raw sugar, liquid sugar and refined sugar from sugarcane, raw cane sugar and sugar beets. This industry acquires its raw material from sugarcane growers. Sugar refiners also buy raw sugar from millers. This raw material is processed into a range of sugar products for industrial and consumer use.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.