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Brazil Sugar Market - Forecasts from 2022 to 2027

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  • 85 Pages
  • December 2022
  • Region: Brazil
  • Knowledge Sourcing Intelligence LLP
  • ID: 5716727
Brazil's sugar market is projected to grow at a CAGR of 2.90% to reach US$4,942.368 million by 2027, from US$4,044.844 million in 2020.

Sugar is used widely across different industry verticals such as food & beverage, and confectionary, among a few. Sugar provides the body with energy in the form of glucose, which is essential for the optimal functioning of the brain, muscles, and nervous system under normal conditions. According to the Foreign Agricultural Service, the US Department of Agriculture, Brazil’s sugarcane crop was estimated at 621 million metric tons (MMT) for the year 2022-23, an 8% increase witnessed from last year’s 576 MMT. Consequently, the growth was supported by better weather conditions. The country’s exports were 28.2 MMT. Moreover, back in 2020 also, Brazil’s exports of raw sugarcane were $7.5B, making it the top producer and exporter of sugarcane.

The country supplies 50% of the world’s sugar. The farmers produce large volumes of sugarcane in a small proportion of the land that is dedicated to them. Along with this, Brazilian sugarcane ethanol makes up 18% of the country’s renewable energy output. Moreover, it has over 70% fewer CO2 emissions than petrol. The sustainable expansion of sugarcane cultivation is strictly controlled by regulations like the Agroecological Zoning of Sugarcane national policy all across the country. Such policies ensure that any growth in Brazil’s sugarcane production and exports continues to protect Brazil’s sensitive biomes.

Market Restraints

Over the years, people have significantly changed their habits toward the healthier side. Sugar, which is a staple food across the globe, can lead to severe health diseases if taken in excess. People demanding low-sugar or sugar-free alternatives is a key market restraint. This strong demand is linked to increasing cases of diabetes and obesity. Moreover, the International Diabetes Federation (IDF) estimates that the global prevalence rate of diabetes over the previous ten years was 3% per year. According to the IDF, there will be 592 million individuals living with diabetes globally by 2035. The government of Brazil has also been taking initiatives to promote a healthier lifestyle.

Furthermore, even though Brazil is a leading producer of sugar, many Brazilian oil companies are considering increasing fuel prices. If this gets implemented many sugar mills would earn more money selling biofuel. Sugar production would also be hampered, leading to a decline in the export of sugar. For example, recently in March 2022, Petrobras, a Brazilian oil company decided to increase fuel prices by nearly 19%. The company has taken this decision due to Russia Ukraine war as global oil prices have been badly affected. The price hike’s impact was also witnessed in ethanol pricing as well. The farmers were diverted toward producing more biofuel at the expense of sugar. Paragon Global Markets’ managing director also predicted that sugar mills could even cancel sugar export contracts with commodities traders if the price difference seemed unfavorable enough, which would further be reducing the volume of sugar that would be produced.


The COVID-19 pandemic had drastically affected staple foods, as due to the lockdown production units were closed. It worsened the value chain. Along with that, sugar demand from hotels, retailers, bars, and other establishments was also stopped due to the nation wise lockdown. Apart from being used as a final good, it disrupted the industry where it is used as an intermediate good, such as food, and beverage. The sugar supplies to these industries were stopped, and therefore, even they had to put a halt in their operations.

Market Segmentation:

  • By Source
  • Cane Sugar
  • Beet Sugar
  • By Type
  • Granular
  • Powder
  • Liquid
  • By Application
  • Dairy
  • Beverages
  • Confectionery & Bakery
  • Processed Food
  • Others
  • By Distribution Channel
  • Online
  • Offline
Frequently Asked Questions about the Brazilian Sugar Market

What is the estimated value of the Brazilian Sugar Market?

The Brazilian Sugar Market was estimated to be valued at $4044.84 million in 2020.

What is the growth rate of the Brazilian Sugar Market?

The growth rate of the Brazilian Sugar Market is 2.9%, with an estimated value of $4942.37 million by 2027.

What is the forecasted size of the Brazilian Sugar Market?

The Brazilian Sugar Market is estimated to be worth $4942.37 million by 2027.

Who are the key companies in the Brazilian Sugar Market?

Key companies in the Brazilian Sugar Market include Tereos, Raízen and Wilmar International Ltd.

Table of Contents

1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2.1. Research Data
2.2. Assumptions

3.1. Research Highlights

4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force 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

5.1. Introduction
5.2. Cane Sugar
5.3. Beet Sugar

6.1. Introduction
6.2. Granular
6.3. Powder
6.4. Liquid

7.1. Introduction
7.2. Dairy
7.3. Beverages
7.4. Confectionery & Bakery
7.5. Processed Food
7.6. Others

8.1. Introduction
8.2. Online
8.3. Offline

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

10.1. Tereos
10.2. Raízen
10.3. Shree Renuka Sugars Ltd
10.4. Wilmar International Ltd
*List is not exhaustive

Companies Mentioned

  • Tereos
  • Raízen
  • Shree Renuka Sugars Ltd
  • Wilmar International Ltd