+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Sugar Market Report and Forecast 2024-2032

  • PDF Icon

    Report

  • 185 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921452
According to the report, the global sugar market is projected to grow at a CAGR of 1% between 2024 and 2032 reaching a volume of around 197.19 million tons by 2032. Aided by the ever-present demand for sweetened food and beverages and the multifaceted applications of sugar in various industries, the market is expected to grow significantly by 2032.

Sugar, predominantly derived from sugarcane and sugar beet, remains a staple in culinary traditions worldwide. As a key sweetening agent, sugar is integral to an array of foods and beverages, from confectioneries, pastries, and desserts to sodas and energy drinks. Beyond its primary role as a sweetener, sugar plays pivotal roles in preserving foods, fermenting alcoholic beverages, and even serving as a texture enhancer and colouring agent in culinary preparations. Additionally, sugar is known for its osmotic properties, which prevent spoilage, making it indispensable in the production of jams and jellies.

The enduring consumer love affair with sweetened products is a prime driver of the global sugar market growth. With festivities, celebrations, and day-to-day consumption reliant on sweet treats, the demand for sugar has been unwavering. Moreover, the advent of quick-service restaurants and cafes, paired with the omnipresence of packaged foods, has further cemented sugar’s position in modern diets.

Additionally, sugar is not limited to just the plates. The industrial applications of sugar, spanning from the production of biofuels to its role in the pharmaceutical sector, are significant factors augmenting the sugar market outlook. For instance, sugar’s role in the pharmaceutical industry is not just as a sweetener for syrups but also as a crucial excipient in tablet formulations. In cosmetics, sugar finds its place as an organic exfoliant, catering to the rising demand for natural skincare products.

This health-driven pivot has led to innovations within the sugar industry, with producers exploring avenues like low-calorie sugar variants and sustainable farming practices. Additionally, there is a palpable trend of transparent labelling, ensuring consumers are informed about the sugar content in products, marking a move towards responsible production and consumption.

Furthermore, the increasing popularity of ethnic and gourmet cuisines, such as muscovado, demerara, and jaggery, has been bolstering the sugar market demand. Their distinctive flavours and perceived health benefits are gaining traction, especially among the culinary elite and health-conscious segments of consumers.

Market Segmentation

The market can be divided based on type, form, source, end user, and region.

Market Breakup by Type

  • White
  • Brown
  • Liquid

Market Breakup by Form

  • Granulated
  • Powdered
  • Syrup

Market Breakup by Source

  • Sugar Beet
  • Sugarcane

Market Breakup by End User

  • Food and Beverages
  • Pharma and Personal Care
  • Household
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sugar market. Some of the major players explored in the report are as follows:
  • Cosan S.A.
  • AB Sugar
  • Südzucker AG
  • Nordzucker AG
  • COFCO International
  • Tereos Group
  • Mitr Phol Group
  • Dalmia Bharat Sugar and Industries Limited
  • Louis Dreyfus Company
  • Wilmar International Ltd
  • The Savola Group
  • E.I.D. – Parry (India) Limited
  • Rusagro Group
  • Thai Roong Ruang Sugar Group
  • Cargill, Incorporated
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sugar Market Analysis
8.1 Key Industry Highlights
8.2 Global Sugar Historical Market (2018-2023)
8.3 Global Sugar Market Forecast (2024-2032)
8.4 Global Sugar Market by Type
8.4.1 White
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Brown
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Liquid
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Sugar Market by Form
8.5.1 Granulated
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Powdered
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Syrup
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Sugar Market by Source
8.6.1 Sugar Beet
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Sugarcane
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Sugar Market by End User
8.7.1 Food and Beverages
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharma and Personal Care
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Household
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Sugar Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Sugar Market Analysis
9.1 Market by Type
9.2 Market by Form
9.3 Market by Source
9.4 Market by End Use
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
10 Europe Sugar Market Analysis
10.1 Market by Type
10.2 Market by Form
10.3 Market by Source
10.4 Market by End Use
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2023)
10.5.1.2 Forecast Trend (2024-2032)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2023)
10.5.2.2 Forecast Trend (2024-2032)
10.5.3 France
10.5.3.1 Historical Trend (2018-2023)
10.5.3.2 Forecast Trend (2024-2032)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2023)
10.5.4.2 Forecast Trend (2024-2032)
10.5.5 Others
11 Asia Pacific Sugar Market Analysis
11.1 Market by Type
11.2 Market by Form
11.3 Market by Source
11.4 Market by End Use
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2023)
11.5.1.2 Forecast Trend (2024-2032)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2023)
11.5.2.2 Forecast Trend (2024-2032)
11.5.3 India
11.5.3.1 Historical Trend (2018-2023)
11.5.3.2 Forecast Trend (2024-2032)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2023)
11.5.4.2 Forecast Trend (2024-2032)
11.5.5 South Korea
11.5.5.1 Historical Trend (2018-2023)
11.5.5.2 Forecast Trend (2024-2032)
11.5.6 Australia
11.5.6.1 Historical Trend (2018-2023)
11.5.6.2 Forecast Trend (2024-2032)
11.5.7 Others
12 Latin America Sugar Market Analysis
12.1 Market by Type
12.2 Market by Form
12.3 Market by Source
12.4 Market by End Use
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2023)
12.5.1.2 Forecast Trend (2024-2032)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2023)
12.5.2.2 Forecast Trend (2024-2032)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2023)
12.5.3.2 Forecast Trend (2024-2032)
12.5.4 Others
13 Middle East and Africa Sugar Market Analysis
13.1 Market by Type
13.2 Market by Form
13.3 Market by Source
13.4 Market by End Use
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2023)
13.5.1.2 Forecast Trend (2024-2032)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2023)
13.5.2.2 Forecast Trend (2024-2032)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2023)
13.5.3.2 Forecast Trend (2024-2032)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2023)
13.5.4.2 Forecast Trend (2024-2032)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 1701)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Cosan S.A.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 AB Sugar
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Südzucker AG
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Nordzucker AG
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 COFCO International
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Tereos Group
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Mitr Phol Group
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Dalmia Bharat Sugar and Industries Limited
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Louis Dreyfus Company
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Wilmar International Ltd
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 The Savola Group
18.2.11.1 Company Overview
18.2.11.2 Product Portfolio
18.2.11.3 Demographic Reach and Achievements
18.2.11.4 Certifications
18.2.12 E.I.D. - Parry (India) Limited
18.2.12.1 Company Overview
18.2.12.2 Product Portfolio
18.2.12.3 Demographic Reach and Achievements
18.2.12.4 Certifications
18.2.13 Rusagro Group
18.2.13.1 Company Overview
18.2.13.2 Product Portfolio
18.2.13.3 Demographic Reach and Achievements
18.2.13.4 Certifications
18.2.14 Thai Roong Ruang Sugar Group
18.2.14.1 Company Overview
18.2.14.2 Product Portfolio
18.2.14.3 Demographic Reach and Achievements
18.2.14.4 Certifications
18.2.15 Cargill, Incorporated
18.2.15.1 Company Overview
18.2.15.2 Product Portfolio
18.2.15.3 Demographic Reach and Achievements
18.2.15.4 Certifications
18.2.16 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sugar Market: Key Industry Highlights, 2018 and 2032
2. Global Sugar Historical Market: Breakup by Type (MMT), 2018-2023
3. Global Sugar Market Forecast: Breakup by Type (MMT), 2024-2032
4. Global Sugar Historical Market: Breakup by Form (MMT), 2018-2023
5. Global Sugar Market Forecast: Breakup by Form (MMT), 2024-2032
6. Global Sugar Historical Market: Breakup by Source (MMT), 2018-2023
7. Global Sugar Market Forecast: Breakup by Source (MMT), 2024-2032
8. Global Sugar Historical Market: Breakup by End Use (MMT), 2018-2023
9. Global Sugar Market Forecast: Breakup by End Use (MMT), 2024-2032
10. Global Sugar Historical Market: Breakup by Region (MMT), 2018-2023
11. Global Sugar Market Forecast: Breakup by Region (MMT), 2024-2032
12. North America Sugar Historical Market: Breakup by Country (MMT), 2018-2023
13. North America Sugar Market Forecast: Breakup by Country (MMT), 2024-2032
14. Europe Sugar Historical Market: Breakup by Country (MMT), 2018-2023
15. Europe Sugar Market Forecast: Breakup by Country (MMT), 2024-2032
16. Asia Pacific Sugar Historical Market: Breakup by Country (MMT), 2018-2023
17. Asia Pacific Sugar Market Forecast: Breakup by Country (MMT), 2024-2032
18. Latin America Sugar Historical Market: Breakup by Country (MMT), 2018-2023
19. Latin America Sugar Market Forecast: Breakup by Country (MMT), 2024-2032
20. Middle East and Africa Sugar Historical Market: Breakup by Country (MMT), 2018-2023
21. Middle East and Africa Sugar Market Forecast: Breakup by Country (MMT), 2024-2032
22. Major Importing Countries by Volume
23. Major Exporting Countries by Volume
24. Major Importing Countries by Value
25. Major Exporting Countries by Value
26. Global Sugar Market Structure

Companies Mentioned

  • Cosan S.A.
  • AB Sugar
  • Südzucker AG
  • Nordzucker AG
  • COFCO International
  • Tereos Group
  • Mitr Phol Group.
  • Dalmia Bharat Sugar and Industries Limited
  • Louis Dreyfus Company
  • Wilmar International Ltd
  • The Savola Group
  • E.I.D. – Parry (India) Limited
  • Rusagro Group
  • Thai Roong Ruang Sugar Group
  • Cargill Incorporated.

Methodology

Loading
LOADING...