The size of the Global Industrial Sugar Market is anticipated to grow from USD 48.64 billion in 2024 to USD 60.90 billion by 2029 to growing at a CAGR of 4.60 % from 2024 to 2029.
Sugar is one of the most important commodities worldwide, as it is widely consumed in a variety of different foodstuffs. Sugar is considered one of the most important commodities and is produced and consumed around the world, of which around 70% of production is consumed in domestic markets and only 30% is traded in the international markets.
The Industrial Sugar Market is driven by factors such as rise in average international prices and importance of international trade, value addition of products from sugar cane by focusing on emerging by-products through integrated sugar complexes, expanding sugar crop production, growth in the industrial beet sugar market, consumption of packed food & beverage items, and the usage of sugar in healthy products such as low-calorie bakery and confectionery products.
Bet that as it may, alternate sweeteners and water consuming monoculture production of industrial sugar are the major restraints of the industrial sugar market as this requires a lot of space for production of sugar, resulting in the destruction of natural rainforests, mangroves, and reduction in the areas of polyculture production.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
4.6 % |
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Segments Covered |
By Type, Form, Application, Source & Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Cargill Incorporated, Archer Daniel Midland, Raizen SA, Sudzucker AG, Tereos, Nordzucker Group AG, Tongaat Hulett Group, Illovo Sugar (Pty) Ltd, Dangote Group, E.I.D Parry Limited. |
Factors such as rising demand for confectionery products, growing retail market, and expansion of product portfolio are driving the demand for industrial sugar globally. Changing consumer preferences about different products has led to an upsurge in the consumption of different food and beverage products globally.
The granulated form is the most extensive type of industrial sugar used globally. This crystallized form of sugar is also used as a preservative for different end-use applications such as candied fruits, jams, and marmalades; thereby, increasing its functionality and driving its consumption.
Confectionery is the largest and fastest-growing segment during the forecast period due to its use in a wide variety of applications and consumption of confectionery products such as marmalade, chewing gum, sweets, candied nuts, chocolates, and chewing gum. The growing population and technological advancements in developing economies are expected to contribute extensively to the growth of the global industrial sugar market.
Asia Pacific held the largest share of the market and is expected to grow at the highest rate. The growth in food consumption has been propelled by rapid urbanization and increased disposable incomes accompanied by a significant structural and dietary shift from staples to packed food items in developing economies.
India is one of the largest consumers of industrialized sugar and is projected to grow over a period of time as compared to other regions India and China are the largest producer of sugar in this region. Brazil is the largest producer of sugar worldwide. Higher industrial sugar production in this region is attributed to the tropical climate favourable for sugarcane crop production.
Key Players in Global Industrial Sugar Market are Cargill Incorporated, Archer Daniel Midland, Raizen SA, Sudzucker AG, Tereos, Nordzucker Group AG, Tongaat Hulett Group, Illovo Sugar (Pty) Ltd, Dangote Group, E.I.D Parry Limited.
By Type
By Form
By Application
By Source
By Region
Frequently Asked Questions
Industrial sugar refers to sugar produced for commercial and industrial purposes, rather than for direct consumer use. It includes various types of sugar used in food and beverage manufacturing, pharmaceuticals, cosmetics, and other industrial applications.
Price volatility: Fluctuations in sugar prices due to factors such as weather conditions, crop diseases, and government policies pose challenges for sugar producers, processors, and buyers.
Health and regulatory concerns: Public health campaigns, sugar taxes, and regulatory measures aimed at reducing sugar consumption create challenges for the sugar industry.
Granulated sugar: Regular white sugar used in baking, confectionery, and food processing.
Liquid sugar: Syrups and solutions used in beverage production, baking, and industrial applications.
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