Global sugar market is anticipated to grow at a CAGR of 8.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand for sugar as a sweetening agent and food ingredient in various industries such as food and beverage, confectionery, bakery, and pharmaceuticals. Sugar is a key component in numerous food and beverage products, ranging from soft drinks and candies to baked goods and sauces. Additionally, population growth, rising disposable incomes, and changing consumer lifestyles, especially in emerging economies, are driving the demand for sugar-based products. Moreover, the growing popularity of convenience foods and the expansion of the food processing industry are further boosting the demand for sugar.
In January 2023, Wilmar International decided to extend its joint venture partnership with the Adani Group, a move aimed at augmenting the sales of consumer food products. This commitment underscores Wilmar International’s dedication to expanding its market presence and catering to the evolving needs of consumers across diverse markets.
In August 2023, Sugar Refinery Sdn Bhd (CSR) launched its latest product, Better White Clear White Sugar, aiming to reinforce its position as Malaysia’s premier sugar specialist. This introduction follows the success of CSR’s Better Brown variant, which was introduced in 2018 to promote healthier sugar consumption and has since dominated 78.0% of the brown sugar segmentation in Malaysia. Better White aims to meet rising consumer expectations by offering high-quality sugar products at fair prices.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product Type
- By Form
- By Source
- By End-Use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Associated British Foods plc, Wilmar International Ltd., Dalmia Bharat Sugar and Industries Limited, and Rajshree Sugars & Chemicals Ltd., among others.
Sugar Market Report Segment
By Product Type
- White Sugar
- Brown Sugar
- Liquid Sugar
By Form
- Granulated Sugar
- Powdered Sugar
- Syrup Sugar
By Source
- Sugarcane
- Sugar Beet
By End-Use
- Food & Beverages
- Pharmaceuticals
- Personal Care
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Sugar Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Al Khaleej Sugar
- American Crystal Sugar Company
- Bajaj Hindusthan Sugar Ltd.
- Bannari Amman Group
- Cargill, Inc.
- Dalmia Bharat Sugar and Industries Limited
- Dhampur Bio Organics Ltd.
- Dhanraj Sugars Pvt. Ltd.
- Imperial Sugar Company
- Lantic Inc.
- Louis Dreyfus Holding B.V.
- Michigan Sugar Company
- Mitr Phol Group
- Nile Sugar
- Nordzucker AG
- Raizen
- Rajshree Sugars & Chemicals Ltd. (RSCL)
- Shree Renuka Sugars Ltd.
- Südzucker AG
- Tereos
- Thai Roong Ruang Sugar Group
- Thai Sugar Group Co., Ltd.
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