Sugar News in English

Sugar Market Size is Expected to Reach 223.1 Million Tons By 2033 | CAGR: 1.36%

Source open PR

Posted on December 25, 2024

Share

Tweet

Share

Share

Email

Comments

𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐮𝐠𝐚𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: 𝐊𝐞𝐲 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝟐𝟎𝟐𝟓-𝟐𝟎𝟑𝟑

𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

● The global sugar market size reached 194.9 Million Tons in 2024.
● The market is expected to reach 223.1 Million Tons by 2033, exhibiting a growth rate CAGR of 1.36% during 2025-2033.
Brazil leads the market, accounting for the largest sugar market share.
● White sugar accounts for the majority of the market share in the product type segment due to its versatility, high demand in processed foods, and global acceptance as a standard sweetener. 
● Granulated sugar holds the largest share in the sugar industry.
● Food and beverages represent the leading end-use segment.
● Sugarcane exhibits a clear dominance in the market.
● The rise in global demand for processed and packaged food items is a primary driver of the sugar market.
● Technological advancements in sugar cane cultivation and processing are reshaping the sugar market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/sugar-manufacturing-plant/requestsample

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

● 𝐑𝐢𝐬𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐝 𝐚𝐧𝐝 𝐏𝐚𝐜𝐤𝐚𝐠𝐞𝐝 𝐅𝐨𝐨𝐝𝐬:

The growth of the market is attributed by the rising populance of processed and packaged foods. A busy lifestyle associated with increasing urbanization, also because people’s lives are becoming faster and faster, they consume more food that can be easily consumed, such as snacks, processed foods, and beverages, often with added sugar. Also, the daily consumption of sweetened drinks, bakery products and confectionery products both in developed and the developing economy contributes to the daily intake of sugar. Such a change is especially significant concerning the areas where the growth of the middle income population base is increasing the demand for these goods. Besides, the globalization of the F&B industry together with shifts in diets is also promoting the production of large volumes of food and beverage products that require use of sugar.

● 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐔𝐬𝐞 𝐨𝐟 𝐒𝐮𝐠𝐚𝐫 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐢𝐨𝐟𝐮𝐞𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

The raw materials for biofuel production, especially ethanol, has pushed up their demand by incorporating sugar in their manufacture. Sugarcane is one of the raw materials in the preparing countries for ethanol production. The changing focus to the use of clean energy and low-polluting fuels has made ethanol a feasible option with large consumption raising the demand for sugarcane. The global drive towards sustainability and the decrease in the emission of carbon compounds also plays to this by making available incentives for the production of ethanol. With increasing focus on biofuels due to changing oil prices and the formulation of the environmental legislations, and stiff market competition, the sugar market finds a new market outlet for the sale of the sugar in the production of sugar-based ethanol.

● 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐬 𝐢𝐧 𝐒𝐮𝐠𝐚𝐫𝐜𝐚𝐧𝐞 𝐂𝐮𝐥𝐭𝐢𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:

Development in technology in the production of sugarcane is providing a great push to the productivity factor which is a factor that has influenced the market growth. Sugarcane production is made efficient by use of modern methods such as drip irrigation, precision farming and use of high yield sugarcane. Also, there has been a major innovation in the methods of milling and refining since the extraction rate improves and decreases the cost of production. This helps producers expand capacity, to tap the increasing international market, and to increase its revenues. In many of these markets there is government aid in the form of subsidies together with research into efficiency of crops which has enhanced productivity in the sugar industry. All these technological advances are letting the sugar producers remain relevant while at the same time serve the growing market base for commodities derived from sugar.

𝐒𝐮𝐠𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

● White Sugar
● Brown Sugar
● Liquid Sugar

White sugar represents the largest segment due to its versatility, high demand in processed foods, and global acceptance as a standard sweetener.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐅𝐨𝐫𝐦:

● Granulated Sugar
● Powdered Sugar
● Syrup Sugar

Granulated sugar holds the biggest market share owing to its ease of handling, long shelf life, and wide application in cooking, baking, and industrial processes.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞 𝐒𝐞𝐜𝐭𝐨𝐫:

● Food and Beverages
● Pharma and Personal Care
● Household

Food and beverages account for the majority of the market share as they rely heavily on sugar as a key ingredient in the production of a vast array of products, from confectioneries to soft drinks. 

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐒𝐨𝐮𝐫𝐜𝐞:

● Sugarcane
● Sugar Beet

Sugarcane represents the leading segment. It is the most efficient and widely cultivated crop for sugar production, offering higher yields and cost-effectiveness compared to sugar beet.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa

Brazil’s dominance in the market is attributed to its favorable climate, large sugarcane plantations, and well-established processing infrastructure.

𝐓𝐨𝐩 𝐒𝐮𝐠𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

The sugar market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

● Suedzucker AG
● Tereos
● Cosan
● Mitr Phol Sugar Corporation., Ltd.
● Associated British Foods
● Nordzucker AG
● Biosev (Louis-Dreyfus)
● Wilmar International Limited
● Thai Roong Ruang Group

To read more about  Sugar Industry  continue reading Agriinsite.com

Source : Open PR