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Sugar Market Size, Share, Price, Trends, Analysis, Key Players, Reports and Forecasts 2023-2028

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Published May 4, 2023

“global sugar market priceReport and Forecast 2023-2028” presents a broad outlook of the global sugar market, evaluating the market based on segments such as type, form, source, end-use and key regions.

This report examines the latest updates in the market and their impact on the overall market. It also analyzes market demand along with price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces model.

Sugar Market Size, Trends, Industry Reports, Key Players, Major Segments and Forecasts

Key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2022): 178.52 million tons
  • Forecast CAGR (2023-2028): 1%
  • Forecast Market Size (2028): 189.5 million tons

The global sugar market is primarily driven by rising consumer demand for sweetened processed foods and the use of sugar in homemade food preparations. The growing popularity of carbonated soft drinks with added sugar has contributed significantly to the expansion of the sugar market. The global market for sugar is expected to expand in the coming years, owing to the increasing trend of young people toward sugar confectionery, chocolate and chewing gum.

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Demand for sugar is also expected to increase in the pharmaceutical industry as it is an integral part of the manufacturing process for cough syrups and various antibiotics. It also addresses areas. Sugar also plays an important role in preventing large ice crystals from forming in frozen foods.

Growing consumer demand for after-meal sweets and desserts is driving the growth of the sugar market. In many countries, premium confectionery is considered a high-quality product and gift-giving is a fairly common practice, so the sugar market is projected to thrive.

Sugar industry definition and major segments

Sugar is a sweet, crystalline food additive extracted from sugar cane and sugar beets. It is used as a sweetener in many foods such as sweets, confectionery and carbonated drinks. Furthermore, the demand for it at home is increasing, and it has a huge market due to its wide range of uses.

Based on type, the market is segmented into:

Based on morphology, the market is segmented into:

Based on source, the market is differentiated into:

Based on end use, the market is segmented as follows:

  • food and beverage
  • Pharmaceutical and personal care
  • home
  • others

Based on region, the market is segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • latin america
  • Middle East and Africa

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sugar market trends

An important trend in the global sugar market is the increasing popularity of processed and ready-to-eat foods containing sugar around the world. Rising disposable incomes for people, coupled with a thriving e-commerce sector, are driving a surge in demand for sugary foods. The demand for sugar is increasing due to the increasing use of sugar in marmalade and candied fruits for food preservation. Apart from acting as a sweetener, sugar is of primary importance in the formation of alcohol through the alcoholic fermentation process.

Due to rapid urbanization and surging demand for sugar, this market is showing signs of constant growth. Raw materials for sugar are widely available in tropical and subtropical regions, making its manufacturing process ideal. Although healthier alternatives to sugar such as jaggery, stevia and honey have become popular in the market, a large portion of the population is still dependent on sugar, either directly or indirectly. We are focused on bringing new innovations to the global market to drive confectionery sales that will further drive market growth.

major market players

Major Players of the Global Sugar Market Report are Cosan SA, 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. Savola Group, EID – Parry (India) Limited, LLC Rusagro Group of Companies, Thai Roong Ruang Sugar Group, Cargill, Incorporated, etc.

The report covers market shares, production capacities, factory turnarounds, expansions, investments, mergers and acquisitions, among other latest developments for these market players.

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about us:

Expert Market Research (EMR) is a leading market research firm with clients around the world. Through comprehensive data collection and skillful analysis and interpretation of data, the company can provide customers with extensive, up-to-date and actionable market information, make informed and intelligent decisions, and strengthen its market position. will do so. Our customer base ranges from Fortune 1000 companies to small businesses.

EMR customizes syndicated reports according to client requirements and expectations. The company operates in over 15 prominent industry sectors including food & beverages, chemicals & materials, technology & media, consumer goods, packaging, agriculture and pharmaceuticals.

that’s all 3000 EMR consultants In addition, over 100 analysts provide up-to-date, relevant, accurate and actionable business strategies to help clients formulate effective, well-informed and intelligent business strategies to secure market leadership. We work hard to ensure that only relevant industry information is available.

Media contact:

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