Press Release
Press Release
The global sugar production reached 175.3 million tons during FY 2022/23, according to USDA. The total exports reached USD 224.28 million in 2022. The top leading exporters of refined cane or beet sugar are India, the United States, and Germany, among others. The following chart shows the top 5 exporters of refined cane or beet sugar.
Fig: Top 5 exporting countries for refined cane or beet sugar, 2022, USD Million
The increasing global population is driving an increase in the demand for sugar. The household consumption of sugar is contributing to the overall market value, reflecting the growing preference for homemade bakery products. According to the United Nations, the global population is expected to reach 9.8 billion by 2050, which is currently only 8 billion.
Moreover, the expansion of the sugar market is propelled by rising living standards and increased purchasing power in emerging economies. These factors lead to heightened consumption of processed foods, including those with high sugar content such as dairy products and soft drinks. Furthermore, premium packaged beverages and solid processed foods are witnessing an increased penetration of sugar, contributing to the overall expansion of the market.
Asia Pacific and North America are expected to hold a significant share due to the growing population and surge in consumption of processed food in these regions. Additionally, the rising demand for flavoured beverages and carbonated drinks contributes to the sugar demand.
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The major players in the global sugar market are 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, and Cargill, Incorporated, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Form |
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Breakup by Source |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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