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Albeit facing competition due to the presence of a number of low-calorie sweeteners, sugar still remains the preferable commodity for the majority of people across the world. The functional properties of sugar have helped expand its applications in the food and beverage industry. It is used in the pharmaceutical industry for its solubility effects in cough syrups and tablets. Factors such as rising population, increasing disposable incomes, flourishing food and beverage sectors and growing consumption of sugar in emerging regions have also contributed to the growth of the global sugar market. According to a new report by Expert Market Research, the market reached a consumption volume of 181.20 Million Tons in 2020 and is further expected to reach 201.68 Million Tons by 2026.
Key findings from the report:
Expert Market Research has analysed the global sugar market according to source, end-use, major countries and top players:
Market breakup by Source
- Sugar Cane
- Sugar Beet
Market breakup by End-use
- Household Consumption
- Bakery and Confectionery
- Ice cream & Dairy products
Market breakup by Major Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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