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Global Sugar Market Share, Growth, Outlook, Forecast: By Type: White, Brown, Liquid; By Form: Granulated, Powdered, Syrup; By Source: Sugar Beet, Sugarcane; By End Use: Food and Beverages, Pharma and Personal Care, Household, Others; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Sugar Market Outlook
The global sugar market attained a consumption volume of about 178.52 million tons in 2022. The market is expected to grow at CAGR of 1% in the forecast period of 2023-2028 to reach a volume of 189.50 million tons by 2028.
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The increasing demand for clean-labelled bakery and confectionary products is likely to influence the sugar market forecast dynamics in the forecast period. In addition, the thriving e-commerce sector, rising purchasing power of the population and increasing research and development activities by the major food manufacturers are expected to be the crucial sugar market trends. Meanwhile, the increasing demand for sugar in households is further adding to the global sugar market value. This can be attributed to the increasing popularity of home-made pastries, cakes, sweet rolls, and pies, among other dessert or bakery products. Furthermore, the rising demand for sports drinks among athletes are likely to lead to product innovations which are the industrial sugar market trends.
Rising standards of living and increasing purchasing power in the emerging economies which usually leads to higher consumption of processed foods such as dairy, soft drinks, etc., which have high sugar content are expanding the sugar industry market share. Additionally, the increasing penetration of sugar in premium packaged beverages and solid processed foods is expanding the global sugar market size. This report by Expert Market Research entitled “Sugar Market Report and Forecast 2023-2028” provides a comprehensive analysis and sugar market outlook for anyone who plans to foray into the sector. The sugar market details have been provided from 2018-2022 and forecasts have been presented till 2028. On a regional level, Latin America currently represents the largest producer and the Asia Pacific the largest consumer of sugar. On the basis of product type, the global sugar market has been bifurcated into the product derived from sugar cane and sugar beet. For each of these types, the report has provided both historical and future market trends. Additionally, the report has analysed the global sugar market on the basis of end-use. According to the global sugar market report, industrial usage (beverages, bakery and confectionary products) represents the biggest end-use sugar market share.
Properties and Applications
Sugar is a sweet, crystalline food supplement mainly extracted from sugar beet and sugar cane. It is a food additive which is used in all kind of drinks and foodstuffs. Sugar is sweet, soluble in water, provide nutrition and energy, and enhance the colour and texture of a food.
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The sugar market is segmented on the basis of type into:
- White
- Brown
- Liquid
On the basis of form, the market is categorised into:
- Granulated
- Powdered
- Syrup
On the basis of source, the market is bifurcated into:
- Sugar Beet
- Sugarcane
On the basis of end use, the market is segregated into:
- Food and Beverages
- Pharma and Personal Care
- Household
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The value chain analysis of sugar has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the global sugar market analysis based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the industry has also been provided.
This report provides an exhaustive insight for setting-up and running a manufacturing plant for the product. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global sugar market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- 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
- LLC Rusagro Group of Companies.
- THAI ROONG RUANG SUGAR GROUP
- Cargill, Incorporated.
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the sugar industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry-specific data to produce its industry forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Form |
|
| Breakup by Source |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Sugar Market Analysis
8.1 Key Industry Highlights
8.2 Global Sugar Historical Market (2018-2022)
8.3 Global Sugar Market Forecast (2023-2028)
8.4 Global Sugar Market by Type
8.4.1 White
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Brown
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Liquid
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Sugar Market by Form
8.5.1 Granulated
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Powdered
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Syrup
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Sugar Market by Source
8.6.1 Sugar Beet
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Sugarcane
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Sugar Market by End Use
8.7.1 Food and Beverages
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Pharma and Personal Care
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Household
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Sugar Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Project Details and Cost Analysis
15.1 Land, Location and Site Development
15.2 Construction
15.3 Plant Layout
15.4 Plant Machinery
15.5 Raw Material Requirement
15.6 Packaging
15.7 Transportation
15.8 Utilities
15.9 Manpower
15.10 Other Capital Investment
16 Loans and Financial Assistance
17 Project Economics
17.1 Capital Cost of Project
17.2 Techno-Economic Parameters
17.3 Product Pricing and Margins
17.4 Taxation and Depreciation
17.5 Income Projections
17.6 Expenditure Projections
17.7 Financial Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Key Players' Market Share
18.3 Company Profiles
18.3.1 Cosan S.A.
18.3.1.1 Company Overview
18.3.1.2 Product Portfolio
18.3.1.3 Demographic Reach and Achievements
18.3.1.4 Financial Summary
18.3.1.5 Certifications
18.3.2 AB Sugar
18.3.2.1 Company Overview
18.3.2.2 Product Portfolio
18.3.2.3 Demographic Reach and Achievements
18.3.2.4 Financial Summary
18.3.2.5 Certifications
18.3.3 Südzucker AG
18.3.3.1 Company Overview
18.3.3.2 Product Portfolio
18.3.3.3 Demographic Reach and Achievements
18.3.3.4 Financial Summary
18.3.3.5 Certifications
18.3.4 Nordzucker AG
18.3.4.1 Company Overview
18.3.4.2 Product Portfolio
18.3.4.3 Demographic Reach and Achievements
18.3.4.4 Financial Summary
18.3.4.5 Certifications
18.3.5 COFCO International
18.3.5.1 Company Overview
18.3.5.2 Product Portfolio
18.3.5.3 Demographic Reach and Achievements
18.3.5.4 Financial Summary
18.3.5.5 Certifications
18.3.6 Tereos Group
18.3.6.1 Company Overview
18.3.6.2 Product Portfolio
18.3.6.3 Demographic Reach and Achievements
18.3.6.4 Financial Summary
18.3.6.5 Certifications
18.3.7 Mitr Phol Group.
18.3.7.1 Company Overview
18.3.7.2 Product Portfolio
18.3.7.3 Demographic Reach and Achievements
18.3.7.4 Financial Summary
18.3.7.5 Certifications
18.3.8 Dalmia Bharat Sugar And Industries Limited
18.3.8.1 Company Overview
18.3.8.2 Product Portfolio
18.3.8.3 Demographic Reach and Achievements
18.3.8.4 Financial Summary
18.3.8.5 Certifications
18.3.9 Louis Dreyfus Company
18.3.9.1 Company Overview
18.3.9.2 Product Portfolio
18.3.9.3 Demographic Reach and Achievements
18.3.9.4 Financial Summary
18.3.9.5 Certifications
18.3.10 Wilmar International Ltd
18.3.10.1 Company Overview
18.3.10.2 Product Portfolio
18.3.10.3 Demographic Reach and Achievements
18.3.10.4 Financial Summary
18.3.10.5 Certifications
18.3.11 The Savola Group
18.3.11.1 Company Overview
18.3.11.2 Product Portfolio
18.3.11.3 Demographic Reach and Achievements
18.3.11.4 Financial Summary
18.3.11.5 Certifications
18.3.12 E.I.D. – Parry (India) Limited
18.3.12.1 Company Overview
18.3.12.2 Product Portfolio
18.3.12.3 Demographic Reach and Achievements
18.3.12.4 Financial Summary
18.3.12.5 Certifications
18.3.13 LLC Rusagro Group of Companies.
18.3.13.1 Company Overview
18.3.13.2 Product Portfolio
18.3.13.3 Demographic Reach and Achievements
18.3.13.4 Financial Summary
18.3.13.5 Certifications
18.3.14 Thai Roong Ruang Sugar Group
18.3.14.1 Company Overview
18.3.14.2 Product Portfolio
18.3.14.3 Demographic Reach and Achievements
18.3.14.4 Financial Summary
18.3.14.5 Certifications
18.3.15 Cargill, Incorporated.
18.3.15.1 Company Overview
18.3.15.2 Product Portfolio
18.3.15.3 Demographic Reach and Achievements
18.3.15.4 Financial Summary
18.3.15.5 Certifications
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Sugar Market: Key Industry Highlights, 2018 and 2028
2. Global Sugar Historical Market: Breakup by Type (Million Tons), 2018-2022
3. Global Sugar Market Forecast: Breakup by Type (Million Tons), 2023-2028
4. Global Sugar Historical Market: Breakup by Form (Million Tons), 2018-2022
5. Global Sugar Market Forecast: Breakup by Form (Million Tons), 2023-2028
6. Global Sugar Historical Market: Breakup by End Use (Million Tons), 2018-2022
7. Global Sugar Market Forecast: Breakup by End Use (Million Tons), 2023-2028
8. Global Sugar Historical Market: Breakup by Source (Million Tons), 2018-2022
9. Global Sugar Market Forecast: Breakup by Source (Million Tons), 2023-2028
10. Global Sugar Historical Market: Breakup by Region (Million Tons), 2018-2022
11. Global Sugar Market Forecast: Breakup by Region (Million Tons), 2023-2028
12. North America Sugar Historical Market: Breakup by Country (Million Tons), 2018-2022
13. North America Sugar Market Forecast: Breakup by Country (Million Tons), 2023-2028
14. Europe Sugar Historical Market: Breakup by Country (Million Tons), 2018-2022
15. Europe Sugar Market Forecast: Breakup by Country (Million Tons), 2023-2028
16. Asia Pacific Sugar Historical Market: Breakup by Country (Million Tons), 2018-2022
17. Asia Pacific Sugar Market Forecast: Breakup by Country (Million Tons), 2023-2028
18. Latin America Sugar Historical Market: Breakup by Country (Million Tons), 2018-2022
19. Latin America Sugar Market Forecast: Breakup by Country (Million Tons), 2023-2028
20. Middle East and Africa Sugar Historical Market: Breakup by Country (Million Tons), 2018-2022
21. Middle East and Africa Sugar Market Forecast: Breakup by Country (Million Tons), 2023-2028
22. Major Importing Countries by Volume (2020)
23. Major Exporting Countries by Volume (2020)
24. Major Importing Countries by Value (2020)
25. Major Exporting Countries by Value (2020)
26. North America Historical Price Trends and Forecast 2018-2028
27. Europe Historical Price Trends and Forecast 2018-2028
28. Asia Pacific Historical Price Trends and Forecast 2018-2028
29. Latin America Historical Price Trends and Forecast 2018-2028
30. Middle East and Africa Historical Price Trends and Forecast 2018-2028
31. Global Sugar Market Structure
Key Questions Answered in the Report
The market reached a volume of USD 178.52 million tons in 2022.
The market is estimated to grow at a CAGR of 1% in the forecast period of 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a volume of 189.50 million tons by 2028.
The increasing demand for clean-labelled sweet solid and liquid food products, increasing penetration of sugar in home-made food preparations, and increasing popularity of sports drinks among athletes, are the major drivers of the sugar market.
The key trends in the market include the thriving e-commerce sector which is fuelling the sale of premium packaged sugary food products, rising disposable income, and growing research and development activities in the pharmaceutical sector.
White, brown, and liquid are the different segments of the market based on type.
Granulated, powdered, and syrup are the segments of the market based on form.
Sugar can be unhealthy if consumed in large amounts. If consumed in a responsible manner, sugar can boost energy level, counter depression, and lighten your skin tone.
Yes, sugar is a matter of taste which can make food easy to eat, but it is not necessary for the human body.
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, LLC Rusagro Group of Companies., THAI ROONG RUANG SUGAR GROUP, and Cargill, Incorporated., are the key market players, according to the report.
Analyst Review
The global sugar market attained a consumption volume of 178.52 million tons in 2022 driven by rising standards of living and increasing purchasing power in the emerging economies. Aided by the growing consumption of beverages containing sugar and introduction of new food and beverages, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 1%. The market is projected to reach 189.50 million tons by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global sugar market can be segmented into white, brown, and liquid. On the basis of forms, the industry is segmented into granulated, powdered, and syrup. On the basis of sources, the industry is bifurcated into sugar beet and sugarcane. On the basis of end uses, the industry is divided into food and beverages, pharma and personal care, household, and others. The major regional markets for sugar are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include 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, LLC Rusagro Group of Companies., THAI ROONG RUANG SUGAR GROUP, Cargill, Incorporated., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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