Global Sugar Market Size, Share, Opportunities, And Trends By Product Type (Granular, Powder, Liquid), By Application (Dairy, Beverages, Confectionary & Bakery, Processed Food, Others), And By Geography - Forecasts From 2025 To 2030

Sugar Market Size:

The global sugar market is projected to grow at a CAGR of 2.48% to reach US$76.698 billion by 2030 from US$67.869 billion in 2025.

Sugar Market Analysis:

Sugar is among the most fundamental food components around the world. Universally, sugar has various applications, such as a sweetener, preservative, fermentation substance, flavoring & coloring agent, and numerous more. It is usually obtained from sucrose, which is primarily concentrated in sugarcane plants or sugar beets. The application of sugar is basically in the pharmaceutical and food & beverage industry. Powdered sugar is generally utilized for baking and flavoring by bakeries. In contrast, granulated sugar is the most used sugar form globally, used in residential populations and various commercial outlets. Liquid sugar is commonly used by food processors to add flavors and texture to products.

One of the major drivers for the increasing market measure of the global sugar industry can be the increase in the global trade of sugar. With its application across different businesses like food, beverages, and the pharmaceutical industry, the demand for sugar globally has witnessed an enormous increase. The US Department of Agriculture, Foreign Agricultural Service data on the export of raw sugar from different nations expressed that the worldwide trade of raw sugar saw a consistent rise, particularly in nations like Brazil, India, Thailand, and Australia, among others. In 2021-22, the export of raw sugar in Brazil was recorded at 25,950 thousand million tons, which developed to approximately 28,200 thousand million tons in 2022-23.

Similarly, Thailand's and India's raw sugar exports increased in a similar time period. In 2022-23, Thailand's total export of raw sugar was about 6,871 million tons, and India's was 8,303 million tons.

Moreover, the global sugar market is estimated to grow moderately, fueled by the growing sugar production and the increasing consumption of confectionery and processed products worldwide. This fuels the demand for market expansion. In addition, favorable government regulations and guidelines for sugar farmers will propel the sugar industry’s growth and are expected to pave the way for future market expansion.

Sugar Market Growth Drivers:

• The rising global demand for food and beverages is anticipated to boost the demand for sugar globally.

The major factor for the increment within the worldwide sugar market is the rising demand for food and beverage items globally. In the food and beverage industry, sugars are utilized for diverse purposes, such as improving the taste, sweetness, and texture of the products. They moreover act as a preservative that increases the shelf life of the items. Additionally, the global demand for food and beverage items will grow multifold with the rise in the population worldwide.

The growth in the global manufacturing of food and beverage items is anticipated to push the demand for sugar forward in the anticipated period. The Canadian Agriculture and Agri-Food data stated that the food and beverage processing industry is among the largest manufacturing industries in the country, which accounts for around 18.2% of the total manufacturing sales within the country. In Canada, beverage manufacturing accounted for about US$14.9 billion in 2022, whereas sugar and confectionery manufacturing in 2022 accounted for about US$5.2 billion in 2022.

Additionally, fruit and vegetable preservation and manufacturing comprised about US$10.2 billion in the same year. With the inclusion of different sweetener-based products, the share of sugar and confectionery is anticipated to rise, thereby propelling the growth of the sugar industry in the coming years.

Sugar Market Geographical Outlook:

• The United States region is predicted to contribute significantly to market growth.

The development of the sugar industry in developed economies such as the United States will be affected in a substantial way by the expansion of various government initiatives within the nation. For instance, as per the report of the United States Government Accountability Office (GAO) in 2023, the U.S. sugar program under the administration of the USDA has resulted in various benefits for sugar producers nationwide. This is primarily due to the program offering high costs to farmers for domestic sugar production, in this manner making businesses operated under the sugar farms more beneficial in the long term compared to other farms in the region.

Further, measures such as sugar loans are promoted in the country, which is anticipated to provide lucrative prospects for domestic sugarcane and sugar beet processors. This will propel the total sales under these categories, thereby supporting market growth. For instance, in the 2021 crop year, according to the USDA, the total sales stood at US$1.8 billion for sugar beet and around US$1.5 billion for sugarcane, respectively.

Moreover, the advanced products provided by major companies in the nation are anticipated to boost market expansion in the years ahead. For example, U.S. Sugar is a well-known company in South Florida, well known for its sweet corn, sugarcane, and citrus items. It accounts for about 10% of all the sugar produced in the United States. Further, strategic mergers and collaborations are also aiding in the market growth. For instance, U.S. Sugar announced in March 2021 that it had agreed to buy the business and resources of Imperial Sugar Company, a port refiner with business in Georgia and Kentucky, from Louis Dreyfus Company.

Additionally, according to USDA estimates, sugar imports have increased multifold, contributing significantly to the sugar market during the forecast period. For instance, in 2023, the sugar imports reached around 3119 (thousand metric tons) from 2922 (thousand metric tons) in 2020. Therefore, the import-export trade will grow in the coming years, fuelled by rising sugar demand in the country.

Sugar Market Key Players:

• Cargill, Incorporated- Cargill, Incorporated is one of the global leaders in the sugar industry, providing a wide range of products to meet the requirements of all end users. It strives to emerge as a strategic business partner for various key Industries to supply as per their sugar needs.
• Raizan SA - Raizan SA is a key producer of sugar and related products, with a major presence in Brazilian and international markets.
• Archer Daniels Midland (ADM) - Archer Daniels Midland is a leading manufacturer, providing a comprehensive range of sugar and sweetener products. The company's products are well known for their reliability and quality.

Sugar Market Scope:

The Global Sugar Market is segmented and analyzed as below:

• By Product Type
  • Granular
  • Powder
  • Liquid
• By Application
  • Dairy
  • Beverages
  • Confectionary & Bakery
  • Processed Food
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Columbia
    • Venezuela
    • Ecuador
    • Peru
    • Others
  • Europe
    • Austria
    • Belgium
    • Bulgaria
    • Czech Republic
    • Denmark
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Russia
    • Slovakia
    • Slovenia
    • Spain
    • Sweden
    • UK
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Turkey
    • Morocco
    • Ethiopia
    • Algeria
    • Egypt
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Philippines
    • Indonesia
    • Vietnam
    • Malaysia
    • Thailand

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst view 

5. GLOBAL SUGAR MARKET BY PRODUCT TYPE 

5.1. Introduction

5.2. Granular

5.3. Powder

5.4. Liquid

6. GLOBAL SUGAR MARKET BY APPLICATION 

6.1. Introduction

6.2. Dairy

6.3. Beverages

6.4. Confectionary & Bakery

6.5. Processed Food

6.6. Others

7. GLOBAL SUGAR MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Product Type

7.2.2. By Application

7.2.3. By Country

7.2.3.1. USA

7.2.3.2. Canada

7.2.3.3. Mexico

7.3. South America

7.3.1. By Product Type

7.3.2. By Application

7.3.3. By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Columbia

7.3.3.4. Venezuela

7.3.3.5. Ecuador

7.3.3.6. Peru

7.3.3.7. Others

7.4. Europe

7.4.1. By Product Type

7.4.2. By Application

7.4.3. By Country

7.4.3.1. Austria

7.4.3.2. Belgium

7.4.3.3. Bulgaria

7.4.3.4. Czech Republic

7.4.3.5. Denmark

7.4.3.6. Finland

7.4.3.7. France

7.4.3.8. Germany

7.4.3.9. Hungary

7.4.3.10. Ireland

7.4.3.11. Italy

7.4.3.12. Netherlands

7.4.3.13. Poland

7.4.3.14. Portugal

7.4.3.15. Romania

7.4.3.16. Russia

7.4.3.17. Slovakia

7.4.3.18. Slovenia

7.4.3.19. Spain

7.4.3.20. Sweden

7.4.3.21. UK

7.5. Middle East and Africa

7.5.1. By Product Type

7.5.2. By Application

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.2. Israel

7.5.3.3. UAE

7.5.3.4. Turkey

7.5.3.5. Morocco

7.5.3.6. Ethiopia

7.5.3.7. Algeria

7.5.3.8. Egypt

7.5.3.9. Others

7.6. Asia Pacific

7.6.1. By Product Type

7.6.2. By Application

7.6.3. By Country

7.6.3.1. China

7.6.3.2. India

7.6.3.3. Japan

7.6.3.4. South Korea

7.6.3.5. Australia

7.6.3.6. Philippines

7.6.3.7. Indonesia

7.6.3.8. Vietnam

7.6.3.9. Malaysia

7.6.3.10. Thailand

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Markey Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Cargill, Incorporated

9.2. Archer Daniels Midland

9.3. Raizan SA

9.4. Sudzucker AG

9.5. Tereos

9.6. Nordzucker Holding AG

9.7. Tongaat Hulett Group

9.8. Illovo Sugar (Pty) Ltd (Associated British Foods Plc.)

9.9. Dangote Group

9.10. E.I.D Parry Limited (Murugappa Group)

9.11. Shree Renuka Sugars Ltd. (Wilmar Sugar Holdings)

9.12. Dhampur Bio Organics Limited

9.13. K.C.P Sugar and Industries Corporation Ltd

9.14. NSL Sugar

9.15. Central Sugars Refinery Sdn Bhd

List of Tables

Table 1: Research Assumptions

Table 2: Global Sugar Market, Key Findings

Table 3: Global Sugar Market, By Product Type, USD Billion, 2020 to 2030

Table 4: Global Sugar Market, By Application, USD Billion, 2020 to 2030

Table 5: Global Sugar Market, By Geography, USD Billion, 2020 to 2030

Table 6: North America Sugar Market, By Product Type, USD Billion, 2020 to 2030

Table 7: North America Sugar Market, By Application, USD Billion, 2020 to 2030

Table 8: North America Sugar Market, By Country, USD Billion, 2020 to 2030

Table 9: South America Sugar Market, By Product Type, USD Billion, 2020 to 2030

Table 10: South America Sugar Market, By Application, USD Billion, 2020 to 2030

Table 11: South America Sugar Market, By Country, USD Billion, 2020 to 2030

Table 12: Europe Sugar Market, By Product Type, USD Billion, 2020 to 2030

Table 13: Europe Sugar Market, By Application, USD Billion, 2020 to 2030

Table 14: Europe Sugar Market, By Country, USD Billion, 2020 to 2030

Table 15: Middle East and Africa Sugar Market, By Product Type, USD Billion, 2020 to 2030

Table 16: Middle East and Africa Sugar Market, By Application, USD Billion, 2020 to 2030

Table 17: Middle East and Africa Sugar Market, By Country, USD Billion, 2020 to 2030

Table 18: Asia Pacific Sugar Market, By Product Type, USD Billion, 2020 to 2030

Table 19: Asia Pacific Sugar Market, By Application, USD Billion, 2020 to 2030

Table 20: Asia Pacific Sugar Market, By Country, USD Billion, 2020 to 2030

Table 21: Global Sugar Market, Policies and Regulations

Table 22: Global Sugar Market, Strategy Analysis of Major Players

Table 23: Global Sugar Market, Mergers, Acquisitions, Agreements, and Collaborations

Table 24: Cargill, Incorporated, Products and Services

Table 25: Archer Daniels Midland, Products and Services

Table 26: Raizan SA, Products and Services

Table 27: Sudzucker AG, Products and Services

Table 28: Tereos, Products and Services

Table 29: Nordzucker Holding AG, Products and Services

Table 30: Tongaat Hulett Group, Products and Services

Table 31: Illovo Sugar (Pty) Ltd (Associated British Foods Plc.), Products and Services

Table 32: Dangote Group, Products and Services

Table 33: E.I.D Parry Limited (Murugappa Group), Products and Services

Table 34: Shree Renuka Sugars Ltd. (Wilmar Sugar Holdings), Products and Services

Table 35: Dhampur Bio Organics Limited, Products and Services

Table 36: K.C.P Sugar and Industries Corporation Ltd, Products and Services

Table 37: NSL Sugar, Products and Services

Table 38: Central Sugars Refinery Sdn Bhd, Products and Services

List of Figures

Figure 1: Global Sugar Market Size, USD Billion, 2020 to 2030

Figure 2: Global Sugar Market Segmentation

Figure 3: Key Market Drivers Impact Analysis

Figure 4: Key Market Restraints Impact Analysis

Figure 5: Porter’s Five Forces Analysis: Bargaining Power of Suppliers

Figure 6: Porter’s Five Forces Analysis: Bargaining Power of Buyers

Figure 7: Porter’s Five Forces Analysis: Threat of New Entrants

Figure 8: Porter’s Five Forces Analysis: Threat of Substitutes

Figure 9: Porter’s Five Forces Analysis: Competitive Rivalry in the Industry

Figure 10: Global Sugar Market, Industry Value Chain Analysis

Figure 11: Global Sugar Market, Policies and Regulations

Figure 12: Global Sugar Market Share (%), By Product Type, 2025 and 2030

Figure 13: Global Sugar Market Attractiveness by Product Type, 2030

Figure 14: Global Sugar Market, By Product Type, Granular, USD Billion, 2020 to 2030

Figure 15: Global Sugar Market, By Product Type, Powder, USD Billion, 2020 to 2030

Figure 16: Global Sugar Market, By Product Type, Liquid, USD Billion, 2020 to 2030

Figure 17: Global Sugar Market Share (%), By Application, 2025 and 2030

Figure 18: Global Sugar Market Attractiveness by Application, 2030

Figure 19: Global Sugar Market, By Application, Dairy, USD Billion, 2020 to 2030

Figure 20: Global Sugar Market, By Application, Beverages, USD Billion, 2020 to 2030

Figure 21: Global Sugar Market, By Application, Confectionary & Bakery, USD Billion, 2020 to 2030

Figure 22: Global Sugar Market, By Application, Processed Food, USD Billion, 2020 to 2030

Figure 23: Global Sugar Market, By Application, Others, USD Billion, 2020 to 2030

Figure 24: Global Sugar Market Share (%), By Geography, 2025 and 2030

Figure 25: Global Sugar Market Attractiveness by Geography, 2030

Figure 26: North America Sugar Market, USD Billion, 2020 to 2030

Figure 27: North America Sugar Market Share (%), By Country, 2025 and 2030

Figure 28: North America Sugar Market Attractiveness, By Country, 2030

Figure 29: USA Sugar Market, USD Billion, 2020 to 2030

Figure 30: Canada Sugar Market, USD Billion, 2020 to 2030

Figure 31: Mexico Sugar Market, USD Billion, 2020 to 2030

Figure 32: South America Sugar Market, USD Billion, 2020 to 2030

Figure 33: South America Sugar Market Share (%), By Country, 2025 and 2030

Figure 34: South America Sugar Market Attractiveness, By Country, 2030

Figure 35: Brazil Sugar Market, USD Billion, 2020 to 2030

Figure 36: Argentina Sugar Market, USD Billion, 2020 to 2030

Figure 37: Columbia Sugar Market, USD Billion, 2020 to 2030

Figure 38: Venezuela Sugar Market, USD Billion, 2020 to 2030

Figure 39: Ecuador Sugar Market, USD Billion, 2020 to 2030

Figure 40: Peru Sugar Market, USD Billion, 2020 to 2030

Figure 41: South America (Others) Sugar Market, USD Billion, 2020 to 2030

Figure 42: Europe Sugar Market, USD Billion, 2020 to 2030

Figure 43: Europe Sugar Market Share (%), By Country, 2025 and 2030

Figure 44: Europe Sugar Market Attractiveness, By Country, 2030

Figure 45: Austria Sugar Market, USD Billion, 2020 to 2030

Figure 46: Belgium Sugar Market, USD Billion, 2020 to 2030

Figure 47: Bulgaria Sugar Market, USD Billion, 2020 to 2030

Figure 48: Czech Republic Sugar Market, USD Billion, 2020 to 2030

Figure 49: Denmark Sugar Market, USD Billion, 2020 to 2030

Figure 50: Finland Sugar Market, USD Billion, 2020 to 2030

Figure 51: France Sugar Market, USD Billion, 2020 to 2030

Figure 52: Germany Sugar Market, USD Billion, 2020 to 2030

Figure 53: Hungary Sugar Market, USD Billion, 2020 to 2030

Figure 54: Ireland Sugar Market, USD Billion, 2020 to 2030

Figure 55: Italy Sugar Market, USD Billion, 2020 to 2030

Figure 56: Netherlands Sugar Market, USD Billion, 2020 to 2030

Figure 57: Poland Sugar Market, USD Billion, 2020 to 2030

Figure 58: Portugal Sugar Market, USD Billion, 2020 to 2030

Figure 59: Romania Sugar Market, USD Billion, 2020 to 2030

Figure 60: Russia Sugar Market, USD Billion, 2020 to 2030

Figure 61: Slovakia Sugar Market, USD Billion, 2020 to 2030

Figure 62: Slovenia Sugar Market, USD Billion, 2020 to 2030

Figure 63: Spain Sugar Market, USD Billion, 2020 to 2030

Figure 64: Sweden Sugar Market, USD Billion, 2020 to 2030

Figure 65: UK Sugar Market, USD Billion, 2020 to 2030

Figure 66: Middle East and Africa Sugar Market, USD Billion, 2020 to 2030

Figure 67: Middle East and Africa Sugar Market Share (%), By Country, 2025 and 2030

Figure 68: Middle East and Africa Sugar Market Attractiveness, By Country, 2030

Figure 69: Saudi Arabia Sugar Market, USD Billion, 2020 to 2030

Figure 70: Israel Sugar Market, USD Billion, 2020 to 2030

Figure 71: UAE Sugar Market, USD Billion, 2020 to 2030

Figure 72: Turkey Sugar Market, USD Billion, 2020 to 2030

Figure 73: Morocco Sugar Market, USD Billion, 2020 to 2030

Figure 74: Ethiopia Sugar Market, USD Billion, 2020 to 2030

Figure 75: Algeria Sugar Market, USD Billion, 2020 to 2030

Figure 76: Egypt Sugar Market, USD Billion, 2020 to 2030

Figure 77: Middle East and Africa (Others) Sugar Market, USD Billion, 2020 to 2030

Figure 78: Asia Pacific Sugar Market, USD Billion, 2020 to 2030

Figure 79: Asia Pacific Sugar Market Share (%), By Country, 2025 and 2030

Figure 80: Asia Pacific Sugar Market Attractiveness, By Country, 2030

Figure 81: China Sugar Market, USD Billion, 2020 to 2030

Figure 82: India Sugar Market, USD Billion, 2020 to 2030

Figure 83: Japan Sugar Market, USD Billion, 2020 to 2030

Figure 84: South Korea Sugar Market, USD Billion, 2020 to 2030

Figure 85: Australia Sugar Market, USD Billion, 2020 to 2030

Figure 86: Philippines Sugar Market, USD Billion, 2020 to 2030

Figure 87: Indonesia Sugar Market, USD Billion, 2020 to 2030

Figure 88: Vietnam Sugar Market, USD Billion, 2020 to 2030

Figure 89: Malaysia Sugar Market, USD Billion, 2020 to 2030

Figure 90: Thailand Sugar Market, USD Billion, 2020 to 2030

Figure 91: Global Sugar Market Share, 2025

Figure 92: Competitive Dashboard

Figure 93: Cargill, Incorporated, Financials, 2022-2024

Figure 94: Archer Daniels Midland, Financials, 2022-2024

Figure 95: Raizan SA, Financials, 2022-2024

Figure 96: Sudzucker AG, Financials, 2022-2024

Figure 97: Tereos, Financials, 2022-2024

Figure 98: Nordzucker Holding AG, Financials, 2022-2024

Figure 99: Tongaat Hulett Group, Financials, 2022-2024

Figure 100: Illovo Sugar (Pty) Ltd (Associated British Foods Plc.), Financials, 2022-2024

Figure 101: Dangote Group, Financials, 2022-2024

Figure 102: E.I.D Parry Limited (Murugappa Group), Financials, 2022-2024

Figure 103: Shree Renuka Sugars Ltd. (Wilmar Sugar Holdings), Financials, 2022-2024

Figure 104: Dhampur Bio Organics Limited, Financials, 2022-2024

Figure 105: K.C.P Sugar and Industries Corporation Ltd, Financials, 2022-2024

Figure 106: NSL Sugar, Financials, 2022-2024

Figure 107: Central Sugars Refinery Sdn Bhd, Financials, 2022-2024

List of Top Sugar Companies:

• Cargill, Incorporated
• Archer Daniels Midland 
• Raizan  SA
• Sudzucker  AG
• Tereos 
• Nordzucker  Holding AG
• Tongaat Hulett Group 
• Illovo  Sugar (Pty) Ltd (Associated British Foods Plc.)
• Dangote Group
• E.I.D Parry Limited  (Murugappa Group)
• Shree Renuka Sugars Ltd . (Wilmar Sugar Holdings)
• Dhampur Bio Organics Limited 
• K.C.P Sugar and Industries Corporation Ltd 
• NSL Sugar 
• Central Sugars Refinery Sdn Bhd 

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