How Has the Industrial Sugar Market Evolved Historically and What is its Current Size?
The industrial sugar market has seen considerable growth due to a variety of factors.
• In recent years, the size of the industrial sugar market has seen robust growth. The expected growth indicates an increase from $48.77 billion in 2024 to $51.82 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.2%. The remarkable growth during the historic period is due to factors such as the colonial expansion and plantation agriculture, the industrial revolution and improvements in refining techniques, the widening of sugar beet cultivation, the practices of slavery and labor, and the liberalization of the market and trade policies.
What Does Future Hold for The Industrial Sugar Market?
The Industrial Sugar market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the industrial sugar market is predicted to experience robust growth in the coming years, ballooning to a market value of $65.69 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.1%.
This forecasted growth can be linked to a variety of factors such as concerns about the environment and sustainability, increased demand in the pharmaceutical sector, the growing food and beverage industry, a surge in biofuel production, as well as government policies and regulations. Key trends anticipated during this forecast period encompass health and wellness fads, preference for natural and clean-labelled products, advancements in processing technology, increased use of low-calorie sweeteners, and a broadening range of sugar applications.
What Are The Primary Growth Drivers In The Industrial Sugar Market?
An upward trend in the need for sweet treats like dairy-based products is projected to boost the industrial sugar market in the future. When we talk about dairy items, we're referring to goods primarily created with or comprising milk from mammals like cows. The expansion of the global industrial sugar market is largely due to the escalating use of sweet treats in the creation of a wide variety of beverages and confectionery items, which includes things like cakes, milkshakes, croissants, and hot sugar. For instance, information from the Department of Agriculture, Fisheries, and Forestry, a government institution based in Australia, revealed in August 2023 that dairy exports are predicted to see a 2% growth in 2023–24, reaching 679 kilotons, a climb from 663 kilotons in 2022–23. Therefore, the escalating demand for sweet treats like dairy items is at the heart of the expansion of the industrial sugar market.
What Is The Segmentation Of The Global Industrial Sugar Market?
The industrial sugar market covered in this report is segmented –
1) By Type: White Sugar, Brown Sugar, Liquid Sugar
2) By Source: Cane, Beet
3) By Form: Granulated, Powder, Syrup
4) By Application: Dairy, Bakery, Confectionary, Beverages, Frozen Foods, Other Applications
Subsegments:
1) By White Sugar: Granulated White Sugar, Icing Sugar, Caster Sugar
2) By Brown Sugar: Light Brown Sugar, Dark Brown Sugar, Raw Brown Sugar
3) By Liquid Sugar: Liquid Glucose, High Fructose Corn Syrup (HFCS), Invert Sugar Syrup
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What Emerging Trends Are Shaping The Industrial Sugar Market Landscape?
The industrial sugar market has witnessed a surge in technological innovations, with several key players investing in the development of new and innovative technologies to secure their market dominance. For instance, in March 2022, Cargill, a leading food corporation and industrial sugar manufacturer from the US, launched an innovative stevia-enhancing technology called the EverSweet + ClearFlo Stevia Platform. This pioneering platform incorporates the company's major sweetener and a range of natural flavors. The ClearFlo technology of Cargill allows EverSweet, a stevia-originated sweetener, to serve as a base for other natural flavorings. This blend improves flavor, solubility, formulation stability, and speed of dissolution. Additionally, this advanced sweetening method could diminish any unpleasant flavors that might be manifested in a formulation, potentially including bitter coffee tastes, earthy protein hints, or metallic flavors arising from potassium chloride.
Who Are the Key Players In The Industrial Sugar Market?
Major companies operating in the industrial sugar market include:
• Cargill Incorporated
• Nordzucker AG
• EID Parry Ltd.
• Südzucker AG
• Louis Dreyfus Company B.V.
• British Sugar PLC
• Shree Renuka Sugars Ltd.
• Archer Daniels Midland Company
• Raízen S.A.
• Tongaat Hulett Sugar Limited
• Cosan SA Indústria e Comércio
• Mitr Phol Sugar Corporation
• Associated British Foods PLC
• Wilmar International Limited
• American Crystal Sugar Company
• Lantic Inc.
• Michigan Sugar Company
• Imperial Sugar Company
• Guangxi Guitang Group Co. Ltd.
• Rizhao Lingyunhai Sugar Group
• Bunge Limited
• Thai Roong Ruang Group
• China National Cereals Oils & Foodstuffs Corporation
• Dhampur Sugar Mills Ltd.
• Balrampur Chini Mills Ltd.
• MSF Sugar Ltd.
What Are The Regional Insights Into The Industrial Sugar Market?
Asia-Pacific was the largest region in the industrial sugar market share in 2024. The regions covered in the industrial sugar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
