Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Sugarcane Syrup Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Sugarcane Syrup Industry in 2024 and 2025?
The sugarcane syrup market size has grown strongly in recent years. It will grow from $47.83 billion in 2024 to $50.62 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to cultural and regional demand, craft and artisanal food movement, demand in beverages, versatility in culinary applications, heritage and traditional medicine, niche and gourmet markets.
What Is the Projected Market Size of the Sugarcane Syrup Market in 2029?
The Sugarcane Syrup Global Market Report 2025 projects that by 2029 the market size will reach $64.43 billion, growing at a Compound Annual Growth Rate (CAGR) of 6.2%.
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What Are the Key Drivers of Sugarcane Syrup Market Growth?
The key drivers in the sugarcane syrup market are:
• Growth in the beverage industry resulting from increasing consumer demand for beverages.
• Widespread use of sugarcane syrup as a preferred sweetener in beverage manufacturing.
• Rising popularity of beverages such as soft, energy, and sports drinks that use sugarcane syrup.
• Strong performance of the food and beverage export sector, particularly in regions such as Canada.
What Are the Primary Segmentation Categories in the Sugarcane Syrup Market?
The sugarcane syrupmarket covered in this report is segmented –
1) By Type: Pure Sugarcane Syrup, Mix Sugarcane Syrup
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels
3) By Application: Confectionery, Dairy, Prepared Mix, Other Applications
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What Are the Major Trends Shaping the Sugarcane Syrup Market in 2025 and Beyond?
The key trends in the sugarcane syrup market are:
• Major companies are developing freshly squeezed sugarcane juice products to cater to growing demand for natural sweeteners.
• The strains on natural resources are pushing producers in the sugarcane syrup market to prioritize high-quality, natural ingredient usage.
• Emphasis is being given to preserving natural flavors, nutrients and antioxidants in sugarcane syrup products without any artificial inclusions.
• Healthier sugarcane beverage alternatives are emerging as trendsetters, replacing traditional sugary drinks.
Who Are the Emerging Players in the Sugarcane Syrup Market?
Major players in the sugarcane syrup market are:
• Associated British Foods plc
• Super Syrups (pty) Ltd.
• Tongaat Hulett Ltd.
• Atlanta Sugar SA - BKB Ltd.
• Sunshine Sugar
• Frozy Egypt
• Kenana Sugar Company
• White Nile Sugar Company
• GM Sugar Uganda Ltd.
• Kinyara Sugar Ltd.
• Royal Swaziland Sugar Corp.
• Carolina Cider Company
• Tate & Lyle plc
• Liber and Company
• Illovo Sugar Ltd.
• Suedzucker AG
• Mitr Phol Group
• Nordzucker AG
• Biosev- Louis-Dreyfus Group Company
• Wilmar International Limited
• Thai Roong Ruang Group
• Florida Crystals Corporation
• American Sugar Refining Inc.
• Tully Sugar Limited
• East India Distilleries Parry Limited
• Shree Renuka Sugars Ltd.
• Dhampur Sugar Mills Ltd.
• Balrampur Chini Mills Ltd.
• Bajaj Hindusthan Sugar Ltd.
• Dangote Sugar Refinery plc
• Golden Agri-Resources
• Renuka Holdings plc
Which Regions Are Leading the Growth in the Global Sugarcane Syrup Market?
South America was the largest region in the sugarcane syrup market in 2024
