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Global Industrial Sugar Market Expected to Reach US$ 45.6 Billion by 2027 | Illovo Sugar (Pty) Ltd, Tereos, Nordzucker Group AG, Cargill, etc

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Global Industrial Sugar Market Expected to Reach US$ 45.6 Billion by 2027 | Illovo Sugar (Pty) Ltd, Tereos, Nordzucker Group AG, Cargill, etc

April 20
15:02 2021
Global Industrial Sugar Market Expected to Reach US$ 45.6 Billion by 2027 | Illovo Sugar (Pty) Ltd, Tereos, Nordzucker Group AG, Cargill, etc

Industrial Sugar Market
The Global Industrial Sugar Market is expected to reach USD 45.6 billion by the year 2027, in terms of value at a CAGR of 6.5% from 2020-2027.

Rising average international prices, growing importance of international trade and value addition of by-products are expected to propel the demand for industrial sugar market.

Market Size – USD 37.23 Billion in 2019, Market Growth – CAGR of 6.5%, Market Trends – productivity improvement opportunity and preferential trade agreements are major opportunities.

According to the current analysis of Reports and Data, the Global Industrial Sugar Market is expected to reach USD 45.6 billion by the year 2027, in terms of value at a CAGR of 6.5% from 2020-2027. Industrial sugar is a flourishing commodity across the world that is driving the market. An increase in the usual international prices and the surge in the importance of international trade of sugar are resulting in the rising demand for industrial sugar. Furthermore, the progress is principally supplemented by the increasing population and the growing consumption of sweetened items. The growth in the confectionery products, especially bakery foods, are driving the higher usage of industrial sugar in the market. Nevertheless, certain limitations like water consumption due to monoculture production of industrial sugar is a foremost restraint for the industrial sugar market across the world. Additionally, the sudden impact of the COVID-19 pandemic will hinder the growth by halting production and disrupting the supply chain. Pricing pressure of Industrial Sugar and increasing costs of sugar production are the significant challenges for the industrial sugar market growth.

According to FAO, World sugar prices are predicted to stay low in the short term before rising moderately in the following years. By 2025, they will be higher than in 2018. The nominal world raw sugar price is forecasted at USD 342/t and USD 425/t for white sugar in 2025. The white sugar premium, although improving in the current period due to increasing import demand in Sudan and  Myanmar, is foreseen to undergo a squeeze in 2018, as the abolition of the EU sugar quota allows for further one exports of white sugar on the world market. The resultant downward pressure on price will encourage producers to switch to exporting more raw sugar rather than white sugar, which in turn will stabilize the premium towards the end of the period (USD 83/t versus USD 85/t in 2018)

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Industrial Sugar Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.

Key findings of the report:

It is forecasted that sugarcane will account for about 86% of sugar output by 2027. However, some expansion of sugar beet production is foreseen in Ukraine, Egypt, the Russian Federation, and the EU following the abolition of quotas in 2017. For sugar beet and sugarcane production, most of the increases are predicted to come from higher yields and area expansion, and, in the EU, a lengthening of the beet slicing period.

Sugar production in South Africa is forecasted to rise by 4.5% p.a. to 2027 due to sustained surge in production capacity at both the field and processing levels, principally in Sub-Saharan lands.

Australia is an export-oriented country that will benefit from recent efforts from milling groups to increased cane plantings and sugar yields and an assumed low Australian dollar compared to the US dollar. With regular weather conditions, its sugar production is anticipated to grow by 1.7% p.a. to 5.8 Mt by 2025.

Based on type, brown sugar is projected to grow at the fastest CAGR of 7.5%. The demand for beverages has received growth due to the growing demand from metropolitan areas, where sweetened beverages become more popular. It is expected to remain a key driver for the brown sugar market in the coming years.

The granulated industrial sugar occupied the lion’s share of 41.2% in 2019, owing to its increased demand. It is the most regularly used sugar in the kitchen for most varieties of cooking. Very high use and continuous growth of the population leads to growing the demand for granulated sugar in the market. It also has essential properties, including moisture, flavor, and color, into baking & confectionery products, which leads to an upsurge in its production and drives the market.

Key companies in the industrial sugar market include Illovo Sugar (Pty) Ltd, Tereos, Nordzucker Group AG, Cargill, E.I.D Parry Limited, Archer Daniels Midland Company, Sudzucker, AG, and Raizen SA.

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For the purpose of this study, the global Industrial Sugar market has been segmented on the basis of disease type, application, distribution channel, and region:

On the basis of Type, market is segmented as follows:

  • White sugar
  • Brown sugar
  • Liquid sugar

On the basis of Source, market is segmented as follows:

  • Cane sugar
  • Beet sugar

On the basis of Form, market is segmented as follows:

  • Granulated
  • Powdered
  • Syrup

On the basis of Mode of Application, the market is segmented as follows:

  • Dairy
  • Bakery
  • Confectionery
  • Beverage
  • Canned & frozen foods
  • Pharmaceuticals
  • Other food items

On the basis of source, the market is segmented as follows:

  • Cane sugar
  • Beet sugar

By Region (Revenue, USD Million; 2017-2027)

         North America

  • U.S.
  • Canada

         Europe

  • Germany
  • U.K.
  • France
  • Rest of Europe

         Asia Pacific

  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific

         Latin America

  • Brazil
  • Rest of Latin America

         Middle East & Africa

  • Saudi Arabia
  • U.A.E.
  • Rest of Middle East & Africa

Table Of Contents:

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019 – 2027

Chapter 3. Indicative Metrics

Chapter 4. Industrial Sugar Segmentation & Impact Analysis

    4.1. Industrial Sugar Segmentation Analysis

    4.2. Industrial Sugar Market Value Chain Analysis, 2017-2027

    4.3. Regulatory framework

    4.4. Industrial Sugar Market Impact Analysis

          4.4.1. Market driver analysis

           Rising Average International Prices

           Growing Importance of International Trade

           Value Addition of By-Forms

          4.4.2. Market restraint analysis

           Water Consuming Monoculture Formation

           Growth in Demand for Alternate Sweeteners as Sugar Substitutes

    4.5. Key opportunities prioritized

    4.6. Industrial Sugar Pricing Analysis

    4.7. Industry analysis – Porter’s

    4.8. Industrial Sugar PESTEL Analysis


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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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