Industrial Sugar Market worth US$ 71.7 Billion 2029 with a CAGR of 5.2%

Published Date: May 2023

The report "Global Industrial Sugar Market, by Type (White Sugar, Brown Sugar, and Liquid Sugar), by Form (Granulated, Powdered, and Syrup), by Application (Dairy, Bakery, Confectionery, Beverage, Canned and Frozen Foods, Pharmaceuticals, and Other Food Items), by Source (Cane Sugar and Beet Sugar), and Region - Global Forecast to 2029"

Global industrial sugar market is projected to grow from US$ 45.1 billion in 2019 to US$ 71.7 billion by 2029. The global industrial sugar market is expected to register moderate growth over the forecast period. This is attributed to increasing demand for industrial sugar from end-use applications such as confectionary, cereal, dairy, bakery, pharmaceutical, and beverage industries.

Re-use of by-products such as bagasse, mud or filter cake of industrial sugar is expected to create lucrative growth opportunities for new as well as existing players to gain competitive edge.

Key Highlights:

  • In October 2016, Raizen SA and Wilmar International Ltd announced new strategic  partnership  that  will  combine  the strengths of Brazil’s largest producer of sugar with one of the largest trader of the commodity.

Key Market Insights from the report:          

The global industrial sugar market accounted for US$ 45.1 billion in 2019 and is projected to register a moderate CAGR of 5.2% over the forecast period. The market report has been segmented on the basis of type, form, application, source, and region.

  • By type, the white sugar segment accounted for major revenue share in 2019, owing to increasing demand for confectionery products, growing retail market, and expansion of product portfolio.
  • By form, the granulated form holds for major revenue share in 2019. This is due to granulated form used as a preservative for different end-use applications such as marmalades, candied fruits, and jams.
  • By application, the confectionery holds for major revenue share in 2019, owing to industrial sugar is use in a wide variety of applications and consumption of confectionery products such as chewing gum, sweets, marmalade, candied nuts, chocolates, and chewing gum.
  • By source, the cane sugar is segment accounted for major revenue share in 2019, attributed to production of cane sugar is higher than beet sugar across the globe.
  • By region, Asia Pacific industrial sugar market accounted for major revenue share of the global industrial sugar market and is further anticipated to maintain its dominance over the forecast period, owing to India is one of the largest consumers of industrial sugar due to urbanization. The market in Latin America is expected to account for second-highest revenue share in 2019.

Browse 60 market data tables* and 35  figures* through 140 slides and in-depth TOC on " Global Industrial Sugar Market”, by Type (White Sugar, Brown Sugar, and Liquid Sugar), by Form (Granulated, Powdered, and Syrup), by Application (Dairy, Bakery, Confectionery, Beverage, Canned and Frozen Foods, Pharmaceuticals, and Other Food Items), by Source (Cane sugar and Beet sugar), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2029

The prominent player operating in the global industrial sugar market includes Cargill Incorporated, Archer Daniel Midland, Raizen SA, Sudzucker AG, Tereos SA, Mitr Phol Sugar Corporation Limited, Louis Dreyfus Holding B.V., Wilmar International Ltd, Cosan SA Indústria e Comércio, American Crystal Sugar Company, and E.I.D.- Parry (India) Limited.

About Prophecy Market Insights

Prophecy Market Insights is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

Contact Us:

Prophecy Market Insights

Email- [email protected]

Buy Now
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Custmoized Your Report
Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Request for Discount
Reliability and Reputation

Quick contact

IND: +91 777 504 9802
US: +1 860 531 2574

Trusted By

Created billion dollars of revenue impact with more than 200+ clients

View All Our Clients