Global Sugar Market Report Forecast By Consuming Countries (United States, Indonesia, Pakistan, Russia, Mexico, Others), Producing Countries (Brazil, India, European Union, China, Australia, Others), Importing Countries, Exporting Countries, Source (Sugarcane, Sugar Beet), Form (Granulated Sugar, Powdered Sugar, Syrup Sugar), Application (Beverage, Confectionary, Bakery, Dairy Products, Others), Company Analysis 2024-2032

Driving Forces of Sugar Market

The sales of sugar are positively impacted by rising beverage consumption

Sugar is commonly used in a variety of drinks to give them a sweet flavor and improve their color. In a wide range of liquids, it also helps to provide viscosity or thickness, balance acidity, and improve palatability and shelf life. In addition, the growing demand for a variety of drinks among people worldwide—including shakes, mojitos, cocktails, mocktails, energy drinks, sports drinks, and energy drinks—is bolstering the expansion of the sugar market. Furthermore, the industry is expanding since households are regularly consuming more sugar in their tea and coffee.

The broad availability of sugar through various distribution channels is driving up demand for it

At present, the market's expansion is being supported by sugar's widespread availability through a variety of distribution channels. In addition, sugar is cheap and widely accessible, offering comfort and convenience to people everywhere. Accordingly, it is a necessary product that is used on a daily basis and comes in a variety of textures, sizes and shapes to appeal to a broad range of customers. Aside from this, the industry is expanding due to the growing number of sugar sales made globally through internet channels.

The personal care product industry is expanding due to rising demand

The increased desire from customers for natural ingredients in personal care products that don't aggravate their skin or cause allergies is driving the market's expansion. Because sugar helps to provide smooth and moisturized skin while decreasing the indications of aging, there is an increase in demand for sugar in scrubs. Additionally, by avoiding limpness, it helps to remove dead cell layers from the skin and give hair a silky feel. This is driving the market's expansion, along with the growing use of sugar to lighten and brighten skin tones.

Brazil Sugar Market

Brazil is a major player in the global sugar market as one of the largest producers and exporters of sugar. The main component of the nation's sugar industry is sugarcane, which grows well in Brazil's tropical climate. Due to its extensive sugarcane crops, Brazil is a major exporter and provides a large amount of the world's sugar.

Producing sugar for food and ethanol for fuel is the twin focus that defines the Brazilian sugar market. The nation's usage of sugarcane to produce ethanol aids in its efforts to promote renewable energy sources and lessens dependency on fossil fuels. Additionally resilient against changes in the price of sugar on the international market is this dual production arrangement.

Brazil consumes a lot of sugar domestically, as sugar is used extensively in Brazilian cooking. Government regulations, climatic circumstances, and global sugar prices are some of the elements that affect this industry. Brazil is becoming a major center in the world's sugar supply chain as a result of its strategic investments in infrastructure and technology, which also increase its competitiveness.

United States Sugar Consuming Market

The demand for sugar consumption in United States is among the highest globally. This is due to the great demand of the same from the food and beverage industries in particular. Such important kinds of its consumption are confectionery and bakery production, soft drinks, processed food products that contain sugar. However, people’s interest in consuming traditional sugars has not waned, despite growing awareness of how detrimental it is for their health. The aging trend is towards low sugar and no-sugar products while at the same time these traditional industries sustain high sugar intake. Convenience foods together with other changes in consumers’ preferences towards ready to eat- meals and snacks also drives the demand for sugar. However, understanding the threats to health due to high levels of sugar consumption and activities of governments to reduce sugar consumption are defining the market trends.

European Union (EU) Sugar-Producing Market

The sugar-producing market in the European Union (EU) is one of the big agricultural business sectors with France and Germany among the most dominant players. Currently France produces the largest amount of sugar in the EU partly because of a favourable climate and large area of land used for growing sugar beet. The country has a highly developed infrastructure, efficient processing methods, which adds to its leading position. Besides this, French sugar producers pay much attention to sustainable development because the market and legislation require ecological perspectives in production.

Germany for instance is a second largest producer of sugar and the country has an efficient method of producing sugars. Through utilization of modern technology and efficient processing techniques, Companies in Germany improve their productions. It is worth highlighting that together with bettering sustainable innovations for the sugar industry in Germany, the industry has also afforded these improvements compliance with the overall environmental objectives of the EU; therefore, the future of this industry appears to be rather auspicious.

Common Agricultural Policy (CAP) of the EU intervene heavily in the market for sugar, with the objective of fixing prices so as to prevent unfair competition. Since the abolition of the quota in 2017, both France and Germany faced more market challenges that make them adapt to constant search for new directions for improvement and development. This situation is indicative of the typical market transformation in the EU sugar industry in the context of actors’ shift towards sustainability and efficiency.

United Arab Emirates sugar importer market

The UAE is a major sugar importing country, because of a growing population of the country and the rapidly developing food and beverages industry. Due to the climate conditions in the UAE and poor conditions suitable for production of sugar crops, most of the sugar required in the country has to be imported. At the moment the country buys its sugar from various international suppliers including Brazil, India and Thailand which are major global producers.

Leveraging its position as a regional trading center in the Middle East, the UAE is an important player in the regional supply of sugar. For instance, Jebel Ali port in Dubai is key in the importation and distribution of sugar around the gulf region. The increased consumption of the confectionery and bakery and food and beverages especially in the UAE has had a significant influence in the rise in demand for the refined and raw sugar.

In addition, the UAE’s policies on having a diverse and reliable food security chain are underlined by its strategic relations with producers of sugar. The government is also playing the role of coordinating investments targeting food security, the key drives being the need the steady and affordable supplies of sugar in the country as well as identification of possibilities of local processing of sugar. The strategy has been crafted in a manner that will guarantee a steady inflow of sugar supplies while at the same time promoting development of other related sectors in the UAE.

Global Sugar Company Analysis

The key players in sugar industry are Archer Daniels Midland, Tate and Lyle, General Mills, Inc., MGP Ingredients Inc., Kerry Group, Südzucker AG, Tereos and Cosan SA.

Global Sugar Company News

January 2023 - In an effort to boost sales of consumer food items, Wilmar International chose to maintain its joint venture with Adani Group.

January 2023 - Leading cane sugar manufacturer Mitr Phol, based in Thailand, established a partnership with green tech startup AFYREN to offer high value added biobased markets for its co-products made from sugarcane.

February 2021 - An agreement was inked by Raizen, an integrated energy company that sets the standard for biofuels and bioelectricity, to acquire the assets of Biosev, a Louis Dreyfus Holding subsidiary. The arrangement covers a total installed sugarcane processing capacity of up to 32 million tons, divided among nine production units.

Consuming Countries – Market breakup in 11 viewpoints:

1. India
2. European Union
3. China
4. United States
5. Brazil
6. Indonesia
7. Pakistan
8. Russia
9. Mexico
10. Thailand
11. Others

Producing Countries – Volume breakup in 11 viewpoints:

1. Brazil
2. India
3. European Union
4. China
5. Thailand
6. United States
7. Pakistan
8. Russia
9. Mexico
10. Australia
11. Others

Importing Countries – Volume breakup in 10 viewpoints:

1. Indonesia
2. China
3. India
4. European Union
5. United States
6. Malaysia
7. Bangladesh
8. Algeria
9. Nigeria
10. United Arab Emirates

Exporting Countries – Volume breakup in 10 viewpoints:

1. Brazil
2. Thailand
3. India
4. Australia
5. Guatemala
6. European Union
7. Mexico
8. South Africa
9. Saudi Arabia
10. Columbia

Source – Market breakup in 2 viewpoints:

1. Sugarcane
2. Sugar Beet

Form – Market breakup in 3 viewpoints:

1. Granulated Sugar
2. Powdered Sugar
3. Syrup Sugar

Application – Market breakup in 5 viewpoints:

1. Beverage
2. Confectionary
3. Bakery
4. Dairy Products
5. Others

All the key players have been covered from 4 Viewpoints:

• Business Overview
• Key Persons
• Recent Development
• Financial Insights

Key Players Analysis:

1. Archer Daniels Midland
2. Tate and Lyle
3. General Mills, Inc.
4. MGP Ingredients Inc.
5. Kerry Group
6. Südzucker AG
7. Tereos
8. Cosan SA

Report Details: