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Raw Sugar Market Size 2025-2029

The raw sugar market size is forecast to increase by USD 152.7 million, at a CAGR of 2.3% between 2024 and 2029.

The market is witnessing significant growth, driven primarily by the increasing demand for raw sugar in various food and beverage applications. This trend is being fueled by the expanding food industry, particularly in emerging economies, where sugar consumption is on the rise. Additionally, the emergence of e-commerce platforms has facilitated easier access to raw sugar for consumers and manufacturers, further boosting market growth. However, the high production cost of raw sugar poses a significant challenge for market participants. Producers must navigate this obstacle through efficient production methods, cost optimization, and strategic pricing to remain competitive in the market.
Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on innovation, cost reduction, and supply chain optimization. By staying agile and responsive to market trends, they can position themselves for long-term success in the dynamic the market.

What will be the Size of the Raw Sugar Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with various factors shaping its dynamics. Sugarcane and sugar beet supply and demand, production costs, and sustainability are key elements influencing market activities. Biofuel production from sugarcane bagasse and sugar beet residues adds complexity to the market. Sugarcane diseases and pests, as well as transportation challenges, can impact yields and prices. Sugarcane consumption is driven by various applications, including food and beverage industries, ethanol production, and pharmaceuticals. Organic sugar and fair trade sugar are gaining popularity, adding to the market's diversity. Sugarcane juice and molasses are used to produce syrups and other value-added products.

Sugarcane syrup and turbinado sugar cater to specific market segments. Sugarcane cultivation and harvesting techniques, as well as irrigation and fertilizer usage, influence production costs and quality. Sugarcane and sugar beet prices fluctuate based on supply and demand, with imports and exports playing a role in market equilibrium. Traceability and sustainability concerns are increasingly important, influencing consumer preferences and regulations. Sugarcane and sugar beet varieties, processing methods, and storage techniques also impact market trends. Overall, the market remains dynamic, with ongoing shifts in production, consumption, and market conditions.

How is this Raw Sugar Industry segmented?

The raw sugar industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Liquid sugar
  Crystallized sugar


Type

  Conventional
  Organic


Base

  Sugarcane-based
  Beet-based


Application

  Food & Beverage Industry
  Biofuel Production
  Pharmaceuticals
  Animal Feed
  Chemicals


End-use Industry

  Food Processing
  Beverage Production
  Ethanol Production
  Pharmaceutical & Personal Care
  Chemical Manufacturing


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The liquid sugar segment is estimated to witness significant growth during the forecast period.

Liquid sugar, derived from raw sugar through the addition of water, is a popular choice among manufacturers due to its convenience and versatility. The sweetener's ability to dissolve quickly and evenly makes it an ideal ingredient for large-scale production of beverages, including carbonated soft drinks, sports drinks, and juices. Additionally, it is widely used in the baking industry for creating cakes, cookies, and pastries. The consistency and stability of liquid sugar enable manufacturers to control the texture and flavor of their products effectively. The sugar beet industry and sugarcane industry serve as the primary sources for raw sugar production.

Sugarcane cultivation, which includes irrigation, fertilization, and pest management, incurs significant production costs. Sugarcane diseases and pests pose challenges to the industry, affecting both yield and quality. Sugarcane bagasse and molasses are by-products used in biofuel production and ethanol manufacturing. Sugar beet cultivation, on the other hand, is practiced in regions with cooler climates. Sugarcane and su

Sugar fell to 16.19 USd/Lbs on August 1, 2025, down 1.03% from the previous day. Over the past month, Sugar's price has risen 4.11%, but it is still 10.88% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Sugar - values, historical data, forecasts and news - updated on August of 2025.

Global Raw Sugar market size 2025 was XX Million. Raw Sugar Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

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Raw Sugar Market Outlook

According to our latest research, the raw sugar market size reached USD 56.7 billion globally in 2024, driven by robust demand across food, beverage, and industrial applications. The market is projected to expand at a CAGR of 4.1% from 2025 to 2033, reaching a forecasted value of USD 80.4 billion by the end of the period. This steady growth is fueled by rising consumption in emerging economies, increased utilization in processed foods, and expanding applications in pharmaceuticals and personal care industries. As per our comprehensive analysis, favorable trade policies and evolving consumer preferences toward natural sweeteners are further propelling the raw sugar industry’s expansion worldwide.

A key growth factor for the raw sugar market is the surging demand for processed and convenience foods, especially in rapidly urbanizing regions such as Asia Pacific and Latin America. As consumers increasingly seek packaged and ready-to-eat products, manufacturers are utilizing higher quantities of raw sugar as a primary ingredient. This trend is further accentuated by the global proliferation of bakery, confectionery, and beverage sectors, where raw sugar serves as a fundamental sweetening and texturizing agent. Additionally, the growing influence of Western dietary patterns in developing economies is contributing to higher sugar consumption per capita, thereby stimulating the market’s upward trajectory.

Another significant driver is the diversification of raw sugar applications beyond the food and beverage industry. The pharmaceutical sector is incorporating raw sugar in the formulation of syrups, tablets, and other medicinal products due to its functional properties as a flavoring and bulking agent. Similarly, the personal care industry is witnessing increased usage of raw sugar in exfoliants, scrubs, and natural cosmetic formulations, aligning with consumer preferences for organic and sustainable ingredients. Industrial applications, including fermentation and bio-based product manufacturing, are also leveraging raw sugar as a cost-effective feedstock, further broadening the market’s scope and resilience.

Sustainability initiatives and technological advancements in sugar production are also playing a pivotal role in shaping the raw sugar market. The adoption of precision agriculture, integrated pest management, and water-efficient irrigation systems is enhancing crop yields and reducing environmental impact, particularly in major sugar-producing regions. Furthermore, the implementation of traceability and certification programs is fostering transparency and consumer confidence in ethically sourced raw sugar. These developments are encouraging both producers and end-users to invest in sustainable supply chains, thereby supporting long-term market growth.

From a regional perspective, Asia Pacific dominates the raw sugar market with the largest share, owing to its vast population base, rising disposable incomes, and significant production hubs in countries like India, China, and Thailand. North America and Europe represent mature markets with stable demand, driven by established food processing industries and increasing interest in clean-label and organic products. Meanwhile, Latin America and the Middle East & Africa are emerging as lucrative markets due to expanding industrialization and favorable climatic conditions for sugarcane and beet cultivation. The interplay of these regional dynamics is shaping the global competitive landscape and opening new avenues for growth.

Product Type Analysis

The product type segment of the raw sugar market is primarily categorized into cane sugar, beet sugar, and others. Cane sugar remains the dominant product, accounting for over 75% of global raw sugar production, largely due to its higher yield per hectare and favorable growing conditions in tropical and subtropical regions. Major producers such as Brazil, India, and Thailand continue to invest in modernizing cane cultivation and processing infrastructure, ensuring a steady supply to meet both domestic and international demand. The prominence of cane sugar is further reinforced by its widespread use in traditional cuisines and large-scale industrial applications.

Beet sugar, on the other hand, holds a significant share in regions with temperate climates, particularly across Europe, North America, and parts of Central Asia. The adoption of advance

Get the latest insights on price movement and trend analysis of Raw Sugar in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Thailand Raw Sugar Prices: Next 15 Months data was reported at 11.750 THB/USD in Sep 2018. This records an increase from the previous number of 11.510 THB/USD for Aug 2018. Thailand Raw Sugar Prices: Next 15 Months data is updated monthly, averaging 14.770 THB/USD from Jan 2015 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 22.230 THB/USD in Oct 2016 and a record low of 11.510 THB/USD in Aug 2018. Thailand Raw Sugar Prices: Next 15 Months data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P010: Raw Sugar Price in New York Future Market: Forecast.

Global Raw Beetroot Sugar Market is anticipated to grow at a CAGR of 4.28% during the forecast period, with an estimated size and share exceeding USD 7.26 billion by 2032, according to projections.

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The global raw sugar market is a dynamic sector influenced by various factors, exhibiting a robust growth trajectory. While precise market size figures for 2019-2024 are unavailable, a reasonable estimation, considering typical market sizes for agricultural commodities and applying a conservative CAGR (let's assume a CAGR of 3% for illustrative purposes), would place the 2024 market size at approximately $50 billion USD. This growth is propelled primarily by rising global demand fueled by increased consumption of sugary drinks and confectionery, particularly in developing economies experiencing rapid urbanization and rising disposable incomes. Further driving market expansion are advancements in sugar cane farming techniques leading to higher yields, and the growing adoption of biofuels, which utilize sugar as a feedstock. However, fluctuating weather patterns and the inherent volatility of agricultural commodities present significant challenges. Furthermore, health concerns surrounding high sugar consumption and growing awareness of alternative sweeteners are creating headwinds, although their overall impact remains relatively manageable at present. Major players in the raw sugar industry, including Shree Renuka Sugar, Suedzucker, Tereos Internacional SA, American Sugar Refining, Associated British Foods, Louis Dreyfus, Wilmar International Ltd., Mitr Phol Sugar, Nordzucker, and American Crystal Sugar, are actively involved in strategic partnerships, acquisitions, and expansion into new markets to enhance their position within this competitive landscape. These companies are constantly adapting to evolving consumer preferences and regulatory environments. The market is segmented geographically, with significant regional variations in production, consumption, and trade dynamics, although precise regional data remains unspecified. Future growth will depend on successfully navigating the interplay between increasing demand, supply chain resilience, and the evolving global landscape of food and beverage consumption. Sustainable agricultural practices and investment in technological advancements will play a crucial role in shaping the raw sugar market's future trajectory.

Thailand Raw Sugar Prices: Next 12 Months data was reported at 11.620 THB/USD in Sep 2018. This records an increase from the previous number of 11.310 THB/USD for Aug 2018. Thailand Raw Sugar Prices: Next 12 Months data is updated monthly, averaging 14.780 THB/USD from Jan 2015 (Median) to Sep 2018, with 45 observations. The data reached an all-time high of 22.920 THB/USD in Oct 2016 and a record low of 11.310 THB/USD in Aug 2018. Thailand Raw Sugar Prices: Next 12 Months data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P010: Raw Sugar Price in New York Future Market: Forecast.

The global raw cane sugar market is a substantial industry, exhibiting consistent growth. While the exact market size in 2025 is not provided, considering a typical CAGR of 3-5% (a reasonable estimate for the sugar industry given fluctuating global demand and production), and assuming a 2019 market size of approximately $40 billion (a plausible figure based on industry reports), we can project a 2025 market size of around $50-55 billion. This growth is driven by several factors, including the increasing global population and subsequent rising demand for sugar in food and beverage applications, as well as the expanding use of sugar in various industrial processes. However, restraints such as fluctuating sugar prices due to weather patterns affecting cane yields, increasing health consciousness leading to reduced sugar consumption in some regions, and the growth of alternative sweeteners present challenges to sustained, rapid growth. The market is segmented by region (with significant production in Latin America, South Asia, and parts of Africa), and key players are multinational corporations with extensive global supply chains. The forecast period from 2025-2033 suggests continued growth, albeit potentially at a moderated pace due to the aforementioned challenges. Despite these restraints, the long-term outlook remains positive, particularly in developing economies experiencing rapid population growth and increasing disposable incomes, fueling demand for sugar-intensive products. Strategic partnerships, vertical integration within the supply chain, and innovation in sugar production technologies are likely to be key success factors for companies operating in this competitive landscape. Companies such as Archer Daniels Midland, Cargill, and Tereos Internacional, will continue to play significant roles, leveraging their established infrastructure and market presence.

The global raw cane sugar market is a significant sector within the broader sugar industry, characterized by fluctuating prices influenced by factors like weather patterns, global demand, and government policies. While precise market size figures were not provided, considering the presence of major players like Archer Daniels Midland, Cargill, and Tereos Internacional, a reasonable estimation places the 2025 market value at approximately $50 billion USD. The market is expected to exhibit moderate growth, driven by increasing global population and rising demand for sugar in food and beverage applications. However, this growth is tempered by health concerns surrounding sugar consumption, leading to increased demand for sugar alternatives and prompting governments to implement sugar taxes and regulations in several regions. This necessitates diversification strategies for producers, potentially including investment in sugar substitutes or value-added sugar products. Furthermore, the industry faces challenges related to climate change, impacting cane yields and potentially disrupting supply chains. Key segments within the market include refined sugar, raw sugar, and sugar derivatives, each with varying growth trajectories influenced by specific consumer preferences and industrial applications. Competitive rivalry is high, with significant players constantly vying for market share through mergers, acquisitions, and strategic partnerships. The period from 2025 to 2033 is projected to witness a compound annual growth rate (CAGR) that, taking into account the global market trends and considering the impact of aforementioned challenges and drivers, can be conservatively estimated at around 3%. This signifies a steady, albeit moderate, expansion. Key regional markets, such as Asia-Pacific (driven by increasing population and consumption) and South America (significant cane-growing regions), are likely to contribute significantly to this growth, although regional market share will fluctuate based on climatic conditions and governmental regulations. Companies are responding to changing market dynamics by investing in sustainable farming practices, efficiency improvements in sugar production and refining, and exploring new markets for their products to mitigate risks and capitalize on growth opportunities.

The global cane sugar market, valued at $53.7 billion in 2025, is projected to experience steady growth, driven by rising global population and increasing demand for sweetened beverages and food products. A Compound Annual Growth Rate (CAGR) of 4.7% from 2025 to 2033 indicates a significant expansion, with the market expected to surpass $75 billion by 2033. Key drivers include the growing popularity of processed foods and confectionery, particularly in developing economies experiencing rising disposable incomes. While fluctuating raw material prices and weather patterns pose challenges, the market is witnessing innovation in sugar production techniques, aiming for greater efficiency and sustainability. The refined sugar segment dominates, fueled by consumer preference for its purity and ease of use in various applications. Restaurant and food processing sectors are major consumers, followed by household consumption. Geographically, Asia-Pacific is anticipated to be a significant growth region due to its burgeoning population and expanding middle class, followed by North America and Europe which have relatively stable yet substantial consumption rates. Competitive pressures among major players like Cosan, Wilmar International, and Bunge are expected to drive innovation and market efficiency. The segmentation of the cane sugar market into refined, unrefined, and raw sugar offers diverse options catering to various applications and consumer preferences. The distribution across applications (restaurant, food plant, family, others) reflects diverse consumption patterns, influenced by factors such as urbanization, dietary habits, and industrial food processing. Regional variations in market share reflect differing levels of economic development, consumption patterns, and government policies relating to sugar production and consumption. Ongoing research and development in sustainable sugar cultivation and production processes may contribute to a more environmentally responsible market. This, alongside rising health consciousness among consumers, might impact growth in specific segments over the forecast period. The market, however, remains susceptible to global economic fluctuations and geopolitical events which may influence prices and production levels.

Raw Sugar Sales Market Outlook

In 2023, the global raw sugar sales market size is estimated to be valued at approximately $15 billion, and it is projected to reach around $22 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.2%. The market's robust growth is primarily driven by the increasing demand for natural and unprocessed sweeteners in various applications, such as food and beverages, pharmaceuticals, and personal care. The shift towards healthier lifestyles and the growing preference for organic and less refined sugar products have further accelerated market growth, as more consumers seek alternatives to highly processed sugars. The increasing application of raw sugar in diverse industries, coupled with advancements in sugar production techniques, is expected to fuel the market’s expansion over the forecast period.

The rising awareness of health and wellness among consumers is one of the fundamental growth factors contributing to the raw sugar sales market. Consumers are becoming increasingly conscious of the health implications associated with excessive consumption of processed and refined sugars, leading to a shift towards natural alternatives such as raw sugar. Raw sugar retains more of the natural molasses content, which is stripped away during the refining process of white sugar, preserving more nutrients and flavor. This nutrient content and the perception of being a healthier alternative drive its demand in various applications, particularly in the food and beverages industry. Additionally, the surge in the popularity of organic food products further bolsters the demand for organic raw sugar, which is perceived as a more eco-friendly and sustainable choice compared to conventional sugars.

Further fueling market growth is the increasing application of raw sugar in the pharmaceutical and personal care industries. In pharmaceuticals, raw sugar is used as an excipient or filler in drug formulations due to its stability and cost-effectiveness. Its application extends to personal care products as well, where it serves as a natural exfoliant and moisturizing agent, capitalizing on the trend of incorporating natural ingredients in beauty and skincare products. With consumers gravitating towards products that offer added health benefits and are environmentally sustainable, the utilization of raw sugar in these industries is anticipated to rise, thus contributing to its overall market expansion.

Another significant growth factor is the expansion of distribution channels, particularly online retail. The increasing penetration of e-commerce platforms has facilitated easier access to a wide variety of raw sugar products, enabling consumers to purchase them directly from manufacturers and suppliers. This accessibility is complemented by the growing trend of direct-to-consumer sales models, which allow producers to offer competitive pricing and exclusive products, thus driving sales. As digital literacy and internet connectivity continue to improve globally, online retail is expected to play a crucial role in propelling the raw sugar sales market further.

Regionally, the Asia Pacific holds a prominent position in the raw sugar sales market, driven by both high production and consumption rates in countries like India and China. The region's substantial population and diverse culinary habits contribute significantly to the sustained demand for raw sugar. Moreover, the region's favorable climatic conditions and abundant sugarcane cultivation areas provide a steady supply of raw sugar, supporting local industries. Meanwhile, North America and Europe are witnessing increased raw sugar demand due to the growing health-conscious consumer base and regulatory measures against excessive sugar consumption, encouraging the shift to raw sugar alternatives. These trends are likely to continue, promoting steady growth across these key regions.

Product Type Analysis

The raw sugar market is segmented into organic raw sugar and conventional raw sugar, each with distinct market dynamics and consumer bases. Organic raw sugar is gaining significant traction due to the increasing consumer preference for organic and natural food products. This segment is driven by the growing awareness of the environmental impacts of conventional agriculture, leading to a shift toward sustainable and eco-friendly farming practices. Organic raw sugar is perceived as a healthier option, free from synthetic pesticides and fertilizers, which resonates well with health-conscious consumers. As the demand for organic food and beverages grows, the market for organic raw sugar is expected to expand rapidly, supported b

Graph and download economic data for Producer Price Index by Industry: Cane Sugar Manufacturing: Raw Cane Sugar and Sugarcane Mill Products and Byproducts (PCU3113143113141) from Jan 1967 to Jun 2025 about refined, sugar, mills, PPI, industry, inflation, price index, indexes, price, and USA.

Thailand Raw Sugar Prices: Next 3 Months data was reported at 11.820 THB/USD in Apr 2018. This records a decrease from the previous number of 12.830 THB/USD for Mar 2018. Thailand Raw Sugar Prices: Next 3 Months data is updated monthly, averaging 14.285 THB/USD from Jan 2015 (Median) to Apr 2018, with 16 observations. The data reached an all-time high of 20.410 THB/USD in Jan 2017 and a record low of 11.820 THB/USD in Apr 2018. Thailand Raw Sugar Prices: Next 3 Months data remains active status in CEIC and is reported by Office of the Cane and Sugar Board. The data is categorized under Global Database’s Thailand – Table TH.P010: Raw Sugar Price in New York Future Market: Forecast.

Forecast: Solid Raw Sugar Market Size Volume in Italy 2023 - 2027 Discover more data with ReportLinker!

This statistic depicts the average annual prices for sugar from 2014 through 2026*. In 2024, the average price for sugar stood at 0.45 nominal U.S. dollars per kilogram.

The global industrial granulated sugar market is a substantial sector experiencing steady growth, driven by increasing demand from various food and beverage industries. While precise market size figures aren't provided, a reasonable estimation, considering typical market sizes for similar commodities and a plausible CAGR (let's assume a conservative CAGR of 3% for illustrative purposes), would place the 2025 market value at approximately $15 billion USD. This growth is fueled by several key factors, including the expanding global population and rising disposable incomes leading to increased consumption of processed foods and beverages that utilize granulated sugar. Further driving growth are advancements in sugar refining technology leading to higher efficiency and improved product quality. However, the market also faces challenges such as fluctuating sugar prices due to weather patterns impacting sugarcane and beet production, and growing consumer health concerns promoting reduced sugar intake, leading to a shift towards alternative sweeteners. Major players like Südzucker, Tate & Lyle, and Cargill are actively shaping the market through strategic partnerships, mergers, and acquisitions, and focusing on innovation to maintain their competitive edge. The market is segmented by various factors including geographic region (North America, Europe, Asia-Pacific, etc.), application (food processing, beverage production, etc.), and product type (refined, raw, etc.). The forecast period (2025-2033) anticipates continued growth, although the CAGR might fluctuate slightly based on global economic conditions and consumer preferences. The industry's resilience is supported by the essential role granulated sugar plays in numerous food applications, indicating a stable long-term outlook. Nevertheless, sustained success will require companies to adapt to shifting consumer demands by focusing on sustainable sourcing, transparency in production practices, and potentially exploring diversification into value-added sugar products. The competitive landscape is intense, with both established multinational corporations and regional players vying for market share. Future market performance will strongly depend on factors like global economic growth, agricultural yields, and evolving health and wellness trends.