Sugar fell to 16.46 USd/Lbs on July 30, 2025, down 0.78% from the previous day. Over the past month, Sugar's price has risen 4.89%, but it is still 13.39% 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 July of 2025.

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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

The global cane sugar market is worth USD 63.4 billion in 2025 and is expected to grow to USD 88.6 billion by 2035, reflecting a CAGR of 3.4%. The demand for cane sugar is primarily driven by the expanding bakery and confectionery sectors, especially in regions such as Asia and Africa.

Metric	Value
Estimated Size (2025E)	USD 63.4 billion
Projected Size (2035F)	USD 88.6 billion
CAGR (2025 to 2035)	3.4%

Sugar Price Index in World decreased to 103.70 Index Points in June from 109.40 Index Points in May of 2025. This dataset includes a chart with historical data for World Sugar Price Index.

The worldwide organic cane sugar market size is estimated to grow from USD 8,796.7 million in 2024 to USD 13,753 million by 2034. Global sales of organic cane sugar will likely record a CAGR of 4.6% over the assessment period.

Attributes	Description
Estimated Global Organic Cane Sugar Market Size (2024E)	USD 8,796.7 million
Projected Value (2034F)	USD 13,753 million
Value-based CAGR (2024 to 2034)	4.6%

Country-wise Insights

Countries	CAGR 2024 to 2034
United States	3.2%
Germany	5.1%
China	3.8%
India	5.6%
Japan	4.5%

Category-wise Insights

Segment	Liquid/Syrup (By Form)
Value Share (2024)	15%

Segment	Confectionary Industry (By Application)
Value Share (2024)	21%

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.

The global sugarcane market is a dynamic sector exhibiting significant growth potential. While precise figures for market size and CAGR are unavailable, we can infer substantial market value based on the involvement of major players like Raizen, Cosan, Biosev, Bunge, Louis Dreyfus Company (LDC), and Sao Martinho. These companies’ substantial investments and operations suggest a multi-billion dollar market. The market’s growth is driven by increasing global demand for sugar and ethanol, fueled by rising populations and the expanding biofuel sector. This demand is further amplified by the increasing focus on renewable energy sources and sustainable agricultural practices. Trends indicate a shift toward higher-yielding sugarcane varieties and improved agricultural techniques to enhance productivity and efficiency. However, the market faces challenges such as fluctuating sugar prices, climate change impacts on crop yields, and the competition from other biofuel sources. Market segmentation likely includes different sugar types (raw, refined), ethanol production methods, and geographic regions, each with its unique growth trajectory. The study period of 2019-2033, with a forecast period from 2025-2033, indicates a long-term perspective on market evolution, suggesting considerable future investment and expansion opportunities. The sugarcane market's future growth hinges on addressing existing restraints. Sustainable farming practices will be crucial to mitigate climate change risks and ensure long-term yield stability. Technological advancements in sugarcane processing and ethanol production will be vital in improving efficiency and reducing costs. Strategic collaborations between producers, processors, and biofuel companies will foster better market integration and reduce supply chain vulnerabilities. The geographic distribution of sugarcane production, influenced by climatic conditions and land availability, will continue to shape regional market dynamics. Successfully navigating these challenges will be key to unlocking the full potential of this substantial and rapidly evolving market. Further research focusing on specific regional data and precise market sizing will provide more accurate market forecasts and actionable insights for investors and stakeholders.

The Indian sugar cane market expanded to $252.4B in 2024, picking up by 2.3% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sugar cane consumption peaked in 2024 and is expected to retain growth in the near future.

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.

Check out Market Research Intellect's Native Organic Cane Sugar Market Report, valued at USD 2.5 billion in 2024, with a projected growth to USD 4.1 billion by 2033 at a CAGR of 6.5% (2026-2033).

Pure cane sugar business across the world in 2023 was USD 62.2 billion. Pure cane sugar demand was growing at 10.9% per annum in 2024 and worldwide business would be USD 69 billion in 2025. World business from 2025-2035 would grow at a 5.7% CAGR and would be USD 120.1 billion in 2035.

Attribute	Description
Estimated Global Refined Cane Sugar Industry Size (2025E)	USD 69 billion
Projected Global Refined Cane Sugar Industry Value (2035F)	USD 120.1 billion
Value-based CAGR (2025 to 2035)	5.7%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.4%
H2 (2024 to 2034)	5.5%
H1 (2025 to 2035)	5.6%
H2 (2025 to 2035)	5.7%

Country-Wise Insights

Country	CAGR, 2025 to 2035
USA	4.8%
Germany	5.2%
China	6.5%
Japan	4.9%
India	5.1%

Category-Wise Insights

Segment	Value Share (2025)
Industrial & Food Processing (By Application)	71.5%

Segment	Value Share (2025)
Retail & Specialty Sugar Products (By Application)	28.5%

Sugarcane fiber bowls market will grow on a healthy CAGR by year 2025 to 2035. Sugarcane fiber bowls, made from bagasse and the fibrous leftover after the juice has been extracted from the sugarcane, will make an environmentally friendly alternative. Made from sustainable materials, these bowls are biodegradable, compostable, and also have very high sturdiness and durability, so you can use them in food and beverage-related works.

Metric	Value
Market Size in 2025	USD 50,276 million
Projected Market Size in 2035	USD 86,696 million
CAGR (2025 to 2035)	5.6%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	6.5%

Country	CAGR (2025 to 2035)
UK	6.8%

Country	CAGR (2025 to 2035)
European Union (EU)	7.0%

Country	CAGR (2025 to 2035)
Japan	6.2%

Country	CAGR (2025 to 2035)
South Korea	6.7%

Segmentation Outlook

By Type	Market Share (2025)
Classic Bowls	47%

By End-Use	Market Share (2025)
Quick Service Restaurants	39%

Competitive Outlook

Company Name	Estimated Market Share (%)
Eco-Products, Inc.	18-22%
Huhtamaki Group	14-18%
Vegware Ltd.	10-14%
Dine Earth	8-12%
Green Paper Products	6-10%
Other Companies	24-30%

Check out Market Research Intellect's Refined Cane Sugar Market Report, valued at USD 42.3 billion in 2024, with a projected growth to USD 56.1 billion by 2033 at a CAGR of 4.2% (2026-2033).

Sugar manufacturers have faced volatile commodity prices and fluctuating weather patterns over the five years through 2023-24. How milled sugar is marketed and exported is also changing, causing a shift in supply chain processes and uncertainty among sugar manufacturers. The industry revenue is expected to increase at an average annual rate of 2.3% over the five years through 2023-24 to an estimated $3.6 billion. However, industry revenue is expected to decrease by 0.9% in 2023-24. Both the world and the domestic price of sugar have significantly fluctuated, causing profitability concerns. Major sugar-producing nations, like Brazil and India, largely determine the global supply and price of sugar. Increased demand from major Asian economies like South Korea and Thailand boost exports. Over the past decade, the primary sugar exporters have gradually distanced themselves from Queensland Sugar Limited's (QSL) traditional single-desk export body, changing the industry's supply chain and pricing arrangements. The announcement prompted alarm from upstream contracted cane growers to sell to these manufacturers, with many expressing concerns that the move would incite intense price competition among QSL and the new export bodies. Nevertheless, sugar cane prices have increased faster than world sugar prices in Australian dollar terms, reducing profitability. Fluctuations in global demand and supply and domestic sugar cane production will likely continue to influence sugar manufacturers' performance. Output from the two largest global sugar producers, Brazil and India, is anticipated to have the most significant influence on global supply and sugar prices. World sugar prices are projected to fall over the next five years as increased production in major sugar-producing countries can lead to an oversupply in the global market. However, an anticipated appreciation of the Australian dollar will reduce the value received for sugar by local manufacturers in Australian dollar terms. Revenue is forecast to fall at an average annual rate of 0.7% over the five years through 2028-29 to an estimated $3.5 billion.

The cane molasses market of USD 3.8 billion in 2025 is forecast to expand at a CAGR of 5% during the forecast period to an estimated USD 6.3 billion by 2035. This growth is largely driven by the expanding applications in various industries, including food processing, animal feed, biofuels, and industrial fermentation.

Metric	Value
Industry Size (2025E)	USD 3.8 billion
Industry Value (2035F)	USD 6.3 billion
CAGR (2025 to 2035)	5%

Semi-Annual Market Update

Particular	Value CAGR
H1	4.2% (2024 to 2034)
H2	4.6% (2024 to 2034)
H1	4.8% (2025 to 2035)
H2	5% (2025 to 2035)

Segment-wise Analysis

Segment	Value Share (2025)
Blackstrap (By Type)	54.6%

Segment	Value Share (2025)
Liquid (By Form)	72.8%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	4.8%
UK	4.2%
France	3.9%
Germany	4.1%
Italy	3.7%
South Korea	5%
Japan	4.4%
China	6.2%
Australia	4%
New Zealand	3.8%

Competitive Outlook

Company Name	Estimated Market Share (%)
Bunge Limited	15-20%
Cargill, Incorporated	10-15%
Louis Dreyfus Company	10-15%
ED&F Man Holdings Ltd.	5-10%
Other Key Players	40-50%

The global consumption of sugar amounted to about ****** million metric tons in 2023/24, and is projected to increase to about ****** million metric tons by 2024/2025. With the increase in world trade, better agricultural technology, among other reasons, sugar is cheaper and more widely available than ever. Sugar cane and sugar beets There are two major crops used to produce table sugar, sugar cane and sugar beets. Though they are two separate and distinct plants, the end product is identical no matter which plant is used to manufacture the sugar. In 2021, ****** was the top producer of sugar cane worldwide, while the ****************** topped the list of sugar beets producers. Global sugar market In 2022/2023, about *** million metric tons of sugar were produced worldwide, up from ***** million metric tons of sugar in 2015/2016. India consumes the most sugar of any country, followed by the European Union and China. Between 2026 and 2031, the global price of sugar is expected to increase from about *** U.S. dollars per ton to about *** U.S. dollars per ton. The increase would still mark a lower price than sugar costs in 2022. This means that sugar might be even more readily accessible and affordable in the future, this could lead to further global health problems associated with excess sugar consumption.

The Asia-Pacific (APAC) cane sugar market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 8.60% from 2025 to 2033. This expansion is fueled by several key factors. The rising demand for processed foods and beverages, particularly in rapidly developing economies like India and China, significantly drives consumption. Furthermore, the increasing popularity of bakery and confectionery products across the region contributes to higher sugar demand. The growth is also supported by the expanding dairy industry and the continuous innovation in beverage formulations utilizing cane sugar. However, the market faces challenges such as fluctuating raw material prices, stringent government regulations on sugar production and consumption in certain countries, and growing concerns about the health implications of high sugar intake, potentially leading to increased demand for sugar substitutes. The market segmentation reveals significant opportunities within the organic cane sugar segment, predicted to gain traction due to rising health consciousness among consumers. Crystallized sugar maintains a substantial market share, while liquid syrup is experiencing growth due to its convenience in various food processing applications. China, India, and Japan are major market players, with substantial production and consumption levels, driving the regional growth. The "Rest of Asia-Pacific" segment also presents potential for future expansion, fueled by rising disposable incomes and changing dietary habits. Competition is intense, with established players like Tate & Lyle PLC and Wilmar Sugar Australia Holdings Pty Ltd alongside regional giants like Rana Sugars Limited and DCM Shriram Consolidated Limited vying for market dominance. The future trajectory of the APAC cane sugar market will depend on the interplay of several factors. Strategic collaborations and mergers and acquisitions are expected amongst existing players and new entrants. Companies are likely to focus on diversification through organic sugar offerings and sustainable production practices to address consumer health concerns and environmental regulations. Technological advancements in sugar refining and processing are anticipated to enhance efficiency and reduce production costs. Furthermore, effective government policies that balance sugar production with health initiatives will shape the overall market landscape. The focus on value-added sugar products, catering to specific consumer segments (e.g., organic, low-glycemic), is likely to gain prominence. Precise forecasting requires detailed regional data; however, based on the overall market dynamics, a conservative estimate suggests a market size exceeding $XX million by 2033. Recent developments include: December 2021: MSM Malaysia Holdings Bhd (MSM Malaysia) and Wilmar Sugar Pty Ltd (Wilmar Sugar) inked a collaboration agreement to build a sustainable sugar supply chain. MSM Malaysia and Wilmar Sugar will embark on joint efforts to assist and support each other to pilot an approach to enable sustainable raw sugar sourcing within both companies' joint supply chains by focusing on traceability reporting of sugar supplies and monitoring sustainability performance based on the NDPE Sugar Policy., November 2021: DCM Shriram Ltd announced an investment of over USD 4.22 million to expand the capacity of sugar mills. The company approved three investment proposals for the sugar business to capitalize on the increase in sugarcane availability in its catchment area, enhance the capacity for the production of refined sugar due to consumer preference, and build feedstock flexibility for its distilleries., November 2021: The Sugar Research Institute of Fiji released a new cane variety for commercial planting in the 2022 planting season. The variety had a high sugar content leading to better yield, more income for the growers, and increased total sugar production.. Notable trends are: Increased Trade of Organic Cane Sugar.

India Sugar Market Research Report - The report provides statistics on production, revenue, consumption, market segment, production process, market share of major players and sugar mills in India.

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.

Technological advancements in the China Sugar Cane industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.