Sugar decreased 0.21 Cents/LB or 1.07% since the beginning of 2025, 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 March of 2025.

The global price of high fructose corn syrup was forecast to decrease between 2023 and 2032 by in total 71.5 U.S. dollars per tonnes. This overall decrease does not happen continuously, notably not in 2026, 2027, 2028, 2029, 2030, 2031 and 2032. The global price is estimated to amount to 758.23 U.S. dollars per tonnes in 2032. Notably, the global price of high fructose corn syrup was continuously increasing over the past years.World price refers to the price of commodities outside of one's own country and is determined by global levels of supply and demand. Sugar manufacturing

Sugar manufacturing is a long and meticulous process to execute. The initial steps include cleaning, milling, and clarification; it then moves to evaporation and crystallization, finishing with crystal separation. The sugar is refined before it hits the shelves to ensure all impurities get extracted. In 2023, the sugar manufacturing market value was forecasted at around 78 billion U.S. dollars, a 45 percent decrease from the market value in 2012. Since 2012, the decrease has fluctuated between 60 to 90 billion U.S. dollars .

Sugar production and consumption

As of 2023/2024, sugar production worldwide was about 183 million metric tons, a 13 percent increase from 2010/2011. The production value is forecasted to increase by just over 2 million metric tons by 2024/2025. Sugar consumption worldwide is also forecasted to slightly increase in 2024/2025 by just over 1 million metric tons from the previous year. The consumption of sugar has grown over the years and has increased by just over 13 percent from 2010/2011 to 2023/2024.

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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 experiencing significant growth, driven primarily by the increasing demand for raw sugar in various food and beverage applications. This trend is particularly prominent in the global food industry, where raw sugar is widely used as a sweetener in baked goods, confectionery, and beverages. Additionally, the emergence of e-commerce platforms has facilitated the easy availability and accessibility of raw sugar to consumers, further fueling market growth. However, the high production cost of raw sugar poses a significant challenge to market participants. Producers must navigate this cost structure to remain competitive and maintain profitability. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on optimizing production costs, exploring alternative sources of raw materials, and expanding their presence in emerging markets. By staying informed of these market dynamics, businesses can make strategic decisions and operational plans that position them for success in the evolving the market.

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

Request Free SampleThe market encompasses the global trade of raw, unrefined sugar derived primarily from the sap of sugarcane. This market exhibits significant volatility due to various factors, including supply and demand dynamics, weather conditions affecting crop production, and geopolitical influences. The market size is substantial, with key applications including food and beverage manufacturing, biofuel blending, and various industrial processes. Raw sugar's versatility extends to various industries, making it an essential ingredient in various sectors. In food and beverage production, it serves as a sweetener, texture modifier, flavoring agent, coloring agent, and bulking agent. In the industrial sector, it is used as a fermentation substrate and natural preservative. The Intercontinental Exchange (ICE) plays a crucial role in the market, providing a platform for trading raw sugar futures and CFD financial instruments. The market is subject to tariff barriers and other trade regulations, which can impact prices and availability. The trend towards clean label and natural products has led to increased demand for raw sugar in certain applications. Biofuel blending also presents a significant growth opportunity for raw sugar, as it is used as a feedstock in the production of bioethanol.

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. ProductLiquid sugarCrystallized sugarTypeConventionalOrganicGeographyAPACChinaIndiaJapanSouth AmericaBrazilEuropeFranceGermanyItalyUKNorth AmericaUSCanadaMiddle East and Africa

By Product Insights

The liquid sugar segment is estimated to witness significant growth during the forecast period.Raw sugar is a fundamental agricultural commodity used extensively in various industries, including food and beverage manufacturing and biofuel production. According to recent market research, The market size was estimated at around 142.5 million metric tons in 2020, with an average price of USD0.13 per lb. Cane crop is the primary source of raw sugar, accounting for over 70% of the global production. The production mix also includes sugar beet and cane juice. Biofuel ethanol is another significant application of raw sugar, with an estimated 10% of the global sugar output used for this purpose. Median estimates suggest that this trend will continue, leading to a small increase in demand for raw sugar. Poll participants anticipate that the Green Pool, a raw sugar futures contract on The Intercontinental Exchange, will influence sugar prices. The fuel ethanol industry's growth is influenced by crude oil benchmarks and sugar ethanol prices. Cane producers benefit from biofuel blending mandates, while glass manufacturing industries, such as float, sheet, rolled, solar, tempered, laminated, insulated, coated, energy-efficient, and architectural glass, use raw sugar as a natural preservative, texture modifier, fermentation substrate, flavoring agent, and coloring agent. However, tariff barriers, EU sugar policy, climate change, and water scarcity pose challenges to the market's growth. The , , and various research firms like , , and

Get a glance at the market report of share of various segments Request Free Sample

The Liquid sugar segment was valued at USD 765.70 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 45% to the growth of

The global production volume of sugar was forecast to increase between 2023 and 2033 by in total 20.9 billion tonnes (+11.5 percent). This overall increase does not happen continuously, notably not in 2026 and 2027. After the sixth consecutive increasing year, the production volume is estimated to reach 202.1 billion tonnes and therefore a new peak in 2033. Notably, the production volume of sugar was continuously increasing over the past years.Production is the process of manufacturing goods. The output is generally measured in volume.

The global sugar cane market contracted to $1,491B in 2024, stabilizing at the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $1,542.8B. From 2016 to 2024, the growth of the global market failed to regain momentum.

The Global Sugar Market is segmented by Category (Organic and Conventional); By Form (Crystallized Sugar and Liquid Syrup); Application (Bakery & Confectionery, Dairy, Beverages, and Other Applications); and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The market size and forecasts for Cane Sugar Market in value (USD million) for all the above segments.

The Indian sugar cane market shrank slightly to $231.7B in 2024, which is down by -2% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sugar cane consumption peaked at $236.5B in 2023, and then contracted slightly in the following year.

In 2024, the global sugar market increased by 3.2% to $119.5B, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the global market hit record highs at $126.4B in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

Forecast: Refined Sugar Production in Mexico 2023 - 2027 Discover more data with ReportLinker!

This statistic shows the projected global sugar cane production from 2016 to 2026. According to the report, approximately 1.84 billion tons of sugar cane were produced worldwide on average between 2014 and 2016. Global sugar cane production was expected to exceed 2.2 billion tons by 2026.

This year, world sugar production is expected to rise by 3% to 193M tons. The growth will be encouraged by favorable weather conditions in most of the largest producing countries, as well as the providing exemptions on the neonicotinoid usage against plant diseases and blights in France, Germany and the UK. The drop in sugar production and shipments from Brazil will be offset by large volumes coming from Thailand, which will boost global exports by +2.6% y-o-y. The increased supply in the world market is to keep sugar prices relatively stable over the next two years.

The Pakistani sugar cane market reduced to $46.7B in 2024, shrinking by -2.2% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2024: its value increased at an average annual rate of +2.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +2.3% against 2022 indices.

In 2024, after two years of growth, there was decline in the Bahraini sugar market, when its value decreased by -3.4% to $43M. Overall, consumption saw a pronounced reduction. As a result, consumption attained the peak level of $154M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

The size and share of the market is categorized based on Application (Restaurant, Food Plant, Family, Other) and Product (Nordic Sugar, White Sugar, Brown Sugar, Rock Sugar, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The revenue of the sugar cane market in Mali amounted to $X in 2018, flattening at the previous year. Over the period under review, the total market indicated a noticeable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sugar cane consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Mali sugar cane consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Forecast: Refined Sugar Production in the US 2023 - 2027 Discover more data with ReportLinker!

After three years of growth, the UK sugar market decreased by -26.7% to $496M in 2024. In general, consumption saw a pronounced descent. Over the period under review, the market reached the maximum level at $734M in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

In 2024, the Asian sugar market increased by 12% to $55B, rising for the fourth consecutive year after three years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2024 and is likely to see gradual growth in years to come.

The Mexican sugar cane market was estimated at $42.8B in 2024, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $53B in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

With a growing global demand for sugar, the market is expected to see a steady increase in consumption over the next decade. Forecasts indicate a positive trend pattern with a projected market volume of 199M tons and market value of $147.9B by 2035.