Sugar rose to 15.89 USd/Lbs on September 10, 2025, up 0.32% from the previous day. Over the past month, Sugar's price has fallen 3.64%, and is down 15.17% compared to the same time last year, 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 September of 2025.

The sugar market attained a volume of 182.11 Million Tons in 2024. The industry is expected to grow at a CAGR of 1.00% during the forecast period of 2025-2034. By 2034, the market is expected to reach a volume of 201.16 Million Tons.

The global sugar market is experiencing rapid growth due to rising consumption in emerging economies. Population growth, urbanization, and increasing disposable incomes in Asia and Africa are key contributors. According to industry reports, the global consumption of sugar was estimated to reach 182.867 million tonnes in 2024-25. India and China are also leading this surge, with growing middle classes consuming more processed foods and sugary beverages.

Government biofuel mandates and evolving energy market trends are shaping decisions in the sugar industry, particularly in countries where sugarcane is a key feedstock for ethanol production. Brazil and India are largely implementing ethanol blending programs. In October 2024, India accelerated its ethanol blending targets with a 20% ethanol-petrol blending by 2025. These policies are incentivizing producers to divert sugarcane from sugar production to ethanol when fuel prices are high or blending mandates are increased.

Packaging innovations are boosting the sugar market dynamics for improving product freshness, convenience, and sustainability. Advanced packaging materials and recyclable plastics are limiting environmental impacts, appealing to eco-conscious consumers. In June 2024, prominent French sugar brand Cristalco transitioned its 500g Daddy Sugar icing sugar container from plastic to a fully recyclable Sonoco cardboard design. These innovations are enhancing brand differentiation and shelf appeal, allowing companies to attract new customers and enter niche markets.

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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. Sugarcan

The Global Cane Sugar Market Report Segments the Industry Into Ingredient Type (White Cane Sugar, and More); Category (Organic and Conventional); Form (Crystallized Sugar and Liquid Syrup); Application (Bakery & Confectionery, Dairy, Beverages, Savory Snacks, and More); and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

The global beet sugar market is valued at USD 4.8 billion in 2025 and is projected to reach USD 8.2 billion by 2035, growing at a CAGR of 5.4%.

Top Countries Cultivating, Processing, and Accelerating Demand in the Beet Sugar Market

Explore the growth potential of Market Research Intellect's Date Sugar Market Report, valued at USD 600 million in 2024, with a forecasted market size of USD 1.2 billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033.

According to Cognitive Market Research, the global Liquid Sugar Market size will be USD 81.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 32.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 24.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 18.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The bakery held the highest Liquid Sugar Market revenue share in 2024.

Market Dynamics of Liquid Sugar Market

Key Drivers for Liquid Sugar Market

Growing Preference for Foods and Drinks to Increase the Demand Globally

The Liquid Sugar Market has experienced growth because of the beverages sector's growing need for liquid sugar. The demand will increase due to the expanding use of liquid sugar by food-processing producers. Liquid sugar is used in food processing for a variety of purposes besides sweetness, including enforceable, expanding, and food preservation. It is anticipated that during this period, sugarcane will continue to be an important supplier of essential components for the manufacturing of liquid sugar. Expanding the usage of sugar beet as an ingredient is mostly due to its high output volume and the notable expansion of the region growing to sugarcane.

Increasing Awareness of Health to Propel Market Growth

The Liquid Sugar Market has witnessed steady growth, driven by increasing consumer attention to health as well as an increasing interest in clean and nutritious foods. The demand for liquid sugar is predicted to grow as a result of governmental measures to support sugar farming, which is the main ingredient that is utilized for the manufacture of liquid sugar. A common addition in the food processing manufacturing business is liquid sugar. The food and beverage sector's need for liquid sugar is expected to be driven by its superior adding and melting qualities. Using liquid sugar will assist the baked goods and confection industries in keeping their products fresher and juicier for long stretch periods.

Restraint Factor for the Liquid Sugar Market

Inadequate Facilities for Healthcare to Limit the Sales

The expansion of the Liquid Sugar Market is largely restricted because liquid sugar is unstable and requires special handling. Its expensive shipping expenses are impeding the expansion of the sugar industry. Organic materials like extracted plants, crucial compounds, and other natural materials are used extensively to manufacture liquid sugar. It is unstable and requires special handling, and it is expensive shipping es. The markets' demand, geopolitical developments, and climatic circumstances, among other things, can all impact these raw materials prices. Raw material price fluctuations pose many difficulties for organizations operating in the industry. Higher production costs may impact manufacturers' profit margins and pricing.

Impact of Covid-19 on the Liquid Sugar Market

The Liquid Sugar Market has witnessed growth due to rising demand for innovative technology. Key drivers include increasing awareness about health. The worldwide epidemic of the COVID-19 pandemic in the liquid sugar industry resulted in transportation issues. Demand for food has increased as a result of the COVID-19 epidemic. Still, manufacturers have been unable to transport their goods to the distribution as a result of an interruption in the logistics process. Furthermore, despite a strong demand for the goods, natural fruit is being wasted as a result of supply chain delays. The pandemic's effects on consumer preferences and activity affected the nutrition and drink industry's downstream chains. The cessation of business operations i...

By 2035, the Sugar Market is estimated to expand to USD 142.1 Billion, showcasing a robust CAGR of 6.6% between 2025 and 2035, starting from a valuation of USD 70.35 Billion in 2024.

This statistic shows the sugar production worldwide in 2024/25, by leading country (in million metric tons). For the time considered, Brazil was the largest sugar-producing country in the world, yielding approximately 44 million metric tons of sugar. The global sugar production amounted to roughly 181 million metric tons that period. Sugar production - additional information Sugar, used as a sweetener in food and beverages, is a sweet crystalline substance acquired from various plants, such as sugar cane and sugar beet. It is said that sugar had first been used in the Polynesian Islands more than five thousand years ago. Early Polynesians discovered that sugar cane held a sweet-tasting liquid and could be used in preparing food. Sugar cane then became widespread due to trade, invasions and conquests. In 1493, Christopher Columbus brought sugar cane to the Caribbean and the crop thrived in the fertile environment. In 2022/23, approximately 177 million metric tons of sugar were produced worldwide. During this period, Asia was the largest sugar-producing region in the world, yielding just about 60 million metric tons of sugar. Sugar production in Brazil has fluctuated over the past five years. In 2010/2011, the country produced approximately 38.4 million metric tons of sugar. However, this figure decreased to roughly 34.4 million metric tons in 2021/22. In 2021, Brazil was the leading global sugar cane producer, with a production volume of 716 million metric tons. That year, the Russian Federation and France were the primary sugar beet producers worldwide.

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.

The global liquid sugar market is forecast to grow from USD 81.1 million in 2025 to USD 142.3 million by 2035, registering a CAGR of 5.8% over the forecast period.

Semi-annual Market Update for Liquid Sugar Market

Country-Wise Insights

Global sugar market analysis for the period 2022-2030, including consumption, production, imports, and exports. Detailed insights into key consuming and producing countries, with market projections and trends.

The Industrial Sugar Market size is expected to reach a valuation of USD 76.34 Billion in 2033 growing at a CAGR of 5.5%. The research report classifies market by share, trend, demand and based on segmentation by Type, Source, Form, Application and Regional Outlook.

The consumption of botanical sugar underlines the rate of development in the global market, as its estimated worth is USD 127.7 million for the year 2025. During the next period of fifteen years, the market is going to be increased with the help of an average annual growth rate of 8.5%. If the current trend continues, the market will be worth USD 288.8 million by 2035.

Competitive Outlook

The United States sugar market size reached attained a volume of 11.74 MMT in 2024. The market is projected to grow at a CAGR of 1.20% between 2025 and 2034 to reach nearly 13.23 MMT by 2034.

The market value of the global sugar industry has fluctuated since 2012. In 2012, the global sugar manufacturing industry was valued at over *** billion U.S. dollars, compared to only about ** billion U.S. dollars in 2019. The forecast value for 2023 is about **** billion U.S. dollars.

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.

The global refined sugar market is a substantial industry, exhibiting consistent growth driven by increasing global population, rising disposable incomes, and the continued demand for sweetened food and beverages. While precise market size figures are unavailable, based on industry reports and typical growth rates for comparable sectors, a reasonable estimate for the 2025 market size could be placed around $50 billion USD. Considering a CAGR (Compound Annual Growth Rate) of, let's assume, 3%, the market is projected to reach approximately $65 billion USD by 2033. This growth is fueled by several key factors: expanding consumption in developing economies, the incorporation of sugar into processed foods and drinks, and the lack of widespread adoption of alternative sweeteners on a large scale. However, the market also faces significant headwinds, including increasing health consciousness leading to reduced sugar consumption in developed nations, governmental regulations aimed at mitigating health risks associated with excessive sugar intake, and fluctuations in raw sugar prices impacting production costs. The market is segmented by various factors including geographic region, distribution channel (retail, food service, etc.), and product type (granulated, powdered, etc.). Key players in the refined sugar market are established multinational corporations such as Südzucker, Cargill, American Crystal Sugar, Imperial Sugar, C&H Sugar, Domino Sugar, Taikoo, and Wholesome Sweeteners, who compete intensely based on price, quality, and brand recognition. The competitive landscape is expected to remain dynamic with ongoing mergers, acquisitions, and strategic partnerships shaping the market structure. Furthermore, future market growth will depend on successful product diversification, innovation in sugar production technologies and the ability to adapt to changing consumer preferences and regulatory environments. Companies are actively exploring sustainable sourcing practices and exploring opportunities within the organic and specialty sugar segments to gain a competitive edge.

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.

Country-wise Insights

Category-wise Insights