Sugar fell to 14.63 USd/Lbs on October 27, 2025, down 2.25% from the previous day. Over the past month, Sugar's price has fallen 11.04%, and is down 33.48% 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 October of 2025.

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Raw Sugar Market Size 2025-2029

The raw sugar market size is valued to increase USD 152.7 million, at a CAGR of 2.3% from 2024 to 2029. Rise in demand for raw sugar in food and beverage applications will drive the raw sugar market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 45% growth during the forecast period.
By Product - Liquid sugar segment was valued at USD 765.70 million in 2023
By Type - Conventional segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 14.37 million
Market Future Opportunities: USD 152.70 million
CAGR : 2.3%
APAC: Largest market in 2023

Market Summary

The market encompasses the production, distribution, and consumption of raw sugar, a fundamental sweetener in various industries. Key applications include food and beverage manufacturing, where raw sugar's distinctive taste and properties contribute to the production of a wide range of products. A significant market driver is the rising demand for raw sugar in this sector, particularly due to increasing consumer preferences for natural and organic food items. Another influential factor is the emergence of e-commerce platforms, enabling easier access to raw sugar for businesses and consumers alike.
However, the market faces challenges, such as high production costs, which can impact profitability. According to recent reports, raw sugar accounts for approximately 70% of the global sugar market share. This dynamic market continues to unfold, with ongoing trends and patterns shaping its future.

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

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How is the Raw Sugar Market Segmented and what are the key trends of market segmentation?

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.

Raw sugar undergoes a transformation into liquid sugar through the addition of water, resulting in a viscous syrup that offers convenience and versatility for manufacturers. This form of sugar is extensively utilized in various industries, particularly in the production of beverages like carbonated soft drinks, sports drinks, and juices. Its quick and even dissolution properties make it an indispensable ingredient, ensuring consistent product texture and flavor. In the baking sector, liquid sugar is employed for creating cakes, cookies, and pastries. Its stability is a significant advantage, allowing manufacturers to maintain precise control over their products' characteristics. According to recent studies, the adoption of liquid sugar in the food and beverage industry has experienced a notable increase of around 18%, underscoring its growing popularity.

Moreover, advancements in sensor technologies and sugar refining processes have led to improvements in reducing sugars content, resulting in higher sugar purity. Centrifugal separation and byproduct valorization techniques have been instrumental in optimizing sugarcane processing efficiency. Wastewater treatment and polarization degree measurement are essential components of quality control systems, ensuring the production of superior sugar. Data Analytics applications, such as process control algorithms, have enabled predictive modeling and energy efficiency improvements, contributing to the sugar industry's ongoing evolution. Automation technologies and process optimization strategies have also played a crucial role in enhancing productivity and reducing costs. The production of molasses, a byproduct of sugar refining, has gained significant attention due to its potential applications in various industries.

Turbidity measurement and color removal techniques are essential for maintaining the desired clarity in sugarcane juice clarification. Crystallization process advancements, including crystal size distribution and predictive modeling, have led to more

The sugar market size 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.

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 Brazil Sugar Market Report is Segmented by Form (Crystallized Sugar, Liquid Sugar), Product Category (Raw Sugar, White Refined, VHP Sugar, Organic), Application (Food & Beverage, Pharmaceuticals, Industrial, Biofuel/Ethanol, Other Applications), and Geography (São Paulo, Goiás, Minas Gerais, Paraná, Mato Grosso Do Sul, Other States). The Market Forecasts are Provided in Terms of Value (USD).

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

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.

Attributes	Description
Estimated Global Liquid Sugar Industry Size (2025E)	USD 81.1 million
Projected Global Liquid Sugar Industry Value (2035F)	USD 142.3 million
Value-based CAGR (2025 to 2035)	5.8%

Semi-annual Market Update for Liquid Sugar Market

Particular	Value CAGR
H1	5.4 % (2024 to 2034)
H2	5.5 % (2024 to 2034)
H1	5.7 % (2025 to 2035)
H2	5.8 % (2025 to 2035)

Country-Wise Insights

Country	CAGR, 2025 to 2035
USA	5.4%
Germany	4.9%
China	6.5%
Japan	5.2%
India	7.1%

Available data formats for the Egypt Sugar Market Size, Share, Opportunities, And Trends By Form (Granulated, Powdered, Syrup), By Source (Cane Sugar, Beet Sugar), By Use (Food And Beverage, Pharmaceuticals), And By Distribution Channel (Online, Offline) - Forecasts From 2025 To 2030 report.

Sugar Market size was 181.22 million tons in 2024 and is set to hit 239.22 million tons by 2030, growing at 5.71% CAGR, driven by food & beverage demand.

In 2024, Market Research Intellect valued the Date Sugar Market Report at USD 600 million, with expectations to reach USD 1.2 billion by 2033 at a CAGR of 8.5%.Understand drivers of market demand, strategic innovations, and the role of top competitors.

This statistic shows sugar consumption worldwide in 2024/25, by leading country (in million metric tons). For the time considered, India had a total sugar consumption amounting to approximately 29.5 million metric tons. The global sugar consumption exceeded 175.4 million metric tons during that period. Sugar facts Sugar, a sweet crystalline substance obtained from sugar cane or sugar beet, is used as a sweetener in food and beverages. Although sugar is a source of carbohydrates and energy, it is packed with empty calories since it does not provide vitamins or minerals. Consuming a lot of sugar can fill one up without supplying any needed nutrients. Varieties of sugar include white, brown and confectioner’s sugar. Consumption and production In 2022/23, some countries in Asia had the highest sugar consumption globally. The European Union, the United States, and Brazil were also among the top sugar consumers. Total U.S. sugar consumption amounted to about 11.5 million metric tons between 2022 and 2023. During the same period, approximately 177 million metric tons of sugar were produced worldwide. Brazil was the top sugar producer in the world, as well as the principal sugar-exporting country in 2022/23.

The USA Sugar Market size is valued at USD 14,947 million in 2023, driven by market forecast, industry trends, and player analysis. Explore insights on market segmentation, revenue, and strategic growth.

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.

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.

Sugar manufacturers have faced volatile commodity prices and fluctuating weather patterns over the past five years. Over this timeframe, strong export growth has helped industry revenue weather these challenges. Advanced infrastructure, like private sugarcane railway systems and strategically located bulk sugar terminals, has maximised the efficiency of transporting Australian sugar to international markets. These advantages, coupled with economies of scale from large-scale production, have made Australian sugar more competitive globally, helping to boost export volumes. Manufacturers have diversified income streams by using bagasse, a byproduct of sugar production, as a sustainable energy source, which has contributed to an improvement in industry profitability. Recently, India’s partial lifting of its export caps on sugar, imposed to prevent a spike in the country’s domestic sugar prices, has increased global supply, driving down world sugar prices. Domestic consumer preferences have shifted as awareness of health risks associated with sugar consumption has grown, leading more individuals to seek healthier alternatives. This shift has subdued domestic demand, contributing to a forecast 3.8% decline in industry revenue in 2025-26 to $3.9 billion. Overall, industry revenue is expected to climb at an annualised 2.3% over the five years through 2025-26. Over the past decade, major players have consolidated their dominance in the industry. Wilmar Sugar, Mackay Sugar, MSF Sugar, Tully Sugar and Bundaberg Sugar collectively control 95.1% of the market share. These companies have leveraged their size to negotiate more favourable shipping rates, strengthening their competitive position. Fluctuations in global demand and supply and domestic sugarcane production will continue to influence sugar manufacturers' performance. Output from the two largest global sugar producers, Brazil and India, is forecast to have the most significant influence on global supply and sugar prices. Australian manufacturers are well-positioned to expand their international presence, leveraging production capacity and efficient logistics to enhance their competitiveness in international markets and maintain exports. Industry revenue is forecast to remain relatively stable over the five years through 2030-31, at $3.9 billion.

Brazil has the highest export volume of sugar of any country, at about 35 million metric tons as of 2024/25. The second largest sugar exporter, Thailand, had significantly less export volume compared to Brazil, at about 10 million metric tons of sugar that year. Sugar production in Brazil As well as being the top exporter of sugar, Brazil is also the top producer of sugarcane in the world by a large margin. In 2021, Brazil produced some 715.7 million metric tons of sugarcane, almost twice as much as India, the second largest producer. Once the sugarcane is refined into pure sugar, Brazil produced nearly 35 million metric tons of processed sugar in 2022/2023. This figure has fluctuated over the last several years. Global sugar consumption Between 2010 and 2023, global sugar consumption has increased by over million metric tons, from 156 million metric tons to around 176 million metric tons. The top three countries by sugar consumption in 2022/2023 were India, the European Union, and China, in that order. Though China has a larger population than India, India consumed about 12.5 million metric tons more sugar than China in that year.

The FAO Sugar Price Index was measured at 103.6 points for August 2025. 2023 saw the highest prices since 2011. The combined impact of the coronavirus pandemic, the war in Ukraine, and high inflation rates likely contributed to increasing prices in past years. Global sugar price In 2024, the global sugar price is forecast to decrease by more than ten percent, as compared to 2023. In general, total sugar consumption worldwide increased slightly in previous years. In 2010/11, the global consumption of sugar amounted to about 156 million metric tons. By 2024/25, it had increased to about 174 million metric tons. However, the market value of the global sugar industry has fluctuated and generally declined over the years. In 2012, the global sugar manufacturing industry was valued at over 113 billion U.S. dollars, compared to an estimated 78.1 billion U.S. dollars in 2023. Global sugar exports Total estimated global sugar exports amount to more than 65 million metric tons per year. The leading sugar-exporting country worldwide is Brazil. The South American country is the world’s largest sugar producer and accounts for about half of the entire global sugar exports. Thailand and India are the countries with the second and third most sugar exports worldwide. Those two countries export about 10 and 3.5 million metric tons of sugar per year, respectively. The main importer of sugar worldwide is Indonesia. The Southeast Asian country imports approximately five million metric tons of sugar. The United States ranks in third place, with sugar imports of about 3.12 million metric tons of sugar annually.

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.

According to Cognitive Market Research, the refined sugar market size is expected to reach USD XX Million by 2024 and is projected to grow to USD XX Million by the end of 2033, expanding at a CAGR of XX% from 2025 to 2033.

Asia-Pacific held largest share of XX% in the year 2024 
Europe held share of XX% in the year 2024 
North America held significant share of XX% in the year 2024 
South America held significant share of XX% in the year 2024
Middle East and Africa held significant share of XX% in the year 2024 

Market Dynamics of Refined Sugar Market

Key Drivers for Refined Sugar Market

Increasing Demand for Processed Food & Beverages to Boost Market Growth

Greater reliance on convenience and ready-to-eat foods, which frequently contain refined sugar as a primary ingredient, is a result of growing urban populations. The popularity of packaged meals and beverages is influenced by time restrictions and households with two incomes. Furthermore, the use of sugar in drinks, sauces, marinades, and desserts has expanded as a result of the global expansion of cafes, restaurants, and fast-food chains. The consumption of processed foods high in sugar is further increased by the growth of food delivery services. Additionally, to draw in customers, food and beverage firms are launching inventive new items, many of which contain refined sugar. Demand for sugar occasionally rises as a result of seasonal and limited-edition items, particularly during holiday seasons.

Increasing Product Portfolio to Drive Market Growth

The increasing product portfolio by the key players is expected to drive the growth of the market during the forecast period. For instance, in August 2023, Better White Clear White Sugar was introduced to the market by Central Sugars Refinery Sdn. Bhd. (CSR), adding a new product to its lineup. This new product further solidifies CSR's standing as Malaysia's sugar expert by enhancing its existing line of premium sugar products. The outcome of lengthy refining procedures, BETTER WHITE is a purer and more aesthetically pleasing sugar. This premium sugar maintains the quality and taste preferences of Malaysians while having an improved appearance. Better White is ideal for any sweet time because of its superior quality and improved appearance. This premium sugar improves the flavor and appearance of any culinary product, whether it's a cup of coffee, a homemade dessert, or a refreshing beverage. In particular, BETTER WHITE will provide whiter, more aesthetically pleasing baking goods that will be more appealing to customers in the bakery sector.

Restraint Factor for the Refined Sugar Market

Growing health concerns and dietary shifts towards healthier alternatives are hampering the growth of the refined sugar market.

Rising health concerns and changing dietary preferences are increasingly hindering the growth of the refined sugar industry. As awareness grows about the negative health impacts of too much refined sugar, such as weight gain, diabetes, heart issues, non-alcoholic fatty liver disease (NAFLD), cognitive decline, and certain cancers, people are actively cutting back on added sugars, especially in drinks and processed foods. This increased health awareness boosts demand for sugar substitutes like artificial sweeteners and natural options like stevia, as well as products with lower or no added sugar. Additionally, consumers prefer natural sugars from fruits and honey over refined sugar. In response, the food and beverage sector is reformulating products to include more low-sugar or sugar-free choices, launching initiatives to reduce sugar, and using alternative sweeteners to meet changing consumer needs. These trends are collectively decelerating the overall growth of the refined sugar market, as health-focused dietary changes continue to influence consumption patterns worldwide. Introduction of the Refined Sugar Market

Refined sugar is produced by extracting and processing natural sugars from foods such as corn, sugar beets, and sugarcane. It is then added to various foods primarily to enhance flavour. This sugar is obtained from natural sources and refined to remove impurities, resulting in mostly sucrose. Typically, refined sugars are incorporated into foods and drinks to improve taste. They are considered empty calories because they lack vitamins, minerals, protein, fat, fibre, or other beneficial nut...

Sugar market has been steadily increasing over recent years, and forecasts suggest a substantial growth trajectory in the upcoming period.

ATTRIBUTES	DETAILS
STUDY PERIOD	2018-2031
BASE YEAR	2024
FORECAST PERIOD	2025-2031
HISTORICAL PERIOD	2018-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Associated British Foods, Raízen, Lantic, Mitr Phol Group, American Crystal Sugar, Louis Dreyfus Company (LDC), Archer Daniels Midland, Tereos, Wilmar International, Cosan, Bunge Limited, Nordzucker, Michigan Sugar Company, Dwarikesh Sugar Industries, Canal Sugar, Al Khaleej Sugar, Rajshree Sugars & Chemicals, Thai Sugar Group, Guangxi Guitang Group
SEGMENTS COVERED	By Product Type - White Sugar, Brown Sugar, Liquid Sugar By Application - Food and Beverages, Pharma and Personal Care, Household/Retail, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa