Sugar rose to 14.79 USd/Lbs on December 2, 2025, up 0.37% from the previous day. Over the past month, Sugar's price has risen 0.99%, but it is still 30.67% 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 December of 2025.

The FAO Sugar Price Index was measured at 99.4 points for September 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.

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

Sugar Price Index in World decreased to 94.10 Index Points in October from 99.40 Index Points in September of 2025. This dataset includes a chart with historical data for World Sugar Price Index.

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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?

Get Key Insights on Market Forecast (PDF) Request Free Sample

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

In fiscal year 2025, the procurement price of sugarcane across India was set at *** Indian rupees per quintal. This was the highest price set by the government in recent years as a result of the Fair and Remunerative Price approvals to support sugarcane farmers or the GannaKisan. As a key player in the world's sugar economy, the Indian government attempts to promote more sustainable ways for sugar production.

In the United States, the average retail price per pound of granulated sugar was roughly 59.01 U.S. cents in 2021. The price of sugar has fluctuated considerably over the past seventeen years, peaking at almost 70 U.S. cents per pound in 2012.

Sugar production

Within the 2020/2021 period, a total of just under 180 million metric tons of sugar was produced worldwide. This was an increase of roughly 13 and a half million tons compared to the previous year. Close to a quarter of the global 180 million tons was produced by Brazil, the world’s leading producer of sugar during 2020/2021. Other major producers of sugar included India, the EU, and Thailand for that period.

Sugar intake

Within the same marketing period, an estimated 172 million metric tons’ worth of sugar was consumed by people worldwide. Global sugar consumption has been stagnating in recent years. Some of the world’s leading sugar consumers included many of the same top producing countries and regions, namely India, the EU, and China. India’s sugar consumption amounted to some 28 million metric tons during the 2020/2021 period.

In 2017, imports of refined cane or beet sugar in a solid form (excluding white sugar) in India stood at X tons, declining by -X% against the previous year. In general, imports of refined cane or beet sugar in a solid form (excluding white sugar) continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015, an increase of X% year-to-year.

The global consumption of sugar amounted to about ***** million metric tons in 2024/25, and is projected to increase to about *** million metric tons by 2025/2026. 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 2024/2025, 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.

2023/24 Sugar Overview Global production is estimated up 8.2 million tons year-over-year to 183.5 million with higher production for Brazil and India expected to more than offset a decline for Thailand and Pakistan. Consumption is anticipated to rise to a new record due to growth in markets including India and Pakistan. Exports are estimated higher as Brazil and Thailand are expected to more than offset lower shipments from India and Pakistan. Stocks are estimated lower to help meet domestic demand and higher exports from markets including Brazil and Thailand.

Selected MY 2022/23 Revisions from May 2023 Forecast: - Global production is down 4.4 million tons to 175.3 million. o Russia is down 8 percent to 6.6 million tons due to lower yields. o Mexico is reduced 3 percent to 5.5 million tons due to unfavorable weather and drought. o The European Union is down 1 percent to 14.7 million tons due to lower sugarbeet yields as a result of drought.

• Global imports are flat at 57.4 million tons. o Sudan is raised 293,000 tons to 1.6 million on higher imports from India and Thailand. o Mexico is increased254,000 tons to 302,000 tons due to lower production. o China is lowered 600,000 tons to 3.8 million as high world prices make it more profitable to meet demand by reducing stocks.

• Global exports are reduced 1.8 million tons to 64.3 million. o India is revised up 933,000 tons to 7.4 million as exports exceeded the export cap. o Algeria is lowered 279,000 tons on lower exports to the European Union and Jordon. o Thailand is lowered 1.5 million tons to 9.5 million as buyers are cautious in making purchases due to high world prices.

• Global ending stocks are raised 2.4 percent to 3.9 million tons. o Thailand stocks climb 1.5 million tons to 7.7 million on lower exports. o China is lowered 621,000 tons to 2.1 million on reduced imports. o India is lowered 18 percent to 5.3 million tons due to higher exports.

For further information, please contact Reed Blauer at (202) 720-0898 or Reed.Blauer@usda.gov

Acknowledgements https://www.fas.usda.gov/

The sugar market size 175.86 MMT in 2024. The industry is expected to grow at a CAGR of 1.30% during the forecast period of 2025-2034. By 2034, the market is expected to reach a volume of 200.11 MMT.

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 northern state of Uttar Pradesh was the leading producer of sugarcane in India, with a production volume of over *** million metric tons in fiscal year 2024. This was followed by Maharashtra, with a production volume of over *** million metric tons. Sugar export Sugar was one of the leading agricultural products exported from India. Over *** billion Indian rupees worth of sugar was exported from the country in 2022. However, the government imposed restrictions on sugar exports from the country as of June 2022. The step was taken to maintain the price stability of sugar and to guarantee enough supply for domestic consumption. Sugar consumption India ranks first as the leading sugar consumer globally. A majority of Indian cuisines contain sugar. Especially during the festive season, the celebration in the country is incomplete without sweets or mithai as known in the Hindi language. Most Indian sweets along with sugar contain nuts, flour, and dairy components such as milk, butter, and cream. As a result of increased consumption and demand, the market value of sweets is likely to reach *** billion Indian rupees in 2025.

Analysis of Asia's sugar market: consumption to reach 108M tons by 2035, driven by demand in India, China, and Indonesia. Key insights on production, trade, and price trends.

In 2023, the average selling price of sugar per metric ton reached ***** yuan in China. This indicated a significant increase from ***** yuan per metric ton in 2022.

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Molasses Market Size 2025-2029

The molasses market size is forecast to increase by USD 5.03 billion, at a CAGR of 5.7% between 2024 and 2029.

Major Market Trends & Insights

APAC dominated the market and accounted for a 63% growth during the forecast period.
By the Application - Feed segment was valued at USD 8.61 billion in 2023
By the Type - Blackstrap molasses segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 54.21 billion
Market Future Opportunities: USD USD 5.03 billion 
CAGR : 5.7%
APAC: Largest market in 2023

Market Summary

The market is a significant player in the global food and beverage industry, with increasing applications across various sectors. Molasses, a byproduct of sugar refining, is gaining popularity due to its unique taste and nutritional properties. According to market research, The market is expected to witness steady growth, with an emphasis on cold-pressed molasses extraction methods. This extraction process ensures the preservation of essential vitamins and minerals, making molasses an attractive ingredient for food and beverage manufacturers. Comparatively, traditional molasses production methods have faced challenges due to fluctuating prices and concerns over the presence of impurities. Cold-pressed molasses, on the other hand, offers a more consistent and high-quality product, driving its adoption in various applications. The food industry, particularly baked goods, is a significant consumer of molasses due to its rich flavor and ability to enhance the texture of baked products. Additionally, the beverage sector, particularly in the production of rum and other spirits, utilizes molasses as a primary ingredient. In conclusion, the market continues to evolve, with a growing focus on cold-pressed extraction methods and increasing demand for high-quality molasses products across various industries. This trend is expected to continue, making molasses a valuable commodity for businesses in the food and beverage sector.

What will be the Size of the Molasses Market during the forecast period?

Explore market size, adoption trends, and growth potential for molasses market Request Free SampleThe market encompasses the production, trade, and utilization of this viscous byproduct derived from the sugar refining process. With global sugar production reaching over 180 million metric tons annually, the market experiences significant volume, amounting to approximately 10 million metric tons. Two primary applications of molasses are worth noting: energy production and biofuel feedstock. Molasses is a valuable resource for energy generation, with its high calorific value of around 20 MJ/kg, making it a popular choice for powering industrial processes. In contrast, molasses serves as an essential feedstock for biofuel production, contributing to the circular economy by transforming it into bioethanol and other biofuels. These applications offer substantial ecological benefits, including resource efficiency, waste reduction, and nutrient recycling. Furthermore, molasses plays a crucial role in soil conditioning and improving crop yield by enhancing soil microbiology and stress resilience. Additionally, its chemical properties contribute to growth promotion and quality improvement in various industries, such as food and beverage, pharmaceuticals, and cosmetics. Process optimization and value chain optimization are essential for the continued growth of the market. By recovering valuable byproducts and implementing sustainable practices, market participants can improve overall resource efficiency and economic benefits. The ongoing research into the microbial diversity of molasses and its potential applications in various industries further underscores the market's evolving nature.

How is this Molasses Industry segmented?

The molasses 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. ApplicationFeedFood and beverageTypeBlackstrap molassesRegular molassesDistribution ChannelBusiness-to-Business (B2B)Business-to-Consumer (B2C)GradeFood GradeIndustrial GradeFeed GradeGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

By Application Insights

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

Molasses, a byproduct of sugarcane or beet processing, plays a significant role in various industries, including food processing, agriculture, and waste management. In food processing, molasses serves as an organic carbon source and adds essential nutrients like potassium, phosphorus, and nitrogen to fo

In 2023, exports of protein concentrates and flavoured or coloured sugar syrups from India soared to 36K tons, increasing by 18% on 2022 figures.

In 2017, sugar-coated (panned) goods imports into India amounted to X tons, ascending by X% against the previous year. Overall, sugar-coated (panned) goods imports continue to indicate a strong expansion. The growth pace was the most rapid in 2010, when the imports increased by X% year-to-year.

Global sugar crop market analysis for 2024-2035: consumption, production, trade trends, and forecasts. Key insights on Brazil, India, and China's market dominance, with a projected market volume of 2,550M tons by 2035.