In 2020, the price of sugar cane in Texas was cheaper than any other producing state that year. One ton of sugar cane cost about 23.3 U.S. dollars in Texas compared to 44 U.S. dollars per ton in Louisiana. By 2031, the global price for one metric ton of sugar is expected to reach approximately 721 U.S. dollars.

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.

Graph and download economic data for Producer Price Index by Industry: Cane Sugar Manufacturing: Raw Cane Sugar and Sugarcane Mill Products and Byproducts (PCU3113143113141) from Jan 1967 to May 2025 about refined, sugar, mills, PPI, industry, inflation, price index, indexes, price, and USA.

In August 2022, the sugar cane price per ton amounted to $859, picking up by 81% against the previous month.

Sugar rose to 16.56 USd/Lbs on July 11, 2025, up 1.83% from the previous day. Over the past month, Sugar's price has risen 1.84%, but it is still 13.76% 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.

The average sugar cane import price stood at $811 per ton in February 2025, picking up by 57% against the previous month.

India Minimum Support Price: Other Crops: Sugarcane data was reported at 275.000 INR/Quintal in 2019. This records an increase from the previous number of 255.000 INR/Quintal for 2018. India Minimum Support Price: Other Crops: Sugarcane data is updated yearly, averaging 48.450 INR/Quintal from Jun 1977 (Median) to 2019, with 43 observations. The data reached an all-time high of 275.000 INR/Quintal in 2019 and a record low of 8.500 INR/Quintal in 1978. India Minimum Support Price: Other Crops: Sugarcane data remains active status in CEIC and is reported by Department of Agriculture and Cooperation. The data is categorized under Global Database’s India – Table IN.PA001: Minimum Support Price.

United States - Producer Price Index by Industry: Cane Sugar Manufacturing: Raw Cane Sugar and Sugarcane Mill Products and Byproducts was 211.22200 Index Jun 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Cane Sugar Manufacturing: Raw Cane Sugar and Sugarcane Mill Products and Byproducts reached a record high of 277.70000 in November of 1974 and a record low of 34.20000 in January of 1967. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Cane Sugar Manufacturing: Raw Cane Sugar and Sugarcane Mill Products and Byproducts - last updated from the United States Federal Reserve on July of 2025.

In 2024, the EU sugar cane market increased by 8.9% to $18M, rising for the second consecutive year after four years of decline. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $27M. From 2019 to 2024, the growth of the market failed to regain momentum.

The global sugar cane market contracted modestly to $1,602.6B in 2024, standing approx. at the previous year. Overall, consumption, however, saw mild growth. Global consumption peaked at $1,647.8B in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Raw Cane Sugar and Sugar Cane Mill Products and Byproducts (WPU0252) from Dec 1977 to May 2025 about sugar, mills, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

After two years of decline, the Pakistani sugar cane market increased by 8.1% to $47.3B in 2024. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $52.4B. From 2018 to 2024, the growth of the market remained at a somewhat lower figure.

As of 2021, the producer price index of sugar cane in South Africa was at 132.6 points. Despite a declining tendency in the production volume, an overall increasing trend for the price index can be noticed. This is in line with the increasing gross production value of sugar cane.

Over the current period, the sugarcane harvesting industry has shown resilience, achieving consistent revenue growth despite serious challenges. From 2019 to 2024, heightened demand from sugar processors and rising sugar prices have propelled the industry revenue. However, extreme weather events such as Hurricane Ida in 2021 and Hurricane Debby in 2024 have significantly impacted yields in crucial regions like Louisiana and Florida and limited overall growth. Revenue has grown at a CAGR of 2.6% and is expected to reach $1.6 billion despite a drop of 31.9% in 2024. Despite revenue growth, the industry has seen declines in wages, number of establishments and employment. These trends have been partly in response to increased operational costs due to global conflicts and supply chain disruptions, which elevated crude oil and other essential costs. Farmers have managed to maintain stable profits by transferring these costs to consumers. Farmers were also somewhat protected from global trade and commodity price fluctuations by government programs and protective tariffs aimed at maintaining a stable market environment. The industry will face significant headwinds over the next five years. As consumers lean towards healthier options, domestic demand for sugar and sweeteners is expected to decline. Although imports stand to rise due to a weakening US dollar, domestic producers will still face steep competition from growing international producers, even with tariffs and quotas. Additionally, deflation in the agricultural sector, primarily driven by decreasing crude oil costs, will push down sugarcane prices. These factors will lead to a modest revenue decline. Nonetheless, opportunities may arise to expand ethanol production and provide alternative revenue streams for the industry. Revenue is expected to decline at a CAGR of 0.2% to reach $1.5 billion in 2029.

In 2024, the farmgate price of sugarcane for raw sugar production in the Philippines reached 56.48 Philippine pesos per kilogram, indicating a 2.55 peso decrease from the previous year. The farmgate price of cane sugar registered a 56 percent growth between 2021 and 2022.

The average sugar cane import price stood at $66.4 per ton in February 2025, flattening at the previous month.

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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

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Raw Cane Sugar and Sugar Cane Mill Products and Byproducts was 217.65600 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Raw Cane Sugar and Sugar Cane Mill Products and Byproducts reached a record high of 246.91200 in October of 2023 and a record low of 48.10000 in December of 1977. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Raw Cane Sugar and Sugar Cane Mill Products and Byproducts - last updated from the United States Federal Reserve on July of 2025.

The Chinese sugar cane market shrank to $37.3B in 2024, declining by -1.7% against the previous year. In general, consumption, however, showed a noticeable curtailment. As a result, consumption reached the peak level of $54B. From 2020 to 2024, the growth of the market failed to regain momentum.

The Paraguayan sugar cane market reduced markedly to $8.2B in 2024, shrinking by -21.1% against the previous year. In general, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $10.4B, and then declined dramatically in the following year.