Industrial Sugar Market

Industrial Sugar Market Study by Raw, Refined, and Brown for Sweeteners, Bakery Products, Confectionery, Beverages, Packaged Foods, and Pharmaceuticals from 2024 to 2034

Analysis of Industrial Sugar Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Industrial Sugar Market Outlook (2024 to 2034)

As per a detailed report published by Fact.MR, the global industrial sugar market is expected to reach a value of US$ 40.73 billion in 2024. Looking ahead, the market has been forecasted to advance at 4.7% CAGR over the next ten years to reach US$ 64.48 billion by 2034.

Changing patterns of ready-to-eat food products and rising sugarcane outputs are contributing to the industrial sugar market growth. As a refined sugar, industrial sugar is utilized in non-consumption applications such as pharmaceuticals, food processing, cosmetics, and other industrial processes. Industrial sugar is processed further and refined to match the specific requirements of industrial applications. It is different from consumer or retail sugar, which is available in powdered or granular form for direct consumption.

The increasing relevance of sugar in several applications in food & beverages and pharmaceuticals is adding value to the final products. Moreover, growing sugar beet and sugar cane output is helping cater to the rising global demand for sweeteners. Further, supportive government efforts to increase the availability of sugar products, such as lifting sugar production restrictions or providing subsidies, are contributing to the expanding industrial sugar market size.

Noteworthy expansion of the food & beverage industry has also led to the increased demand for industrial sugar, thereby further creating remunerative opportunities for market players. Increasing demand for alcoholic as well as non-alcoholic beverages is also complementing global market growth.

  • Global demand for raw industrial sugar is evaluated to increase at a CAGR of 4.6% and reach a market value of US$ 53.45 billion by 2034-end.
  • North America is projected to hold 24.1% of the industrial sugar market share by the end of 2034.
  • Value consumption of industrial sugar in South Korea is projected to increase at a CAGR of 5% from 2024 to 2034.
  • Sales of industrial sugar in Japan are forecasted to rise at 4.7% CAGR through 2034.
Report Attribute Detail
Industrial Sugar Market Size (2024E) US$ 40.73 Billion
Forecasted Market Value (2034F) US$ 64.48 Billion
Global Market Growth Rate (2024 to 2034) 4.7% CAGR
Market Share of Cane Industrial Sugar (2034F) 73.7 %
East Asia Market Share (2034F) 27%
Canada Market Growth Rate (2024 to 2034) 5% CAGR
Key Companies Profiled Suedzucker AG; Crystal Sugar Company; Shree Renuka Sugars; Associated British Foods; E.I.D.-Parry (India) Ltd.; Tereos International; American Crystal Sugar Company; Mitr Phol Sugar Corporation; Wilmar International; Louis Dreyfus Holding; Cargill Incorporated; Raizen Energia S.A.; Nordzucker AG; Cosan S.A.; Tereos.

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Which Market Condition is Benefitting Manufacturers of Industrial Sugar?

“Expanding Food & Beverage Industry Worldwide”

Significant growth of the food & beverage industry with shifting consumer preferences is driving up the demand for industrial sugar. It is used as an essential ingredient in several processed foods & beverages, such as confectionery, baked goods, packaged foods, and soft drinks as a flavor enhancer or sweetener. Moreover, the growing demand for industrial sugar in several foods & beverages is projected to remain high owing to the increasing popularity of confectionery products, sweetened beverages, and bakery items, especially in potentially high-growth markets.

Expansion of the beverage market in potentially high-growth countries is due to the growing consumption of sugary drinks. Industrial sugar is consumed as a versatile ingredient in food & beverage formulations, offering texture, sweetness, flavor, and mouthfeel enhancement properties. Furthermore, it is used as a fermentation substrate, bulking agent, and preservative in several food products to improve their appearance, shelf stability, and flavor.

What Should Companies Keep an Eye On?

“Rapidly Increasing Demand for Alternative Sweeteners”

Increasing health concerns among more people are resulting in a noteworthy shift in the demand for sugar replacements or alternative sweeteners in several application industries, such as pharmaceuticals. This transition is ultimately having an adverse impact on global market growth. Moreover, government-imposed sugar taxes and labeling requirements are adversely impacting demand for industrial sugar. Several public health campaigns are conducted to promote reduced consumption of sugar, thereby stimulating end users to explore alternative sweeteners.

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What Should New Companies Focus On?

“Expanding Trend of Organic and Natural Sweeteners”

More consumers are taking precautions for wellness and health, thereby an increased demand for organic and natural sweeteners is witnessed as an effective alternative to conventional refined sugar. New market players are capitalizing on this industrial sugar market trend by diversifying their offerings to include organic and natural sugar variants. They are derived from sugar beets, sugarcane, and several plant-based sources. Startups should offer non-GMO and organic sugar options making them more appealing for health-conscious consumers giving preference to clean-label products with improved transparency.

Country-wise Insights

East Asia is projected to possess a share of 27% of global market revenue by 2034, as stated in the newly published study by Fact.MR, a market research and competitive intelligence provider. Increasing demand for soft drinks and sugary confectionery products is contributing to the growing sales of industrial sugar as one of the key ingredients.

Why is the United States a Lucrative Market for Industrial Sugar Manufacturers?

“Rising Use of Industrial Sugar as Popular Sweetening Agent”

Attribute United States
Market Value (2024E) US$ 4.35 Billion
Growth Rate (2024 to 2034) 5% CAGR
Projected Value (2034F) US$ 7.09 Billion

The United States is analyzed to hold a 45.6% share of North American market revenue by 2034. Industrial sugar is gaining prominence as one of the prominent sweetening agents used in a wide variety of products, such as confectionery, ready-to-eat snacks, soft drinks, and baked goods.

Why are Industrial Sugar Manufacturers Investing in China?

“Large-scale Sugarcane Production in the Country”

Attribute China
Market Value (2024E) US$ 5.46 Billion
Growth Rate (2024 to 2034) 4.2% CAGR
Projected Value (2034F) US$ 8.27 Billion

China is approximated to capture a share of 47.5% of the market in East Asia by the end of 2034. The country holds a significant share of the regional market as one of the prominent manufacturers of sugarcane, which is used as a prominent ingredient in producing industrial sugar. The food processing industry in China is export-oriented, which is further having a positive impact on the market growth. Moreover, rising government attempts to stimulate sugar production, such as abolishing sugar manufacturing limitations or offering subsidies are helping in market expansion.

What is the Sales Outlook for Industrial Sugar in Japan?

“Growing Use of Industrial Sugar as Ingredient in Conventional Japanese Dishes”

Attribute Japan
Market Value (2024E) US$ 3.23 Billion
Growth Rate (2024 to 2034) 4.7% CAGR
Projected Value (2034F) US$ 5.12 Billion

Japan is forecasted to account for a share of 29.4% of the East Asian market by 2034. Conventional cuisines in Japan are majorly based on soups, Ramen, rice, seafood, and pickled vegetables, which are generally grilled. Sugar is used by chefs and cooks in Japan as an essential seasoning instead of salt, in most savory dishes. In addition, the growing use of industrial sugar in desserts and drinks is contributing to increased consumption.

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Category-wise Insights

As opined in the newly published report by Fact.MR, a significant share of industrial sugar is consumed as a sweetener in several foods & beverages, such as confectionery, baked goods, fruit juices, carbonated drinks, and desserts. Industrial sugar is used for its flavor-enhancing profile in food products, thereby contributing to overall appeal and taste.

Which Type of Industrial Sugar is Most Widely Consumed?

“High Nutritional Value of Raw Industrial Sugar Making it Preferred Choice”

Attribute Raw Industrial Sugar
Segment Value (2024E) US$ 34.13 Billion
Growth Rate (2024 to 2034) 4.6% CAGR
Projected Value (2034F) US$ 53.45 Billion

Raw industrial sugar is expected to occupy 82.9% share of the global market by the end of 2034. Raw industrial sugar is not cooked at high temperatures. Even molasses is not separate from this sugar type, thereby leading to higher nutritional value, unlike refined sugar with none. Raw sugar is manufactured organically and does not contain any anti-caking agents or chemicals.

Which Source is Preferred for Industrial Sugar Manufacturing?

“Natural Sweetness of Cane Sugar Contributing to Increased Popularity”

Attribute Cane Industrial Sugar
Segment Value (2024E) US$ 30.26 Billion
Growth Rate (2024 to 2034) 4.6% CAGR
Projected Value (2034F) US$ 47.52 Billion

Cane industrial sugar is evaluated to contribute a share of 73.7% of global market revenue by 2034. Cane sugar is used as a versatile option in several applications, such as pharmaceuticals, chemical, and food & beverage processing industries. This type of industrial sugar is well-known for its natural sweetness, thereby contributing to its popularity in sweetening products, such as health drinks, juices, and others.

Competitive Landscape

Key players in the industrial sugar industry are focusing on new product launches, strategic partnerships, and collaborations for market expansion. In addition, companies are investing heavily in R&D activities, thereby allowing the introduction of innovative products helping in generating more revenue.

For instance:

  • Raizen is one of the leading global sugar exporting companies based in Brazil. In August 2022, it entered into a partnership with ASR Group, which is a prominent marketer and refiner of cane sugar. This partnership aims to set specific standards for the supply of sustainable raw cane sugar.
  • AI Khaleej Sugar, in July 2021, announced the construction of a new sugar facility in Merida, Spain.

Fact.MR provides detailed information about the price points of key manufacturers of industrial sugar positioned across the world, sales growth, production capacity, and speculative technological expansion, in this newly published market report.

Segmentation of Industrial Sugar Market Research

  • By Product Type :

    • Raw
    • Refined
    • Brown
  • By Source :

    • Cane
    • Beet
  • By Use :

    • Sweeteners
    • Bakery Products
    • Confectionery
    • Beverages
    • Packaged Foods
    • Pharmaceuticals
    • Other Food & Beverages
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • MEA

- FAQs -

How big is the industrial sugar market in 2024?

The global industrial sugar market is estimated a value of US$ 40.73 billion in 2024.

What are the sales projections for industrial sugar by 2034?

Global sales of industrial sugar are projected to reach US$ 64.48 billion by 2034.

What is the projected CAGR for the industrial sugar market?

The market for industrial sugar is forecasted to expand at 4.7% CAGR from 2024 to 2034.

How much share of the global market is East Asia evaluated to hold?

East Asia is analyzed to capture a share of 27% of the global market by 2034.

At what CAGR is the demand for industrial sugar forecasted to increase in South Korea?

The market in South Korea is approximated to advance at a CAGR of 5% through 2034.

What is the contribution of raw industrial sugar to global market revenue?

Raw industrial sugar is projected to account for 82.9% share of the global market by 2034.

Who are the leading manufacturers of industrial sugar?

Some of the key market players are Crystal Sugar Company, Shree Renuka Sugars, Associated British Foods, E.I.D.-Parry (India) Ltd., and Tereos International.

- Also of Interest -

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Raw Beetroot Sugar Market Analysis by Brown (Dark) Sugar and Organic Sugar from 2023 to 2033

Raw Cane Sugar Market

Raw Cane Sugar Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Refined Cane Sugar Market

Refined Cane Sugar Market Analysis by Liquid Sugar, Powdered, Granulated Textured, Granulated Flavored, Granulated Colored, Pulp, and Others from 2023 to 2033

Industrial Sugar Market

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