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Sugar Market Expected to Hit USD 239.22 Million Tons by 2030: Key Growth Drivers & Trends

Global Sugar Market Overview, Trends, Size and Forecast: 2025-2030

The Global Sugar Market size was valued at around 181.22 million tons in 2024 and is expected to reach 239.22 million tons by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.71% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The market growth is driven by several prominent growth factors, including the rapidly expanding food industry, such as bakery, coolers, confectionery, and dairy, the rising efforts for sugar-crop production, such as sugarcane & sugar beet, significantly supported by government incentives, the widespread inclination towards organic and specialty sugar, etc. One of the leading growth factors is the rising demand for sugar in the beverage industry, including various soft drinks, juices, and other beverages.

Additionally, the governments of various countries, such as Brazil, India, the Philippines, and many more, are heavily investing and encouraging farmers to raise sugarcane and sugar beet farming, thus providing ample growth opportunities to the market players in the Sugar Industry. Also, the infrastructure development and the expansion of the sugar-producing factories and mills aim to increase the annual production, contributing to the potential market growth & expansion.

Moreover, the robust adoption of healthy and organic food items has increased the demand for specialty sugars such as Demerara, Muscovado, which are actively shaping the market growth positively, as these are less processed & refined, and are more beneficial as compared to simple white sugar. However, these growing health concerns are reducing the global demand for sugar entirely, thus restraining the market growth & expansion, further states the research report, “Global Sugar Market Analysis, 2025.”

Global Sugar Market

Global Sugar Market Segmentation Insights:

Sugarcane is the Most Preferred Source of Sugar

Based on the source type, the market is further segmented into Sugarcane, Sugar beet, and Others. Out of these, the sugarcane holds the largest market share of more than 80%. The dominance is due to the high sugarcane cultivation, especially in countries like India, Brazil, Indonesia, China, etc., which is in billions of tons per year. Among these countries, Brazil and India have the highest sugarcane production, with about a cumulative share of 70%, contributing to their dominance.

Additionally, the tall height of sugarcane crops has high biomass, which contains high sugar content and produces larger quantities of sugar as compared to other crops. For instance, sugarcane grown in a one-hectare area of land can give about 6 tons of sugar, which is significantly higher than other crops. Therefore, farmers are highly preferring these crops for sugar extraction as they are cost-effective.

Global Sugar Market Regional Analysis:

Asia-Pacific Leads Global Sugar Industry

Asia-Pacific is the dominating region in this market, holding around 43% of the entire market value. This is leading due to the highest consumption and largest production of sugar in the world. As a result, sugarcane is being produced largely in the Asia-Pacific countries like India, China, Indonesia, Thailand, the Philippines, etc. For instance, millions of metric tons of sugarcane are produced in India, Brazil, China, etc., contributing to the commercial-scale production of sugar. This is supported by the favorable climatic conditions in Asian and Pacific countries, including tropical and sub-tropical climates, which are highly suitable for the cultivation of sugarcane-producing crops, such as sugarcane and sugar beet.

Additionally, the region possesses a significant number of sugar mills and factories, contributing to the dominance of this region in the market. For instance, the Asia-Pacific region has about 800 sugar refineries and factories backed with India being the largest sugar producer in this region, having over 600 sugar mills alone. While China has nearly 100 mills, this results in the dominance of the Asia-Pacific Sugar Industry on the global stage.

Top Companies in the Global Sugar Market

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading Sugar Market companies, including Südzucker AG, Tereos Group, Cargill Inc., Wilmar International, American Sugar Refining Inc. (ASR Group), Mitr Phol Group, Associated British Foods plc (AB Sugar), COFCO Sugar, Louis Dreyfus Company, Nordzucker AG, Crystal Union, Raizen SA, Cosan SA, Lantic Inc., and Others are looking forward to increase their market size & share.

Key Questions Answered in the Research Report