Global Sugar Market is Forecasted to be more than US$ 53 Billion by the end of year 2027
According to the latest report by Renub Research, Global Sugar Market is Forecasted to be more than US$ 53 Billion by the end of y
Sugar consumption in food and pharmaceutical industry will drive & steadily rising crude oil prices and lower global output would support the market
In recent years, the steadily rising crude oil prices and lower global output are expected to provide much-needed support to sugar prices and factors such as sugar consumption in food and pharmaceutical industry will drive this market. However, huge inventories, robust products in the ongoing season and near stagnant domestic demand will cap the price gains. Remarkably, the sugar industry worldwide is a residual market characterised by extreme volatility, which often trades below global production costs. As per Renub Research Analysis, Global Sugar Market will reach to US$ 53 Billion by 2027.
The trending sugar industry subsumes the production, processing and marketing of sugars (principally saccharose and fructose). Globally, most sugar is derived from sugar cane (predominantly in the tropics) and sugar beet (mainly in a temperate climate like in the U.S. or Europe). The revolutionary application of sugar finds numerous applications in the pharmaceutical and skincare industry as well. In the pharmaceutical division, sugar is included in the preparation of antibiotics and cough syrups. On the other hand, sugar is used in scrubs manufacturing due to its exfoliating properties in the skincare sector.
Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=global-sugar-market-p.php
Our report covers handful of leading producers and their countries' support policies:
World sugar production and trade is dominated by a small number of influential producing countries. The top ten producers reviewed in our report are (Brazil. India, European-Union, Thailand, China, United States, Russia, Mexico, Pakistan and Australia) contribute to over half of global production. More on this, Brazil and India production share will flourish during the forecast period 2020-2027.
Although the sugar market remains saturated in developed economies, such as the United States, Mexico, and the European Union, it shows promising growth in emerging regions. Driven by rising disposable incomes, urbanisation and changing food habits, the demand for sugar-based products in developing markets, such as India and China, confers solid growth.
The Support Policies and Subsidies Prevailing in Sugar Industry Worldwide:
As per our analysis, the global producers, particularly Brazil, Thailand and India, have responded to conditions by developing a substantial mix of policies and subsidies to support domestic production. Collectively these support policies have a profound distortionary effect on the world sugar market. Indeed, the government sugar policies in a handful of countries, notably Brazil, Thailand, and India, substantially impact the world sugar market's supply-demand balance and, consequently, its trading price level. Hence, the sugar industry is not a regular clearing market and cannot be used as a sustainable 'benchmark' to base sugar industry policies or strategies.
News about the Sugar Industry in 2021:
The Hindu Business line reported that sugar prices surged in 2019-20 due to extensively reduced output from India, the EU, and Thailand. Despite this, prices fell more than 30 per cent between February and April 2020 due to COVID-led disruptions and lockdowns. In addition, with unfavourable weather in Brazil and Thailand and a decline in Europe's output, India is focused on delivering a bumper output in the sugar season 2020-21. Moreover, in a global deficit output scenario, sugar prices in India are expected to remain steady, but massive carry-over stocks may cap the gains in prices.
Devastating COVID-19 impact on Global Sugar Industry:
The sugar industry worldwide, a significant player in the national economy, has faced many challenges in its course. The threat modelled by the growing pandemic novel coronavirus (COVID-19) has been the most recent one, and it is impacting sugar industry stakeholders and its integrated industries worldwide. The entire value chain of the global sugar industry, viz., sugarcane, sugar, molasses, ethanol and their subsequent marketing and export, has been adversely affected by the spillover impacts. However, the significant setbacks of COVID-19 on the sugar industry globally are coming back on track with the normalisation of the COVID-19 situation.
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/global-sugar-market-p.php
By Consumption - We have covered the market of India, European Union, China, United States, Brazil, Indonesia, Russia, Pakistan, Mexico, Egypt and Other as consuming countries in Global Sugar Market.
By Producing - We have studied the market of Brazil, India, European-Union, Thailand, China, United States, Russia, Mexico, Pakistan, Australia, Other as producing countries existing in Global Sugar Market constitutes.
By Export - This report studies Global Sugar Export Market of Brazil, Thailand, India, Australia, Guatemala, Mexico, European Union, South Africa, Russia and Colombia as exporting countries.
By Import - We have covered the Global Sugar Import Market of Indonesia, China, United States, Bangladesh, Algeria, Malaysia, United Arab Emirates, European Union, South Korea, Nigeria as importing countries.
Company - We have studied the company by Company Overview, Recent Development and Revenue of following companies Associated British Foods plc, Nordzucker AG, Wilmar International Limited, Tereos and Lantic Inc.
Industry Related Reports:
Potato Chips Market: https://www.renub.com/potato-chips-market-p.php
Organic Food and Beverage Market: https://www.renub.com/organic-food-and-beverage-market-p.php
Global Pepperoni Market: https://www.renub.com/global-pepperoni-market-p.php
Food Safety Testing Market: https://www.renub.com/food-safety-testing-market-p.php
Global Salmon Market: https://www.renub.com/global-salmon-market-p.php
Meal Kit Market: https://www.renub.com/meal-kit-market-p.php
Palm Oil Market: https://www.renub.com/palm-oil-market-p.php
Milk Chocolate Market: https://www.renub.com/milk-chocolate-market-p.php
Tomato Seeds Market: https://www.renub.com/tomato-seeds-market-p.php
Fast Food Market: https://www.renub.com/fast-food-market-p.php
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Roswell, GA 30076
According to the latest report by Renub Research, Global Sugar Market is Forecasted to be more than US$ 53 Billion by the end of year 2027.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Sugar Market is Forecasted to be more than US$ 53 Billion by the end of year 2027 here
News-ID: 2469670 • Views: 383
More Releases from Renub Research
Canada Foodservice Market, Size, Forecast 2022-2027, Industry Trends, Share, Gro …
According to Renub research, report titled “Canada Foodservice Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Company Analysis” the Canada Foodservice Market was USD 94.19 Billion in 2021. Over the years, the foodservice industry in Canada has revolutionized in size. Canadian consumers tend to spend a substantial amount of their earnings on foodservice owing to the four crucial factors of value, convenience, health, and sustainability that
Global Industrial Enzymes Market to Grow with 7.34% CAGR from 2021–2017, Prope …
According to Renub Research report “Industrial Enzymes Market, Global Forecast, Impact of COVID-19, Industry Trends, Growth, Opportunity By Types, Company Analysis” the Global Industrial Enzymes Market is expected to reach US$ 17.4 Billion by 2027. Enzymes are proteins that catalyze chemical resistance. As such, enzymes have been extensively used to facilitate industrial processes and create products, and these enzymes are referenced as industrial enzymes. Industrial enzymes are also increasing since
Global Automotive Air Suspension Market to grow at 8.67% CAGR from 2021-2027, Pr …
According to the report by Renub Research, titled “Automotive Air Suspension Market, Global Forecast, Impact of Coronavirus, Industry Trends, Growth, Opportunity, Company Analysis” the Global Automotive Air Suspension Market is projected to reach US$ 9.13 Billion by 2027. Suspensions play a pivotal role in-vehicle comfort and handling. An automotive air suspension system is a vehicle suspension powered by an electric pump or compressor that pumps air into flexible bellows typically
Global Cassava Starch Market to Reach US$ 8.1 Billion by 2026, Propelled by Expa …
According to the latest report by Renub Research, titled “Cassava Starch Market, Consumption & Global Forecast by Type, Region, Applications, Company Analysis” the Global Cassava Starch Market size reached US$ 7.7 Billion in 2020. Traditionally starch around the globe is made from arrowroot or sago palm. However, cassava is a cheaper raw material and has tended to replace these starches. The cassava plant is found in equatorial regions between the
More Releases for Sugar
What's driving the Dark Brown Sugar Market trends? Sudzucker, Tate & Lyle, Imper …
The latest Market Research Intellect study on Dark Brown Sugar relies on the statistics derived from both primary and secondary research to present insights pertaining to the forecasting model, opportunities, and competitive landscape of Dark Brown Sugar market for the forecast period 2020-2026. Importantly, the research taps critical data about the niche segments, market share, size, and growth rate to offer business owners, field marketing executives, and stakeholders a competitive
Sugar and Sugar Substitute Market 2025 Global Analysis by Key Players - Brown Su …
Up Market Research recently introduced new title on “Global Sugar and Sugar Substitute Market 2019-2025 Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2025. Request Sample Copy Of this Report @ https://www.upmarketresearch.com/home/requested_sample/81564 Sugar and Sugar Substitute Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing
Sugar Packaging Market
Global Sugar Packaging Market: An Overview Sugar packaging is done in a variety of formats, both in bulk and retail. There are a number of products available in the market for sugar packaging. The sugar packaging market is witnessing a tremendous shift in preference for flexible packaging formats. Manufacturers of sugar packaging are also incorporating technologies, such as QR codes. The advent of modern high quality printable packaging formats has led
Global Sugar Beet Market 2026 | Major Key Player : American Crystal Sugar Compan …
A latest research report titled as “Sugar Beet Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or
Global Brown Sugar Market 2018 - C&H Sugar, American Crystal Sugar, Cargill, Dom …
Apex Market Reports, recently published a detailed market research study focused on the “Brown Sugar Market” across the global, regional and country level. The report provides 360° analysis of “Brown Sugar Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Brown Sugar on
Global Beet Sugar Market 2017 by Uses, Manufacturers - Renuka beet sugar, Spreck …
The report studies Beet Sugar in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022. What’s more, the Beet Sugar industry development trends and marketing channels are analyzed. The industry analysis have also been done to examine the impact of various factors and understand the overall attractiveness of the industry. Download