Press release
Industrial Sugar Market Poised to Hit $65.68 Billion by 2029 with Accelerating Growth Trends
Industrial Sugar
Industrial Sugar Market Size Growth Forecast: What to Expect by 2025?
The size of the industrial sugar market has seen significant expansion in the past few years. It is expected to expand from $48.77 billion in 2024 to $51.82 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. This growth trend in the historical period is associated with factors such as the expansion of colonial territories and plantation farming, the industrial revolution and advancements in refining methodologies, the spread of sugar beet cultivation, practices related to slavery and labor, as well as market liberalization and trade policies.
How Will the Industrial Sugar Market Size Evolve and Grow by 2029?
The market size of industrial sugar is predicted to experience robust growth in the forthcoming years, reaching $65.69 billion by 2029, increasing at a compound annual growth rate (CAGR) of 6.1%. The acceleration in this forecast period can be associated with environmental and sustainable development concerns, a surge in demand in the pharmaceutical sector, growth of the food and beverage industry, an increment in biofuel production, and government guidelines and regulations. The forecast period will also see prevalent trends like health and wellness, growing demand for natural and clean-label products, innovation in technological processing, a surge in low-calorie sweeteners, and broadening uses of sugar.
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What Drivers Are Propelling the Growth of Industrial Sugar Market Forward?
The industrial sugar market is set to grow with the increasing demand for confectionery items, particularly dairy products. Dairy products are essentially those made with or include milk from mammals like cows. The surge in the global industrial sugar market is linked to the extensive use of confectionery in crafting a variety of beverages and sweet goods, from cakes and milkshakes to croissants and hot sugar. For example, the Department of Agriculture, Fisheries, and Forestry, a government body based in Australia, projected in August 2023 that dairy exports will see a 2% rise in 2023-24, hitting 679 kilotons, up from 663 kilotons in 2022-23. Thus, the growth of the industrial sugar market is fueled by the rising demand for confectionery and dairy products.
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Which Emerging Trends Are Transforming the Industrial Sugar Market in 2025?
The emergence of technological advancements is a significant trend in the industrial sugar market that is quickly gaining traction. Many leading corporations in this market are placing a strategic emphasis on creating innovative technologies to reinforce their market positions. One such example is Cargill, a food corporation based in the United States and a producer of industrial sugar, which launched the EverSweet + ClearFlo Stevia Platform in March 2022. This platform is pioneering in its use of stevia-enhancing technology. It uniquely combines the corporation's premier sweetener and other natural flavours as part of their proprietary ClearFlo technology, leveraging EverSweet, a stevia-based sweetener, as a platform for other natural flavours. This combination enhances flavour, solubility, formula stability, and dissolution rate. Furthermore, this innovative sweetening method can aid in minimising any unpleasant flavours that could exist in a formulation, such as the bitterness of coffee, earthy protein aspects, or a metallic taste from potassium chloride.
What Are the Key Segments in the Industrial Sugar Market?
The industrial sugar market covered in this report is segmented -
1) By Type: White Sugar, Brown Sugar, Liquid Sugar
2) By Source: Cane, Beet
3) By Form: Granulated, Powder, Syrup
4) By Application: Dairy, Bakery, Confectionary, Beverages, Frozen Foods, Other Applications
Subsegments:
1) By White Sugar: Granulated White Sugar, Icing Sugar, Caster Sugar
2) By Brown Sugar: Light Brown Sugar, Dark Brown Sugar, Raw Brown Sugar
3) By Liquid Sugar: Liquid Glucose, High Fructose Corn Syrup (HFCS), Invert Sugar Syrup
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Who Are the Key Players Shaping the Industrial Sugar Market's Competitive Landscape?
Major companies operating in the industrial sugar market are Cargill Incorporated, Nordzucker AG, EID Parry Ltd., Südzucker AG, Louis Dreyfus Company B.V., British Sugar PLC, Shree Renuka Sugars Ltd., Archer Daniels Midland Company, Raízen S.A., Tongaat Hulett Sugar Limited, Cosan SA Indústria e Comércio, Mitr Phol Sugar Corporation, Associated British Foods PLC, Wilmar International Limited, American Crystal Sugar Company, Lantic Inc., Michigan Sugar Company, Imperial Sugar Company, Guangxi Guitang Group Co. Ltd., Rizhao Lingyunhai Sugar Group, Bunge Limited, Thai Roong Ruang Group, China National Cereals Oils & Foodstuffs Corporation, Dhampur Sugar Mills Ltd., Balrampur Chini Mills Ltd., MSF Sugar Ltd.
What Geographic Markets Are Powering Growth in the Industrial Sugar Market?
Asia-Pacific was the largest region in the industrial sugar market share in 2024. The regions covered in the industrial sugar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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