Industrial Sugar Market Size - By Type (Cane Sugar, Beet Sugar, High Fructose Corn Syrup, Liquid Sugar), By Application (Food and Beverage Industry, Pharmaceutical Industry, Biofuel Production, Chemical Industry), Distribution Channel & Forecast, 2023 – 2032

Industrial Sugar Market Size

Industrial Sugar Market size was valued at USD 43.5 billion in 2022 and is estimated to grow at over 5.3% CAGR from 2023 to 2032. The food and beverage industry is the largest consumer of industrial sugar, using it as a sweetening agent in a wide range of products, including confectionery, soft drinks, baked goods, and dairy products. Sugar is used as an excipient in pharmaceutical formulations to improve the taste and mouthfeel of medicines, especially in pediatric and geriatric formulations.
 

Sugar serves as a fermentation substrate for the production of various industrial chemicals, such as ethanol, butanol, and organic acids. Sugar is a feedstock for biofuel production, where it is converted into bioethanol to replace fossil fuels.

The price of sugar is subject to volatility due to factors such as weather conditions, changes in supply and demand dynamics, and government policies. Fluctuating prices can lead to uncertainty for buyers and sellers in the industrial sugar market. The industrial sugar industry is subject to strict regulations regarding safety, quality, and food additives in different countries. Growing health concerns related to excessive sugar consumption have led to the implementation of sugar taxes in some regions.
 

COVID-19 Impact

With lockdowns and restrictions in place, there were changes in consumer behavior and preferences. The closure of restaurants, hotels, and cafes led to a decline in the demand for sugar in the foodservice sector. On the other hand, the increased demand for packaged and shelf-stable foods during the pandemic influenced the demand for sugar in certain segments of the retail market. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
 

Industrial Sugar Market Trends

With increasing consumer awareness of health and wellness, there has been a growing demand for natural sweeteners over artificial and high-intensity sweeteners. Industrial sugar, derived from sugarcane and sugar beets, is perceived as a natural sweetening option, and this trend has influenced the consumption of sugar in various food and beverage products. Consumers are increasingly seeking products with clean labels, which means they are free from artificial additives and chemicals. Industrial sugar, being a natural ingredient, aligns well with this trend, as it offers transparency and simplicity in food formulations.
 

Industrial Sugar Market Analysis

The industrial sugar market from cane sugar segment dominated around USD 13.7 billion revenue in 2022. Cane sugar is a versatile type of industrial sugar used in a wide range of applications, including food and beverage processing, pharmaceuticals, and chemical industries. Cane sugar is known for its natural sweetness, making it a popular choice for sweetening products in the food and beverage industry.
 

Food and beverage industry accounted for 40% of the industrial sugar market share in 2022. Sugar is a primary sweetener used in a vast array of food and beverage products, including carbonated drinks, fruit juices, baked goods, confectionery, and desserts. Sugar enhances the flavor profile of many food products, contributing to their overall taste and appeal.
 

The industrial sugar market from supermarkets segment is anticipated to witness 4.5% CAGR through 2032. Supermarkets typically stock various types and brands of industrial sugar, providing consumers with a wide range of choices. Retail and supermarket channels offer convenient access to industrial sugar for household consumers, bakeries, and small-scale food processors.
 

U.S. industrial sugar market size held over USD 10 billion in 2022. The food and beverage industry in North America heavily relies on sugar as a sweetening agent in a wide range of products, including soft drinks, confectionery, baked goods, and ready-to-eat snacks.
 

Industrial Sugar Market Share

Some of the major companies operating in the industrial sugar market are:

• Archer Daniels Midland Company (ADM)
• Cargill
• Incorporated
• Raízen Energia S.A
• Tereos
• Wilmar International Limited
• Sudzucker AG
• Cosan S.A
• Bunge Limited
• Louis Dreyfus Company (LDC)
• Nordzucker AG
• Mitr Phol Sugar Corp
• Thai Roong Ruang Group Co
• Guangxi Guitang Group Co
• Tongaat Hulett Sugar Ltd. - South Africa,
• Shree Renuka Sugars Ltd.

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Industrial Sugar Industry News:

• In August 2022, Raízen, the world's largest sugar exporting company, and ASR Group, the world's largest refiner and marketer of cane sugar, announced a partnership that sets the standard for sustainable raw cane sugar supply chains globally.
   
• In July 2021, Al Khaleej Sugar announced the construction of a new sugar factory in Merida, Spain.
   

This industrial sugar market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Type

• Cane Sugar
• Beet Sugar
• High Fructose Corn Syrup
• Liquid Sugar
• Others

Market, By Application

• Food and Beverage Industry
• Pharmaceutical Industry
• Biofuel Production
• Chemical Industry
• Others

Market, By Distribution Channel

• Direct sales
• Supermarkets
• Retail stores
• Online retail

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt