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Industrial Sugar Market Trends

Report ID: GMI6394
Published Date: Aug 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of industrial sugar recorded USD 43.5 billion in 2022 is estimated to reach USD 72.9 billion by the end of 2032, due to increasing usage of sweetening agents in a wide range of products, including confectionery, soft drinks, baked goods, and dairy worldwide.

Demand for cane industrial sugar reached USD 13.7 billion in 2022 and is expected to grow exponentially through 2032, owing to widespread application in food and beverage processing, pharmaceuticals, and chemical production.

The food and beverage application segment held 40% revenue share in 2022 and is expected to witness significant growth by 2032, due to rapid adoption of sugar as a primary sweetener in a vast array of food and beverage products.

U.S. market was valued at USD 1 billion in 2022 and will see significant growth through 2032, attributed to the increasing use in the food and beverage industry.