Global Sugar Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Outlook, Impact of COVID-19, Opportunity Company Analysis
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Global Sugar Market will reach USD 76.62 Billion in 2027. In its broadest sense, sugar is a sweet crystalline material made from sugar cane and sugar beet. Sugar production (cane or beet) is likewise capital demanding, necessitating large-scale operations to remain competitive. Soft drinks, sweetened beverages, convenience foods, fast food, sweets, confectionery, baked goods, and other sweetened foods are all made using sugar. Sugar is also employed in the rum distilling process. Furthermore, sugar is a high-profile commodity in the world's major producing countries, both politically and commercially.
Worldwide Sugar Market Size was USD 67.59 Billion in 2021
The sugar industry, which is on the rise, encompasses the production, processing, and marketing of sugars (principally saccharose and fructose). In recent years, sugar prices are projected to be supported by continuously rising crude oil prices and decreased global output. However, massive stocks, strong products in the current season and near-stagnant domestic demand will limit price increases. Moreover, sugar's ground-breaking application has many uses in the pharmaceutical and beauty industries. Additionally, it is used to manufacture antibiotics and cough syrups in the pharmaceutical industry. On the other hand, it is employed in creating scrubs because of its exfoliating capabilities in the skincare industry.
Critical Consumers and the Policies that Supports the Global Sugar Industry:
A small number of powerful consuming countries dominate global sugar production and commerce. The top 10 consumers are India, European Union, China, the United States, Brazil, Indonesia, Russia, Pakistan, Mexico, and Egypt in our analysis. Although the sugar market in industrialized economies such as India, the European Union, and China remains saturated, they show signs of constant growth in emerging markets. Moreover, as sugar-based products are in high demand in growing economies like India, the European Union, and China, the market is also expanding due to increasing disposable incomes, urbanization, and changing eating patterns.
COVID-19 Wreaked Havoc on the Global Sugar Industry:
The sugar business, which is a significant contributor to national economies worldwide, has experienced numerous obstacles throughout its history. The most recent threat has been modeled by the increasing pandemic coronavirus (COVID-19), which affected sugar sector stakeholders and their integrated businesses worldwide. The spillover effects harmed the entire value chain of the global sugar sector, including sugarcane, sugar, molasses, ethanol, and their subsequent marketing and export relating to the slow growth of the market in 2020. However, with the normalization of the COVID-19 situation, the slight setbacks of COVID-19 on the sugar business around the world are reversing. According to Renub Research, Global Sugar Market is expected to expand at a CAGR of 2.1% during 2021-2027 post recovery from the COVID-19 situation.
Production Support Policies and Subsidies in the Sugar Industry around the World:
According to our analysis, global producers include Brazil, India, European Union, Thailand, China, the United States, Russia, Mexico, Pakistan, and Australia. As per our analysis, Brazil, India, and the European Union are the top three producing countries. These countries have responded by implementing a complex set of policies and subsidies to boost local output. These measures, taken together, have a significant distorting influence on the global sugar market. Indeed, government sugar policies in a few countries, most notably Brazil, Thailand, and India, have a significant impact on the worldwide sugar market's supply-demand balance and, as a result, the trading price level. As a result, the sugar business is not a regular clearing market and hence cannot be utilized as a long-term 'benchmark' for developing sugar sector policies and plans.
Trolling News about the Sugar Industry in 2021:
According to The Hindu Business line, Sugar prices soared in 2019-20 due to significantly lower output from India, the EU, and Thailand. Despite this, due to Covid-led delays and lockdowns, prices plummeted by more than 30% between February and April 2020. In addition, despite unfavourable weather in Brazil and Thailand and a reduction in European output, India is focused on producing a record amount of sugar in the 2020-21 sugar season. Furthermore, in a global production deficit, sugar prices in India are projected to remain stable, but substantial carry-over stocks may limit price increases.
Renub Research new report titled “Global Sugar Market & Volume by Consumption (India, European Union, China, United States, Brazil, Indonesia, Russia, Pakistan, Mexico, Egypt, Other), Production (Brazil, India, European-Union, Thailand, China, United States, Russia, Mexico, Pakistan, Australia, Other), Import (Indonesia, China, United States, Bangladesh, Algeria, Malaysia, United Arab Emirates, European Union, South Korea, Nigeria), Export (Brazil, Thailand, India, Australia, Guatemala, Mexico, European Union, South Africa, Russia, Colombia), Company Analysis (Archer Daniels Midland, Tate and Lyle, General Mills, Inc., MGP Ingredients Inc. and Kerry Group)" provides a detailed analysis of Global Sugar Industry.
Consuming Countries – Market & Volume breakup from 11 Countries:
1. India
2. European Union
3. China
4. United States
5. Brazil
6. Indonesia
7. Russia
8. Pakistan
9. Mexico
10. Egypt
11. Other
Producing Countries - Volume breakup from 11 Countries:
1. Brazil
2. India
3. European-Union
4. Thailand
5. China
6. United States
7. Russia
8. Mexico
9. Pakistan
10. Australia
11. Other
Importing Countries - Volume breakup from 10 Countries:
1. Indonesia
2. China
3. United States
4. Bangladesh
5. Algeria
6. Malaysia
7. United Arab Emirates
8. European Union
9. South Korea
10. Nigeria
Exporting Countries - Volume breakup from 10 Countries:
1. Brazil
2. Thailand
3. India
4. Australia
5. Guatemala
6. Mexico
7. European Union
8. South Africa
9. Russia
10. Colombia
All Key Players has been covered with 3 viewpoints:
• Overview
• Recent Development
• Revenues
Company Analysis:
1. Archer Daniels Midland
2. Tate and Lyle
3. General Mills, Inc.
4. MGP Ingredients Inc.
5. Kerry Group
Report Details:
| Report Features | Details |
| Base Year | 2022 |
| Historical Period | 2017 - 2021 |
| Forecast Period | 2022-2027 |
| Market | US$ Billion |
| Segment Covered | Consuming Countries, Producing Countries, Importing Countries, Exporting Countries |
| Consuming Countries Covered | India, European Union, China, United States, Brazil, Indonesia, Russia, Pakistan, Mexico, Egypt, Other |
| Companies Covered | Archer Daniels Midland, Tate and Lyle, General Mills, Inc., MGP Ingredients Inc. and Kerry Group |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Frequently Asked Questions (FAQ):
• How big is the global sugar market?
• What will drive the market size of global sugar market?
• How will key players contribute to the global sugar market?
• How did the ongoing coronavirus (COVID-19) pandemic impact the global sugar market growth?
• How will global sugar market perform through 2027?
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Sugar Market
6. Global Sugar Volume
6.1 By Production
6.2 By Consumption
6.3 By Import (Top 10 Countries)
6.4 By Export (Top 10 Countries)
7. Share Analysis
7.1 Market Share
7.1.1 By Consuming Country
7.2 Volume Share
7.2.1 By Producing Country
7.2.2 By Importing Country
7.2.3 By Exporting Country
8. Consuming Country – Market & Volume Analysis
8.1 India
8.1.1 Market
8.1.2 Volume
8.2 European Union
8.2.1 Market
8.2.2 Volume
8.3 China
8.3.1 Market
8.3.2 Volume
8.4 United States
8.4.1 Market
8.4.2 Volume
8.5 Brazil
8.5.1 Market
8.5.2 Volume
8.6 Indonesia
8.6.1 Market
8.6.2 Volume
8.7 Russia
8.7.1 Market
8.7.2 Volume
8.8 Pakistan
8.8.1 Market
8.8.2 Volume
8.9 Mexico
8.9.1 Market
8.9.2 Volume
8.10 Egypt
8.10.1 Market
8.10.2 Volume
8.11 Others
8.11.1 Market
8.11.2 Volume
9. Producing Country – Volume Analysis
9.1 Brazil
9.2 India
9.3 European Union
9.4 Thailand
9.5 China
9.6 United States
9.7 Russia
9.8 Mexico
9.9 Pakistan
9.10 Australia
9.11 Other
10. Exporting Country – Volume Analysis
10.1 Brazil
10.2 Thailand
10.3 India
10.4 Australia
10.5 Guatemala
10.6 Mexico
10.7 European Union
10.8 South Africa
10.9 Russia
10.10 Colombia
11. Importing Country – Volume Analysis
11.1 Indonesia
11.2 China
11.3 United States
11.4 Bangladesh
11.5 Algeria
11.6 Malaysia
11.7 United Arab Emirates
11.8 European Union
11.9 South Korea
11.10 Nigeria
12. Porter's Five Forces Analysis
12.1 Threat of New Entry
12.2 The Bargaining Power of Buyer
12.3 Threat of Substitution
12.4 The Bargaining Power of Supplier
12.5 Competitive Rivalry
13. Company Analysis
13.1 Archer Daniels Midland
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenues
13.2 Tate and Lyle
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenues
13.3 General Mills, Inc.
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenues
13.4 MGP Ingredients Inc.
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenues
13.5 Kerry Group
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenues
List Of Figures:
Figure-01: Global – Sugar Market (Million US$), 2017 – 2021
Figure-02: Global – Forecast for Sugar Market (Million US$), 2022 – 2027
Figure-03: Global – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-04: Global – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-05: Global – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-06: Global – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-07: Global – Sugar Import (Top 10 Countries) Volume (Million Metric Tons), 2017 – 2021
Figure-08: Global – Forecast for Sugar Import (Top 10 Countries) Volume (Million Metric Tons), 2022 – 2027
Figure-09: Global – Sugar Export (Top 10 Countries) Volume (Million Metric Tons), 2017 – 2021
Figure-10: Global – Forecast for Sugar Export (Top 10 Countries) Volume (Million Metric Tons), 2022 – 2027
Figure-11: India – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-12: India – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-13: India – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-14: India – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-15: European Union – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-16: European Union – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-17: European Union – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-18: European Union – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-19: China – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-20: China – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-21: China – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-22: China – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-23: United States – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-24: United States – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-25: United States – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-26: United States – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-27: Brazil – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-28: Brazil – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-29: Brazil – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-30: Brazil – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-31: Indonesia – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-32: Indonesia – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-33: Indonesia – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-34: Indonesia – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-35: Russia – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-36: Russia – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-37: Russia – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-38: Russia – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-39: Pakistan – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-40: Pakistan – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-41: Pakistan – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-42: Pakistan – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-43: Mexico – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-44: Mexico – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-45: Mexico – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-46: Mexico – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-47: Egypt – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-48: Egypt – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-49: Egypt – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-50: Egypt – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-51: Others – Sugar Consumption Market (Million US$), 2017 – 2021
Figure-52: Others – Forecast for Sugar Consumption Market (Million US$), 2022 – 2027
Figure-53: Others – Sugar Consumption Volume (Million Metric Tons), 2017 – 2021
Figure-54: Others – Forecast for Sugar Consumption Volume (Million Metric Tons), 2022 – 2027
Figure-55: Brazil – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-56: Brazil – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-57: India – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-58: India – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-59: European Union – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-60: European Union – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-61: Thailand – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-62: Thailand – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-63: China – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-64: China – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-65: United States – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-66: United States – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-67: Russia – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-68: Russia – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-69: Mexico – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-70: Mexico – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-71: Pakistan – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-72: Pakistan – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-73: Australia – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-74: Australia – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-75: Other – Sugar Production Volume (Million Metric Tons), 2017 – 2021
Figure-76: Other – Forecast for Sugar Production Volume (Million Metric Tons), 2022 – 2027
Figure-77: Brazil – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-78: Brazil – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-79: Thailand – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-80: Thailand – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-81: India – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-82: India – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-83: Australia – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-84: Australia – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-85: Guatemala – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-86: Guatemala – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-87: Mexico – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-88: Mexico – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-89: European Union – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-90: European Union – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-91: South Africa – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-92: South Africa – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-93: Russia – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-94: Russia – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-95: Colombia – Sugar Export Volume (Million Metric Tons), 2017 – 2021
Figure-96: Colombia – Forecast for Sugar Export Volume (Million Metric Tons), 2022 – 2027
Figure-97: Indonesia – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-98: Indonesia – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-99: China – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-100: China – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-101: United States – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-102: United States – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-103: Bangladesh – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-104: Bangladesh – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-105: Algeria – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-106: Algeria – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-107: Malaysia – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-108: Malaysia – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-109: United Arab Emirates – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-110: United Arab Emirates – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-111: European Union – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-112: European Union – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-113: South Korea – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-114: South Korea – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-115: Nigeria – Sugar Import Volume (Million Metric Tons), 2017 – 2021
Figure-116: Nigeria – Forecast for Sugar Import Volume (Million Metric Tons), 2022 – 2027
Figure-117: Archer Daniels Midland – Global Revenue (Million US$), 2017 – 2021
Figure-118: Archer Daniels Midland – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-119: Tate and Lyle – Global Revenue (Million US$), 2017 – 2021
Figure-120: Tate and Lyle – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-121: General Mills, Inc. – Global Revenue (Million US$), 2017 – 2021
Figure-122: General Mills, Inc. – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-123: MGP Ingredients Inc. – Global Revenue (Million US$), 2017 – 2021
Figure-124: MGP Ingredients Inc. – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-125: Kerry Group – Global Revenue (Million US$), 2017 – 2021
Figure-126: Kerry Group – Forecast for Global Revenue (Million US$), 2022 – 2027
List Of Tables:
Table-01: Global – Sugar Market Share by Consuming Country (Percent), 2017 – 2021
Table-02: Global – Forecast for Sugar Market Share by Consuming Country (Percent), 2022 – 2027
Table-03: Global – Sugar Volume Share by Producing Country (Percent), 2017 – 2021
Table-04: Global – Forecast for Sugar Volume Share by Producing Country (Percent), 2022 – 2027
Table-05: Global – Sugar Volume Share by Importing Country (Percent), 2017 – 2021
Table-06: Global – Forecast for Sugar Volume Share by Importing Country (Percent), 2022 – 2027
Table-07: Global – Sugar Volume Share by Exporting Country (Percent), 2017 – 2021
Table-08: Global – Forecast for Sugar Volume Share by Exporting Country (Percent), 2022 – 2027
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