Global sugar market

The sugar market is currently being driven by rising standards of living and increasing purchasing power in the emerging economies which usually leads to higher consumption of processed foods such as dairy, soft drinks, etc., which have high content of the product. This report by Expert Market Research entitled “Sugar Market Report and Forecast 2021-2026” provides a comprehensive analysis for anyone who plans to foray into the sugar market.

Historical market trends for the sugar market have been provided from 2016-2020 and forecasts have been presented till 2026. On a regional level, Latin America currently represents the largest producer and the Asia Pacific the largest consumer of sugar. On the basis of product type, the global sugar market has been bifurcated into the product derived from sugar cane and sugar beet. For each of the these types, the report has provided both historical and future market trends. Additionally, the report has analysed the global sugar market on the basis of end-use. Industrial usage (beverages, bakery and confectionary products) represents the biggest end-use market of sugar.

 Sugar is a sweet, crystalline food supplement mainly extracted from sugar beet and sugar cane. It is a food additive which is used in all kind of drinks and foodstuffs.

Currently, about 110 countries produce sugar from either cane or beet, and eight countries produce sugar from both cane and beet. Sugarcane, on average, accounts for nearly 80 per cent of global sugar production. The top ten producing countries are India, Brazil, Thailand, China, the US, Mexico, Russia, Pakistan, France, Australia  accounted for nearly 70 per cent of global output.

Sugar crops offer production alternatives to food, such as livestock feed, fibre and energy, particularly biofuels (sugar-based ethanol) and co-generation of electricity (cane bagasse). Sugarcane is generally regarded as one of the most significant and efficient sources of biomass for biofuel production. A wide range of environmental and social issues are connected with sugar production and processing, and sugar crop growers, processors, plus energy and food companies, are seeking ways to address concerns related to sugar production, biofuels and sustainability.

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