Industrial Sugar Market Size, Share, and Growth Analysis

Global Industrial Sugar Market

Industrial Sugar Market By Type (White sugar, Brown sugar), By Sources (Sugarcane, Sugar beet), By Form (Granulated, Powdered), By Application (Dairy products, Bakery products), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30I2431 | Region: Global | Published Date: January, 2025
Pages: 187 |Tables: 90 |Figures: 71

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Industrial Sugar Market Insights

Industrial Sugar Market size was valued at USD 45.41 billion in 2023 and is poised to grow from USD 47.68 billion in 2024 to USD 70.45 billion by 2032, growing at a CAGR of 5.0% during the forecast period (2025-2032).

The rise in food processing activities in the emerging economies of Asia-Pacific and Middle East & Africa is fueling the global industrial sugar market growth. The industry has expanded significantly due to the growing demand of consumers for baked goods, sweet confections, and dairy products such as ice cream, yogurt, and milk-based beverages, and the increasing demand for alcoholic and non-alcoholic beverages. These trends are going to continue driving the global industrial sugar market in the forthcoming years. With constant innovation, production of new products, and rise in customer demand, the food & beverage industry is booming globally. Consequently, due to a myriad of applications ranging from a preservative to a sweetener, sugar has emerged as a vital input in the food processing industry. Consumer preferences to have more processed food & beverages have also augmented industrial sugar demand. Moreover, packaged and processed food is increasing because of the rise in disposable income, especially in emerging countries. The market is being further stimulated by the growth of supermarkets, retail chains, and e-commerce sites, which are making sugary goods more accessible. The global industrial sugar industry is expected to develop rapidly in the next years due to new product advancements and changing customer preferences.

Market snapshot - 2025-2032

Global Market Size

USD 45.41 billion

Largest Segment

Sugarcane

Fastest Growth

Sugar Beet

Growth Rate

5.0% CAGR

Global Industrial Sugar Market ($ Bn)
Country Share for Asia-Pacific (%)

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Industrial Sugar Market Segments Analysis

Global Industrial Sugar Market is segmented by Type, Sources, Form, Application and region. Based on Type, the market is segmented into White sugar, Brown sugar and Liquid sugar. Based on Sources, the market is segmented into Sugarcane and Sugar beet. Based on Form, the market is segmented into Granulated, Powdered and Syrup. Based on Application, the market is segmented into Dairy products, Bakery products, Confectioneries, Beverages, Canned & Frozen Foods, Pharmaceutical and Other applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Analysis by Source

Based on the 2024 global industrial sugar market forecast, since sugarcane is cultivated on large scales in tropical and sub-tropical parts of Asia, Africa, and South America, it remained dominant. It is utilized to produce sugar. The greatest part of the sugar production on the globe comes from sugarcane as these regions provide the best climate for cultivating the crop. Production is expected to continue growing in the forecast period as farmed land areas expand and high-tech, yield-enhancing agricultural inputs are used. According to the Food and Agriculture Organization (FAO) and the Organization for Economic Cooperation and Development (OECD), sugarcane today accounts for approximately 86% of the world's aggregate sugar crop production, leaving little doubt about its superiority in the industry.

However, the sugar beet segment is expected to grow significantly during the projection period. It is a significant component of sugar production, especially in North America, Europe, and some regions of Russia, although it is grown mostly in temperate regions. In the production of several goods, such as food, drinks, medicines, chemicals, and textiles, beet molasses and beet sugar are essential. Although it is still a vital commodity, beet sugar is having trouble growing. In the upcoming years, there is going to be an increase in the production of beets due to diminishing farmed areas and a sharp hike in input costs by high technology harvesting machines. This can therefore cause difficulty for the industry of beet sugar to produce the growing sugar demand of the globe.

Analysis By End Use

As per the 2024 global industrial sugar market analysis, the confectionary segment accounted for the largest market share due to its consumption in almost all countries. In the past couple of years, demand for sweet candy has gone significantly high in countries such as China, India, Indonesia, and UAE. It is because of higher disposable income and change in consumer behavior in specific geographies. Customers are now more willing to pay extra for better, tastier, and richer sweets because of the growing middle class. In addition, sweet treats have become popular in these countries because of the influence of Western food trends and the increasing availability of confectionery options.

As greater attention towards proper hydration and health, especially in well-established regions of Europe and North America, drives the growth of the beverages category. At high speed in Asia, demands related to soft drinks, alcohol beverages, and sports-related beverages for millennials are continuously increasing. Sales of Low sugar drinks and low calories also tend to increase as healthier beverage choice and its functionality gain immense popularity with customers. Growth is also expected to be further accelerated by the growing demand for fresh and organic drinks in both established and emerging economies. The overall beverages segment is expected to grow with the rising demand for bakery goods, especially in Eastern countries.

Global Industrial Sugar Market By Source

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Industrial Sugar Market Regional Insights

In 2024, Asia Pacific represented the largest share of the industrial sugar market with 43.67%. The region is growing massively, mainly because of increased demand, particularly in urban areas, for soft drinks and confections that have high sugar content. These countries are expected to have high growth due to their growing middle classes, increasing disposable incomes, and population growth. The fast urbanization of these nations is driving the consumption of processed foods and sugary drinks. The region's demand for industrial sugar is expected to continue rising as customers demand more indulgent food items.

Whereas the Middle East & Africa is one of the fastest-growing regions in the industrial sugar market due to a changing food processing industry. The consumption of bread goods, sweets, dairy products, and beverages-all of which require large quantities of sugar-is growing in countries such as Saudi Arabia and the United Arab Emirates. The demand for sugar in these regions has increased partly because of the growing dairy industry, especially for yogurt and milk-based products. The increasing demand for ready-to-eat and ready-to-cook food items is another factor driving the growth of the market. The demand for industrial sugar in this region is predicted to increase sharply during the forecast period as consumer tastes change towards processed and convenient meals.

Global Industrial Sugar Market By Geography
  • Largest
  • Fastest

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Industrial Sugar Market Dynamics

Industrial Sugar Market Drivers

Growing Interest in Processed Foods and Drinks

  • One of the primary drivers in the global industrial sugar industry is increased demand from processed foods and beverages globally. Convenience food items ranging from packaged snack foods and sweetened drinks to ready-to-eat food items are steadily gaining acceptance across consumers' markets. It is sugar, a vital addition to processed food products, which benefits from the expansion of processed food consumption occasioned by urbanization and increasing disposable incomes, especially from developing countries.

Growing Populations and Shifting Lifestyles

  • Rising demand for high-sugar items due to changes in lifestyles and population growth, mainly in developing countries, has driven the industrial sugar industry. Urbanization, rising disposable income, and dietary preferences are causing increased consumption of sweet foods, such as baked goods, soft drinks, and confections. These factors are driving the global industrial sugar market due to customers' increased willingness to spend on fast and decadent food alternatives.

Industrial Sugar Market Restraints

Health Problems and Rising Awareness of Sugar Consumption

  • One of the major factors for the global industrial sugar market limiting its growth is the raising health consciousness of consumers of sugar, mainly in connection with the damaging effects of increased sugar consumption. The demand for sugar-free or low sugar products has grown because of the increasing prevalence of diabetes, obesity, and other lifestyle disorders. This change in consumer behavior has made it challenging for the sugar business. It has to adapt to the requirement of consumers to have even lower-sugar, healthier food products.

Pressure from Regulations and Imposition of Sugar Tax

  • In general, governments globally are implementing stricter regulations regarding sugar intake including sugar tariffs and labeling requirements. These policies are implemented to curb the rate of obesity and its diseases. Raising the price of sweet goods and forcing manufacturers to reduce the amount of sugar in their products or look for alternative sources is a restriction on the development of the industrial sugar market and impacts demand by consumers.

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Industrial Sugar Market Competitive Landscape

Key competitors in the highly competitive global industrial sugar market include multinational companies Tate & Lyle, Cargill, Nordzucker, and Südzucker. These companies' high brand recognition, extensive distribution networks, and massive manufacturing capacity enable them to lead the market. Moreover, industry is becoming more concentrated due to mergers and acquisitions that are intended to enter developing markets and expand product offerings. In response to changing customer tastes, players are also concentrating on innovation, sugar reduction technology, and sustainability policies to preserve competitive advantages.

Top Players in Industrial Sugar Market

  • Sudzucker AG (Germany)
  • Tereos S.A. (France) 
  • Cosan S.A. (Brazil) 
  • Mitr Phol Sugar Corporation Ltd. (Thailand) 
  • Associated British Foods plc (United Kingdom) 
  • Nordzucker AG (Germany) 
  • Wilmar International Limited (Singapore) 
  • Thai Roong Ruang Group (Thailand) 
  • American Crystal Sugar Company (United States) 
  • Louis Dreyfus Company B.V. (Netherlands) 
  • Florida Crystals Corporation (United States) 
  • Cofco Tunhe Sugar Co., Ltd. (China) 
  • Shree Renuka Sugars Ltd. (India) 
  • Raízen S.A. (Brazil) 
  • Illovo Sugar Africa (Pty) Ltd. (South Africa) 
  • Tongaat Hulett Limited (South Africa) 
  • Guangxi Guitang Group Co., Ltd. (China) 
  • EID Parry (India) Limited (India) 
  • Cargill, Incorporated (United States) 
  • The Amalgamated Sugar Company LLC (United States)

Recent Developments

  • August 2023: Dr. Sylvie Charles founded the company producing organic sugar called "Just Date." The firm declared that Sprouts Farmers Market Stores will be expanded to areas countrywide. Trying to meet the extremely attractive market, the launching aims at enhancing the firm's United States presence.
  • August 2022: The world's largest sugar exporter, Raízen, and the world's largest cane sugar refiner and marketer, ASR Group, announced a cooperation that sets a global benchmark for sustainable raw cane sugar supply chains.
  • March 2021: The Indian sugar manufacturer Dalmia Bharat Sugar said it will introduce a brand-new packaged sugar under the Dalmia Utsav name, marking its entry into the direct-to-consumer market.

Industrial Sugar Key Market Trends

Industrial Sugar Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global industrial sugar market outlook is changing steadily, driven by increasing demand for processed foods, beverages, and confections, particularly in developing countries such as Asia Pacific and the Middle East and Africa. From food and drink to chemicals and pharmaceuticals, sugar remains an integral part of many industries. However, rising health concerns, trends toward sugar reduction, and stricter government regulations, including sugar taxes, pose challenges to the industry. The main companies are focusing on innovation, such as better manufacturing technology and sugar substitutes, to stay ahead of the competition. Despite these challenges, the growth of the market is supported by changing consumer preferences and the growing requirement for sugar in various applications, thus ensuring further growth potential in the future years.

Report Metric Details
Market size value in 2023 USD 45.41 billion
Market size value in 2032 USD 70.45 billion
Growth Rate 5.0%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • White sugar
    • Brown sugar
    • Liquid sugar
  • Sources
    • Sugarcane
    • Sugar beet
  • Form
    • Granulated
    • Powdered
    • Syrup
  • Application
    • Dairy products
    • Bakery products
    • Confectioneries
    • Beverages
    • Canned & Frozen Foods
    • Pharmaceutical
    • Other applications
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Sudzucker AG (Germany)
  • Tereos S.A. (France) 
  • Cosan S.A. (Brazil) 
  • Mitr Phol Sugar Corporation Ltd. (Thailand) 
  • Associated British Foods plc (United Kingdom) 
  • Nordzucker AG (Germany) 
  • Wilmar International Limited (Singapore) 
  • Thai Roong Ruang Group (Thailand) 
  • American Crystal Sugar Company (United States) 
  • Louis Dreyfus Company B.V. (Netherlands) 
  • Florida Crystals Corporation (United States) 
  • Cofco Tunhe Sugar Co., Ltd. (China) 
  • Shree Renuka Sugars Ltd. (India) 
  • Raízen S.A. (Brazil) 
  • Illovo Sugar Africa (Pty) Ltd. (South Africa) 
  • Tongaat Hulett Limited (South Africa) 
  • Guangxi Guitang Group Co., Ltd. (China) 
  • EID Parry (India) Limited (India) 
  • Cargill, Incorporated (United States) 
  • The Amalgamated Sugar Company LLC (United States)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Industrial Sugar Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Industrial Sugar Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Industrial Sugar Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Sugar Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Sugar Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Industrial Sugar Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Industrial Sugar Market size was valued at USD 46.41 Billion in 2023 and is poised to grow from USD 48.73 Billion in 2024 to USD 72.00 Billion by 2032, growing at a CAGR of 5.0% in the forecast period (2025-2032).

Key competitors in the highly competitive global industrial sugar market include multinational companies Tate & Lyle, Cargill, Nordzucker, and Südzucker. These companies' high brand recognition, extensive distribution networks, and massive manufacturing capacity enable them to lead the market. Moreover, industry is becoming more concentrated due to mergers and acquisitions that are intended to enter developing markets and expand product offerings. In response to changing customer tastes, players are also concentrating on innovation, sugar reduction technology, and sustainability policies to preserve competitive advantages. 'Tate & Lyle', 'Cargill, Inc.', 'Nordzucker AG', 'Südzucker AG', 'Archer Daniels Midland Company (ADM)', 'Louis Dreyfus Company (LDC)', 'Royal Cosun', 'Fujian Taiyang Sugar Co., Ltd.', 'Wilmar International Ltd.', 'American Crystal Sugar Company', 'Bunge Limited', 'E.I. du Pont de Nemours and Company', 'Associated British Foods plc (ABF)', 'Dabur India Ltd.', 'Mitr Phol Sugar Corp. Ltd.'

One of the primary drivers in the global industrial sugar industry is increased demand from processed foods and beverages globally. Convenience food items ranging from packaged snack foods and sweetened drinks to ready-to-eat food items are steadily gaining acceptance across consumers' markets. It is sugar, a vital addition to processed food products, which benefits from the expansion of processed food consumption occasioned by urbanization and increasing disposable incomes, especially from developing countries.

Shift Toward Natural and Health-Conscious Sweeteners: Some of the recent instances of natural and alternative sweeteners that are becoming popular these days as people are health-conscious are Stevia, monk fruit, and agave syrup. Since these have less calories and have a low glycemic index, these sweeteners have been perceived as healthier choices. This increasing demand in clean label and organic will inhibit the growth in traditional sugar usage for many categories of foods and in investigations done by manufacturers for natural sugars as replacements.

In 2024, Asia Pacific represented the largest share of the industrial sugar market with 43.67%. The region is growing massively, mainly because of increased demand, particularly in urban areas, for soft drinks and confections that have high sugar content. These countries are expected to have high growth due to their growing middle classes, increasing disposable incomes, and population growth. The fast urbanization of these nations is driving the consumption of processed foods and sugary drinks. The region's demand for industrial sugar is expected to continue rising as customers demand more indulgent food items.

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Global Industrial Sugar Market
Industrial Sugar Market

Report ID: SQMIG30I2431

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