USD 37.26 billion
Report ID: SQSG30H2026 | Region: Global | Published Date: December, 2022 | Pages: 157 | Tables: 61 | Figures: 75
Plantation White Sugar Market size was valued at USD 37.26 billion in 2021 and is poised to grow from USD 38.49 billion in 2022 to USD 51.55 billion by 2030, growing at a CAGR of 3.3% in the forecast period (2023-2030).
Growing demand for various food and beverage products is driving the demand of global plantation white sugar market. Plantation white sugar, also known as mill white sugar, is a kind of white sugar that is typically manufactured for local use in sugarcane-growing countries.
Plantation white sugar is manufactured in a facility without the raw sugar being remelted or refined. Instead, sulphur dioxide gas is introduced into extracted juice, where it bleaches juice colourants, oxidises to sulphate, and is neutralised by the addition of lime. (Sulfite salts are occasionally used in place of sulphur dioxide.) Because it includes all of the nonsugars (including bleached or reduced colourant) found in raw sugar, the resulting white sugar is good for table use but not for food preparation.
Sugar consumption is estimated to rise to roughly 2.5 million tonnes in 2023, in line with the expected economic improvement. Improved commercial activity and the return of international tourists will aid in the recovery of the hotel and food service industries from the pandemic-induced slump.
US Plantation White Sugar Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 37.26 billion
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The Global plantation white sugar market is segmented based on the Component, Type, Distribution Channel, and Region. Based on the Type, the Global Market is segmented as Granulated, Crystalline, and others. Based on the Distribution Channel, the Global Plantation White Sugar Market is segmented as Online and Offline. Based on Region Plantation White Sugar Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Plantation White Sugar Market Analysis by Type
In terms of type granulated sugar dominated the global plantation white sugar market in 2021 and is expected to show a similar trend over the forecast period. Granulated sugar is the most often used sugar in cooking and baking preparations. "Regular" sugar grains are acceptable since tiny crystals are appropriate for bulk handling and do not freeze.
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The Asia Pacific is quickly emerging as a lucrative market for Plantation White Sugar, with India emerging as the fastest growing market. Its production is also increasing significantly in Thailand, which benefits the Asia Pacific market. Leading manufacturers are actively expanding their operations in this region, which is expected to boost its prominence in the global market.
Sugarcane production is expected to reach 98.3 million tonnes in 2023. The increase in output is attributed to a 3% increase in harvested area (to 1.6 million hectares) and above-average vegetative growth due to good rainfall. Farmers are expected to minimise fertiliser use due to a spike in fertiliser prices following Russia's invasion of Ukraine, thus the average output will be almost the same as last year. The utilisation of sugarcane for ethanol production is predicted to increase to 2.8 million tonnes, leaving the majority of sugarcane for sugar production.
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Plantation White Sugar Market Driver
Increasing Utilization in Food and Beverage Industry
Plantation White Sugar Market Restraint
Negative health effects owing to the high consumption of sugar
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The worldwide Plantation White Sugar market has a high level of competition. Consumption is expected to reach a new high due to expansion in economies such as China, India, Indonesia, and Russia. Shipments are expected to fall as the reduction in India outweighs stronger exports from Brazil and Thailand. Stocks are expected to fall as global consumption growth outpaces production growth. China is expected to import less in order to draw down stockpiles for domestic use. Thailand is likely to reduce supplies in response to robust global demand.
Plantation White Sugar Market Top Player's Company Profiles
Plantation White Sugar Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Market Analysis, the dominant distribution channel is hypermarkets and supermarkets, which offer a large selection of groceries and other domestic items under one roof. These mass merchandisers provide a diverse assortment of items in a variety of brands and pricing points. The ease of buying, as well as numerous bundle discounts, have benefited the plantation white sugar industry.
|Market size value in 2021||USD 37.26 billion|
|Market size value in 2030||USD 38.49 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
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For the Global Plantation White 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 Global Plantation White 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Plantation White Sugar Market:
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