What is the global market size of Plantation White Sugar Market?

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).

Global Plantation White Sugar Market Size, Share, Growth Analysis, By Type(Granulated, Crystalline), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031

Report ID: SQSG30H2026 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

Global Plantation White Sugar Market Dynamics

Plantation White Sugar Market Driver

Increasing Utilization in Food and Beverage Industry

Plantation white sugar is extensively used as a sweetener in the global food and beverage industry. Sweeteners, particularly powerful sweeteners, are added to foods to replace the sweetness generally given by sugars without significantly contributing to available energy and to allow consumers to limit calorie or carbohydrate consumption.

Plantation White Sugar Market Restraint

Negative health effects owing to the high consumption of sugar

White sugar is widely used as a sweetening ingredient in a variety of food and beverage goods, particularly confectionery and bakery products, which has fueled market expansion. However, increased consumer knowledge about the harmful health impacts of excessive sugar intake is impeding plantation white sugar market expansion. Sugar intake leads to a rise in weight, blood sugar issues, and cardiovascular disease.

Global Plantation White Sugar Market Report Snapshots

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Plantation White Sugar Market size was valued at USD 37.26 billion in 2019 and is poised to grow from USD 38.49 billion in 2023 to USD 51.55 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).

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. 'Sudzucker AG', 'Tereos Internacional S.A.', 'Cosan Limited', 'Wilmar International Limited', 'Associated British Foods plc (ABF)', 'Mitr Phol Sugar Corp.', 'E.I.D. Parry (India) Limited', 'Bunge Limited', 'Thai Roong Ruang Sugar Group (TRR)', 'Shree Renuka Sugars Limited', 'Nanning Sugar Industry Co., Ltd.', 'Guangxi Guitang Group Co., Ltd.', 'China National Agricultural Development Group Corporation (CNADGC)', 'Guangxi Fengtang Biochemistry Co., Ltd.', 'Inner Mongolia Hengzheng Group Baoanzhao Agriculture and Animal Husbandry Co., Ltd.', 'Guangxi Wuzhou Zhongheng Group Co., Ltd.', 'China Agri-Industries Holdings Limited', 'Guangxi Guilin Layn Natural Ingredients Corp.', 'Guangxi Funan East Asia Sugar Co., Ltd.', 'Guangxi Nanning Sugar Industry Co., Ltd.'

Plantation white sugar is extensively used as a sweetener in the global food and beverage industry. Sweeteners, particularly powerful sweeteners, are added to foods to replace the sweetness generally given by sugars without significantly contributing to available energy and to allow consumers to limit calorie or carbohydrate consumption.

Food and gasoline prices have risen considerably because of the present global uncertainty. Furthermore, the entire planet is facing climate change. India must handle its energy security, and as an agrarian country with millions of small farmers, it must give meaningful livelihoods to its people. Farmers may meet this need by planting crops for both food and fuel.

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.

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Global Plantation White Sugar Market Size, Share, Growth Analysis, By Type(Granulated, Crystalline), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031

Global Plantation White Sugar Market Dynamics

Global Plantation White Sugar Market Report Snapshots

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