Global Cane Sugar Market Insights Forecasts to 2033

• The Global Cane sugar Market Size was Valued at USD 55.3 Billion in 2023.
• The Market Size is Growing at a CAGR of 4.47% from 2023 to 2033.
• The Worldwide Cane Sugar Market Size is Expected to Reach USD 85.6 Billion by 2033.
• North America is Expected to Grow the fastest during the forecast period.

The Global Cane Sugar Market Size is Expected to reach USD 85.6 Billion by 2033, at a CAGR of 4.47% during the forecast period 2023 to 2033.

Cane sugar is a sucrose, a common sweetener obtained from sugar cane by the process of sugar extraction from crushed cane flowed by granulation into a consumable sugar product. Cane sugar is a rich source of carbohydrates and calories amounting to four calories per gram of cane sugar. It is the healthier alternative to white, processed sugar and other sweetening agents such as raw honey, stevia extract, sugar alcohol, and monk fruit, used in teas and various Indian cuisines desserts. It consists of alpha hydroxyl acids (AHA) like glycolic acid, a cell turnover promoter that is beneficial for skin care products such as bath soaps, body scrubs, and lip scrubs. It is considered the ideal ingredient in skin care cosmetic products as it aids in skin smoothening with pore-free, thus suitable for all types of skin. Cane sugar functions as a taste enhancer, color enhancer, and texture enhancer giving a mouth-feeling effect and helping to promote the browning and caramelization of foods. The introduction of a new and improved form of existing conventional sugar with added molasses, improving flavor, taste, and appearance of food items that are attracting consumers helps to propel the global cane sugar market. The increasing trade of organic cane sugar due to its attributes such as availability, texture, cost, eco-friendliness, nutrition benefits, and rich sugarcane flavor over regular cane sugar, supporting demand and its consumption across the globe.                         

Report Coverage

This research report categorizes the market for global cane sugar market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global cane sugar market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the global cane sugar market.

Driving Factors

The various cane sugar-associated health benefits propel the market demand for cane sugar. It is used as a sweetener in many Indian traditional desserts thus increasing its demand. It is also used in alcohol and non-alcoholic beverages. There is an increasing usage of cane sugar in baked goods, sweet confectionaries, and dairy products such as milk-based drinks, yogurt, and ice creams. Considering the application of cane sugar in various forms in the food industry promotes the market growth of cane sugar.

Restraining Factors        

The rising health concerns and increasing awareness about risk factors associated with excess sugar consumption are likely to hamper the market growth. The increasing demand for sugar substitutes especially stevia hindering the cane sugar market. The increasing concern about obesity, diabetes, and other health issues associated with excessive sugar intake hampering the market.

Market Segmentation

The global Cane sugar as a service market share is classified into Category, Form, and Application.

By Category Insights

The organic segment dominates the market with the largest revenue share over the forecast period.

On the basis of category, the cane sugar market is segmented into organic and conventional. Among these, the organic segment is dominating the market with the largest revenue share over the forecast period. Organic cane sugar is much better than white and brown sugar in various aspects including its accessibility, texture, cost, eco-friendliness, nutritional benefits, and rich flavor. The superiority of the organic segment over the conventional segment supports the demand and consumption of organic cane sugar across the globe.

By Form Insights

The crystallized segment is witnessing significant CAGR growth over the forecast period.

On the basis of category, the global cane sugar market is segmented into crystallized sugar and liquid syrup. Among these, the crystallized sugar segment is witnessing significant growth over the forecast period. Crystallized sugar is further bifurcated into single-coated and double-coated sugar. The crystal form of sugar is easy to handle due to its lower specific surface area.

By Application Insights

The confectionery segment is witnessing significant CAGR growth over the forecast period.

On the basis of application, the global cane sugar market is segmented into dairy, bakery, confectionery, beverage, canned & frozen foods, pharmaceuticals, and others. Among these, the confectionary segment is witnessing significant growth over the forecast period. In developing regions such as Asia Pacific and the Middle East, there is a growing demand for cane sugar which in turn promotes the expansion of the cane sugar market. The new forms of confectionaries are popularly growing due to the growing number of millennials and children in China, India, and Indonesia regions. The new innovative cane sugar products novel candies and chocolate bars are expected to increase the cane sugar market demand.

Regional Insights

Asia-Pacific dominates the market with the largest market share over the forecast period.

Asia-Pacific is dominating the market with the largest market share over the forecast period. The high consumption rate of cane sugar propels the cane sugar market in the Asia-Pacific region. India is found to be the largest sugar-producing country according to statistics of ISO. Indonesia, the US, and China are the top importers of cane sugar. Thus, rising production and import of cane sugar are anticipated to drive the cane sugar market. The rising initiatives by the government regarding increasing crop output are expected to promote the market opportunities of cane sugar.

North America is expected to grow the fastest during the forecast period. There is a continuously increasing trade of cane sugar due to the growing consumption need of sugar in North America. The considerable growing intervention of the government in the sugar market drives up the cane sugar market in the region. The sugar trade is expected to change under NAFTA in terms of exchanges between Mexico and the U.S. which may lead to an increase in the cane sugar market in the region.   

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global cane sugar market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market

List of Key Market Players

• Global Organics, Ltd.
• Raizen S.A.
• Louis Dreyfus Company B.V.
• Wilmar Sugar Australia Limited
• DO-IT Food Ingredients BV
• Cosan SA
• E.I.D.-Parry Limited
• American Crystal Sugar Company 
• Louis Dreyfus Company B.V.
• Associated British Foods Plc.
• Tereos International Limited
• Tongaat Hulett Sugar South Africa Limited
• Shree Renuka Sugars Limited
• Others

Recent Developments

• In November 2022, Shell and Raizen signed a deal of 3.2 billion litre of sugarcane-based cellulosic ethanol. The low-carbon fuel is expected to be produced by five plants that Raizen plans to build in Brazil.

• In August 2022, ASR Group agreed to a 10-year deal to buy millions of tonnes of non-genetically modified sugar from Brazil’s Raizen. This is the world’s first large-scale deal for GMO-free raw sugar.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cane sugar market based on the below-mentioned segments:

Cane Sugar Market, By Category Analysis

• Organic
• Conventional

Cane Sugar Market, By Form Analysis

• Crystallized Sugar
• Liquid Syrup

Cane Sugar Market, By Application Analysis

• Dairy
• Bakery
• Confectionary
• Beverage
• Canned & frozen foods
• Pharmaceuticals
• Others

Cane Sugar Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa