China Sugar Market - Forecasts from 2025 to 2030

The China sugar market is projected to grow at a CAGR of 3.77% over the forecast period, increasing from US$24.929 billion in 2025 to US$30.002 billion by 2030.

Sugar is one of the most essential food components worldwide. Globally, sugar has multiple applications, such as being used as a sweetener, preservative, fermentation substance, flavoring & coloring agent, and many more. Sugar is generally obtained from sucrose, which is mainly concentrated in sugarcane plants or sugar beets. The application of sugar is mainly in the pharmaceutical and food & beveragesindustry.

In China, the demand for sugarhas witnessed a substantial increase in recent years, which can be credited to multiple factors, such as the increase in the nation's pharmaceutical product export. According to the Observatory of Economic Complexity (OEC), the nation's pharmaceutical product export in 2022 accounted for about US$ 15.3 billion. Sugar in the pharmaceutical industry is used as a bulking agent and coating agent. In various products, it is also used as a flavoring enhancer and preservative. This high volume of pharmaceutical product exports creates opportunities for the sugar producer to attract a greater consumer base in the nation.

Another major driver for the increase in the demand for sugar in China is the rise of the food processing industry in the country. Sugar finds most of its applications in the food processing industry. According to the Food Export Association of the USA, China is the second largest market for processed food globally, causing an increase in the import of sugar in the nation. According to theObservatory of Economic Complexity (OEC), in 2022, China imported raw sugar valued at US$ 2.25 billion, of which Brazil became the biggest trade partner with imports valued at US$ 1.69 billion of sugar originating from Brazil, followed by India at US$ 146 million.

China sugar market drivers

The rapidly increasing urban population is anticipated to fuel the China sugar market expansion.

One of the major factors driving the Chinese sugar industry is the increasing urban population, which pushes the demand for processed food and beverages in the market. The increasing urban population also increases the number of Hotels, Restaurants, and Institutional (HRI), which includes resorts, cafes, and other food outlets.

According to the World Bank, China's total population remains stagnant, over a few years, with about 1.41 billion people. On the other hand, the urban population percentage of the nation increased significantly. In 2022, the urban population percentage of the nation was about 63.5%, which marked an increase of about 1% from 2021. This increase in the urban population is sure to boost the nation's sugar industry in the coming years.

Additionally, emerging urbanization within China is positively correlated to the prospective growth for sugar consumption within the country because of the rising demand for processed foods and beverages, an orientation shift in consumer preference towards convenience food products, and the increasingly affluent middle class. Urban lifestyles with busy schedules lead people to seek quick sugary snacks and meals. As disposable income increases with the middle class, spending on processed foods and sugary products is also expected to rise in the region. Hence, sugar intake will also increase. Accordingly, in 2023, national per capita disposable income grew by 6.3%, 39,218 yuan at face value, meanwhile, with 6.1% after price factor deduction. It recorded an increase of 5.1% in the per capita disposable income of urban residents, which stood at 51,821 yuan per capita according to the National Bureau of Statistics of China. Urban dwellers enjoy sweet-treated sugar desserts and beverages contributing to fueling the market.

Reasons for buying this report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The China sugar market is analyzed into the following segments:

By Form

• Granulated Sugar
• Powdered Sugar
• Sugar Syrup

By Source

• Cane Sugar
• Beet Sugar

By Use

• Food & Beverage
• Pharmaceutical

By Distribution Channel

• Online
• Offline