Sugarcane Syrup Market Report 2026

The sugarcane syrup market size has grown strongly in recent years. It will grow from $50.62 billion in 2025 to $53.54 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to traditional use of sugarcane derivatives, expansion of confectionery manufacturing, availability of sugarcane raw materials, regional preference for natural sweeteners, growth of bakery ingredient demand.

The sugarcane syrup market size is expected to see strong growth in the next few years. It will grow to $69.32 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising health awareness around refined sugar, increasing demand for organic sweeteners, expansion of premium confectionery products, growth of clean-label food formulations, rising adoption in specialty food applications. Major trends in the forecast period include increasing demand for natural liquid sweeteners, rising adoption of organic sugarcane syrup, expansion of clean-label sweetening ingredients, growing use in artisanal and bakery applications, enhanced focus on traceable sourcing.

Increasing consumption of beverages is expected to drive the growth of the sugarcane syrup market in the coming years. A beverage is a liquid consumed by humans, including water, tea, coffee, milk, juice, soft drinks, and alcohol. Since sugarcane syrup is a widely used sweetener in beverages such as soft drinks, energy drinks, and sports drinks, rising demand for these beverages can benefit the sugarcane syrup industry. The requirement for sugarcane syrup grows alongside the popularity of these drinks. For instance, in July 2025, according to the Government of Canada, exports of processed food and beverage products reached a record $59.8 billion in 2024, marking a 3.8% increase compared with 2023. Therefore, the rising consumption of beverages will boost the sugarcane syrup market.

Increasing demand for baked goods is expected to drive the growth of the sugarcane syrup market in the coming years. Baked goods are products made from dough or batter that are baked. Bakers often use sugarcane syrup alongside other sweeteners to achieve specific textures, flavors, and desired qualities in their recipes. Its versatility makes it a valuable ingredient in various bakery applications, contributing sweetness, texture, and visual appeal to a wide range of baked goods. For instance, in February 2024, according to the Agriculture and Horticulture Development Board (AHDB), a UK-based levy board, chocolate cake was the top performer, experiencing a notable increase of 11 million occasions (+63%) between 2022 and 2023. Therefore, growing demand for baked goods is supporting the sugarcane syrup market.

Leading companies in the sugarcane syrup market are focusing on developing freshly squeezed sugarcane juice products to meet the increasing consumer preference for natural sweeteners and healthier alternatives to refined sugars. These products emphasize using high-quality, freshly pressed sugarcane, ensuring that natural flavors, nutrients, and antioxidants are retained without added preservatives or artificial ingredients. For instance, in June 2023, Storia, an Indian beverage manufacturer, launched 100% Sugarcane Juice, demonstrating its commitment to quality and health. This product delivers a naturally sweet and delightful flavor while preserving essential vitamins and minerals found in sugarcane, making it a healthier option compared to traditional sugary beverages.

Major companies operating in the sugarcane syrup market are Florida Crystals Corporation, Wholesome Sweeteners Inc, Madhava Ltd, Super Syrups Pty Ltd, Carolina Cider Company, Liber and Company, Tropicana Cane Syrup Company, Steen’s Syrup Mill Inc, Golden Barrel Products, Conrad Rice Mill Inc, La Perruche SAS, Billington’s Sugar Company Ltd, Panela Colombia SAS, Ingenio La Union SA, Ingenio San Antonio SA, Ingenio Magdalena SA, Mitr Phol Sugar Corporation, Thai Roong Ruang Sugar Group, Sunshine Sugar Pty Ltd, Kenana Sugar Company.

South America was the largest region in the sugarcane syrup market in 2025. The regions covered in the sugarcane syrup market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the sugarcane syrup market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The sugarcane syrup market consists of sales of Louisiana ribbon, Louisiana striped, and green German. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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