Sugarcane Syrup Market Report 2025

The sugarcane syrup market size has grown strongly in recent years. It will grow from $47.83 billion in 2024 to $51.02 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to cultural and regional demand, craft and artisanal food movement, demand in beverages, versatility in culinary applications, heritage and traditional medicine, niche and gourmet markets.

The sugarcane syrup market size is expected to see strong growth in the next few years. It will grow to $65 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for natural sweeteners, diversification in beverage industry, marketing emphasis on authenticity, global cuisine fusion, clean and green packaging, e-commerce growth. Major trends in the forecast period include innovative product formulations, clean label and transparency, diversification of product offerings, sustainable and ethical sourcing, innovation in packaging.

The rising consumption of beverages is expected to drive growth in the sugarcane syrup market in the future. Beverages encompass a wide range of liquids that people consume, including water, tea, coffee, milk, juice, soft drinks, and alcohol. Sugarcane syrup serves as a popular sweetener in many beverages, such as soft drinks, energy drinks, and sports drinks, making the demand for sugarcane syrup closely tied to beverage popularity. For instance, in October 2023, Agriculture and Agri-Food Canada (AAFC), a government department focused on agriculture and food products, reported that exports of processed food and beverage products reached a record high of $54.3 billion in 2022, representing a 14.1% increase from 2021. These exports accounted for 34.7% of the total production value. Therefore, the increasing consumption of beverages is set to drive the growth of the sugarcane syrup market.

The sugarcane syrup market is also poised for growth due to the increasing demand for baked goods. Baked goods, referring to products made from dough or batter that are baked, often incorporate sugarcane syrup alongside other sweeteners to achieve specific textures, flavors, and desired characteristics in recipes. Its versatility makes it a valuable ingredient in various bakery applications, contributing not only sweetness but also texture and visual appeal to a wide range of baked goods. For example, in December 2022, the government of Canada projected that the retail sales of baked goods would grow at a CAGR of 2.2% from 2022 to 2026, reaching US$75.8 billion in 2026. Therefore, the increasing demand for baked goods is a driving factor for the sugarcane syrup market.

Major companies in the sugarcane syrup market are increasingly focused on developing freshly squeezed sugarcane juice products to meet the rising consumer demand for natural sweeteners and healthier alternatives to refined sugars. These products prioritize the use of high-quality, freshly pressed sugarcane, ensuring that natural flavors, nutrients, and antioxidants are retained without the addition of preservatives or artificial ingredients. For example, in June 2023, Storia, an Indian manufacturing company specializing in natural beverages, launched its 100% Sugarcane Juice, highlighting its commitment to quality and health. This product offers a delicious and naturally sweet flavor while preserving the essential vitamins and minerals found in sugarcane, making it a healthier option compared to traditional sugary drinks.

Major players in the sugarcane syrup market are actively developing innovative products to drive market revenues. Products such as 100% Sugarcane Juice provide a delightful and nutritious alternative to other sugary beverages. In June 2023, Storia, a US-based food company, unveiled a new offering called 100% Sugarcane Juice - a refreshing and healthy drink crafted from freshly squeezed sugarcane. Recognized for numerous health benefits, such as being a natural energy source, aiding digestion, and supporting a healthy immune system, this juice is made from freshly squeezed sugarcane.

In November 2022, US Sugar Corp., a US-based producer of sugarcane and sugarcane products, acquired Imperial Sugar Co. for an undisclosed amount. This strategic acquisition bolsters US Sugar Corp.'s capabilities by adding a sugar refinery and a portfolio of sugar products. It enhances production efficiencies, leading to increased production and reduced costs at Imperial Sugar's refinery. The resulting efficiencies are anticipated to deliver long-term benefits to customers. Imperial Sugar Co., a US-based sugar producer, specializes in sugar syrups and sugar products.

Major companies operating in the sugarcane syrup market include Associated British Foods plc, Super Syrups (pty) Ltd., Tongaat Hulett Ltd., Atlanta Sugar SA - BKB Ltd., Sunshine Sugar, Frozy Egypt, Kenana Sugar Company, White Nile Sugar Company, GM Sugar Uganda Ltd., Kinyara Sugar Ltd., Royal Swaziland Sugar Corp., Carolina Cider Company, Tate & Lyle plc, Liber and Company, Illovo Sugar Ltd., Suedzucker AG, Mitr Phol Group, Nordzucker AG, Biosev- Louis-Dreyfus Group Company, Wilmar International Limited, Thai Roong Ruang Group, Florida Crystals Corporation, American Sugar Refining Inc., Tully Sugar Limited, East India Distilleries Parry Limited, Shree Renuka Sugars Ltd., Dhampur Sugar Mills Ltd., Balrampur Chini Mills Ltd., Bajaj Hindusthan Sugar Ltd., Dangote Sugar Refinery plc, Golden Agri-Resources, Renuka Holdings plc.

South America was the largest region in the sugarcane syrup market in 2024. The regions covered in the sugarcane syrup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sugarcane syrup market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Sugarcane syrup is a concentrated form of sugarcane juice created by dehydrating the juice extracted from sugarcane pieces, resulting in syrup without crystallized sugar. It serves as a sweetener in confectionery and baking products.

The primary types of sugarcane syrups include pure sugarcane syrup and mixed sugarcane syrup. Pure sugarcane syrup is a dense, dark syrup produced by the evaporation of juice obtained from sugarcane sections. These syrups are accessible through various distribution channels, including supermarkets, hypermarkets, convenience stores, online retail outlets, and others. They find applications in confectionery, dairy, prepared mixes, and other uses.

The sugarcane syrups market research report is one of a series of new reports that provides sugarcane syrups market statistics, including sugarcane syrups industry global market size, regional shares, competitors with a sugarcane syrups market share, detailed sugarcane syrups market segments, market trends and opportunities, and any further data you may need to thrive in the sugarcane syrups industry. This sugarcane syrup market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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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