Cane Sugar Market Report 2025

The cane sugar market size has grown steadily in recent years. It will grow from $183.07 billion in 2024 to $188.15 billion in 2025 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to global population growth, cultural and culinary preferences, expansion of food and beverage industry, industrial applications, substitute for artificial sweeteners.

The cane sugar market size is expected to see steady growth in the next few years. It will grow to $215.99 billion in 2029 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to increasing demand for natural ingredients, market expansion in developing regions, growing awareness of sustainable agriculture, consumer preferences for authentic and traditional foods, climate change impact on sugar production. Major trends in the forecast period include product innovation and reformulation, clean label and non-GMO trends, technological advancements in processing, transparent and sustainable packaging.

The increasing demand for sugar-rich confectionery products and soft drinks is expected to drive the growth of the cane sugar industry. Confectionery products, including sweets, candied nuts, chocolates, chewing gum, and other sugar-based treats, commonly use cane sugar as a sweetener. This demand extends to food, beverages, and baked goods, where cane sugar plays a central role. As the appetite for sugary snacks and soft drinks grows, so does the demand for cane sugar. For example, in October 2024, a report by the Department for Environment, Food and Rural Affairs (DEFRA), a UK-based government department, indicated that in the financial year ending 2023, the average weekly expenditure on food and drinks rose to £43.33 ($52.60) per person, a 5.4% increase from £41.11 ($49.90) in the previous year. Total spending on household food and non-alcoholic beverages also saw a 5.1% rise, from £28.23 ($34.27) in FY 2022 to £29.66 ($35.98) in FY 2023. Thus, the growing demand for sugary confectionery and soft drinks is fueling the expansion of the cane sugar market.

The burgeoning need for cane sugar within the food and beverage sector is poised to augment the growth of the cane sugar market. This sector encompasses entities involved in processing, packaging, and distributing food items. Cane sugar serves as a versatile ingredient in this industry, contributing sweetness, texture, preservation, and flavor enhancement across various products. Notably, in 2023, Scotland hosted 1,185 food and beverage manufacturing companies, witnessing a substantial 31% surge in exports, totaling $10.18 billion (£8.1 billion). Moreover, food and beverage turnover accounted for $12.5 billion (£10.3 billion), constituting 33% of total Scottish manufacturing. Consequently, the amplified demand from significant end-users, such as the food and beverage industry, propels the growth of the cane sugar market.

Innovation emerges as a pivotal trend gaining traction within the cane sugar market. Leading companies operating in this sector prioritize product innovation to maintain their market standing. For instance, in August 2022, Raízen, a Brazil-based energy company, collaborated with ASR Group, a US-based cane sugar refining entity, introducing the world's premier sustainable and fully traceable supply chain for non-GM raw cane sugar, certified independently. This innovation involves a dedicated farming, bioenergy parks, and infrastructure operation, ensuring a 100% physically traceable and non-genetically modified supply chain.

Prominent entities within the cane sugar industry focus on strategic partnerships to reinforce their market positions. Collaborations between sugar industry players and research institutions or technology companies drive innovation and sustainability. For instance, in August 2022, Raizen, a Brazil-based bioenergy firm, partnered with ASR Group, a US-based sugar refining entity, aiming to establish the first entirely traceable and sustainable supply chain for raw cane sugar, specifically non-genetically modified. This collaboration emphasizes the development and implementation of a traceable and sustainable sugar supply chain.

In April 2022, the United States Sugar Corporation acquired the Imperial Sugar Company for $315 million, aimed at enhancing both entities' competitiveness and reliability. This acquisition, leveraging synergies between the two companies, seeks to offer customers enhanced value and service. The Imperial Sugar Company, a US-based producer and marketer of sugar, aligns with the strategic goals of the United States Sugar Corp, reinforcing their market presence and operational capabilities.

Major companies operating in the cane sugar market include Global Organics Limited, Louis Dreyfus Company, Associated British Foods plc, Tate & Lyle plc, Anthony’s Goods, Delphi Organic GmbH, DO IT ORGANIC, Florida Crystals, Nanning Sugar Industry Co. Ltd., Wholesome Sweeteners Inc., American Crystal Sugar Company, ASR Group International Inc., Balrampur Chini Mills Limited, Tongaat Hulett Sugar South Africa Limited, Suedzucker AG, Tereos, Cosan S.A., Mitr Phol Sugar Corporation Ltd., Nordzucker AG, Biosev S.A., Wilmar International Limited, Thai Roong Ruang Group, Bunge Limited, Cargill Inc., Archer Daniels Midland Company, Raizen Energia S.A., Guangxi Guitang Group Co. Ltd., Al Khaleej Sugar Company, East India Distilleries Parry Limited, Dalmia Bharat Sugar and Industries Ltd., Illois Sugar Inc., Okeana Sugar, Mauritius Sugarcane Industry Research Institute (MSIRI), Whitsunday Sugar Limited, Fiji Sugar Corporation.

Asia-Pacific was the largest region in the cane sugar market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global cane sugar market during the forecast period. The regions covered in the cane sugar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cane sugar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cane sugar, sourced solely from sugarcane, serves multiple purposes within various industries. Its versatile applications include functioning as a sweetener, preservative, texture enhancer, fermentation substrate, flavoring, coloring agent, and bulking agent.

Cane sugar primarily manifests in crystallized and liquid syrup forms. Liquid syrups encompass saturated aqueous solutions containing a mix of sugars such as sucrose, invert sugar, glucose, fructose, and others in different proportions or blends. These products are available in both organic and conventional categories and are distributed via offline and online channels. They find extensive use across bakery and confectionery, dairy, food and beverages, and various other sectors.

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

The cane sugar market consists of the sale of unrefined, refined, and raw cane sugar. 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.

This product will be delivered within 3-5 business days.