Market Overview:

The global industrial sugar market was worth around $39.59 billion in 2023. It's expected to keep growing steadily, reaching about $50.76 billion by 2032. That’s an average annual growth rate of 3.23%.

In the U.S., the industrial sugar market is also set to expand, with projections showing it could hit $5.82 billion by 2032, mainly due to its heavy use in the processed food and beverage industry.

The Asia Pacific region led the market in 2023, accounting for the largest share at 43.67%.

List of Key Players Mentioned in the Report:

• Suedzucker AG (Germany)
• Tereos S.A. (France)
• Cosan (Brazil)
• Associated British Foods (U.K.)
• Mitr Phol Group (Thailand)
• Cargill, Inc. (U.S.)
• Imperial Sugar Company (U.S.)
• Rogers Sugar, Inc. (Canada)
• American Crystal Sugar Company (U.S.)
• Louis Dreyfus Holding B.V. (Netherlands)

Report Coverage:

We provide our reports, which are conducted with an all-inclusive examination approach that majorly emphasizes delivering precise material. Our scholars have applied a data triangulation method, which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.

Source: https://www.fortunebusinessinsights.com/industrial-sugar-market-102462

Segmentation:

Cane Sugar to Lead Market Owing to its Augmented Production Worldwide