Industrial Sugar Market Size

Industrial Sugar Market size was over USD 45.76 billion in 2023 and is expected to cross USD 88.45 billion by the end of 2036, growing at more than 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial sugar is estimated at USD 47.66 billion.

On the back of the increasing demand for industrial sugar for applications in bakery, confectionary and dairy among others, followed by the rising trends of packaged food, growing demand for sweeteners in the manufacturing of food products, and the growing importance of sugar in international trade. Along with these, the surge in the production of food products in the food & beverage industry is also estimated to drive the market growth. In accordance with our analysis, the food & beverages industry’s revenue is estimated to grow by more than 15% by the end of 2022.