White Sugar Market

Global White Sugar Market Size (2024 to 2029)

As per our analysis report, the global white sugar market is expected to reach USD 57.35 billion by 2029 from USD 47.55 billion in 2024, growing at a compound annual growth rate (CAGR) of 3.82 % during the forecast timeline.

White sugar is a refined form of sugar, commonly known as granulated sugar or table sugar, which is a white, odorless, and tasteless crystalline powder. It is a common type of sugar that is widely used for sweetening foods and beverages. It is derived from sugarcane or sugar beets through a refining process that involves removing impurities and moisture. The result is a fine, crystalline substance with a pure white color. White sugar is composed mainly of sucrose. It is a quick source of energy and contains a lot of calories. It is mostly used in culinary applications such as baking, cooking, and food preservation. It is one of the highest-glycemic foods and, when consumed, causes a rapid spike in blood sugar levels.

Global White Sugar Market Drivers:

One of the significant factors driving the white sugar market is the increasing demand for bakery and confectionery products. The bakery and confectionery industries are the major consumers of white sugar, which led to a high demand for white sugar, causing an increase in the white sugar market share. White sugar is used in a variety of bakery products, such as cakes, cookies, pastries, and bread, as well as in confectionery products, such as candies, chocolates, and ice creams. The growing popularity of baked goods and the increasing amount of disposable income have caused a demand for white sugar. The bakery and confectionery industries are major consumers of white sugar. It is used in a variety of bakery products, such as cakes, cookies, pastries, and breads. It is also used in confectionery products such as candies, chocolates, and ice cream. Therefore, the growing popularity of baked goods and confectionary products and the increasing disposable income of consumers, which allows them to spend on these products, led to a rise in the growth of the white sugar market. Along with this, the rising demand for convenience foods and the growing popularity of international cuisines that use white sugar in their recipes also contributed to the white sugar market's demand.

Moreover, the surge in demand for convenience foods and packaged products has significantly contributed to the utilization of white sugar as both a sweetening agent and a preservative across a wide variety of processed food items. This trend of high consumption of processed food is due to consumer lifestyles characterized by time constraints, increased urbanization, and a preference for ready-to-eat or easily prepared meals. Processed food manufacturers incorporate white sugar into their products to enhance flavor and taste but also to extend shelf life. It acts as a natural preservative to inhibit microbial growth and help maintain the quality and freshness of processed foods, thus reducing food spoilage. This feature of white sugar is important for global supply chains and distribution. Moreover, white sugar imparts sweetness and enhances taste in convenience foods, including breakfast cereals, snacks, sauces, dressings, and beverages. The flexibility of white sugar as a functional ingredient allows it to blend with various flavors, textures, and foods, ensuring taste and consumer satisfaction. And this has fueled the white sugar market share.

In addition, as the global population increases, it is directly impacting the consumption of white sugar due to its direct association with the demand for food and beverages. As the population is increasing, this directly leads to increased consumption of foods such as bread. Confectionary and processed foods where the usage of white sugar is high. The link between population growth and the demand for white sugar products is that white sugar serves as a sweetening agent and flavor enhancer in a diverse range of foods, from carbonated beverages and confectioneries to baked goods and preserved foods. Therefore, the growing population is propelling the demand for the white sugar market, contributing to the increase in its size.

Global White Sugar Market Restraints:

The growing awareness of the health risks of sugar negatively impacted the market demand for white sugar, causing a decline in the white sugar market share. Due to the heightened consciousness of the health risks associated with excessive sugar consumption, consumers' consumption behavior has been restricted. Since the consumption of white sugar has been linked with diabetes, obesity, cardiovascular diseases, and dental problems, this has caused consumers to seek out alternatives that are natural and do not lead to disorders and diseases. Moreover, there is a growing trend toward a healthy and active lifestyle among consumers, which has directly caused a reduced consumption of sugar and sugary products, which can lead to weight gain and obesity. These have caused consumers to make more informed decisions while consuming food. This shift is particularly noticeable among the young demographic and health-conscious consumers who prioritize their well-being and opt out of products containing sugar. Hence, this has caused restraint and affected the white sugar market size.

As consumers become more conscious of the potentially harmful effects of consuming excessive sugar and the health risks associated with it, Manufacturers can, therefore, leverage this opportunity by changing or reducing the sugar content without compromising on the desired flavor or sweetness. Hence, this will cater to health-conscious consumers as well as align with regulatory guidelines and health recommendations. By integrating natural sweeteners like honey or fruit-derived sweeteners, manufacturers can increase the sweetness and reduce the calorie content of the sugar. By creating products with nutritional profiles and fortifying them with vitamins, minerals, or fiber, manufacturers can add value to their products, which will resonate with consumers' health-conscious lifestyles. This can aid in increasing the white sugar market's expansion.

Impact of COVID-19 on the White Sugar Market:

The outbreak of COVID-19 had both a positive and negative impact on the white sugar market share and demand due to the implementation of travel restrictions, lockdowns, and social distancing. Initially, stockpiling contributed to a short-term increase in demand for staple products containing white sugar, such as packaged foods and processed foods. The closure of restaurants, cafes, and other food service establishments disrupted demand for white sugar, leading to reduced demand. Additionally, changing consumption habits due to health awareness also affected the demand for sugary products. With more people cooking and baking at home, there was a surge in demand for baking supplies, including white sugar. Supply chain disruptions, labor shortages, and logistical problems hindered the transportation of sugar, impacting availability and pricing.

REPORT COVERAGE:

This research report on the global white sugar market has been segmented and sub-segmented based on source, application, and region.

Global White Sugar Market - By Source:

• Sugarcane
• Sugar Beet
• Date Palm
• Sorghum
• Sugar maple

Based on the source, the white sugar market is divided into sugarcane, sugar beet, date palm, sorghum, and sugar maple. The sugar cane segment dominated the market and accounted for the highest market share since sugarcane is a tropical and subtropical crop that is grown in over 100 countries and is readily available. It is a relatively efficient crop to grow and produces a high yield of sugar. The white sugar is produced by extracting the sugarcane juice, purifying and filtering it, and then crystallizing it into raw sugar. The raw sugar is then further refined to produce white sugar. Sugar beet has the largest market share and CAGR. Sugar beet is a temperate crop that is grown in over 50 countries. It can be grown in a wider range of climates. It is extracted and processed in a similar way to sugarcane juice. Other sources of white sugar, date palm, sorghum, and sugar maple, are also used in some regions.

Global White Sugar Market - By Application:

• Food industry
• Pharmaceuticals

Based on the application, the white sugar market is divided into the food industry and pharmaceuticals. The food industry dominated the market value. White sugar is used in a wide variety of food products, including confectionery, bakery products, beverages, and dairy products. It is also used as a preservative and bulking agent in many food products. At the same time, pharmaceuticals have seen significant growth in the white sugar market due to their use in a variety of pharmaceutical products, such as syrups, tablets, and capsules. It is also used as a sweetener in some medications.

Global White Sugar Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Based on the regions, the coco peat market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Asia Pacific has the highest market share. Countries like China and India have traditionally been significant consumers of sugar due to their large populations and wide usage in a variety of cuisines and dishes. Also, the growing food and beverage industry is another major factor that is contributing to the maximum revenue generation in the Asia Pacific white sugar market. Europe is positioned second in leading the dominant shares of the market as European countries have the largest consumers of processed foods and bakery products. North America has significant growth due to a busy and hectic lifestyle; many people prefer ready-to-eat processed foods; therefore, convenience is the major driving factor for growth in the region.

KEY MARKET PLAYERS:

Major Key Players in the global white sugar market are Archer Daniels Midland Company, C&H Sugar, Cargill, D. Parry Limited, Ganzhiyuan, Illovo Sugar Ltd, Lotus Health Group, Mitr Phol Sugar Corp, Nordic Sugar A/S, Nordzucker Group AG.

RECENT HAPPENINGS IN THE MARKET:

In June 2019, Associated British Foods (ABF) expanded its business in China by forming a collaborative partnership with Yihai Kerry Arawana Holdings Company, a subsidiary of Wilmar. ABF's subsidiary, AB Mauri, which specializes in bakery ingredients and yeast production, wants to establish a market presence in China. By leveraging Yihai's well-established market network, AB Mauri will enhance its presence in the Chinese market.