Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Cane Sugar Market size was valued at USD 60.75 billion in 2024 and is likely to cross USD 92.65 billion by 2037, registering more than 3.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cane sugar is estimated at USD 62.45 billion.
The growth of the market can primarily be attributed to growing demand for cane sugar worldwide. Cane sugar is used widely for different industrial purposes. Apart from its utilization as sugar, cane sugar is also used as a source of energy and fuel. It is also used as a raw feed for various materials. Sugar crystals are also widely utilized in food and beverages industry for making different food products. It is also a preferred choice in the pharmaceutical, and cosmetic industries. According to the statistics by the International Sugar Organization (ISO), sugar consumption around the world touched 172.441 Million tonnes by the end of 2018, up from 123.454 Million tonnes in 2001. The statistics also stated that globally, the trade on sugar averaged around 64 Million tonnes/year. In addition, the rising production of sugar cane worldwide, and the increasing exports of the product is also anticipated to drive the market growth in the coming years. Besides this, the growing focus of the government of nations to raise the crop output is also expected to create numerous opportunities for cane sugar market growth.
