Industrial Sugar Market Overview

Market Size and Growth Drivers

• Market Size: The industrial sugar market size is projected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value.
• Demand in Processed Foods: Increasing consumption of convenience foods, beverages, and confectionery globally continues to drive demand for sugar as a sweetener and texture enhancer.
• Emerging Markets: Rapid urbanization and changing lifestyles in regions like Asia-Pacific, Africa, and Latin America are contributing significantly to market expansion.

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