Sugar Market to Witness High Growth, Demand Analysis and Forecast - 2030 | IMR

Global Sugar Market is valued at USD 46.08 Billion in 2021 and is anticipated to reach USD 68.83 Billion over the forecast period 2028, at a CAGR of 5.9%.

Mostly derived from sugarcane and sugar beet, sugar is a sweet, crystalline dietary supplement. It is a food additive that is utilized in a wide range of beverages, food products, and non-food applications. Growing sugarcane production, rising market prices, a recent development in the sugar beet industry, and the trend of consuming ready-to-eat goods are the factors that have established the global market. The market is anticipated to develop over the forecast period due to rising beverage consumption and the introduction of novel foods and beverages. During the projected period, the market is expected to develop due to the high output of sugar derived from sugarcane in the respective regions and the growing preferences of consumers for the products.

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