Sugar Substitutes Market Size, Share and Trends Analysis Report 2023-2030 | IMR
Sugar Market Size Was Valued at USD 48.86 Billion in 2022, and is Projected to Reach USD 77.88 Billion by 2030, Growing at a CAGR of 6 % From 2023-2030.
Sugar is a crystalline sweet food additive that is mostly made from sugar beet and sugarcane. This food additive is utilized in a wide range of food items, drinks, 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.
Important nations that produce sugar, such as Brazil, India, and Thailand, had to deal with issues including unfavorable weather that reduced crop production. Because sugar is widely used in the food and beverage industries, its demand has remained largely consistent despite fluctuations in its supply. The continued need for sweeteners was also fueled by the world population's expansion and the rising disposable incomes of emerging economies.
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Sugar Market Size Was Valued at USD 48.86 Billion in 2022, and is Projected to Reach USD 77.88 Billion by 2030, Growing at a CAGR of 6 % From 2023-2030.
Sugar is a crystalline sweet food additive that is mostly made from sugar beet and sugarcane. This food additive is utilized in a wide range of food items, drinks, 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.
Important nations that produce sugar, such as Brazil, India, and Thailand, had to deal with issues including unfavorable weather that reduced crop production. Because sugar is widely used in the food and beverage industries, its demand has remained largely consistent despite fluctuations in its supply. The continued need for sweeteners was also fueled by the world population's expansion and the rising disposable incomes of emerging economies.
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