Future of Sugar Market
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As we look ahead to 2025–2030, the future outlook of the sugar industry stands at the crossroads of opportunity and transformation. The latest data from MarkNtel Advisors sets the baseline: in 2024, the global sugar market was valued at around 181.22 million tons , and it is expected to surge to approximately 239.22 million tons by 2030 representing a robust compound annual growth rate (CAGR) of roughly 5.71% . Key Growth Drivers Several powerful forces are steering the sugar market growth outlook : Rapid expansion in food sectors : The booming bakery, confectionery, dairy, and beverage industries continue to elevate sugar demand across regions. Government support for crop cultivation : Countries such as Brazil, India, and the Philippines are advancing sugarcane and sugar beet farming through subsidies, incentives, and infrastructure investments. Rising appetite for specialty and organic sugars : Health-conscious trends are driving...