Top 9 Sugar Companies in the World

Food & Beverages

Top 9 Sugar Companies in the World

The global sugar market reached a volume of 192.1 Million Tons in 2023. As per the analysis by IMARC Group, the top sugar companies are increasingly focusing on investments in R&D to upgrade their existing facilities to expand their production capacity and meet the growing demand for sugar. The major market players are also opening new local production units in emerging markets to provide sugar at an affordable rate. Moreover, the easy product availability across online and offline organized retail channels is also creating lucrative growth opportunities for the market players. In addition to this, manufacturers are focusing on continual product innovations, including the development of new product variants with unique flavors, textures, and packaging. Also, the growing trend of organic food consumption is driving the demand for organic sugar with supplementary benefits such as sulphur-free composition, pesticide-free production, and enhanced flavor profile, thereby impacting the market positively. The key players are also focusing on sustainable farming practices, to reduce water and energy consumption, and minimize carbon footprint. Furthermore, the key players are continually exploring new applications using sugar, such as the production of alternative sweeteners and biofuels. Some of the other factors contributing to the market include rapid industrialization, considerable growth in the food and beverage (F&B) industry, inflating disposable income levels, continual technological advancements in agricultural practices. By 2032, the market volume is expected to reach 219.2 Million Tons, growing at a projected CAGR of 1.4% during 2024-2032.

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List of Top Manufacturers and Companies Operating in the Sugar Industry Worldwide:

The global sugar market has several major players including Suedzucker AG, Tereos, Cosan, Mitr Phol Sugar Corporation., Ltd., Associated British Foods, Nordzucker AG, Biosev (Louis-Dreyfus), Wilmar International Limited and Thai Roong Ruang Group. More information about these companies has been provided below.

1. Suedzucker AG

Establishment:

1926

Headquarters:

Mannheim, Germany

Website:

https://www.suedzuckergroup.com/


Suedzucker AG is a Germany-based company that is considered a major player in the global sugar market. The company specializes in the production of various types of sugar, specialty products, and bioethanol. In addition to its traditional products. A variety of sugar products, including low-calorie sweeteners and organic sugar, have also been developed by the company to meet consumer needs. In order to reduce its dependency on sugar products, Suedzucker AG has diversified its product portfolio to include functional ingredients, fruit preparations, frozen pizza, and bioethanol. The company operates in over 30 countries and has a significant market share in the sugar market, particularly the European sugar market. Diversification, innovation, sustainability, mergers, and acquisitions are all expected to help the company remain competitive.

2. Tereos

Establishment:

1999

Headquarters:

Moussy-le-Vieux, France

Website:

https://tereos.com/


Tereos is one of the key players in the global sugar market that produces various types of sugar products, including refined sugar, raw sugar, and specialty sugars. A range of specialty sugars is available from the company, including organic sugars, low glycemic index sugars, and beet syrups. In addition, Tereos incorporates sustainable farming practices in its farms, such as precision agriculture and biodiversity promotion, to improve sugar production efficiency. Tereos is also investing in new markets, such as the production of plant-based proteins and has expanded into biofuels, starches, and sweeteners. Tereos is headquartered in France, and the company operates in over 20 countries worldwide, and has a major business presence in Europe and South America.

3. Cosan

Establishment:

1936

Headquarters:

São Paulo, Brazil

Website:

https://www.cosan.com.br/


A major player in the global sugar market, Cosan is one of the largest sugar producers in the world, as well as a major producer of ethanol. A Brazilian multinational company, it operates in the sugar, ethanol, fuel distribution, natural gas, and logistics industries. In addition to new technologies and equipment, Cosan is continually expanding its sugar production capacity through acquisitions of new sugar mills. Furthermore, the company's sugarcane plantation area has been expanded to ensure reliable raw material supplies. In addition to forming strategic alliances with major industry players and acquiring sugar mills in Brazil, Mozambique and South Africa, Cosan is expanding its market reach through partnerships and acquisitions. 

4. Mitr Phol Sugar Corporation Ltd.

Establishment:

1946

Headquarters:

Bangkok, Thailand

Website:

https://www.mitrphol.com/


Mitr Phol Sugar Corporation Ltd. is a Thai sugarcane enterprise that operates as a fully-integrated organization with a vision of becoming a world-class sugar producer and a leader of the bio-based industry. The company offers a diverse portfolio of products and services ranging from consumer goods, power, ethanol, functional food components, wood substitutes, fertilizers, feed, and ancillary services. The company is also expanding its production capacity through new investments in technology and infrastructure. In addition to this, Mitr Phol has a vast production capacity, with 16 sugar mills and refineries in Thailand and nine other countries. With operations in Thailand, China, Australia, Laos, and Indonesia, the company has established a strong presence in the Asian arena.

5. Associated British Foods

Establishment:

1935

Headquarters:

London, United Kingdom

Website:

https://www.abf.co.uk/


Associated British Foods (ABF) is a globally-renowned food processing and retailing multinational corporation, with its headquarters situated in the United Kingdom. ABF has a sugar division, known as AB Sugar, which is one of the largest sugar producers in the world, offering both beet and cane sugar products. The company has a number of well-known sugar brands under its umbrella, including Silver Spoon, Billington's, and Twinings. AB Sugar has developed a wide range of innovative sugar products such as low-calorie sweeteners and specialty sugars to meet ever-changing consumer preferences. The company has made significant investments in research and development to optimize its sugar production processes, minimize waste, and enhance efficiency. AB Sugar operates across five continents across the globe, including Asia-Pacific, North America, South America, Europe, and Middle East and Africa. 

6. Nordzucker AG

Establishment:

1997

Headquarters:

Brunswick, Germany

Website:

https://www.nordzucker.com/


Nordzucker AG is a significant contributor to the global sugar market, with its headquarters located in Germany. The company has established itself as one of the leading producers of sugar in Europe, accounting for approximately 12% of the market share. Nordzucker AG product portfolio includes a wide range of sugar products, including granulated sugar, icing sugar, and sugar cubes, and specialty sugars such as invert sugar and liquid sugar under brand names "Nordzucker" and "Dan Sukker”. The company has formed strategic partnerships with other companies in the food and beverage industry, such as Coca-Cola and Nestle, to develop new sugar products and explore new market opportunities. Nordzucker AG operates production facilities in multiple European countries, including Denmark, Germany, Poland, Sweden, and the Czech Republic.

7. Biosev (Louis-Dreyfus)

Establishment:

1851

Headquarters:

Rotterdam, Netherlands

Website:

https://www.ldc.com/


Biosev, owned by Louis Dreyfus Company, is one of the largest agricultural commodities trading companies in the world and is a major player in the global sugar market. Biosev is a Brazilian-based sugar and ethanol manufacturer, and it is among the most significant sugarcane milling entities worldwide, with a milling capacity of approximately 36 million tons annually. Biosev has been expanding its production capacity through investments in new mills, modernizing existing mills, and increasing sugarcane planting areas. The company has integrated a digital platform that enables real-time monitoring of its mills' performance, thereby optimizing production processes and reducing downtime. Biosev operates offices in various countries, including the United States, Europe, and Asia, and has a robust sales network that facilitates its access to customers in over 60 countries.

8. Wilmar International Limited

Establishment:

1991

Headquarters:

Biopolis Precinct, Singapore

Website:

https://www.wilmar-international.com/


Wilmar International Limited is a major player in the global sugar market and is involved in various agribusinesses, including sugar, palm oil, and other commodities. The company is engaged in the production of raw and refined sugar, which it supplies to various customers such as food and beverage manufacturers, traders, and retailers. The company has invested in various sustainability initiatives in its sugar operations, such as the use of bagasse (sugarcane waste) as a renewable energy source to power its mills. Wilmar is a leading agribusiness group headquartered in Singapore that operates in more than 50 countries worldwide. The company has a combined production capacity of approximately 2.3 million tonnes per year, with sugar mills and refineries located in Indonesia, Australia, and Africa.

9. Thai Roong Ruang Group

Establishment:

1946

Headquarters:

Bangkok, Thailand

Website:

https://www.sony.net/


The Thai Roong Ruang Group is one of the leading sugar companies in Thailand and is considered a key player in the global sugar market. The company has invested in expanding its production capacity by building new sugar mills and refineries. It has also modernized its existing facilities to improve efficiency and reduce costs. The company has diversified its product portfolio to reduce its dependence on traditional sugar products, as well as upgrading its existing facilities for enhanced efficiency and reduced costs. Additionally, TRR Group has diversified its product portfolio to mitigate its reliance on traditional sugar products, by venturing into the production of biofuels and other value-added products. The company has a strong presence in the Asia-Pacific region and exports its products to various countries around the world. Apart from Thailand, the company also has sugar operations in other countries, including Cambodia, Laos, and China. 

About Author:

Aditi Kumar 

Senior Content Writer at IMARC Services Private Limited

Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.

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