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The global sugar market reached a volume of 185 Million Tons in 2021.
The growing demand for sugar-based, processed food products and the expanding baking and confectionary sectors are currently driving the global sugar market.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of sugar and sugar-based products.
Based on the product type, the global sugar market has been divided into white sugar, brown sugar, and liquid sugar. Among these, white sugar currently holds the largest market share.
Based on the form, the global sugar market can be segregated into granulated sugar, powdered sugar, and syrup sugar. Currently, granulated sugar exhibits a clear dominance in the market.
Based on the source, the global sugar market has been bifurcated into sugarcane and sugar beet, where sugarcane currently represents the largest segment.
Based on the end-use sector, the global sugar market can be categorized into food and beverages, pharma and personal care, and household. Among these, the food and beverages sector accounts for the majority of the total market share.
On a regional level, the market has been classified into Brazil, India, United States, European Union, China, Thailand, and others, where Brazil currently dominates the global market.
Some of the major players in the global sugar market include 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.
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