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In 2022, the total value of the sugar industry was estimated at $5.28 billion. By 2030, the global sugar market is predicted to be worth $6.49 billion, with a CAGR of 3.1% between 2022 and 2030. The sugar market is essential for supplying the nation's food and drink manufacturers with the sweetener they require. Domestic production capacity is maintained, and consumer demand is met, via a combination of domestic production and imports, as best as possible.
The sugar industry in this country is vital to the agricultural and food economies overall. In Japan, sugar has multiple purposes, including as a sweetener and an ingredient in many different kinds of food and drink. The sugar market includes domestic production, imports, distribution, and domestic consumption. Both refined sugar and items containing sugar are in high demand in Japan, making the country a major user of sugar. There are both locally produced and imported items on the market. Since the country's production capacity for sugar is so low, it has always had to rely on imports. The government regulates the sugar market and sets import quotas in order to safeguard native sugar producers. Imports from Australia, Thailand, and Brazil make up the bulk of the market's supply. In an effort to strike a balance between indigenous production and imports, tariffs and quotas are applied to certain goods. Factors such as population expansion, shifting dietary choices, and economic situations all play a role in shaping Japan's sugar consumption. In recent years, the industry has switched towards alternative sweeteners and healthier sugar replacements due to the increasing health consciousness among consumers.
This study breaks down the global sugar industry into its component parts, providing projections for revenue growth and analyses of market trends for each. In this study, we take a close look at the factors driving the sugar market's expansion and the opportunities and threats it faces. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the sugar market is broken down, and the report's authors identify and characterise the leading competitors in each.
Influential Elements
The people of Japan come from many walks of life and have all kinds of tastes when it comes to food. The overall demand for sugar and sugar-containing products is directly affected by population size and composition. When there is a rise in population or other demographic changes, the sugar market readjusts to fulfil the needs of consumers. The Japanese sugar market is intrinsically linked to the food and drink sectors. The manufacturing of sweets, baked goods, beverages, and processed foods all contribute to the rising need for sugar. Increases or decreases in sugar consumption can be traced back to trends in the food and beverage industry. Improvements in sugar production, refining, and processing technology may have an effect on the industry. The competitiveness and supply dynamics of the sugar market may be affected by innovations that increase production efficiency, quality, and sustainability.
Factors That Hold It Back
Japan can't produce enough sugar to meet local demand on its own since there isn't enough land suitable for sugarcane growing. Given the market's reliance on imports, variations in global sugar prices and supply interruptions could have a significant impact. The worldwide sugar market is affected by both price fluctuations and trade obstacles (such as tariffs and quotas) implemented by different governments. Sugar imports to Japan are susceptible to price and supply fluctuations due to shifts in global trade regulations and market conditions.
Cane sugar and beetroot sugar are the two main types of sugar used in the industry. The cane sugar market is projected to account for the majority of the sugar market share during the study period. Historically, the country has relied on sugar imports from cane, therefore factors like increased availability and lower prices explain the expansion. Cane sugar has been the most important part of the market since it is more easily produced elsewhere and has been imported to Japan for longer. Granulated sugar, powdered sugar, and syrup all make up distinct segments of the sugar industry. The granulated sugar market is projected to grow at a faster rate than any other type of sugar over the study's time frame. Granulated sugar is the most popular form of sugar due to its convenience and adaptability; it has numerous uses in the kitchen and the workplace. Many different types of baked goods, sweets, beverages, and processed meals rely on this sweetener as their principal sweetener. Japan's significant usage of granulated sugar in cooking and consumption habits is driving demand.
Food and beverage and pharmaceuticals are the two main segments of the sugar market. It is anticipated that the food and beverage sector would account for the greatest proportion of the sugar market in the coming years. The food industry, which includes the manufacture of candies, pastries, beverages, and processed foods, has a much higher demand for sugar than the pharmaceutical industry. Sugar's popularity stems in part from the fact that it can be found in so many different foods and beverages.
Report Coverage
Global Sugar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sugar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sugar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sugar market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sugar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sugar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Südzucker AG (Germany), Cargill, Inc. (US), Associated British Foods plc (UK), Raízen (Brazil), Lantic Inc. (Germany), Mitr Phol Group (Thailand), AMERICAN CRYSTAL SUGAR (US), Louis Dreyfus Company (Netherlands), Tereos (France), and Michigan Sugar Company (US), Nissin Sugar Co., Ltd., Wilmar International Ltd, Mitsui DM Sugar Co., Ltd., Nippon Beet Sugar Manufacturing Co., Ltd., Others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sugar market based on the below-mentioned segments:
Global Sugar Market, By Source
Cane Sugar
Beet Sugar
Global Sugar market, By Form
Granulated
Powdered
Syrup
Global Sugar Market, By Use
Food & Beverage
Pharmaceuticals
Global Sugar market, Regional Analysis
The sugar industry in this country is vital to the agricultural and food economies overall. In Japan, sugar has multiple purposes, including as a sweetener and an ingredient in many different kinds of food and drink. The sugar market includes domestic production, imports, distribution, and domestic consumption. Both refined sugar and items containing sugar are in high demand in Japan, making the country a major user of sugar. There are both locally produced and imported items on the market. Since the country's production capacity for sugar is so low, it has always had to rely on imports. The government regulates the sugar market and sets import quotas in order to safeguard native sugar producers. Imports from Australia, Thailand, and Brazil make up the bulk of the market's supply. In an effort to strike a balance between indigenous production and imports, tariffs and quotas are applied to certain goods. Factors such as population expansion, shifting dietary choices, and economic situations all play a role in shaping Japan's sugar consumption. In recent years, the industry has switched towards alternative sweeteners and healthier sugar replacements due to the increasing health consciousness among consumers.
This study breaks down the global sugar industry into its component parts, providing projections for revenue growth and analyses of market trends for each. In this study, we take a close look at the factors driving the sugar market's expansion and the opportunities and threats it faces. The competitive landscape has been drawn taking into account the most up-to-date market changes and tactics, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the sugar market is broken down, and the report's authors identify and characterise the leading competitors in each.
Influential Elements
The people of Japan come from many walks of life and have all kinds of tastes when it comes to food. The overall demand for sugar and sugar-containing products is directly affected by population size and composition. When there is a rise in population or other demographic changes, the sugar market readjusts to fulfil the needs of consumers. The Japanese sugar market is intrinsically linked to the food and drink sectors. The manufacturing of sweets, baked goods, beverages, and processed foods all contribute to the rising need for sugar. Increases or decreases in sugar consumption can be traced back to trends in the food and beverage industry. Improvements in sugar production, refining, and processing technology may have an effect on the industry. The competitiveness and supply dynamics of the sugar market may be affected by innovations that increase production efficiency, quality, and sustainability.
Factors That Hold It Back
Japan can't produce enough sugar to meet local demand on its own since there isn't enough land suitable for sugarcane growing. Given the market's reliance on imports, variations in global sugar prices and supply interruptions could have a significant impact. The worldwide sugar market is affected by both price fluctuations and trade obstacles (such as tariffs and quotas) implemented by different governments. Sugar imports to Japan are susceptible to price and supply fluctuations due to shifts in global trade regulations and market conditions.
Cane sugar and beetroot sugar are the two main types of sugar used in the industry. The cane sugar market is projected to account for the majority of the sugar market share during the study period. Historically, the country has relied on sugar imports from cane, therefore factors like increased availability and lower prices explain the expansion. Cane sugar has been the most important part of the market since it is more easily produced elsewhere and has been imported to Japan for longer. Granulated sugar, powdered sugar, and syrup all make up distinct segments of the sugar industry. The granulated sugar market is projected to grow at a faster rate than any other type of sugar over the study's time frame. Granulated sugar is the most popular form of sugar due to its convenience and adaptability; it has numerous uses in the kitchen and the workplace. Many different types of baked goods, sweets, beverages, and processed meals rely on this sweetener as their principal sweetener. Japan's significant usage of granulated sugar in cooking and consumption habits is driving demand.
Food and beverage and pharmaceuticals are the two main segments of the sugar market. It is anticipated that the food and beverage sector would account for the greatest proportion of the sugar market in the coming years. The food industry, which includes the manufacture of candies, pastries, beverages, and processed foods, has a much higher demand for sugar than the pharmaceutical industry. Sugar's popularity stems in part from the fact that it can be found in so many different foods and beverages.
Report Coverage
Global Sugar research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sugar report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sugar competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sugar market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Südzucker AG (Germany), Cargill, Inc. (US), Associated British Foods plc (UK), Raízen (Brazil), Lantic Inc. (Germany), Mitr Phol Group (Thailand), AMERICAN CRYSTAL SUGAR (US), Louis Dreyfus Company (Netherlands), Tereos (France), and Michigan Sugar Company (US), Nissin Sugar Co., Ltd., Wilmar International Ltd, Mitsui DM Sugar Co., Ltd., Nippon Beet Sugar Manufacturing Co., Ltd., Others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Sugar Market from 2021 to 2030.
- Market Forecast for Sugar Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Sugar competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Sugar
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sugar market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sugar market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Südzucker AG (Germany), Cargill, Inc. (US), Associated British Foods plc (UK), Raízen (Brazil), Lantic Inc. (Germany), Mitr Phol Group (Thailand), AMERICAN CRYSTAL SUGAR (US), Louis Dreyfus Company (Netherlands), Tereos (France), and Michigan Sugar Company (US), Nissin Sugar Co., Ltd., Wilmar International Ltd, Mitsui DM Sugar Co., Ltd., Nippon Beet Sugar Manufacturing Co., Ltd., Others
Primary Target Market
- Market Players of Sugar
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sugar market based on the below-mentioned segments:
Global Sugar Market, By Source
Cane Sugar
Beet Sugar
Global Sugar market, By Form
Granulated
Powdered
Syrup
Global Sugar Market, By Use
Food & Beverage
Pharmaceuticals
Global Sugar market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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