$78.1bn
$X.Xbn
1m
2,690
$X.Xbn
Global sugar manufacturers have endured fluctuations in global sugar prices over the five years to 2023. Nonetheless, global sugar manufacturers' revenue is anticipated to strengthen at a CAGR of 4.4% to $78.1 billion over the five years to 2023, including a boost of 0.5% in 2023.Brazil is very influential to the industry's health. The country produces and exports the most sugar of any nation and is also the second-largest producer of ethanol, which is often produced from sugarcane. As energy prices have strengthened over the past five years, Brazil has expansively diverted more of its sugar stock toward ethanol production. Brazil's changing production and export levels have impacted the world supply of sugar, which, in turn, has disturbed world sugar prices. For example, prior to the current period, in 2011, when Brazil cut its production of sugar by 2.0 million tons, the world price of sugar shot up 25.6%; the following year, as Brazil boosted production by more than 2.0 million tons, the world price of sugar dropped 18.5%. These fluctuations in production, coupled with other countries following Brazil's lead and diverting their sugar stock toward ethanol production or other more valuable crops, have led revenue for the entire industry to experience intense volatility during the current five-year period. Profit, measured as earnings before interest and taxes, meanwhile, inched down to 4.6% of revenue in 2023.These factors are expected to continue driving volatility in the world price of sugar and global sugar manufacturers' revenue over the five years to 2028. Despite ongoing fluctuations, the world price of sugar will moderately drop as global demand for sugar and sugar-heavy products dips, along with lower energy prices, which will likely prompt demand for alternative fuel sources, like ethanol. Also, as demand from developing nations continues to swell and as trade barriers are expansively removed, global production and international trade of sugar will strengthen. As a result of these factors, global sugar manufacturers' revenue will drop at a CAGR of an estimated 3.3% to $66.0 billion over the five years to 2028.
Industry revenue has grown at a CAGR of 4.4 % over the past five years, to reach an estimated $78.1bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Suedzucker AG | 3,749.4 | N/A | N/A | |
Tereos SA | 3,358.8 | N/A | N/A | |
Associated British Foods PLC | 2,655.8 | N/A | N/A |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Refined beet sugar, Refined cane sugar and Raw cane sugar. Refined beet sugar is the largest segment of the Global Sugar Manufacturing.
Cane sugar dominates, while beet sugar holds steady
Companies in this industry manufacture raw sugar, liquid sugar, refined sugar and molasses. Sugar and molasses can be derived from either giant grass called sugarcane or the root vegetable sugar beet. This raw material is processed into a range of sugar products for industrial and consumer uses. The final products are sold to grocery wholesalers and retailers, organic chemical manufacturers and food manufacturers.
Purchase this report to view all 5 major companies in this industry.
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Sugar manufacturers endure extreme price volatility because of factors like higher ethanol production and fluctuating production levels. However, expanding markets in Asia, A...
Learn about an industry's products and services, markets and trends in international trade.
Food processors represent the largest market for sugar manufacturers because of steady demand for sugar. Sales to grocery wholesalers and supermarkets also represent signific...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Latin America, especially Brazil, dominates global sugar production. India, Central Asia and Southeast Asia also substantially contribute to sugar production, with India prod...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Government regulations and trade policies have traditionally impacted global sugar manufacturing competition. However, this is changing with the EU and US lowering their dome...
Learn about the performance of the top companies in the industry.
No single global sugar manufacturer comprises at least 5.0% market share. Overall, however, concentration varies by region. For example, Brazil has a very fragmented sugar ma...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The US and Indian sugar markets are heavily regulated, with mandates and controls on import, production and prices, while Brazil operates with minimal government interference....
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Global sugar manufacturers’ profit heavily depends on world sugar prices and domestic policies. Recent trends show a dip in profit despite increased global sugar prices.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Global Sugar Manufacturing industry in Global is $78.1bn in 2024.
There are 2,690 businesses in the Global Sugar Manufacturing industry in Global, which has declined at a CAGR of 0.3 % between 2018 and 2023.
The market size of the Global Sugar Manufacturing industry in Global has been growing at a CAGR of 4.4 % between 2018 and 2023.
Over the next five years, the Global Sugar Manufacturing industry in Global is expected to decline.
The biggest companies operating in the Global Sugar Manufacturing market in Global are Suedzucker AG, Tereos SA and Associated British Foods PLC
Brown sugar manufacturing and Refined cane sugar manufacturing are part of the Global Sugar Manufacturing industry.
The company holding the most market share in Global is Suedzucker AG.
The level of competition is moderate and increasing in the Global Sugar Manufacturing industry in Global.