$13.5bn
$X.Xbn
14,195
56
$X.Xbn
The Sugar Processing industry refines sugar from sugar beets and sugarcane and produces sugar products for consumer and industrial use. The industry has contended with falling demand abroad, volatile input prices and a pandemic. In particular, COVID-19 has reduced production capacities and boosted unemployment rates, hindering expansion in industry revenue and downstream demand for sugar. Industry revenue grew at a CAGR of 1.5% to reach an estimated $13.5 billion over the past five years, including a 0.1% boost in 2024.
Industry revenue has grown at a CAGR of 1.5 % over the past five years, to reach an estimated $13.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Florida Crystals Corporation | 1,608.8 | 72.6 | 4.5 | |
American Crystal Sugar Company | 931.8 | 41.4 | 4.4 | |
Louis Dreyfus Co B.V. | 808.9 | 10.8 | 1.3 |
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Industry revenue is measured across several distinct product and services lines, including Refined cane sugar, Beet sugar and Raw cane sugar. Refined cane sugar is the largest segment of the Sugar Processing in the US.
Beet sugar will remain dominant
The Sugar Processing industry comprises establishments that primarily manufacture raw sugar, liquid sugar and refined sugar from sugarcane, raw cane sugar and sugar beets. This industry acquires its raw materials from sugarcane growers. Sugar refiners also buy raw sugar from millers. This raw material is processed into various sugar products for industrial and consumer use.
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NAICS 31131 - Sugar Processing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry has maintained major downstream markets. Downstream beverage and snack producers have begun to use cane sugar as a substitute for high-fructose corn syrup (HFCS)...
Learn about an industry's products and services, markets and trends in international trade.
Higher consumer income has strengthened demand for sugary products over the past five years. The industry, which relies heavily on demand from restaurants and other food serv...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most sugar processors are vertically integrated. Sugar processing operators are located on or near sugar mills, allowing for quick processing and lower transportation costs f...
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.
Calorie-free sweeteners can substitute sugar. Health concerns about obesity often lead consumers to choose no-calorie sweeteners instead of sugar since these sweeteners provi...
Learn about the performance of the top companies in the industry.
Florida Crystals Corporation focuses on upholding sustainability throughout its operations. In that regard, the company implements advanced technology that helps to minimize ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Sugar processors must follow many environmental regulations. These regulations enforce industry standards for the following: water resources, air resources, combustible dust ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit tends to be higher than in other industries in this sector. Most processors are vertically integrated companies, thereby streamlining operations and cutting costs.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Sugar Processing in the US industry in United States is $13.5bn in 2024.
There are 56 businesses in the Sugar Processing in the US industry in United States, which has grown at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Sugar Processing in the US industry in United States has been growing at a CAGR of 1.5 % between 2019 and 2024.
Over the next five years, the Sugar Processing in the US industry in United States is expected to grow.
The biggest companies operating in the Sugar Processing market in United States are Florida Crystals Corporation, American Crystal Sugar Company and Louis Dreyfus Co B.V.
Raw sugar processing and Liquid sugar processing are part of the Sugar Processing in the US industry.
The company holding the most market share in United States is Florida Crystals Corporation.
The level of competition is high and increasing in the Sugar Processing in the US industry in United States.