The Global Sugar Market
USA produces 8.3MT of sugar and consumes 11.6MT yearly. This creates a deficit of 3.3MT which must be imported from global producers.
The global sugar market represents 183MT valued at $66.39B in 2023 and is projected to grow to 295MT and $103.68B by 2030. The US sugar market represents 14MT valued at $7.5B in 2023 and is projected to grow to 19.3MT and $11.67B by 2030.
THE US IS THE
largest producer
1
th
US sugar market in size
AND THE
largest consumer
1
th
US MARKET CONCENTRATION
80% of the market is controlled by 4 companies
80% of the market is controlled by 4 companies
The US market deficit requires sourcing of sugar from throughout the world
3.3 millions tons of raw sugar were imported in 2023
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