PUBLISHER: SkyQuest | PRODUCT CODE: 1624136
PUBLISHER: SkyQuest | PRODUCT CODE: 1624136
Global Plantation White Sugar Market size was valued at USD 36.2 billion in 2023 and is poised to grow from USD 37.39 billion in 2024 to USD 48.49 billion by 2032, growing at a CAGR of 3.3% during the forecast period (2025-2032).
The global plantation white sugar market is witnessing increased growth, propelled by rising consumer demand for diverse food and beverage products. Known for local manufacturing in sugarcane-producing regions, plantation white sugar, or mill white sugar, is produced without remelting or refining raw sugar. The process involves treating extracted juice with sulphur dioxide, which bleaches colorants before lime is added for neutralization. Although ideal for table use, it contains all non-sugar components present in raw sugar, making it less suitable for food preparation. With sugar consumption projected to reach approximately 2.5 million tonnes in 2019, the anticipated economic recovery and a resurgence in tourism are expected to revitalize the hotel and food service sectors, further boosting demand for plantation white sugar.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Plantation White Sugar market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Plantation White Sugar Market Segmental Analysis
Global Plantation White Sugar Market is segmented by Type, Distribution Channel and region. Based on Type, the market is segmented into Granulated and Crystalline. Based on Distribution Channel, the market is segmented into Online and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Plantation White Sugar Market
The global plantation white sugar market is primarily driven by its rising demand in the food and beverage sector. This versatile ingredient is widely employed as a sweetener, enhancing the taste of various products. Its role is crucial, especially as powerful sweeteners are frequently incorporated into foods to mimic the sweetness of traditional sugars while minimizing energy content. This trend caters to health-conscious consumers seeking to manage their calorie and carbohydrate intake, further propelling the demand for plantation white sugar as it remains a key component in numerous food formulations. Overall, the growing focus on healthier eating habits continuously elevates the market potential for plantation white sugar.
Restraints in the Global Plantation White Sugar Market
The Global Plantation White Sugar market faces significant restraints due to rising concerns over the adverse health effects associated with high sugar consumption. While white sugar serves as a popular sweetening agent in numerous food and beverage items, notably in confectionery and bakery sectors, the growing awareness among consumers about the detrimental health consequences of excessive sugar intake is hindering market growth. Increased sugar consumption is linked to various health issues, including obesity, diabetes, and heart disease, prompting consumers to seek healthier alternatives. Consequently, this shift in consumer attitudes poses a challenge to the expansion of the plantation white sugar market.
Market Trends of the Global Plantation White Sugar Market
The Global Plantation White Sugar market is witnessing a significant trend influenced by rising food and gasoline prices amid global uncertainty and climate change challenges. As countries like India strive for energy security, there is an increasing emphasis on sustainable agricultural practices. This includes encouraging smallholder farmers to diversify their crop production, integrating both food and biofuel crops, thereby improving their livelihoods. As consumers become more conscious of sustainable sourcing, the demand for ethically produced plantation white sugar-cultivated with environmental considerations-grows, positioning it as an essential player in the evolving global agricultural landscape amidst these pressing economic and environmental challenges.