The industrial sugar market is projected to reach USD 59.1 billion by 2028 from USD 46.4 billion by 2023, at a CAGR of 5.0% during the forecast period in terms of value. Owing to the increase in demand for processed foods, consumer awareness and changing

The Coconut Sugar market size reached USD 2.31 billion in 2021 and is expected to reach USD 3.57 billion by 2029, growing at a CAGR of 5.6 % during the forecast period.

Sugar is considered as one of the most important commodities, and is produced and consumed around the world, of which around 70% of production is consumed in domestic markets and only 30% is traded in the international markets.

Major players in the market include Cargill Incorporated (U.S.), Archer Daniel Midland (U.S.), Raizen SA (Brazil), Sudzucker AG (Germany), and Tereos (France).

The industrial sugar market is estimated to be valued at USD 35.69 Billion in 2015, and is projected to grow at a CAGR of 6.01% during the forecast period of 2016 to 2022