Plantation White Sugar Market Size, Share, Growth Analysis, By Type(Granulated, Crystalline), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031

Plantation White Sugar Market size was valued at USD 37.26 billion in 2019 and is poised to grow from USD 38.49 billion in 2023 to USD 51.55 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).

The worldwide Plantation White Sugar market has a high level of competition. Consumption is expected to reach a new high due to expansion in economies such as China, India, Indonesia, and Russia. Shipments are expected to fall as the reduction in India outweighs stronger exports from Brazil and Thailand. Stocks are expected to fall as consumption growth outpaces production growth. China is expected to import less in order to draw down stockpiles for domestic use. Thailand is likely to reduce supplies in response to robust demand. 'Sudzucker AG', 'Tereos Internacional S.A.', 'Cosan Limited', 'Wilmar International Limited', 'Associated British Foods plc (ABF)', 'Mitr Phol Sugar Corp.', 'E.I.D. Parry (India) Limited', 'Bunge Limited', 'Thai Roong Ruang Sugar Group (TRR)', 'Shree Renuka Sugars Limited', 'Nanning Sugar Industry Co., Ltd.', 'Guangxi Guitang Group Co., Ltd.', 'China National Agricultural Development Group Corporation (CNADGC)', 'Guangxi Fengtang Biochemistry Co., Ltd.', 'Inner Mongolia Hengzheng Group Baoanzhao Agriculture and Animal Husbandry Co., Ltd.', 'Guangxi Wuzhou Zhongheng Group Co., Ltd.', 'China Agri-Industries Holdings Limited', 'Guangxi Guilin Layn Natural Ingredients Corp.', 'Guangxi Funan East Asia Sugar Co., Ltd.', 'Guangxi Nanning Sugar Industry Co., Ltd.'

Plantation white sugar is extensively used as a sweetener in the food and beverage industry. Sweeteners, particularly powerful sweeteners, are added to foods to replace the sweetness generally given by sugars without significantly contributing to available energy and to allow consumers to limit calorie or carbohydrate consumption.

Food and gasoline prices have risen considerably because of the present uncertainty. Furthermore, the entire planet is facing climate change. India must handle its energy security, and as an agrarian country with millions of small farmers, it must give meaningful livelihoods to its people. Farmers may meet this need by planting crops for both food and fuel.

The Asia Pacific is quickly emerging as a lucrative market for Plantation White Sugar, with India emerging as the fastest growing market. Its production is also increasing significantly in Thailand, which benefits the Asia Pacific market. Leading manufacturers are actively expanding their operations in this region, which is expected to boost its prominence in the market.