Prepared for Einars R. | Delivered August 7, 2019
Global Sugar Market
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The goal is to find current trends and insights into the global sugar market, as well as predicted market changes and trends by 2020 for personal use.
The global sugar market produced almost
188 million tons
in 2018 and is expected to grow to almost
200 million tons
by 2024, with a CAGR of almost
The majority of the global sugar supply still comes from
, while a small amount comes from
current sugar market is
by white, brown, and liquid sugar on a general level. It is
into granulated sugar, powdered sugar and syrup sugar.
According to the International Sugar Organization, global sugar prices have "
", with raw sugar costing less than
Director Jose Orive also predicts a "global sugar deficit of about
3.5 million tonnes
in 2019-20, growing to nearly
6 million tonnes
and the "
war against sugar
" are the current major things that are quickly changing the global sugar outlook.
, in part, because of additional tariffs imposed on China from the US and lower oil prices.