The sugar market - Italy

The name "sugar" refers to sucrose, a sweet-tasting disaccharide composed of a glucose molecule and a fructose molecule harvested mainly from sugar plants. Sugar cane and sugar beet are the two main sources of sugar; additional sources of sugar include coconut and maple trees. Brazil and India, which together account for one-third of world sugar production, dominate the world market; the European Union is the third largest producer in the world. Sugar is the basic building block of many food products such as snacks, cakes, cookies, and is present in most carbonated beverages. Sugar has applications not only in the food sector but also in the pharmaceutical sector such as in the production of syrups and children's medicines. The extraction techniques for these two plants differ, but purification, concentration, refining and crystallization follow the same course. We get about 15 kilograms of crystalline sucrose and about 5 kilograms of molasses from 100 kilograms of beets, which still contain about two and a half kilograms of sugar. in 2023 the global industrial sugar market reached a total value of 48.4 billion dollars. In the period 2024-2028 this market is expected to grow modestly, with a projected compound annual growth rate (CAGR) of 5.0 percent . By the end of the period, the world industrial sugar market could reach a total value of 59.2 billion dollars. The world's leading sugar producers are Brazil and India, which contributed 41.9% of world production in 2023. On the consumption side, India and the European Union collect the largest shares worldwide and together contribute 26.6% of the total. This study focuses on the sugar market in Italy, analyzing consumption trends, competitive dynamics and growth prospects for the sector. For information on related markets, such as confectionery, please consult the specific studies available in the Businesscoot catalog.