World Sugar Market To Grow 0.8% Annually From 2015 To 2019

Date: 2015-06-15

Global demand for sugar is forecast to expand 0.8% p.a. between 2015 and 2019. China, India, Indonesia, Turkey and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global sugar industry is forecast to reach 0.8% p.a. in the coming years.Between 2008 and 2014 the market increased with an average annual growth of 6.5%. Currently, solid refined sugar accounts for 38.7% of the global demand while the remaining market share is divided between raw cane sugar (49.4%), molasses (9.6%), maplesyrup and maple sugar (1.5%) and rawbeet sugar (0.8%).
China, India, Indonesia, Turkey and the United States represent the largest sugar markets while the strongest annual growth is forecast to occur in Kenya (7.4%), Vietnam (6.7%), Moldova (6.5%), Senegal (6.5%) and Ecuador (6.2%).


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