Global Sugar Market will be US$ 53 Billion by 2027

In recent years, the steadily rising crude oil prices and lower global output are expected to provide much-needed support to sugar prices and factors such as sugar consumption in food and pharmaceutical industry will drive this market. However, huge inventories, robust products in the ongoing season and near stagnant domestic demand will cap the price gains. Remarkably, the sugar industry worldwide is a residual market characterised by extreme volatility, which often trades below global production costs. As per Renub Research Analysis, Global Sugar Market will reach to US$ 53 Billion by 2027.

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