Global Caster Sugar Market Size to Exceed USD 71.83 Billion By 2035 | CAGR of 5.48%
Category: Food & BeveragesGlobal Caster Sugar Market Size to Exceed USD 71.83 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, the Global Caster Sugar Market Size is Expected to Grow from USD 39.96 Billion in 2024 to USD 71.83 Billion by 2035, at a CAGR of 5.48% during the forecast period 2025-2035.
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Browse key industry insights spread across 284 pages with 114 Market data tables and figures & charts from the report on the “Global Caster Sugar Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic Caster Sugar and Conventional Caster Sugar), By Application (Bakery and Confectionery, Beverages, Dairy Products, Household, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.” Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/caster-sugar-market
The Caster Sugar Industry is a term that describes the international business that produces, distributes, and sells caster sugar a highly granulated sugar that dissolves fast and is widely utilized in baking, confectionery, drinks, and other food products. Moreover, caster sugar is extensively utilized in the bakery and confectionery industry due to its fine texture and fast-dissolving nature. Global expansion of bakery and confectionery businesses, fueled by increasing consumer demand for cakes, pastries, and sweets, significantly drives caster sugar demand. Product innovation, i.e., launches of organic, flavored, and specialty caster sugars, appeals to health-aware and specialty consumers. Better packaging increases shelf life and attractiveness. These innovations appeal to changing consumer tastes and lifestyles, assisting brands in addressing new market segments and increasing overall sales. However, natural and artificial sweeteners such as stevia, aspartame, and monk fruit are in growing favor as healthier alternatives. These provide low or zero-calorie sweetness and appeal to health-conscious consumers and food makers looking to reformulate products, thus curbing the expansion of caster sugar sales.
The conventional castor sugar segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the caster sugar market is divided into organic caster sugar and conventional caster sugar. Among these, the conventional castor sugar segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to traditional caster sugar being cheaper than organic counterparts due to established refinement processes and scale economies. Being cheaper, it can reach more consumers, both in terms of households and food manufacturers, which generates more volume sales on an international level.
The bakery and confectionery segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period.
Based on the application, the caster sugar market is divided into bakery and confectionery, beverages, dairy products, household, and others. Among these, the bakery and confectionery segment accounted for a significant share in 2024 and is anticipated to grow at the fastest CAGR during the forecast period. The growth is driven by caster sugar a high-quality ingredient for bakery and confectionery items because of its fine quality and rapid dissolving nature. It is used frequently in cakes, cookies, pastries, and frostings and is thus the reason for the segment's high market share.
The supermarkets/hypermarkets segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the caster sugar market is divided into supermarkets/hypermarkets, convenience stores, online retail, and others. Among these, the supermarkets/hypermarkets segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth is attributed due to supermarkets and hypermarkets often provide sale promotions, discounts, and loyalty schemes that appeal to price-sensitive customers. These promotions not only drive-up sales but also lead to repeat purchases, maintaining their market dominance.
Asia Pacific is expected to hold the majority share of the global caster sugar market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global caster sugar market during the forecast period. Countries like India and Thailand are major producers of sugarcane, the basic raw material used to produce caster sugar. With plenty of land, a good climate, and governmental encouragement for the cultivation of sugarcane, the region enjoys a cheap volume of sugar production. This facilitates easy availability of caster sugar and cost benefits both in local and overseas markets.
North America is anticipated to grow at the fastest pace in the global caster sugar market during the forecast period. The increase of specialty bakeries, gourmet candy stores, and specialty coffee houses in the U.S. and Canada has been a major driver for the demand for premium caster sugar. They need finely milled sugar to maintain the accuracy of texture and taste. The expanding trend of high-end, handmade sweets has generated a powerful, high-value growth segment in the region.
Europe is predicted to hold a significant share of the caster sugar market throughout the estimated period. Europe has a very well-developed food and drink processing industry. Large bakeries, patisseries, and dessert makers need inputs of refined sugars such as caster sugar due to consistency and quality needs. Having well-developed infrastructure, automation, and standards for food grade guarantees stable supply and consumption of caster sugar in bulk quantities, increasing the share of the region's market.
Major vendors in the global caster sugar market are Tate & Lyle PLC, Cargill, Incorporated, Archer Daniels Midland Company, Südzucker AG, Nordzucker AG, Wilmar International Limited, Mitr Phol Sugar Corporation, Associated British Foods plc, Louis Dreyfus Company, Tereos S.A., Cosan Limited, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2025, Domino has released Baker's Sugar, an ultrafine sugar that is meant to improve baking outcomes. With its finer grain, it dissolves better, facilitating aeration and ending up in lighter, fluffier finished products. Baker's Sugar is particularly suitable for use in cakes, pastries, frosting, soufflés, and meringues, and can be used in place of granulated sugar directly on a one-to-one ratio.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the caster sugar market based on the below-mentioned segments:
Global Caster Sugar Market, By Product Type
- Organic Caster Sugar
- Conventional Caster Sugar
Global Caster Sugar Market, By Application
- Bakery and Confectionery
- Beverages
- Dairy Products
- Household
- Others
Global Caster Sugar Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Others
Global Caster Sugar Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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