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Research Outline
Prepared for Einars | Delivered August 7, 2019
Global Sugar Market
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Goals
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.
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Early Findings
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
1%
.
The majority of the global sugar supply still comes from
sugar cane
, while a small amount comes from
sugar beets
.
T
h
e
current sugar market is
broken down
by white, brown, and liquid sugar on a general level. It is
further segmented
into granulated sugar, powdered sugar and syrup sugar.
According to the International Sugar Organization, global sugar prices have "
hit bottom
", with raw sugar costing less than
10 cents
per pound.
Director Jose Orive also predicts a "global sugar deficit of about
3.5 million tonnes
in 2019-20, growing to nearly
6 million tonnes
in 2020-21".
Weather
and the "
war against sugar
" are the current major things that are quickly changing the global sugar outlook.
Sugar prices
are falling
, in part, because of additional tariffs imposed on China from the US and lower oil prices.
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