Mexico Sugar Market Report and Forecast 2024-2032

Mexico Sugar Market Size

The Mexico sugar market reached approximately 4.57 million tons in 2023. The market is projected to grow at a CAGR of 1% between 2024 and 2032, reaching a volume of around 5.03 million tons by 2032.

Mexico Sugar Market Outlook

• As per the industry reports, the total sugar production in Mexico is estimated to be around 5.5 million metric tons of raw value in 2024-25.

• Around 88 per cent of the sugar imported from the United States is expected to go to Mexico in fiscal year 2024.

• Sugarcane production in Mexico witnessed an increase in the year 2021-22 due to the increased rainfall as well as growth in the plantation area.

Mexico Sugar Market Growth

The rising implementation of sustainable farming practices in sugarcane production, growing demand for organic sugar, and rising demand for ethically sourced food products such as sugar are some of the prominent market drivers. Growing consumer concerns regarding labour conditions and environmental impact associated with sugar production have resulted in high demand for fair trade certified goods.

Numerous consumers are readily choosing organic sugar as a means to stay clear of these chemicals, which can be harmful to their health. This corresponds with the rising health trends, where consumers are conscious of their dietary decisions and the potential adverse health consequences associated with consuming chemically treated foods.

The sugar sector in Mexico, similar to numerous agricultural sectors worldwide, is readily integrating high-end technologies to boost productivity and efficiency. These advancements play a vital role in optimising resource utilisation, enhancing crop yields, and effectively managing agricultural inputs.

Mexico Sugar Industry Segmentation

“Mexico Sugar Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• White

• Brown

• Liquid

Market Breakup by Form

• Granulated

• Powdered

• Syrup

Market Breakup by Source

• Sugar Beet

• Sugarcane

Market Breakup by End Use

• Food and Beverages

• Pharma and Personal Care

• Household

• Others

Market Breakup by Region

• Baja California

• Northern Mexico

• The Bajío

• Central Mexico

• Pacific Coast

• Yucatan Peninsula

Mexico Sugar Market Share

Based on form, the market is divided into granulated, powdered, and syrup. Granulated sugar accounts for a major market share as it is highly versatile and can be utilised in a wide range of culinary uses, ranging from baking and cooking to enhancing the sweetness of beverages. Its finely granulated crystals effortlessly dissolve, making it the favoured option for household and commercial use.

Leading Companies in the Mexico Sugar Market

The market players are increasing their offerings of sustainably produced sugar to meet the evolving regulatory landscape.

• Cargill Inc.

• Beta San Miguel (BSM)

• ZUCARMEX S.A. DE C.V.

• Wilmar International Ltd.

• COFCO Corporation

• Associated British Foods Plc (ABF Sugar)

• Promotora Industrial Azucarera, S.A. de C.V.

• Louis Dreyfus Company B.V.

• Others

Key Highlights of the Report