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Sugar Processing in the US Industry Data and Analysis
The Sugar Processing industry’s recent performance has been marked by record-high domestic production and a shift in import-export dynamics. In fiscal year 2023-24, sugar production soared to peak levels, hitting 9,305,000 tons. This surge was fueled by a combination of improved agricultural practices, favorable harvest conditions and significant consumer demand for sugar-based products. While this booming production has led to a surplus, evidenced by an ending stocks-to-use ratio well above USDA targets, it has also initiated downward pressure on prices, balancing processors' revenue growth with constrained profit margins. Over the five years to 2025, industry revenue expanded at a CAGR of 1.2% to reach an estimated $13.6 billion, including a 0.5% boost in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Sugar Processing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Sugar Processing industry in the United States operates under the NAICS industry code 31131. The Sugar Processing industry comprises establishments that primarily manufacture raw sugar, liquid sugar and refined sugar from sugarcane, raw cane sugar and sugar beets. This industry acquires its raw materials from sugarcane growers. Sugar refiners also buy raw sugar from millers. This raw material is processed into various sugar products for industrial and consumer use. Related terms covered in the Sugar Processing industry in the United States include high-fructose corn syrup (hfcs), genetically modified (gm), us department of agriculture (usda), north american free trade agreement (nafta) and bagasse.
What's included in this industry?
Products and services covered in Sugar Processing industry in the United States include Refined cane sugar, Beet sugar and Raw cane sugar.
What companies are included in this industry?
Companies covered in the Sugar Processing industry in the United States include Florida Crystals Corporation, American Crystal Sugar Company and Louis Dreyfus Co B.V.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Sugar Processing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Sugar Processing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Sugar Processing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Sugar Processing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Sugar Processing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Sugar Processing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Sugar Processing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Sugar Processing industry in the United States.
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Frequently Asked Questions
What is the market size of the Sugar Processing industry in the United States in 2026?
The market size of the Sugar Processing industry in the United States is $13.5bn in 2026.
How many businesses are there in the Sugar Processing industry in the United States in 2025?
There are 56 businesses in the Sugar Processing industry in the United States, which has grown at a CAGR of 0.4 % between 2020 and 2025.
How may import tariffs affect the Sugar Processing industry in the United States?
The Sugar Processing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Sugar Processing industry in the United States?
The Sugar Processing industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Sugar Processing industry in the United States grown or declined over the past 5 years?
The market size of the Sugar Processing industry in the United States has been growing at a CAGR of 1.5 % between 2020 and 2025.
What is the forecast growth of the Sugar Processing industry in the United States over the next 5 years?
Over the next five years, the Sugar Processing industry in the United States is expected to grow.
What are the biggest companies in the Sugar Processing industry in the United States?
The biggest companies operating in the Sugar Processing industry in the United States are Florida Crystals Corporation, American Crystal Sugar Company and Louis Dreyfus Co B.V.
What does the Sugar Processing industry in the United States include?
Raw sugar processing and Liquid sugar processing are part of the Sugar Processing industry in the United States.
Which companies have the highest market share in the Sugar Processing industry in the United States?
The company holding the most market share in the Sugar Processing industry in the United States is Florida Crystals Corporation.
How competitive is the Sugar Processing industry in the United States?
The level of competition is high and increasing in the Sugar Processing industry in the United States.
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