The industry is anticipated to raise its output by 5.1 million tons between October of last year and the end of September 2022, driven by increases in production in India, Thailand, and the European Union. From 2021 to 2027, the sugar industry is anticipated to expand at a CAGR of 5.6% and reach a market value of $63 billion by 2029. Following the market disruption caused by the coronavirus pandemic, as supply chain shocks and health concerns reduce worldwide sugar consumption, this rise will occur. Over the coming years, the sugar market will stay stable, which is normal given that commodities rarely experience large growth rates. The market expansion will also be fueled by the pharmaceutical and skin care industries, both of which will find novel uses for the sweet commodity, in addition to the food and beverage sector.
Insider Monkey highlights the 10 best sugar stocks to buy now. Over the coming years, the sugar market will stay stable, which is normal given that commodities rarely experience large growth rates. The market expansion will also be fueled by the pharmaceutical and skin care industries, both of which will find novel uses for the sweet commodity, in addition to the food and beverage sector. With more than 320 franchises around the nation, Rocky Mountain Chocolate Factory, Inc. is one of the biggest American confectionary franchisors. Less than half of the company’s 5.3 million pound output capacity is being used. A Brazilian business called Cosan S.A. uses sugar to make fuel, which is used in industry. The logistics division of the company is in charge of moving a variety of goods, including sugar. The firm’s shares appear to be undervalued at 6.5X EBITDA. American confectionery maker Tootsie Roll Industries, Inc. sells its goods in the United States, Canada, Mexico, and other nations. Apple pops, pops, candies, mints, bubble gum, and other items are among its offerings. Agriculture-related business Adecoagro S.A. is based in Luxembourg. The company is in charge of cultivating and gathering a variety of agricultural products, including sugar, wheat, corn, and peanuts. The fair value of $37.4 is substantially greater than the share price of $8.96 at the moment. For more details, click 10 Best Sugar Stocks To Buy Now.
