It looks like sugar demand will be going up into the foreseeable future.

November 29th, 2022

And it and may not even be caused by your sweet tooth.


Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

According to a study on 360 Research Reports In 2022 the growth of Sugar Cane Market is projected to reach Multimillion USD by 2028, In comparison to 2021, Over the next Seven years the Sugar Cane Market will register a magnificent spike in CAGR in terms of revenue, In this study, 2021 has been considered as the base year and 2022 to 2028 as the forecast period to estimate the market size for Sugar Cane.

So you might ask what sugar is used in during the manufacturing process. Sugar is in virtually everything we take, especially in processed foods. There are some uses of sugar, which do not necessarily require us to even eat it.

Based on the study, it does not sound as though consumer spending will be going down during this time. So, what will this growth do to pricing with demand so high. You guessed it. Your prices are going up.

How do you make sure you are sourcing your commodity needs correctly? Contact SafeSourcing Inc. We buy it more often than you do and know the levers to pull.

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. These include but are not limited to SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.

For more information, please contact a SafeSourcing Customer Services Associate.

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