Sugar Production in China - Industry Market Research Report

Sugar Production in China - Industry Market Research Report

Sugar Production in China

Increases in consumer income and the rapid development of many downstream industries have made China a major sugar-consuming country. Industry revenue is set to grow by 3.5% in 2022, to total $18.5 billion. Overall, industry revenue is expected to increase at an annualized 0.3% over the five years through 2022. This increase is largely due to a rise in prices in 2021 that caused total revenue to increase by 5.5% in that year. Industry revenue has started to recover from 2021, due to increasing demand and government assistance. Sugar exports are expected to account for only a small proportion of industry revenue, at an estimated 0.6% in 2022, while sugar imports are expected to rise to account for 11.9% of domestic demand in the current year.

The Sugar Production industry in China comprises firms engaged in finished sugar product manufacturing with sugarcane and sugar beet as raw materials. The industry includes all types of refined sugar product manufacturing including raw sugar, brown sugar, caster sugar, yellow sugar, refined sugar, and by-products such as liquid sugar. The industry does not manufacture maltose, dextrose and candy made of starch.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.