Asia-Pacific Cane Sugar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Asia-Pacific cane sugar market is projected to witness a CAGR of 8.6%, during the forecast period, 2020 - 2025.
Key HighlightsThe sugarcane production in India is set to increase from seven-year low, as the area planted for cane increases and rains boost yields in the world’s top consumer. Production was expected to total 25.886 million metric ton in 2018 crop year; this is expected to be the first such increase in three years and it is also going to be the highest since 2014-2015 when India produced 28.3 million metric ton, according to data compiled by the Indian Sugar Mills Association.
Increased Trade of Organic Cane SugarOrganic cane sugar has witnessed a rise in export and import. Despite overall sugar consumption criticism, organic sugar offers key attributes that are drivers of consumer demand growth. These attributes include its availability, texture, cost, eco-friendliness, nutrition benefits and rich sugarcane flavor over regular conventional cane sugar. As organic cane sugar retains all of the nutrients found in its original state, it also has a special molasses aroma that attracts the consumers. Few countries such as the United States, where there is no significant source of organic cane sugar capable of supporting domestic demand and the estimated consumption of total sugar in the country is approximately 200,000MT of in 2019, therefore, most organic cane sugar marketed in the country (both in retail and as an ingredient) is imported.
Competitive LandscapeThe Asia-Pacific cane sugar market is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies, along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Some of the major players in the Asia-Pacific cane sugar production are Global Organics Ltd, Louis Dreyfus Company BV, Wilmar Sugar Australia Limited, Nanning Sugar Industry, Rana Sugars Limited, among others.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook