Asia-Pacific Cane Sugar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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 Highlights

• The market is mainly growing owing to the abundance of sugarcane availability, coupled with other properties, such as better flavor and caramelization which are superior to beet sugar. Also, innovations in the existing conventional sugar, such as brown cane sugar, which consists of added molasses to enhance flavor and appearance, by the leading global players and the small domestic players have fueled the market growth.
• The utilization of sugar has also increased, and the domestic necessities in the nation are met by both domestic production and imports.

Key Market TrendsIncreasing Sugarcane Production in India

The 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 Sugar

Organic 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 Landscape

The 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:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Global Organics Ltd
Louis Dreyfus Company BV
Wilmar Sugar Australia Limited
ASR Group International Inc.
Tate & Lyle PLC
Rana Sugars Limited
Rajshree Sugars
Nanning Sugar Industry

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