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

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

The global cane sugar market is growing at a CAGR of 5.3% 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 as well as the small domestic players have fueled the market growth. On the segmentation font, organic cane sugar has been witnessed with a significant increasing trend owing to its nutrition benefits over regular conventional cane sugar.

Key Highlights

• However, the development of other better sugar substitutes such as coconut sugar and stevia and regulations imposed by the regulatory bodies and health organizations owing to its negative hath effects, for instance, the American Heart Association, recommend limiting the intake of added sugar to less than 6 teaspoons (24 grams) per day for women and less than 9 teaspoons (36 grams) per day for men, have shifted preferences of consumers towards artificial sweeteners and is thus restraining the global cane sugar market.

Key Market TrendsIncreased Import And Export 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.

Asia Pacific Region To Witness Fastest Growth In The Global Cane Sugar Market

Asia-Pacific has been witnessed with the fastest growth in the global cane sugar market' where India, Thailand, and China account for the largest share in the regional market, owing to the volume of sugarcane harvested and processed to sugar in these countries. Also, the shift from cassava to sugarcane production because of the higher returns and lowering of sugar prices are causing farmers of countries such as Thailand to prefer shifting towards cane sugar production.

Competitive Landscape

The global market for cane sugar 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.

Additional Benefits:

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

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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