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

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

The Chinese cane sugar market is projected to register a CAGR of 3.5% during the forecast period.

Key Highlights

• After Brazil and India, China is the world's third-largest sugar-producing nation. The sugar industry is a significant supporter of the financial improvement in the major cane producing territories, particularly in Guangxi, Yunnan, and Western Guangdong.
• With the establishment of new innovations, the sugar trade in China has expanded quickly. The utilization of sugar has also increased, and both domestic production and imports meet the domestic necessities in the nation. Although a small amount of sugar is exported, China is a considerable net importer of sugar.

Key Market TrendsIncreased Sugarcane Production

Growing population, increasing disposable income, and changes in cultural habits are driving sugar consumption in this region. The production of cane sugar is increasing due to the demand from various industries, such as beverages, dairy, bakery, and confectionery. In dairy products, functional properties of sugar include mouthfeel, taste, reduction of freezing point, and water-binding. Sugar is also a key component of the firmness of dairy products, impacting the flow and thermal characteristics (for example, viscosity, osmolality, water mobility, and freezing point depression) during and after processing. Intakes of soft drinks, colas, other sweetened carbonated beverages, and fruit drinks with added sugar have increased dramatically, especially among youth.

Increased Utilization in Bakery and Confectionery

The bakery and confectionery sector witnessed an upsurge trend in the usage of sugar owing to the properties it imparts in the finished products. Sugar is an important contributor to flavor by interacting with other ingredients. Depending on the food application, sugar has the unique ability to heighten flavor or depress the perception of other flavors. It is widely utilized due to the multi-functionalities, such as extending the shelf life of bakery products, slowing moisture loss, and preventing staleness in baked goods. The demand for sugar confectionery is also increasing owing to the growth of the cane sugar market as it is used as the primary ingredient and offers a unique flavor.

Competitive Landscape

The Chinese cane sugar market is consolidated with the major players holding the maximum share in the market. The key strategies adopted by the companies are mergers and acquisitions, partnerships, and expansion. The major players are COFCO Tunhe Co. Ltd, Louis Dreyfus Company B.V., Tereos International Limited, and Nanning Sugar Industry.

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

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.