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

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

The Indian cane sugar market is projected to reach a CAGR of 4.3% during the forecast period (2020-2025).

Key Highlights

• With supporting government policies and increasing crop areas, India is expected to witness a peak in its sugar production during the forecast period.
• Sugarcane is majorly produced in nine states of India, namely, Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu. The sugar industry supports an estimated 12% of the rural population in these nine states through direct or indirect employment.

Key Market TrendsRise in Exports and Imports of Organic Cane Sugar in India

Organic cane sugar witnessed a rise in exports and imports in India. Despite the criticism of the overall sugar consumption, organic sugar offers key attributes that are driving consumer demand. These attributes include availability, texture, cost, eco-friendliness, nutritional 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 has an aroma of special molasses that attracts the consumers. In the United States, there is no significant source of organic cane sugar than can support domestic demand, and the estimated consumption of the total sugar in the country was approximately 200,000 metric ton in 2019. Therefore, most organic cane sugar marketed in the country (both in retail and as an ingredient) is imported.

India is the Largest Sugar Cane Producing Country

India is one of the largest agricultural countries, which makes it an ideal market to expand due to the growing consumption of sugar in the country. With new regulatory policies and amendments in the older ones, there is a greater chance for farmers and millers to increase their efforts toward cane sugar production and processing. The sugar industry supports an estimated 12% of the rural population in the nine states of the country, namely, Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu, through direct or indirect employment. The sugarcane production in India is set to increase from a seven-year low, as the area planted for cane may increase and the rains may boost yields in the world’s top consumer. According to the data compiled by the Indian Sugar Mills Association, the crop production totaled 25.886 million metric ton in 2018, which was the first such increase in three years and the highest since 2014-2015, when the country produced 28.3 million metric ton.

Competitive Landscape

The Indian cane sugar market is fragmented, owing to the presence of large regional and domestic players. The companies are emphasizing on mergers, expansions, acquisitions, and partnerships of the companies, along with new product developments, as strategic approaches to boost their brand presence among consumers. Some of the major players in the market studied are Global Organics Ltd, Tate & Lyle PLC, Wilmar Sugar Australia Limited, and Louis Dreyfus Company BV.

Additional Benefits:

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

Companies Mentioned

IBM Corporation
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Internap Corporation
Packet Inc. (An Equinix Inc. Company)
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LightEdge Solutions, Inc

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