India Branded Sugar Market, By Type (White Crystal Sugar, Brown Sugar, Sugar Lite, Sachets- White & Brown Sugar and Others (Colored Sugar, Sugar Cubes, etc.)), By Distribution Channel (General Trade, Modern Trade, Online), By Region, Competition, Forecast & Opportunities, FY2017-FY2027
India branded sugar market valued USD727.36 million in FY2021 and it is anticipated to further grow with a CAGR of 8.59% to achieve the value of USD1226.59 million by FY2027F. The India branded sugar market is anticipated to grow due to increasing inclination of the consumers toward branded sugar. Rising disposable income among the population increases the affordability of the products, along with the increasing product innovations, the India branded sugar market is anticipated to grow in the upcoming five years. Surge in the demand for technologically advanced purification and processing of the sugar, increasing demand for purified sugar and urge of maintained quality that is assured with the branded products, is actively driving the growth of the India branded sugar market in the next five years. Moreover, loose sugar available in the Indian market has severe hygiene, purity, and quality issues. Increased awareness among the consumers regarding adulterated products, poor conditions of processing, are affecting the demands for branded sugar, positively and further supporting the growth of the India branded sugar market in the future five years.
Multiple market players have flooded the Indian market with their innovative products, and advanced packaging along with their claims for purity through various tests. Through aggressive advertisement and promotional schemes, the market players are influencing consumer preferences, and further substantiating the growth of the India branded sugar market in the forecast years until FY2027.
The India branded sugar market segmentation is based on type, distribution channel, regional analysis, and competitive landscape. Based on type, the market is further segmented into white crystal sugar, brown sugar, sugar lite, sachets- white & brown sugar and others like colored sugar, sugar cubes, etc. White crystal sugar is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of traditional popularity and consumption of white sugar among the population. Moreover, rising disposable income, surging consumption, and increased inclination of consumers toward home cooked sweet dishes, is actively supporting the growth of the India branded sugar market in the future five years.
Shree Renuka Sugars Ltd, Dhampur Sugar Mills Ltd, Uttam Sugar Mills Limited (Uttam Sugar), Triveni Engineering & Industries Ltd. (Shagun), Simbhaoli Sugars Limited, E.I.D. - Parry (India) Limited, Mawana Foods Pvt. Ltd., DCM Shriram Industries Ltd., Dhanraj Sugars Private Limited, SNJ Group, Dwarikesh Sugar Industries Limited, etc. are among the major market players in the India platform that lead the market growth of the India branded sugar market.
Years considered for this report:
Historical Years: FY2017- FY2020
Base Year: FY2021
Estimated Year: FY2022E
Forecast Period: FY2023F – FY2027F
Objective of the Study:
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