Global and Asia Pacific Cane Sugar Market Analysis 2017-2030
The global cane sugar market is anticipated to grow with a CAGR of 1.27% during the forecast period, i.e., 2021-2030. Factors such as the increasing production of sugar worldwide, and the growing consumption are expected to drive the market growth during the forecast period. Moreover, factors such as the rising demand for sugar from the end-user industries, such as pharmaceutical, food & beverage, and cosmetic among others, for manufacturing different products, along with the growing focus of the government of nations worldwide to increase the farming of cane sugar, are also expected to contribute to the market growth. The market is estimated to garner a revenue of about USD 252760 Million by the end of 2030, up from a revenue of around USD 211790 Million in the year 2017.
The global and Asia Pacific cane sugar market is primarily segmented by type into crystallized and non-crystallized sugar. Amongst these, the crystallized sugar segment is anticipated to hold the highest market share during the forecast period and also attain the largest revenue of close to USD 205670 Million by the end of 2021. Based on region, the market in the Asia Pacific region (excluding South East Asia) is expected to cross USD 88300 Million by the end of 2030, up from about USD 68040 Million in the year 2017. The market in the region is further segmented by country into China, India, Japan, Pakistan, Australia, and the Rest of Asia Pacific, out of which, the market in China is anticipated to garner the largest revenue of near to USD 43970 Million by the end of 2030, up from around USD 37130 Million in 2017.
Some of the prominent industry leaders in the global and Asia Pacific cane sugar market that are included in our report are Bajaj Hindusthan Sugar Ltd., Guangxi Yangpu Nanhua Sugar Industry Group Co., Ltd., Samora Group Indonesia, Wilmar International Ltd., Mackay Sugar Limited, Kaset Thai International Sugar Corp Public Company Limited, Mitr Phol Group, Perkebunan Nusantara IX, Khon Kaen Sugar Industry PCL, Roxas Holdings, Inc., and others.