Overview and Scope
Cane sugar is a category of sugar derived exclusively from sugarcane. It is primarily used as a sweetener, preservative, texture modifier, fermentation substrate, flavoring and coloring agent, and bulking agent.
Sizing and Forecast
The cane sugar market size has grown steadily in recent years. It will grow from $178.14 billion in 2023 to $183.07 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to global population growth, cultural and culinary preferences, expansion of food and beverage industry, industrial applications, substitute for artificial sweeteners.
The cane sugar market size is expected to see steady growth in the next few years. It will grow to $206.95 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The growth in the forecast period can be attributed to increasing demand for natural ingredients, market expansion in developing regions, growing awareness of sustainable agriculture, consumer preferences for authentic and traditional foods, climate change impact on sugar production. Major trends in the forecast period include product innovation and reformulation, clean label and non-gmo trends, technological advancements in processing, transparent and sustainable packaging.
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Segmentation & Regional Insights
The cane sugar market covered in this report is segmented –
1) By Form: Crystallized Sugar, Liquid Syrup
2) By Category: Organic, Conventional
3) By Distribution Channel: Offline Channels, Online Channels
4) By Application: Bakery And Confectionery, Dairy, Food And Beverages, Other Applications
Top 5 Major Players:
- Global Organics Limited,
- Louis Dreyfus Company,
- Associated British Foods PLC,
- Tate & Lyle PLC,
- Anthony’s Goods
Asia-Pacific was the largest region in the cane sugar market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global cane sugar market during the forecast period. The regions covered in the cane sugar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for sugar-rich confectionery products and soft drinks is expected to propel the growth of the cane sugar industry going forward. Sweets, candied nuts, chocolates, chewing gum, sweetmeats, pastillage, and other confections that contain sugar are referred to as confectionery products. Confectionery products use cane sugar as a common sweetener mostly in foods, drinks, and bakery goods, as a result, the rising demand for sugar-rich confectionery products and soft drinks increases the demand for the cane sugar market. For instance, in March 2023, according to the report published by Farm Credit Canada, a Canada-based agricultural term lender, sales in the Canadian sugar and confectionery sector reached 15.0% in 2021 to $4.5 billion. The majority of the sales increase came from volume growth, which saw manufacturing selling prices rise by over 4.9%. Therefore, the rising demand for sugar-rich confectionery products and soft drinks is driving the growth of the cane sugar market.
Key Industry Players
Major companies operating in the cane sugar market report are Global Organics Limited, Louis Dreyfus Company, Associated British Foods plc, Tate & Lyle plc, Anthony’s Goods, Delphi Organic GmbH, DO IT ORGANIC, Florida Crystals, Nanning Sugar Industry Co. Ltd., Wholesome Sweeteners Inc., American Crystal Sugar Company, ASR Group International Inc., Balrampur Chini Mills Limited, Tongaat Hulett Sugar South Africa Limited, Suedzucker AG, Tereos, Cosan S.A., Mitr Phol Sugar Corporation Ltd., Nordzucker AG, Biosev S.A., Wilmar International Limited, Thai Roong Ruang Group, Bunge Limited, Cargill Inc., Archer Daniels Midland Company, Raizen Energia S.A., Guangxi Guitang Group Co. Ltd., Al Khaleej Sugar Company, East India Distilleries Parry Limited, Dalmia Bharat Sugar and Industries Ltd., Illois Sugar Inc., Okeana Sugar, Mauritius Sugarcane Industry Research Institute (MSIRI), Whitsunday Sugar Limited, Fiji Sugar Corporation
The cane sugar market report table of contents includes:
1. Executive Summary
2. Cane Sugar Market Characteristics
3. Cane Sugar Market Trends And Strategies
4. Cane Sugar Market – Macro Economic Scenario
5. Global Cane Sugar Market Size and Growth
….
31. Global Cane Sugar Market Competitive Benchmarking
32. Global Cane Sugar Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cane Sugar Market
34. Cane Sugar Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cane Sugar Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cane Sugar Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cane Sugar Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
Table 75: Global Organics Limited Financial Performance
Table 76: Louis Dreyfus Company Financial Performance
Table 77: Associated British Foods plc Financial Performance
Table 78: Tate & Lyle plc Financial Performance
Table 79: Anthony’s Goods Financial Performance
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