Asia-Pacific Cane Sugar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers APAC Organic Sugar Market Share and is segmented by Category (Organic and Conventional), by Form (Crystallized Sugar and Liquid Syrup), by Application (Bakery and Confectionery, Dairy, Beverages, and Other Applications), and by Geography (China, Japan, India, Australia, and the Rest of Asia-Pacific).

APAC Cane Sugar Market Size

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Asia-Pacific Cane Sugar Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.60 %
Market Concentration Low

Major Players

Asia-Pacific Cane Sugar Market Major Players

*Disclaimer: Major Players sorted in no particular order


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APAC Cane Sugar Market Analysis

The Asia-Pacific cane sugar market is projected to register a CAGR of 8.6% over the forecast period.

  • The market is mainly growing owing to the abundance of sugarcane availability and other properties, such as better flavor and caramelization, which are superior to beet sugar. Sugar from cane is helpful for blood insulin levels, body protein levels, and hydration. Due to its availability, sweetness, and slightly fruity flavor, it is frequently chosen above other sugars for its use in sweetening baked products and hot beverages. 
  • Also, innovations in the existing conventional sugar, such as brown cane sugar, which consists of added molasses to enhance flavor and appearance, by the leading global and small domestic players have fueled the market growth.
  • The utilization of sugar has also increased, and both domestic production and imports meet the domestic necessities of the nation. According to the Organisation for Economic Co-operation and Development (OECD), the rise in sugar consumption will likely come from developing countries, attributed to rising demand for sugar-rich confectionery products and soft drinks. Across Asia-Pacific, India is expected to lead the growth, followed by Indonesia, China, and Pakistan.

APAC Cane Sugar Market Trends

This section covers the major market trends shaping the APAC Cane Sugar Market according to our research experts:

Increased Trade of Organic Cane Sugar

  • Organic cane sugar is witnessing enhanced demand these days. Organic cane sugar is unrefined sugar that contains a full taste of sugarcane, is less processed, retains a lot of nutrients, and thus excludes cancer-causing and environmentally damaging pesticides in otherwise conventionally grown sugarcane. 
  • Furthermore, organic cane sugar is high in polyphenols, has powerful phytonutrients with qualities of antioxidants, and is loaded with vitamins and minerals, including magnesium, calcium, manganese, potassium, and iron, coupled with amino-acids that help to burn fat and build muscle. 
  • The presence of essential amino acids like lysine, histidine, arginine, methionine, pipecolic acid, arginine, etc., is found to lower cholesterol. According to the Trade Map, in 2021, China exported around 107.8 thousand metric tons of sugar. The attributes such as availability, texture, cost, eco-friendliness, nutrition benefits, and rich sugarcane flavor over regular conventional cane sugar, etc., support the demand and consumption of organic cane sugar across the region.
Asia-Pacific Cane Sugar Market: Leading Countries of Destination for Sugar Exports from Brazil, in %, by Country, 2021

India Holds a Prominent Share in The Market

  • India is one of the largest agricultural countries, making it an ideal market to expand due to the growing sugar consumption 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. India is the largest producer of sugar in the world and is also the largest consumer. 
  • Additionally, employment is created in several ancillary activities related to transportation, trade servicing of machinery, and supply of agriculture inputs. According to the Ministry of Consumer Affairs data from October 2022, 5000 lakh metric tons of sugar cane were produced in India, of which sugar mills crushed about 3574 lakh metric tons of sugarcane to produce about 394 lakh metric tons of sugar (sucrose). 
  • India is the world's largest producer and consumer of sugar; hence over the medium term, demand is anticipated to rise. Due to the increase in demand for organic and naturally derived products, demand for organic sugar is also growing in India. 
  • Additionally, India is known for its ayurvedic medicines, and organic sugar and potions are used in most of them. According to the Agricultural and Processed Food Products Export Development Authority (APEDA) data, India exported 21932.591 MT of organic sugar in 2021-2022.
Asia-Pacific Cane Sugar Market: Annual Yield of Sugarcane, in Metric Tons per Hectare, India, 2018-2021

APAC Cane Sugar Industry Overview

The Asia-Pacific cane sugar market is fragmented due to large regional and domestic players in different countries. Emphasis is given to the companies' merger, expansion, acquisition, partnership, and new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Major players in Asia-Pacific cane sugar production are Global Organics, Ltd., Louis Dreyfus Company BV, Tate & Lyle PLC, American Sugar Refining, Inc., and Wilmar Sugar Australia Holdings Pty Ltd.

APAC Cane Sugar Market Leaders

  1. Global Organics, Ltd.

  2. Louis Dreyfus Company B.V.

  3. Tate & Lyle PLC

  4. American Sugar Refining, Inc.

  5. Wilmar Sugar Australia Holdings Pty Ltd.

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Cane Sugar Market Concentration
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APAC Cane Sugar Market News

  • December 2021: MSM Malaysia Holdings Bhd (MSM Malaysia) and Wilmar Sugar Pty Ltd (Wilmar Sugar) inked a collaboration agreement to build a sustainable sugar supply chain. MSM Malaysia and Wilmar Sugar will embark on joint efforts to assist and support each other to pilot an approach to enable sustainable raw sugar sourcing within both companies' joint supply chains by focusing on traceability reporting of sugar supplies and monitoring sustainability performance based on the NDPE Sugar Policy.
  • November 2021: DCM Shriram Ltd announced an investment of over USD 4.22 million to expand the capacity of sugar mills. The company approved three investment proposals for the sugar business to capitalize on the increase in sugarcane availability in its catchment area, enhance the capacity for the production of refined sugar due to consumer preference, and build feedstock flexibility for its distilleries.
  • November 2021: The Sugar Research Institute of Fiji released a new cane variety for commercial planting in the 2022 planting season. The variety had a high sugar content leading to better yield, more income for the growers, and increased total sugar production.

APAC Cane Sugar Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Category

      1. 5.1.1 Organic

      2. 5.1.2 Conventional

    2. 5.2 Form

      1. 5.2.1 Crystallized Sugar

      2. 5.2.2 Liquid Syrup

    3. 5.3 Application

      1. 5.3.1 Bakery and Confectionery

      2. 5.3.2 Dairy

      3. 5.3.3 Beverages

      4. 5.3.4 Other Applications

    4. 5.4 Geography

      1. 5.4.1 China

      2. 5.4.2 Japan

      3. 5.4.3 India

      4. 5.4.4 Australia

      5. 5.4.5 Rest of Asia-Pacific


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Global Organics, Ltd.

      2. 6.3.2 Louis Dreyfus Company B.V.

      3. 6.3.3 Wilmar Sugar Australia Holdings Pty Ltd.

      4. 6.3.4 American Sugar Refining, Inc.

      5. 6.3.5 Tate & Lyle PLC

      6. 6.3.6 Rana Sugars Limited

      7. 6.3.7 Rajshree Sugars & Chemicals Limited

      8. 6.3.8 Nanning Sugar Industry Co., Ltd.

      9. 6.3.9 DCM Shriram Consolidated Limited

      10. 6.3.10 Triveni Engineering & Industries Ltd (Ganga Sugar Corporation)

    4. *List Not Exhaustive

**Subject to Availability
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APAC Cane Sugar Industry Segmentation

Cane sugar is the sugar obtained from the processing of sugarcane. 

The Asia-Pacific cane sugar market is segmented by category, form, application, and geography. Based on the category, the market is segmented into organic and conventional. Based on the form, the market is segmented into crystallized sugar and liquid syrup. Based on the application, the market is segmented into bakery and confectionery, dairy, beverages, and other applications. Based on geography, the market is segmented into China, Japan, India, Australia, and the Rest of Asia-Pacific. 

For each segment, the market sizing and forecasts have been done based on value (in USD Million).

Crystallized Sugar
Liquid Syrup
Bakery and Confectionery
Other Applications
Rest of Asia-Pacific
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APAC Cane Sugar Market Research FAQs

The Asia-Pacific Cane Sugar Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)

Global Organics, Ltd., Louis Dreyfus Company B.V., Tate & Lyle PLC, American Sugar Refining, Inc. and Wilmar Sugar Australia Holdings Pty Ltd. are the major companies operating in the Asia-Pacific Cane Sugar Market.

The report covers the Asia-Pacific Cane Sugar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Cane Sugar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia Pacific Cane Sugar Industry Report

Statistics for the 2024 Asia Pacific Cane Sugar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Cane Sugar analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia-Pacific Cane Sugar Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)