Market Size of Asia-Pacific Cane Sugar Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
