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Cane Sugar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Global cane sugar market is segmented by category (organic and conventional); by form into crystallized sugar and liquid syrup); by application (bakery & confectionery, dairy, beverages, and others); and geography
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Asia
Largest Market:
Europe
CAGR:
5.3 %
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Market Overview
The global cane sugar market is growing at a CAGR of 5.3% during the forecast period (2020-2025).
The market is mainly growing owing to the abundance of sugarcane availability, coupled with other properties such as better flavor and caramelization which are superior to beet sugar. 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 players as well as the small domestic players have fueled the market growth. On the segmentation font, organic cane sugar has been witnessed with a significant increasing trend owing to its nutrition benefits over regular conventional cane sugar.
However, the development of other better sugar substitutes such as coconut sugar and stevia and regulations imposed by the regulatory bodies and health organizations owing to its negative hath effects, for instance, the American Heart Association, recommend limiting the intake of added sugar to less than 6 teaspoons (24 grams) per day for women and less than 9 teaspoons (36 grams) per day for men, have shifted preferences of consumers towards artificial sweeteners and is thus restraining the global cane sugar market.
Scope of the Report
The global cane sugar market has been segmented by category into organic and conventional; by form into crystallized sugar and liquid syrup; and by application into bakery & confectionery, dairy, beverages, and others. Also, the study provides an analysis of the cane sugar market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Category | |
| Organic | |
| Conventional |
| By Form | |
| Crystallized sugar | |
| Liquid syrup |
| By Application | |
| Bakery & Confectionery | |
| Dairy | |
| Beverages | |
| Others |
| Geography | |||||||||
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Key Market Trends
Increased Import And Export Of Organic Cane Sugar
Organic cane sugar has witnessed a rise in export and import. Despite overall sugar consumption criticism, organic Sugar offers key attributes that are drivers of consumer demand growth. These attributes include its availability, texture, cost, eco-friendliness, nutrition benefits and rich sugarcane flavor over regular conventional cane sugar. As organic cane sugar retains all of the nutrients found in its original state, it also has a special molasses aroma that attracts the consumers. Few countries such as the United States, where there is no significant source of organic cane sugar capable of supporting domestic demand and the estimated consumption of total sugar in the country is approximately 200,000MT of in 2019, therefore, most organic cane sugar marketed in the country (both in retail and as an ingredient) is imported.
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Asia Pacific Region To Witness Fastest Growth In The Global Cane Sugar Market
Asia-Pacific has been witnessed with the fastest growth in the global cane sugar market' where India, Thailand, and China account for the largest share in the regional market, owing to the volume of sugarcane harvested and processed to sugar in these countries. Also, the shift from cassava to sugarcane production because of the higher returns and lowering of sugar prices are causing farmers of countries such as Thailand to prefer shifting towards cane sugar production.
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Competitive Landscape
The global market for cane sugar is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Category
5.1.1 Organic
5.1.2 Conventional
5.2 By Form
5.2.1 Crystallized sugar
5.2.2 Liquid syrup
5.3 By Application
5.3.1 Bakery & Confectionery
5.3.2 Dairy
5.3.3 Beverages
5.3.4 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 Germany
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Global Organics, Ltd.
6.4.2 DO-IT Food Ingredients BV
6.4.3 Louis Dreyfus Company B.V.
6.4.4 Wilmar Sugar Australia Limited
6.4.5 ASR Group International, Inc.
6.4.6 Tate & Lyle plc
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
** Subject to Availability
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