Market Size of India Cane Sugar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sugar in India Market Analysis
India's cane sugar market is expected to register a CAGR of 5.2% during forecasted period.
- Despite the Covid-19 restrictions and unfavorable conditions in the supply chain, the Indian cane sugar market was growing owing to the increasing demand for sugar in the country. According to the Indian Sugar Mills Association, 365 lakh tonnes of sugar will be produced during the 2022-2023 sugar season. According to Ministry of Consumer Affairs data from that year, 35 LMT of sugar was diverted for ethanol production in 2022, and sugar mills produced 359 LMT of sugar.
- Sugarcane is majorly produced in nine states of India, namely, Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu. The sugar industry is an important agro-based industry that impacts the rural livelihood of many people. Demand for cane and organic sugar is increasing in India because of their extensive use in different application sectors like food and beverages, bakery, confectionery, and many more.
- Consumers in India use sugar on a daily basis in their teas, coffees, fruit juices, and medicines as well. Ayurvedic medicines and herbs are very famous in India, and brown sugar or organic cane sugar is a trend in India. Additionally, the demand for natural and chemical-free ingredients is growing in India. Therefore, the demand for organic sugar is increasing. However, sugar adulteration and the use of chemicals for production can pose a restraint for the market
