Market Trends of India Cane Sugar Industry
This section covers the major market trends shaping the India Cane Sugar Market according to our research experts:
Rise in Exports and Imports of Organic Cane Sugar in India
- Organic cane sugar witnessed a rise in exports and imports in India. Organic sugar has some attributes, including eco-friendliness, nutritional benefits, texture, and rich sugarcane flavor over regular sugar. Organic sugar is made by natural processing and does not involve any use of chemicals. Organic sugars are rich in calcium, carbohydrates, and other minerals. They are used in food and beverages in large amounts. As organic cane sugar retains all the nutrients found in its original state, it has an aroma of special molasses that attracts consumers.
- 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 is used in most of the ayurvedic medicines and potions.
- According to the Agricultural and Processed Food Products Export Development Authority (APEDA) data, India exported 21932.591 MT of organic sugar in 2021-2022. Organic sugar manufacturers like Jaini International Export Private Limited, Vijayawada Chemicals, and Shree Ambika Sugars Limited, among others, export organic sugar to many countries from India.
Understand The Key Trends Shaping This Market
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India is the Largest Sugar Cane Producing Country
- 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 a number of 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 LMT of sugarcane to produce about 394 LMT of sugar (sucrose). India is the world's largest producer and consumer of sugar; hence over the medium term, demand is anticipated to rise.
