Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Cane Sugar Market size was valued at USD 60.75 billion in 2024 and is likely to cross USD 92.65 billion by 2037, registering more than 3.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cane sugar is estimated at USD 62.45 billion.
The growth of the market can primarily be attributed to growing demand for cane sugar worldwide. Cane sugar is used widely for different industrial purposes. Apart from its utilization as sugar, cane sugar is also used as a source of energy and fuel. It is also used as a raw feed for various materials. Sugar crystals are also widely utilized in food and beverages industry for making different food products. It is also a preferred choice in the pharmaceutical, and cosmetic industries. According to the statistics by the International Sugar Organization (ISO), sugar consumption around the world touched 172.441 Million tonnes by the end of 2018, up from 123.454 Million tonnes in 2001. The statistics also stated that globally, the trade on sugar averaged around 64 Million tonnes/year. In addition, the rising production of sugar cane worldwide, and the increasing exports of the product is also anticipated to drive the market growth in the coming years. Besides this, the growing focus of the government of nations to raise the crop output is also expected to create numerous opportunities for cane sugar market growth.
Cane Sugar Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Demand for Cane Sugar Worldwide
- Increasing Production of Sugar Cane
Challenges
- Health Concerns Regarding the Consumption of Sugar
- Availability of Alternatives
Cane Sugar Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.3% |
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Base Year Market Size (2024) |
USD 60.75 billion |
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Forecast Year Market Size (2037) |
USD 92.65 billion |
|
Regional Scope |
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Cane Sugar Segmentation
Cane Sugar Segmentation
The cane sugar market is segmented by type into crystallized and non-crystallized sugar. Out of these segments, the crystallized sugar segment is anticipated to hold the highest market share globally during the forecast period and further attain the largest revenue of USD 205671.13 Million by the end of 2021. The segment is also anticipated to grow with the highest CAGR of 1.32% during the forecast period. The crystallized sugar segment is further divided into single and doubled crystallized sugar, out of which, the double crystallized sugar segment is anticipated to hold the highest market share during the forecast period. The single crystallized sugar segment, on the other hand, is expected to grow with the highest CAGR of 2.85% during the forecast period. The non-crystallized segment, on the other hand, is anticipated to grow with a CAGR of 0.76% during the forecast period.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Customize this ReportCane Sugar Industry - Regional Synopsis
Asia Pacific industry is poised to dominate majority revenue share by 2037, attributed to presence of several nations in the region, who are also the leading exporters of sugar around the globe. in the year 2019 by recording a production volume of 29.66 Million metric tonnes. China, Pakistan, and Australia held the 4th, 6th and 7th position respectively. The market in the region is segmented by country into China, India, Japan, Pakistan, Australia, and the Rest of Asia Pacific. Out of the market in these countries, the market in China is anticipated to garner the largest revenue of USD 43968.31 Million by the end of 2030, by growing with a CAGR of 1.45% during the forecast period. In the year 2017, the cane sugar market in the country garnered a value of USD 37130.50 Million.
Companies Dominating the Cane Sugar Landscape
- Bajaj Hindusthan Sugar Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Guangxi Yangpu Nanhua Sugar Industry Group Co., Ltd.
- Samora Group Indonesia
- Wilmar International Ltd.
- Mackay Sugar Limited
- Kaset Thai International Sugar Corp Public Company Limited
- Mitr Phol Group,
- Perkebunan Nusantara IX,
- Khon Kaen Sugar Industry PCL
- Roxas Holdings, Inc.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global and Asia Pacific cane sugar market that are included in our report are
In the News
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March 3rd, 2020: Mitr Phol Corporation announced that it has come into an agreement with Olam International for acquiring the remaining stake of 50% in its Indonesian sugar joint venture, Far East Agri, for a consideration amount between USD 82.5 Million and USD 85 Million.
Author Credits: Parul Atri
- Report ID: 3489
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
