Global Refined Cane Sugar Market indicating Industry Size, Demand, Trends and Forecast till 2022

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of refined cane sugar market. The study is titled as “Refined Cane Sugar Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global refined cane sugar market.

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The demand for refined cane sugar is gaining traction across the globe. Its application as an additive to sweeten a vast range of food and beverage products is increasing, owing to its high refinement. Consumption of refined cane sugar is surging in both developed and emerging countries. This is largely owing to the increasing consumer preference for healthier and pure food ingredients. Moreover, refined cane sugar is available in several texture variants and also a prominent source of essential nutrients. However, this extensive refining process can sometimes reduce its fiber and nutritional content. At the same time, the additional steps involved in processing of refined cane sugar incurs higher costing, which invariably makes it more expensive as compared to standard variants. Countries such as China, India, Vietnam, Thailand and Indonesia are major producers of refined cane sugar. Since sugarcane is one of the most commonly irrigated crops in these countries, the production of various types of sugar is also considerably high. Fact.MR’s latest report reveals that the global refined cane market will reach a valuation of US$ 54,830 Mn by 2022, reflecting a steady CAGR during the forecast period (2017-2022).

Key Insights Form The Report Include

Demand for liquid refined cane sugar is expected to remain strong over the assessment period. Currently, global sales of liquid refined cane sugar accounts for around 23% revenue share of the market. Towards the end of 2022, more than US$ 12,747 Mn worth liquid refined cane sugar is estimated to consumed worldwide. Consumption of powdered refined cane sugar is also anticipated to increase in the near future. In terms of revenue, global sales of powdered refined cane sugar currently command for around 17% market share. Increasing consumption of liquid and powdered refined cane sugar is proving instrumental in driving the growth of the overall market.

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Liquid Refined Cane Sugar To Remain Highly Sought-After

On the basis of product type, the liquid sugar segment is expected to retain is top spot over 2022. In terms of revenue, the segment currently accounts for close to 23% share of the market. Between 2017 and 2022, the liquid sugar segment is expected to witness a CAGR of 5% to surpass a valuation of US$ 12,740 Mn.

Among regions, Asia-Pacific excluding Japan (APEJ) will continue to be the most attractive market for refined cane sugar throughout the forecast period. The market in the region is expected to reflect a moderate CAGR over 2022. Meanwhile, the market in the Middle East and Africa (MEA) is also expected to witness a healthy growth over the assessment period.

Asia-Pacific Excluding Japan (APEJ) to Remain at the Forefront

Asia-Pacific excluding Japan (APEJ) is projected to remain the most attractive market for refined cane sugar in 2017 and beyond. This is primarily owing to the high production of sugarcane in the region. The region’s market is anticipated to exhibit steady CAGR during the forecast period. Meanwhile, consumption of refined cane sugar is also increasing in the Middle East and Africa (MEA), the market in the region is expected to register an impressive growth over 2022. During the same period, Europe’s refined cane sugar market is expected to reach a valuation of more than US$ 7,430 Mn.

Competition Tracking

Cosan SA, E.I.D.-Parry (India) Limited, American Crystal Sugar Company, Raizen S.A., Louis Dreyfus Company B.V., Associated British Foods Plc., Tereos international limited, Tongaat Hulett Sugar South Africa Limited, and Shree Renuka Sugars Limited are the key companies profiled in the report.

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About Fact.MR

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This release was published on openPR.