Refined Cane Sugar Market: Liquid Refined Cane Sugar To Remain Highly Sought-After || Key Players: Tereos international limited, Cosan SA, E.I.D.-Parry (India) Limited, Associated British Foods Plc., Tongaat Hulett Sugar South Africa Limited, and Raizen S

The global consumption of refined cane sugar is on the rise. Fact.MR’s latest study on the global refined cane sugar market reveals that increased use of these sugars in various food and beverage items will continue to drive its sales across the globe. As per the study, the market is set to surpass a valuation of US$ 54,800 Mn, riding at a moderate CAGR over the forecast period (2017-2022). Increasing consumer awareness about healthier food ingredients is expected to reflect favorably on the global market for refined cane sugar over the next couple of years. Due to high refinement, refined cane sugar can be easily used in most food products. In addition, refined cane sugar is a popular food ingredient in many of the emerging and developed nations.

The product is a key source of essential nutrients and is available in a number of variants and flavours. On the other hand, the extended refining procedure can sometimes diminish its nutritional and fiber content. The additional refining process eventually leads to a higher costing of manufacturing the product, making it more expensive than standard variants. Countries such as India, China, Thailand, Indonesia, and Vietnam are the leading producers of refined cane sugar, owing to the widespread availability of sugarcane in these countries.

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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.

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Some of the Leading market players operating is the global market for refined cane sugar include Shree Renuka Sugars Limited, American Crystal Sugar Company, Louis Dreyfus Company B.V., Tereos international limited, Cosan SA, E.I.D.-Parry (India) Limited, Associated British Foods Plc., Tongaat Hulett Sugar South Africa Limited, and Raizen S.A.

 

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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.

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