Refined Cane Sugar Market

Refined Cane Sugar Market Outlook (2023 to 2033)

The refined cane sugar market size is estimated to be worth USD 62.24 billion in 2023 and is projected to surpass USD 108.34 billion by 2033. The demand for refined cane sugar is likely to grow at a CAGR of 5.7 % during the forecast period.

Some of the major growth factors in the market for refined cane sugar are:

• There is an increasing demand for refined cane sugar due to its high refinement and increasing adoption in a wide range of food and beverage goods.
• Industrialized and developing nations are consuming more refined cane sugar than before. This is partly due to consumers' growing preference for food ingredients that are pure and healthy.
• One of the factors propelling the sales of refined cane sugar is that it comes in a variety of texture options and is a significant source of crucial nutrients.
• The market is primarily stimulated by the abundance of sugarcane, as well as by other qualities including superior flavor and caramelization when compared to beet sugar.
• Alcoholic and non-alcoholic beverage consumption is rising, which has significantly supported industry expansion.
• The demand for dairy products including milk-based drinks, yogurt, and ice creams is likely to propel the growth of the industrial sugar market.

Trends in Refined Cane Sugar Industry, Customer Shift towards Healthier Lifestyle

The tendency of consumers to choose healthier food options has increased over the last few years. Both during and after the pandemic, purchasing habits have changed dramatically. The global refined cane sugar sector has also been impacted by this trend. To lessen the harmful effects of sugar consumption on the body, individuals are now looking for healthier, less processed, and raw sugar variants like brown and organic.

Since customers believe organic refined cane sugar to be safer and healthier than ordinary sugar, it is growing in popularity. Major refined cane sugar manufacturers are concentrating on creating novel types to meet customer demand. The demand for healthier sugar variants is anticipated to increase as awareness of lifestyle-related health issues such as obesity, cardiovascular disease, and diabetes grows.

Sustainable Production of Refined Cane Sugar: Challenge or Opportunity?

The importers of ethanol from sugarcane have exerted significant pressure on the refined cane sugar industry to switch to sustainable methods of production. This has drawn attention to sustainable production generally in the refined cane sugar sector. Some of the largest refined cane sugar manufacturers are taking use of the minimal carbon footprint of sugar and are aware of the advantages of sustainable manufacturing practices in the marketplace for brand improvement.

The opportunities for refined cane sugar to lessen the carbon footprint of their products and the consequences are discussed. There is a rising need for formal certifiable sustainability standards in the refined cane sugar sector as a result of efforts to certify production as sustainable.

Report Attribute	Details
Refined Cane Sugar Market Value (2023)	USD 62.24 billion
Refined Cane Sugar Market Anticipated Value (2033)	USD 108.34 billion
Refined Cane Sugar Market CAGR (2023 to 2033)	5.7%

Historical Outlook 2017 to 2022 Vs Future Forecasts for Refined Cane Sugar Market

According to Future Market Insights, the market for refined cane sugar rose at a CAGR of 4.9% from USD 47 billion in 2017 to USD 59.7 billion in 2022. Furthermore, the market is anticipated to grow at a CAGR of 5.7% during 2023 to 2033, surpassing USD USD 108.34 billion by 2033.

• Short Term (2022 to 2025): Due to the expansion of food processing businesses, the market for refined cane sugar expanded. Sugar is becoming more and more common in a range of applications, including food processing and commerce, because of its low cost and high level of sweetness.
• Medium Term (2025 to 2028): Consumption of processed foods has increased as a result of changing lifestyles and a growing population, which has raised the demand for sugar in these applications. Additionally, it is utilized as a replacement for more expensive sweeteners like corn syrup or honey because of its low cost and high sweetness level.
• Long Term (2028 to 2032): Sugar demand is expected to increase in the coming years due to consumers' growing desire for desserts. During the projected period, it is anticipated that the rising popularity of a variety of other processed foods, such as sauces, soups, ready-to-cook, ready-to-eat meals, and frozen foods, is likely to promote market expansion.

Category-wise Insights

Liquid Refined Cane Sugar Segment to Dominate the Market

The liquid refined cane sugar is anticipated to expand at a CAGR of 4.8% over the forecast period. For the production of confectionery goods like candy, it is common practice to dissolve a large amount of sugar in hot water, but once the solution cools, the solubility returns to its original value.

Since refined cane sugar has no such problems, manufacturers are switching to it, which is greatly boosting the market. The market for refined cane sugar is expanding due to the rising demand for confectionery, especially in developing nations.

Rising Adoption of Refine Cane Sugar in the Food and Beverage Industry to Open Up New Prospects for Market Players

Since manufacturers of refined cane sugar are putting more emphasis on innovation, introducing new products, and changing consumer demand, the food and beverage business is thriving. Due to its wide range of uses, the production of refined cane sugar has consequently become a crucial component in the food processing industry.

The major factor fuelling the market's expansion is customers' rising demand for processed foods and drinks. Furthermore, every beverage, both alcoholic and non-alcoholic, uses a significant amount of refined cane sugar. The opportunities for revenue growth for producers of refined cane sugar have been greatly boosted by an emerging trend in the sector, such as consuming snacks with drinks.

Refined Cane Sugar Market Regional Insights

Sales of Refined Cane Sugar in the USA to Surpass USD 16.69 billion in 2022

One of the main factors predicted to drive the USA refined cane sugar industry is an increase in demand for refined cane sugar from the food and beverage sector. As a result, refined cane sugar sales in the USA market are anticipated to grow at a CAGR of 8.4% during the projected period.

The demand for liquid sugar is also projected to increase due to increased consumer demand for low-calorie sugar in the United States and efficient delivery methods. Refined cane sugar is expected to grow in popularity due to its great consistency and homogeneity, ability to increase baked items' shelf life, and other factors.

Europe Refined Cane Sugar Industry Outlook

Germany is anticipated to lead the European refined cane sugar industry with a CAGR of 3.6% during the forecast period. As native organic cane sugar is primarily imported from the European Union, the sales of refined cane sugar are projected to stay high in Germany. European consumers are more concerned about how agricultural practices affect the environment and are seeking items with a lesser environmental impact.

The market for refined cane sugar with an organic certification has benefited from this trend. The global market for native organic refined cane sugar has seen growth throughout the anticipated period. The majority of businesses in this region would need greater technological, human, and financial resources to close the supply-demand gap globally. Companies operating in the European refined cane sugar industry are shifting market trends in favor of a more integrated strategy for investing.

How Profitable is the Japan Refined Cane Sugar Industry?

Japan is one of the markets for refined cane sugar that is expanding at a noteworthy CAGR of 2.8% during the forecast period. The key driver of market expansion in this region is the constantly changing food processing industry. Drinks, dairy products, bakery goods, and desserts are all growing in popularity in the area.

In the last few years, the demand for refined cane sugar has expanded dramatically due to the region's rapidly expanding dairy industry. The market is expected to be driven by the growing demand for ready-to-eat and ready-to-cook products throughout the predicted time frame.

Growth Outlook of Korea Refined Cane Sugar Market

Despite having substantially lower per capita consumption than other regions, such as Asia Pacific, the demand for refined cane sugar is gradually increasing in South Korea. Consumer demand for sweets and beverages is constantly rising, which is fuelling industry expansion in the region. In addition, Korea is experiencing high sugar demand as a result of the increased demand for processed food items.

Strategies Followed by Major Players in the Refined Cane Sugar Industry

With the presence of regional and domestic companies in several nations, the global market for refined cane sugar is fragmented. The demand for refined cane sugar has greatly grown in recent years due to the growing customer preference for organic foods. To meet the rising demand, big corporations are adding organic refined sugar variations to their current offering.

For example, the renowned French sugar company Tereos S.A. debuted a brand-new organic beet sugar from its Attin facility in December 2019. The industrial sugar sector is highly fragmented, and only a handful of global companies control major portions of it.

However, it is anticipated that the small competitors with an innovative product line are likely to stimulate healthy market competition. Another example is Durrah obtained fuel allocation from the Ministry of Petroleum in 2020 to begin work on its Jizan refinery. Aside from expansion, companies are also investing in the branding of sugar goods.

Major Players in the Refined Cane Sugar Industry are:

• Achema
• Agrigro Inc.
• AZOMITE Mineral Products, Inc.
• CF Industries Holdings, Inc.
• Clariant International Ltd.
• Coromandel International Ltd.
• Dayal Group
• Forbon Technology
• Frit Industries Inc.
• Hydro Fert s.r.l.
• ICL Fertilizers
• Liven Agrichem Pvt Ltd
• Novochem Group
• OCP SA
• Sinofert Holdings Limited
• Tata Chemicals Limited
• The DuPont Company
• The Mosaic Company
• Yara International ASA

Recent Developments in the Refined Cane Sugar Industry

• In October 2020, DouxMatox and Lantic, a North American sugar producer, announced their partnership to provide North American food processing firms with a distinctive cane sugar-based sugar reduction solution.
• Natural brown sugar has been introduced by Parry's, a well-known sugar company in India, in October 2019. Micronutrients including calcium, magnesium, potassium, and iron are present in the product, which has undergone less processing.
• In March 2022, BASF unveiled Vesnit Complete, a brand-new herbicide for growers of maize and sugarcane. Visit Complete offers efficient, all-around control of post-emergent grasses and broadleaf weeds in sugarcane. It features a straightforward recipe that provides exceptional crop safety and long-term control.
• In November 2021, the Sugar Research Institute of Fiji stated that a new cane variety would be made available for commercial planting in the planting season of 2022.
• The MRN Group, a major sugar producer in India, set a record in January 2022 by crushing more sugarcane than ever before. The MRN group was founded in 1995 and is a successful combination of businesses.

Refined Cane Sugar Market Report Scope

Attribute	Details
Forecast period	2023 to 2033
Market analysis	USD billion in value
Key regions covered	North America; Europe; Asian Pacific
Key segments covered	By Product Type, By End Use, By Region
Key companies profiled	Achema; Agrigro Inc.; AZOMITE Mineral Products, Inc.; CF Industries Holdings, Inc.; Clariant International Ltd.; Coromandel International Ltd.; Dayal Group; Forbon Technology; Frit Industries Inc.; Hydro Fert s.r.l.; ICL Fertilizers; Liven Agrichem Pvt Ltd; Novochem Group; OCP SA; Sinofert Holdings Limited; Tata Chemicals Limited; The DuPont Company; The Mosaic Company; Yara International ASA

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
  • 5.1. Liquid Sugar
  • 5.2. Powdered Sugar
  • 5.3. Granulated Textured Sugar
  • 5.4. Granulated Flavored Sugar
  • 5.5. Granulated Colored Sugar
  • 5.6. Pulp
  • 5.7. Others
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
  • 6.1. Food Processors
  • 6.2. Livestock Feed
  • 6.3. Retailers
  • 6.4. Industrial Uses
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 7.1. North America
  • 7.2. Latin America
  • 7.3. Europe
  • 7.4. Asia Pacific
  • 7.5. Middle East and Africa (MEA)
• 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. Key Countries Market Analysis
• 14. Market Structure Analysis
• 15. Competition Analysis
  • 15.1. Cosan SA
  • 15.2. E.I.D.-Parry (India) Limited
  • 15.3. American Crystal Sugar Company
  • 15.4. Raizen S.A.
  • 15.5. Louis Dreyfus Company B.V.
  • 15.6. Associated British Foods Plc.
  • 15.7. Tereos International Limited
  • 15.8. Tongaat Hulett Sugar South Africa Limited
  • 15.9. Shree Renuka Sugars Limited
  • 15.10. Imperial Sugar Company
• 16. Assumptions & Acronyms Used
• 17. Research Methodology