The refined cane sugar market size is estimated to be worth US$ 62.24 billion in 2023 and is projected to surpass US$ 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:
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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.
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) | US$ 62.24 billion |
| Refined Cane Sugar Market Anticipated Value (2033) | US$ 108.34 billion |
| Refined Cane Sugar Market CAGR (2023 to 2033) | 5.7% |
Principal Consultant
According to Future Market Insights, the market for refined cane sugar rose at a CAGR of 4.9% from US$ 47 billion in 2017 to US$ 59.7 billion in 2022. Furthermore, the market is anticipated to grow at a CAGR of 5.7% during 2023 to 2033, surpassing US$ US$ 108.34 billion by 2033.
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.
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.
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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.
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.
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.
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.
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:
Recent Developments in the Refined Cane Sugar Industry
| Attribute | Details |
|---|---|
| Forecast period | 2023 to 2033 |
| Market analysis | US$ billion in value |
| Key regions covered |
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| Key segments covered |
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| Key companies profiled |
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The refined cane sugar market is estimated to be valued at US$ 62.24 billion in 2023.
The refined cane sugar market size is anticipated to surpass US$ 108.34 billion by 2033.
The refined cane sugar market is expected to rise at a CAGR of 5.7% during the forecast period.
The USA is anticipated to lead the refined cane sugar market over the forecast period.
1. Executive Summary | Refined Cane Sugar Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) & Volume (Tons) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ million) & Volume (Tons) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Liquid Sugar
5.3.2. Powdered Sugar
5.3.3. Granulated Textured Sugar
5.3.4. Granulated Flavored Sugar
5.3.5. Granulated Colored Sugar
5.3.6. Pulp
5.3.7. Others
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) & Volume (Tons) Analysis By End User, 2018 to 2022
6.3. Current and Future Market Size Value (US$ million) & Volume (Tons) Analysis and Forecast By End User, 2023 to 2033
6.3.1. Food Processors
6.3.2. Livestock Feed
6.3.3. Retailers
6.3.4. Industrial Uses
6.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Product Type
8.2.3. By End User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Type
8.3.3. By End User
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product Type
9.2.3. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By End User
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. The United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Product Type
10.2.3. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By End User
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Product Type
11.2.3. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By End User
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Product Type
12.2.3. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By End User
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. The USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Product Type
13.1.2.2. By End User
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Product Type
13.2.2.2. By End User
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Product Type
13.3.2.2. By End User
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Product Type
13.4.2.2. By End User
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Product Type
13.5.2.2. By End User
13.6. The United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Product Type
13.6.2.2. By End User
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Product Type
13.7.2.2. By End User
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Product Type
13.8.2.2. By End User
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Product Type
13.9.2.2. By End User
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Product Type
13.10.2.2. By End User
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Product Type
13.11.2.2. By End User
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Product Type
13.12.2.2. By End User
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Product Type
13.13.2.2. By End User
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Product Type
13.14.2.2. By End User
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Product Type
13.15.2.2. By End User
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Product Type
13.16.2.2. By End User
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Product Type
13.17.2.2. By End User
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Product Type
13.18.2.2. By End User
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Product Type
13.19.2.2. By End User
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Product Type
13.20.2.2. By End User
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product Type
14.3.3. By End User
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Cosan SA
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. E.I.D.-Parry (India) Limited
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. American Crystal Sugar Company
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Raizen S.A.
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Louis Dreyfus Company B.V.
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Associated British Foods Plc.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Tereos international limited
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Tongaat Hulett Sugar South Africa Limited
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Shree Renuka Sugars Limited
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Imperial Sugar Company
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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