Explore the lucrative opportunities in the global cane sugar market set to reach USD 83.8 Billion by 2032 with a robust CAGR of 4.6%. Uncover the impact of rising consumer demand, innovative product developments, and the market’s resilience during the COVID-19 pandemic.
Dive into the driving factors propelling the industry forward, from the increasing use of cane sugar in the food and beverage sector to its diverse applications, including confectionery and liquid sugar. Gain insights into regional market dynamics, with a focus on the booming markets in the US, Europe, and India.
Navigate the challenges and strategies for sustained growth, recognizing the importance of adapting to changing consumer trends and ensuring global brand awareness. Discover the role of organic cane sugar in meeting consumer demands and contributing to high sales.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Cane Sugar Market’. It has its team of analysts and consultants to look through an eagle’s eye view in its primary, secondary, and tertiary modes of research.
“With the fact that cane sugar is useful for hydration, maintaining body protein levels and blood insulin levels, the global cane sugar market is likely to grow incessantly in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Cane Sugar Market
- North America holds the largest market share with the US being subject to an ever-increasing demand for low-calorie sugar. Cane sugar is also known for extending baked goods’ shelf life, along with exceptional homogeneity and consistency.
- Europe holds the second-largest market share with end-consumers turning out to be concerned regarding agricultural activities’ environmental impact.
- The Asia-Pacific is expected to grow at the fastest rate in the cane sugar market with India taking the lead. The country is the second-biggest producer of sugarcane across the globe.
Competitive Cane Sugar
- Adani Wilmar, in May 2021, came up with ‘Fortune Online’ – its mobile app for making customers’ lives easy.
- The Sugar Research Institute of Fiji, in November 2021, did release a variety of cane for planting at commercial level. This variety does have a higher content of sugar leading to a better yield, increase in overall production of sugar, and greater income for growers.
- MSM Malaysia Holdings Bhd, in December 2021, entered into collaboration with Wilmar Sugar Pte Ltd. for building a sustainable supply chain for sugar. Sustainability performance could be monitored on the basis of NDPE Sugar Policy.
- ASR Group, in August 2022, entered into collaboration with Raizen for providing certified non-GMO cane sugar options. The purpose of partnership is that of creating a 100% traceable, sustainable, and non-GMO-certified supply chain pertaining to raw cane sugar.
- Shell, as per long-term contract with Brazil-based Razen, agreed upon buying 3.25 Billion liters of sugarcane cellulosic ethanol. Razen plans to build 5 plants in Brazil, thereby expanding the portfolio of these cellulosic ethanol facilities to 9.
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What does the Report tame?
- The research study is based on product type (liquid sugar, powdered sugar, granulated textured sugar, granulated flavored sugar, granulated colored sugar, pulp, and likewise), nature (conventional and organic), and application (dairy, bakery, confectionery, beverages, conned & frozen foods, pharmaceuticals, and the other food items).
- With realization of the fact that cane sugar is advantageous for body protein levels, hydration, and blood insulin levels, the global cane sugar market is bound to grow on an exhilarating note in the forecast period.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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