Research Nester has released a report titled “Global and Asia Pacific Cane Sugar Market: Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The consumption of sugar across the globe, according to the statistics by the International Sugar Organization (ISO), increased to 172.441 Million tonnes by the end of 2018, up from 123.454 Million tonnes in 2001.
The statistics portray the growing consumption of sugar worldwide, backed by the increasing use of the product in different end-user industries, such as in the food & beverage industry, for manufacturing different food products, as well as in the pharmaceutical and cosmetic industry for manufacturing different products. Owing to the growing demand for sugar from different end-user industries, the government of nations worldwide are focusing on rising the production of sugar. Such factors are therefore anticipated to drive the growth of the global and Asia Pacific cane sugar market.
The global cane sugar market is anticipated to grow with a CAGR of 1.27% during the forecast period, i.e., 2021-2030. The market is estimated to garner a revenue of USD 252764.11 Million by the end of 2030, up from a revenue of USD 211788.91 Million in the year 2017. The market is segmented by type into crystallized and non-crystallized sugar. By the end of 2021, the crystallized sugar segment in the global market is anticipated to attain the largest revenue of USD 205671.13 Million. The segment is further expected to hold the highest market share during the forecast period.
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Based on region, the cane sugar market in the Asia Pacific (excluding South East Asia), is expected to garner a revenue of USD 88303.00 Million by the end of 2030, up from USD 68037.91 Million in the year 2017, backed by the availability of several nations who are the world leaders in the exports of sugar. Further, the market in China, amongst all the other countries, is expected to generate the largest revenue of USD 43968.31 Million by the end of 2030, by growing with a CAGR of 1.45% during the forecast period.
However, the rising concerns for the side effects associated with the consumption of sugar is one of the major factors anticipated to hinder the growth of global and Asia Pacific cane sugar market.
This report also provides the existing competitive scenario of some of the key players of the global and Asia Pacific cane sugar market, which includes company profiling of Bajaj Hindusthan Sugar Ltd., Guangxi Yangpu Nanhua Sugar Industry Group Co., Ltd., Samora Group Indonesia, Wilmar International Ltd., Mackay Sugar Limited, Kaset Thai International Sugar Corp Public Company Limited, Mitr Phol Group, Perkebunan Nusantara IX, Khon Kaen Sugar Industry PCL, Roxas Holdings, Inc., and others.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global and Asia Pacific Cane Sugar Market: Demand Analysis & Opportunity Outlook 2030”, analyses the overall global and Asia Pacific cane sugar industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global and Asia Pacific cane sugar market in the near future.
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