Market Size of China Cane Sugar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Cane Sugar Market Analysis
The Chinese cane sugar market is projected to register a CAGR of 3.5% during the forecast period.
- After Brazil and India, China is the world's third-largest sugar-producing nation. The sugar industry is a significant supporter of the financial improvement in the major cane producing territories, particularly in Guangxi, Yunnan, and Western Guangdong.
- With the establishment of new innovations, the sugar trade in China has expanded quickly. The utilization of sugar has also increased, and both domestic production and imports meet the domestic necessities in the nation. Although a small amount of sugar is exported, China is a considerable net importer of sugar.
China Cane Sugar Industry Segmentation
The Chinese cane sugar market has been segmented by category into organic and conventional. The market is divided based on form into crystallized sugar and liquid sugar syrup. Based on the application, the market is segmented into bakery and confectionery, dairy, beverages, and other applications.
| Category | |
| Organic | |
| Conventional |
| Form | |
| Crystallized Sugar | |
| Liquid Syrup |
| Application | |
| Bakery and Confectionery | |
| Dairy | |
| Beverages | |
| Other Applications |
China Cane Sugar Market Size Summary
The Chinese sugar cane market is a significant component of the global sugar industry, ranking as the third-largest producer after Brazil and India. This market plays a crucial role in the economic development of key sugar-producing regions such as Guangxi, Yunnan, and Western Guangdong. The industry has seen rapid growth due to technological advancements, which have enhanced both production and trade. While China meets its domestic sugar needs through a combination of local production and imports, it remains a net importer, with only a small fraction of its sugar output being exported. The increasing population, rising disposable incomes, and evolving cultural habits are driving the demand for sugar, particularly in sectors like beverages, dairy, bakery, and confectionery.
The demand for cane sugar in China is fueled by its diverse applications across various industries. In the dairy sector, sugar contributes to the sensory and functional properties of products, influencing taste and texture. The beverage industry, especially among the youth, has seen a significant rise in the consumption of sweetened drinks, further boosting sugar demand. In the bakery and confectionery sectors, sugar is valued for its ability to enhance flavor, extend shelf life, and maintain product quality. The market is characterized by consolidation, with major players like COFCO Tunhe Co. Ltd, Louis Dreyfus Company B.V., and Tereos International Limited dominating the landscape through strategic mergers, acquisitions, and partnerships.
China Cane Sugar Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Category
-
2.1.1 Organic
-
2.1.2 Conventional
-
-
2.2 Form
-
2.2.1 Crystallized Sugar
-
2.2.2 Liquid Syrup
-
-
2.3 Application
-
2.3.1 Bakery and Confectionery
-
2.3.2 Dairy
-
2.3.3 Beverages
-
2.3.4 Other Applications
-
-
China Cane Sugar Market Size FAQs
What is the current China Cane Sugar Market size?
The China Cane Sugar Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in China Cane Sugar Market?
Tereos international limited, COFCO Tunhe Co., Ltd, Louis Dreyfus Company B.V., Boettger Zucker and Nanning Sugar Industry are the major companies operating in the China Cane Sugar Market.
