Market Size of India Cane Sugar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sugar in India Market Analysis
India's cane sugar market is expected to register a CAGR of 5.2% during forecasted period.
- Despite the Covid-19 restrictions and unfavorable conditions in the supply chain, the Indian cane sugar market was growing owing to the increasing demand for sugar in the country. According to the Indian Sugar Mills Association, 365 lakh tonnes of sugar will be produced during the 2022-2023 sugar season. According to Ministry of Consumer Affairs data from that year, 35 LMT of sugar was diverted for ethanol production in 2022, and sugar mills produced 359 LMT of sugar.
- Sugarcane is majorly produced in nine states of India, namely, Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu. The sugar industry is an important agro-based industry that impacts the rural livelihood of many people. Demand for cane and organic sugar is increasing in India because of their extensive use in different application sectors like food and beverages, bakery, confectionery, and many more.
- Consumers in India use sugar on a daily basis in their teas, coffees, fruit juices, and medicines as well. Ayurvedic medicines and herbs are very famous in India, and brown sugar or organic cane sugar is a trend in India. Additionally, the demand for natural and chemical-free ingredients is growing in India. Therefore, the demand for organic sugar is increasing. However, sugar adulteration and the use of chemicals for production can pose a restraint for the market
Sugar in India Industry Segmentation
Cane sugar is the sugar obtained from the processing of sugarcane. India's cane sugar market is segmented into categories, forms, and applications. Based on category, the market is segmented into organic and conventional. Based on form, the market is segmented into crystallized sugar and liquid syrup. Based on application, the market is segmented into bakery and confectionery, dairy, beverages, and other applications. For each segment, the market sizing and forecasts have been done based on value (in USD Million).
| Category | |
| Organic | |
| Conventional |
| Form | |
| Crystallized Sugar | |
| Liquid Syrup |
| Application | |
| Bakery and Confectionery | |
| Dairy | |
| Beverages | |
| Other Applications |
India Cane Sugar Market Size Summary
The sugar industry in India is a vital agro-based sector that significantly contributes to the rural economy and livelihoods. Despite challenges such as Covid-19 restrictions and supply chain issues, the market has shown resilience and is projected to experience steady growth. The demand for cane and organic sugar is on the rise, driven by their extensive use in various sectors, including food and beverages, bakery, and confectionery. The increasing consumer preference for natural and chemical-free ingredients, particularly in Ayurvedic medicines, is further propelling the demand for organic sugar. This trend is supported by the growing awareness of the nutritional benefits and eco-friendliness of organic sugar, which is produced without chemical processing and retains its natural nutrients and flavor.
India stands as the largest producer and consumer of sugar globally, with a fragmented market comprising numerous regional and domestic players. The industry is witnessing strategic movements such as mergers, expansions, and partnerships to enhance brand presence and meet the rising demand for organic sugar. Major companies are investing in capacity expansion and new product developments to capitalize on the increasing availability of sugarcane and consumer preferences. The market's growth is also supported by regulatory policies that encourage production and processing efforts. As a result, the Indian sugar industry is poised for continued expansion, driven by both domestic consumption and international exports of organic sugar.
India Cane Sugar Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Category
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2.1.1 Organic
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2.1.2 Conventional
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2.2 Form
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2.2.1 Crystallized Sugar
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2.2.2 Liquid Syrup
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2.3 Application
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2.3.1 Bakery and Confectionery
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2.3.2 Dairy
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2.3.3 Beverages
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2.3.4 Other Applications
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India Cane Sugar Market Size FAQs
What is the current India Cane Sugar Market size?
The India Cane Sugar Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in India Cane Sugar Market?
DCM Shriram Consolidated Limited, Triveni Engineering & Industries Ltd (Ganga Sugar Corporation), Wilmar International Limited (Shree Renuka Sugars Limited), Murugappa Group (EID Parry India Limited) and Louis Dreyfus Holding B.V. are the major companies operating in the India Cane Sugar Market.
