The global cane sugar market was worth US$ 53.6 Billion in the year 2022 and is expected to reach US$ 83.8 Billion by the year 2032 at a CAGR of 4.6% between 2022 and 2032.
Cane sugar plays a vital role not only in regulating blood insulin levels but also as a preferred sweetener for pastries and hot beverages, standing out with its distinctive fruity flavor. The escalating demand for both non-alcoholic and alcoholic beverages is anticipated to contribute significantly to the continuous growth of the cane sugar market. Millennials, particularly drawn to milk-based drinks, ice creams, yoghurts, sweet confectioneries, and baked goods, are expected to be key drivers propelling the global cane sugar market in the forecast period.
However, the market may face challenges from the availability of alternative sugar substitutes such as stevia and coconut sugar. Additionally, guidelines from organizations like the American Heart Association (AHA), recommending strict daily sugar limits of 100 calories for women and 150 calories for men, could impact the cane sugar market in the future.
In a comprehensive market study titled ‘Cane Sugar Market,’ Future Market Insights explores these dynamics and future perspectives. Utilizing a meticulous approach, the study employs primary, secondary, and tertiary research modes, providing insights through the lens of its dedicated team of analysts and consultants.
“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.
Click Here to Get Free Sample Copy of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15003
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.
Get Full Access of this Report@ https://www.futuremarketinsights.com/checkout/15003
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.
Access the Complete Report Methodology Now@ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15003
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
