Sugar Cane Market Report 2024 (Global Edition)

Global Sugar Cane Market Report 2024 Market Size Split by Category (Organic , Conventional), by Application (Dairy , Bakery , Confectionery , Beverage , Canned & frozen foods , Pharmaceuticals...

Sugar Cane Market Report Description

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Competitive Landscape of the Sugar Cane Market

The global sugar cane market features intense competition among key players. India follows closely, focusing on increasing yields through improved agricultural practices. Thailand emphasizes efficient processing methods, enhancing its competitiveness in the export market. China's market presence is driven by its large domestic consumption. Amidst growing demand for alternative sweeteners, players are diversifying into ethanol production and exploring sustainable cultivation practices to maintain market share and address environmental concerns. 

Sugar Cane industry news

August 2022: Raizen and ASR Group collaborated to provide certified non-GMO cane sugar options. The partnership aims to create a sustainable, fully traceable, and non-GMO-certified supply chain of raw cane sugar and ensure a reliable supply for processors and consumers globally. 

(Source: https://www.asr-group.com/news/Raizen-and-ASR-Group-Partner-to-Create-Worlds-First-Sustainable-and-Fully-Traceable-Supply-Chain)

November 2021: The Sugar Research Institute of Fiji released a new cane variety for commercial planting in the 2022 season. The variety had a high sugar content, leading to better yield, more income for the growers, and increased total sugar production. Source: https://www.mordorintelligence.com/industry-reports/cane-sugar-market

(Source: https://nsi.gov.in/sharkara/sharkara_October_December_2022_24072023.pdf)

Top Companies Market Share in Sugar Cane Industry: (In no particular order of Rank)

• Raízen
• Cosan
• Biosev
• Bunge
• Louis Dreyfus Company
• Sucres et Denrées
• Tereos
• ASR Group
• Mitr Phol Sugar Corporation
• American Sugar Refining
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of Sugar Cane Market

Which region will dominate the Sugar Cane Market in 2024?

According to Cognitive Market Research, North America dominated the Market in 2024 and accounted for around 40% of the global revenue. The sugar cane market in North America holds a prominent position due to its robust agricultural infrastructure and extensive cultivation. With the United States being one of the leading producers of sugar cane globally, the region benefits from significant economies of scale and technological advancements in farming practices. Additionally, the demand for sugar cane-derived products like sugar, molasses, and ethanol remains consistently high in North America, further driving market growth.

Which is Expanding at the Fastest CAGR?

Meanwhile, Europe emerges as the fastest-growing region in the sugar cane market due to evolving consumer preferences and increasing awareness regarding the health benefits of natural sweeteners. European countries are witnessing a surge in demand for organic and sustainably sourced sugar cane products, fueled by a growing focus on environmental sustainability and ethical consumption practices. Furthermore, government initiatives promoting renewable energy sources, including biofuels derived from sugar cane, contribute to expanding the European market. 

The current report Scope analyzes Sugar Cane Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Sugar Cane Market

According to Cognitive Market Research, the global Sugar Cane market size was estimated at USD 54152.2Million, out of which North America held the major Market of more than 40% of the global revenue with a market size of USD 21660.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031. In North America, the sugar cane market presents a dynamic landscape. With increasing consumer awareness towards natural sweeteners, the organic sugar cane segment is witnessing significant growth and dominating the Market. Factors such as rising health concerns and the demand for sustainable agricultural practices are propelling this trend. Moreover, technological advancements in sugar extraction processes contribute to market expansion. In conclusion, the North American sugar cane market is characterized by a growing preference for organic products, driven by health and sustainability considerations, shaping the industry's trajectory towards a more eco-friendly future.

• According to Cognitive Market Research, the US had a major share in the sugar cane market, with a market size of USD 17090.43million in 2024. The Market is projected to grow at a CAGR of 3.0% during the forecast period. Biofuel demand, consumer preferences for natural sweeteners, and industrial applications drive the US sugar cane market. 
• The Canadian sugar Cane market had a market share of USD 2599.31million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Demand surge, sustainable practices, climate change impact, biofuel initiatives, and global market trends drive the Canadian sugar cane market.
• The Mexico Sugar Cane market is projected to grow at a CAGR of 3.7% during the forecast period, reaching a market size of USD 1971.14million in 2024.

 

Europe Sugar Cane Market

According to Cognitive Market Research, with a market value of USD 54152.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 3.5%from 2024 to 2031.Europe accounted for a share of over 30% of the global market size of USD 16245.66 million. The European sugar cane market exhibits a steady growth trajectory, driven by increasing consumer demand for natural sweeteners and biofuels. The dominating segment is the food and beverage industry, where sugar cane-derived products are extensively used. However, with rising health and environmental sustainability concerns, there's a growing shift towards alternative sweeteners and renewable energy sources. In conclusion, while sugar cane remains a significant player in Europe's Market, diversification and innovation are crucial for long-term viability amidst evolving consumer preferences and regulatory pressures.

• The United Kingdom Sugar Cane market had a market share of USD 2729.27million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The Market is driven by the demand for sustainable products, increasing consumer awareness, and diversified applications.
• The French sugar Cane market is projected to grow at a CAGR of 2.7% during the forecast period, reaching a market size of USD 1494.60million in 2024.
• According to Cognitive Market Research, the Germany Sugar Cane market size was valued at USD 3216.64million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period—high demand for biofuels, sweeteners, and sustainable products; favourable climate and agricultural practices. 
• The Italy Sugar Cane market is projected to grow at a CAGR of 2.9% during the forecast period, reaching a market size of USD 1397.13million in 2024.
• The Russia Sugar Cane market is projected to grow at a CAGR of 2.5% during the forecast period, reaching a market size of USD 2518.08million in 2024.
• The Spanish sugar Cane market is projected to grow at a CAGR of 2.6% during the forecast period, reaching a market size of USD 1332.14million in 2024.
• The Luxembourg Sugar Cane market is projected to grow at a CAGR of 3.6% during the forecast period, reaching a market size of USD 503.62million in 2024.
• The Portugal Sugar Cane market is projected to grow at a CAGR of 3.3% during the forecast period, reaching a market size of USD 341.16million in 2024.
• The Greece Sugar Cane market is projected to grow at a CAGR of 3.8% during the forecast period with a market size of USD 194.95million in 2024.
• The rest of Europe's Sugar Cane market is projected to grow at a CAGR of 2.2% during the forecast period, reaching a market size of USD 2518.08million in 2024.

 

Asia Pacific Sugar Cane Market

According to Cognitive Market Research, the global Sugar Cane market size was estimated at USD 54152.2Million, out of which Asia Pacific held the Market ofaround23% of the global revenue with a market size of USD 12455.01 million in 2024 and will grow at compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. The Asia-Pacific sugar cane market is robust, driven by increasing demand for sugar and its by-products. The dominating segment is sugarcane cultivation, with countries like India, China, Thailand, and Indonesia leading production. Factors such as favorable climate conditions, government support, and technological advancements contribute to the Market's growth. However, challenges like fluctuating weather patterns and sustainability concerns pose threats. In conclusion, the Asia-Pacific sugar cane market presents lucrative opportunities for stakeholders amidst evolving consumer preferences and industry dynamics, necessitating strategic adaptation and sustainability initiatives for long-term viability.

• According to Cognitive Market Research, the China Sugar Cane market size was valued at USD 5604.75million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Chinese sugar cane market is driven by population growth, increasing urbanization, rising disposable incomes, and food industry demands.
• The Japan Sugar Cane market is projected to grow at a CAGR of 5.5% during the forecast period, reaching a market size of USD 1718.79million in 2024.
• The India Sugar Cane market had a market share of USD 1494.60million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. Demand surges, favourable weather, technological advancements, and government policies drive growth in India's sugar cane market.
• The South Korean sugar Cane market is projected to grow at a CAGR of 6.1% during the forecast period, reaching a market size of USD 1245.50million in 2024.
• The Australian sugar Cane market is projected to grow at a CAGR of 6.7% during the forecast period, reaching a market size of USD 647.66million in 2024.
• The Southeast Asia Sugar Cane market is projected to grow at a CAGR of 8.0% during the forecast period, with a market size of USD 859.40million in 2024.
• The rest of the Asia Pacific Sugar Cane market is projected to grow at a CAGR of 6.8% during the forecast period, reaching a market size of USD 884.31million in 2024.

South America Sugar Cane Market

According to Cognitive Market Research, the global Sugar Cane market size was estimated at USD 54152.2Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 2707.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. The sugar cane market in Latin America remains robust, driven by Brazil's dominant position as the leading producer. Brazil accounts for a significant share of global sugar production with its favorable climate and extensive agricultural land. Ethanol production from sugar cane also thrives, supported by environmental concerns and renewable energy initiatives. However, challenges such as fluctuating global prices and environmental sustainability issues persist. Overall, the sugar cane market in Latin America exhibits resilience and potential for growth, particularly in ethanol production, amidst evolving market dynamics.

• According to Cognitive Market Research, the Brazil Sugar Cane market size was valued at USD 1158.86million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Climate, government policies, technological advancements, and global demand influence Brazil's sugar cane market dynamics.
• The Argentina Sugar Cane market had a market share of USD 454.88million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Climate, government policies, global demand, technology, and land availability shape Argentina's sugar cane market.
• The Colombia Sugar Cane market is projected to grow at a CAGR of 4.2% during the forecast period, reaching a market size of USD 240.98million in 2024.
• The Peru Sugar Cane market is projected to grow at a CAGR of 4.6% during the forecast period, reaching a market size of USD 222.02million in 2024.
• The Chile Sugar Cane market is projected to grow at a CAGR of 4.7% during the forecast period, reaching a market size of USD 194.95million in 2024.
• The Rest of Latin America's Sugar Cane market is projected to grow at a CAGR of 3.5% during the forecast period, reaching a market size of USD 435.93million in 2024.

 

Middle East and Africa Sugar Cane Market

According to Cognitive Market Research, the global Sugar Cane market size was estimated at USD 54152.2Million, out of which the Middle East and Africa held the major Market of around 2% of the global revenue with a market size of USD 1083.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031. The Sugar Cane market in the Middle East and Africa (MEA) region presents a diverse landscape. With rising consumer demand for natural sweeteners, raw sugar, and refined sugar products remain the dominant segment. However, climate change and fluctuating market prices challenge the industry. Despite this, technological advancements and increasing investments in agriculture offer growth opportunities. In conclusion, while facing challenges, the MEA sugar cane market exhibits potential for expansion through innovation and strategic partnerships.

• According to Cognitive Market Research, the GCC Countries' Sugar Cane market was valued at USD 463.54million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Rising demand for ethanol, diversification of agriculture, and favourable climate conditions drive the GCC sugar cane market.
• The Egypt Sugar Cane market is projected to grow at a CAGR of 5.0% during the forecast period, reaching a market size of USD 113.72million in 2024.
• The South African sugar Cane market is projected to grow at a CAGR of 5.7% during the forecast period and reach USD 171.12million in 2024.Climate, demand for ethanol, export potential, agricultural policies, and technological advancements drive the Market.
• The Turkey Sugar Cane market is projected to grow at a CAGR of 4.2% during the forecast period, reaching a market size of USD 93.14million in 2024.
• The Nigeria Sugar Cane market is projected to grow at a CAGR of 3.8% during the forecast period, reaching a market size of USD 113.72million in 2024.
• The rest of the MEA Sugar Cane market is projected to grow at a CAGR of 3.7% during the forecast period, reaching a market size of USD 127.80million in 2024.

Sugar Cane Market Analysis

Sugar Cane Category Segment Analysis

Organic sugar cane refers to natural and sustainable farming products without synthetic pesticides, herbicides, or genetically modified organisms (GMOs). This segment caters to consumers seeking healthier and environmentally friendly options, often willing to pay premium prices for products with certified organic credentials. The organic sugar cane market has witnessed steady growth due to increasing awareness of health and environmental concerns among consumers.

Conventional sugar cane, on the other hand, is cultivated using conventional agricultural methods, which may involve the use of synthetic chemicals and GMOs. This segment traditionally dominates the sugar cane market due to higher yields and lower production costs. Conventional sugar cane is often priced more competitively than organic alternatives, appealing to price-sensitive consumers and large-scale food manufacturers.

• Organic 
• Conventional

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sugar Cane Industry. Request a Free Sample PDF!

Sugar Cane Application Segment Analysis

In the dairy sector, sugar cane-derived products are crucial in sweetening dairy-based products such as yogurts, ice creams, and flavored milk. With consumers increasingly seeking natural sweeteners and clean-label products, sugar cane is an attractive option due to its perceived naturalness and minimal processing. 

Furthermore, sugar cane is extensively applied in the bakery segment in sweet baked goods like cakes, cookies, and pastries. Bakeries often prioritize sugar cane over refined sugars due to its richer flavor profile and perceived health benefits. Additionally, as consumer demand shifts towards healthier alternatives, bakeries are incorporating sugar cane-derived sweeteners into their formulations to cater to this growing trend. Overall, the dairy and bakery sectors represent significant segments within the sugar cane market, driven by evolving consumer preferences towards natural, wholesome ingredients and healthier product offerings. Understanding and catering to these segments are essential for businesses seeking to thrive in the dynamic landscape of the sugar cane industry.

• Dairy 
• Bakery 
• Confectionery 
• Beverage 
• Canned & frozen foods 
• Pharmaceuticals 
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Sugar Cane Form Segment Analysis

The sugar cane market analysis segments into crystallized sugar and liquid syrup reflect consumer preferences and industrial applications. Crystallized sugar, comprising granulated, refined, and specialty sugars, is a staple sweetener in households, food processing, and beverage industries. Its versatility allows for diverse applications in baking, confectionery, and culinary creations, appealing to a global consumer base. Moreover, crystallized sugar's extended shelf life and ease of storage make it a convenient choice for consumers and manufacturers.

On the other hand, liquid syrup, derived from sugar cane processing, offers a concentrated sweetening solution for various food and beverage products. Liquid syrups come in molasses, high-fructose corn syrup, and cane syrup, each catering to specific industrial requirements and consumer preferences. With applications ranging from sweetening beverages to enhancing the flavor and texture of baked goods, liquid syrups play a crucial role in the food and beverage industry, providing a convenient alternative to granulated sugar in liquid form.

• Crystallized sugar 
• Liquid syrup

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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