Global and Asia Pacific Cane Sugar Market to Achieve a Revenue of USD 252764.11 Million by 2030

 Research Nester has recently added a report on “Global and Asia Pacific Cane Sugar Market” which is studied for the forecast period, i.e., 2021-2030. The report includes a detailed analysis of the key market players operating in the market, along with the latest developments in these organizations. Moreover, the report also includes the key market numbers and brief analysis of the segments.

The demand for sugar around the globe is surging at a massive pace. As a result, the need for increasing the production of sugarcane is also increasing. According to the statistics by the Directorate of Economics and Statistics, Department of Agriculture and Farmers Welfare of the Ministry of Agriculture and Farmers Welfare of the Government of India, production of sugarcane as a commercial crop in India grew from 281.172 Million tonnes in the year 2005-06 to 370.5 Million tonnes in the year 2019-20. 

Sugar is used widely for manufacturing different food products in the food & beverage industry, as well as for manufacturing different other products in the pharmaceutical and cosmetic industries. The global cane sugar 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 2017.

The growth of the market can also be attributed to the rising imports of sugar worldwide. According to the statistics by the International Trade Center, the imports of sugar around the globe in the year 2020 touched USD 25427510 Thousand, up from USD 22055095 Thousand in 2019. In addition to this, the United States registered to be the largest importer of sugar around the globe, by registering an import value of USD 2091587 Thousand in the year 2020, up from USD 1660111 Thousand in the year 2018. 

On the other hand, in other statistics by the International Sugar Organization (ISO), Brazil was recorded to be the largest exporter of sugar worldwide in the year 2019 by recording an export volume of 17.89 Million metric tonnes. Thailand and India took the second and third position respectively by registering a volume of 10.41 Million metric tonnes and 4.02 Million metric tonnes respectively in the same year.

In Asia Pacific (excluding South East Asia), the cane sugar market is projected to garner a revenue of USD 88303.00 Million by the end of 2030, by growing with a CAGR of 1.96% during the forecast period. Moreover, in the year 2017, the market in the region registered a revenue of USD 68037.91 Million. 

The market in the region is further segmented by countries into China, India, Japan, Pakistan, Australia, and the Rest of Asia Pacific. Out of the market in these countries, the market in China registered the largest market revenue of USD 37130.50 Million by the end of 2017 and is further projected to garner a revenue of USD 43968.31 Million by the end of 2030, by growing with a CAGR of 1.45% during the forecast period. Alternatively, the market in India is projected to grow with the highest CAGR of 3.06% during the forecast period.

Get a Sample PDF of Global and Asia Pacific Cane Sugar Market Report@ https://www.researchnester.com/sample-request-3489

Comments

Post a Comment

Popular posts from this blog

Global Artificial Intelligence in Agriculture Market Will Grow Rapidly Over Forecast By 2030

Image
The global artificial intelligence in agriculture market is estimated to occupy a sizeable revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the escalating growing use of smart sensors in agricultural fields, and high demand for agricultural produce globally. The World Bank stated that in 2018 agriculture accounted for 4 percent of the global gross domestic product. In some developing countries it was also calculated to account for more than 25 percent of the GDP share .  Apart from these, government initiatives regarding research and development of sophisticated diagnostic techniques and growing inclusion of rubella vaccination in national health programs of various countries are also expected to drive market growth in the coming years. The global artificial intelligence in agriculture market is segmented by technology, deployment, offering and application. Based on technology, the machine learning segment is anticipated to grab the largest
Read more

Global No.2 Diesel Fuel Market 2021 Research Report with COVID-19 Impact, by Future Trend, Growth rate and Industry Analysis to 2030

  The   global no.2 diesel fuel market   is estimated to occupy a large amount of revenue by recording a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the growing awareness associated with the use of high-performance fuels, and increasing per capita spending around the world.  Apart from these, growing number of vehicles on the road, and notable expansion of transportation industry, especially in developing and developed countries, are another crucial factors expected to accelerate market growth in the forthcoming years.   The International Organization of Motor Vehicle Manufacturers states that 91.786 million automobiles were produced in 2019. Out of these, around 67.149 million units belonged to cars and the remaining 24.637 million units were of commercial vehicles. The market is segmented by sulfur content and application. Based on sulfur content, the ultra-low sulfur diesel fuel segment is anticipated to observe noteworthy growth rate during the forecast peri
Read more

Global Building Automation Systems Market To Be Driven By The Growing Awareness

Image
The   global building automation systems market   is estimated to occupy a large amount of revenue by recording a CAGR of ~11% during the forecast period, i.e., 2022 – 2030, owing to the growing need for proper energy management across the globe, and increasing emphasis on overcoming utility costs.  Apart from these, rising technological developments in wireless connectivity networks, and surge in the number of government and private projects regarding building automation are also expected to drive market growth in the upcoming years. The market is segmented by component, offering and application. Based on offering, the security and access controls segment is predicted to gather the largest share during the forecast period on the back of their ability to increase security level, monitor activities, and keep a record of people entering and exiting buildings. Additionally, by application, the industrial segment is projected to observe the highest growth over the forecast period ascribing
Read more