A sweet, crystalline material made from sugar cane and sugar beet is referred to as sugar. It has countless applications in both food and non-food industries. In the food sector, sugar has a number of important purposes in addition to providing a sweet taste.
It serves as a preserver and stops the growth of bacteria. Additionally, it is used to stop the growth of big ice crystals in frozen foods like ice cream. Sugar also promotes fermentation in goods that contain yeast. Additionally, it keeps baked items moist and keeps them from going bad.
Uses & Applications
Sugar has several uses in food technology, but its sweet flavour is the major justification for its use and use. The primary functions of added sugar in food include those of sweetener, preservative, texture modifier, substrate for fermentation, flavouring and colouring agent, and bulking agent. The human body uses sugars and starches from carbs to supply the brain with glucose and to give the rest of the body's cells energy.
Indian Cane Sugar Market
During the projection period, a CAGR of 4.3 percent is predicted for the Indian cane sugar market (2020-2025). India's sugar production is anticipated to reach a peak over the projection period thanks to supportive government policies and expanding planting areas.
Nine Indian states—Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu—produce the majority of the nation's sugarcane. Through direct or indirect employment, the sugar sector provides support for around 12% of the rural population in these nine states.
India is one of the world's major agricultural nations, making it a prime location for market expansion given the rising sugar demand there. Farmers and millers have a better possibility of increasing their efforts toward cane sugar production and processing with the introduction of new regulatory regulations and modifications to the existing ones. Through direct or indirect employment, the sugar sector provides support to an estimated 12% of the rural population in the nine states of Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu.
The acreage planted for cane may expand, and the rains may enhance yields in the world's biggest consumer, raising the production of sugarcane in India from a seven-year low.
The existence of significant regional and domestic companies has led to the fragmentation of the Indian cane sugar market. As strategic techniques to increase their brand visibility among customers, the corporations place a strong emphasis on mergers, expansions, acquisitions, and partnerships of the companies.
Global Sugar Market
In 2021, the volume of the world sugar market was 185 million Tons. By 2027, the market is anticipated to reach 206.6 million Tons, growing at a CAGR of 1.8 percent between 2022 and 2027.
The worldwide food and beverage business is largely resistant to any declines brought on by changes in the economy. As a result, during the past few years, the sector has consistently grown. The food and beverage industry currently plays a significant role in driving sugar consumption and is anticipated to have a favourable effect on the sugar business. Additionally, it is projected that long-term market expansion will persist.
In the pharmaceutical and beauty industries, sugar has several uses. In the pharmaceutical industry, it is used to make antibiotics and cough syrups, while in the cosmetics industry, sugar is utilised to make scrubs because of its exfoliating characteristics.
Industry Major Market Players:
· A B Sugars Ltd.
· Aakriti Sugar Mills Pvt. Ltd.
· Ab Sugars Ltd.
· Ag-Vet Marketing Ltd.
· Bannari Amman Sugars Ltd.
· Baramati Agro Ltd.
· Suedzucker AG
· Mitr Phol Sugar Corporation. Ltd.
· Associated British Foods
· Nordzucker AG
· Biosev (Louis-Dreyfus)
· Wilmar International Limited
· Thai Roong Ruang Group
Sugar 100 MT per Day
Molasses (by Product) 44.8 MT per Day
Baggase (by Product) 342.1 MT per Day
Paste Mud (by Product) 30.3 MT per Day