Global Sugarcane Market Overview:
Sugarcane is a tropical grass with tall jointed stems from where sugar is extracted. There are various benefits of sugarcane in our daily life that include prevention of cancer since they have rich source of calcium, magnesium, potassium, iron, and manganese. It helps in fighting various types of cancer such as breastcancer.
Sugarcane is used in many ways like when they refined, sugarcane is a common ingredient in many body scrubs products, as its grainy texture makes it useful for scrubbing away dead skin cells. Sugarcane can also to be mixed with lemon juice and other ingredients to create an all-natural, organic wax and be used to remove body hair. Molasses, a substance from sugarcane production, is an essential ingredient in rum Alcohol. Sugarcane was first used to create rum in the West Indies during the 17th century. Pure alcohol is also created using sugar ingredients. Traditional plastics are not biodegradable, but modern technology has allowed scientists to create “compostable” bio-plastic using sugarcane. Molasses and pure sugar are common additions to tobacco, and create a sweet-tasting flavor traditionally smoked through a hookah which gives a fruit flavors. Ethanol, an alternative to gasoline, is an ecological bio-fuel that is made using sugarcane. This is considered to be a more renewable, sustainable resource than traditional gasoline.
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Global Sugarcane Market Drivers and Restraints:
The demand for cane sugar is directly dependent on the growth of the sugarcane industry in developing countries, like China, India, and Indonesia. The rising demand for sugar is also raised by the heavy demand for ethanol. Ethanol production is expected to increase at an average growth rate of 6% per annum by 2023. However, as ethanol also competes with gasoline as a transport fuel, lowers the demand for sugar to produce ethanol. This statistic shows the projected global sugar cane production from 2018 to 2023. According to the report, approximately XX billion tons of sugar cane were produced worldwide on average between 2012 and 2017 and the statistics says that there is growth of 30-40 million tons every year in the worldwide. The overall production rate of sugarcane growth in 2018 is XX million tons globally and expected to exceed XX billion tons by 2023.
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Global Sugarcane Market-Geographical Representation:
From a geographical perspective, Brazil being the dominant supplier, particularly for raw sugar. It is also the largest producer of sugar in the world, producing around 36 million tons per year, which accounts for 25% of the worldwide production. Sugarcane is a very important crop for Brazil and is especially used for ethanol production. However, some irregularities in industries related to the production affect the Brazilian ethanol exportation. Indonesia, which is a major importer of cane sugar, imports around USD XX lakh of sugar in the year 2012 and USD XX lakhs out of 2017, its best 5 exporters are Thailand, Brazil, Australia and Argentina. India Stands 3rd place in the exports of Sugarcane with 3 million metric tons every year.
Some of the leading players of this Global Sugarcane Market are:
Raizen, Biosev, Bunge, Cosan, Louis Dreyfus Company and SaoMartinho.
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