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Sugar Industry in India to Expand on Increased Demand
7/31/2019
A report published by Research on Global Markets titled "Sugar Industry In India 2018" studies the performance of the sugar industry in India over a five year assessment period from 2018 to 2023. The report presents the value forecast of the sugar industry in India and provides key insights into the factors driving market growth as well as the factors restricting market growth. According to the Research On Global Markets analysts, sugar production is expected to increase by 4.2% annually in 2018-19 resulting to 33.8 MMTs. Sugar consumption is also likely to increase by 3.9% annually in 2018-19, reaching the mark of 27.5 MMTs, driven by growing population, higher income, and rising demand from wholesale buyers, the food processing industry, restaurants, and regular households.
Sugar Industry in India – Export-import insights
The report published by Research On Global Markets features comprehensive analysis of the sugar industry in India, which comprises 453 sugar mills, among which 252 mills operate in the co-operative sector, 134 mills operate in the private sector, and the remaining operate as public sector companies, for manufacturing sugar, ‘khandsari’ and ‘gur’.
Owing to increasing domestic consumption of sugar, imports have shown an increasing trend while exports have shown a declining trend during the period of 2014-2018. Somalia, Belgium, Sudan, and Nepal are the main export destinations of sugarcane products from India. On the other hand, the highest sugar imports come to India from Brazil, Germany, China, and the USA, according to Research On Global Markets.
Sugar Industry in India - Industry Insights
The market research report attributes the positive outlook on the sugar industry in India to the government initiatives which are trying to stabilize sugar prices, reduce cheaper imports, promote surplus stock clearance, improve the cash flow of sugar mills, ensure timely payment to farmers, and reduce sugarcane arrears.
Research on Global Markets tracks the performance of some of the major players operating in the sugar industry in India including Avadh Sugar & Energy Ltd., Bajaj Hindusthan Sugar Ltd., Balrampur Chini Mills Ltd., DCM Shriram Industries Ltd., Dhampur Sugar Mills Ltd., E.I.D. Parry India Ltd., Mawana Sugars Ltd., Shree Renuka Sugars Ltd., Triveni Engineering & Industries Ltd., and Upper Ganges Sugar & Industries Ltd., among others.
Some of the key topics covered in this report are:
• Sugar industry definition and structure
• Sugar production - volume-wise (MY 2014-2015-MY 2018-2019)
• Sugar production - country wise split (MY 2017-2018)
• Sugar consumption (MY 2014-2015-MY 2018-2019)
• Sugar consumption (volume-wise) - country wise split (MY 2017-2018)
• Key market trends
• Comprehensive analysis of the government initiatives in this market
• Key growth drivers of the market
• Key deterrents to the growth of the market
• Comprehensive analysis of the competitive landscape
For more information, download Sugar Industry In India: https://www.researchonglobalmarkets.com/pressrelease/post/several-government-initiatives-are-augmenting-the-growth-of-sugar-industry-in-india.html
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