Here’s Why 2020 Could Be Another Big Year for Sugar Industry
Pune, Maharashtra, January 30, 2020 (Wired Release) HTF Market Intelligence Consulting Private: An extensive elaboration of the Sugar Industry market strategy of the industry players in the precision of import/export consumption, supply and demand. The study starts with an introduction about the company/manufacturers profiling stating strategic concept behind business using methods to assess and analyze market. It also describes player/manufacturers strategy in the light of Porters, Value Chain SWOT analysis, and based on that recommendation on players is derived like 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., Upper Ganges Sugar Industries Ltd..
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India is the second-largest manufacturer and largest consumer of sugar, globally. The Indian sugar market consists of 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’.
According to HTF MI, India has produced 415 MMTs (million metric tons) of sugar in MY 2018-2019, from an area of 5.2 Mn hectare, due to a good monsoon season, and availability of high-yielding cane varieties, especially in Uttar Pradesh and Maharashtra. Sugar production is expected to increase by 4.2% YoY in MY 2018-19 resulting to 33.8 MMTs. Sugar consumption is also likely to increase by 3.9% YoY in MY 2018-19, reaching the mark of 27.5 MMTs owing to growing population, higher income, and rising demand from wholesale buyers, the food processing industry, restaurants, and regular households.
Important players listed in the study: 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., Upper Ganges Sugar Industries Ltd.
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The study elaborates factors of Sugar Industry such as market opportunities, risk, benefit, opportunity loss and profit along with surveyed customer perspective with a view of Short vs. Long Term goals etc. The detailed company/manufacturer profiles included sales figures, revenue, and price of Sugar Industry products.
Owing to increasing domestic consumption of sugar, imports have shown an increasing trend while exports have shown a declining trend during the period FY2014-FY2018. 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.
In India, there are several 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. However, the Indian government sets the target for manufacturing sugar irrespective of the demand, thus leading to overproduction in the country. Moreover, dealers are not allowed to hold onto stock beyond 30 days thus compelling excessive sugar supply in the retail market. During 2017, monthly average domestic sugar prices stood at INR 35,733 per tonne, which declined significantly by ~16.2% in March 2018 due to surplus production.
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On what parameters study is being formulated?
Analysis Tool: The Sugar Industry Report contains accurate analysis and evaluation data for key industry players and market coverage using a number of analytical tools like data triangulation and iterative data estimation.
-Key Strategic Developments: This Sugar Industry study includes product/service developments of market, including R D, new launches, M A, JV partnerships along with regional growth of leading giants in the market.
-Key Market Features: The study also provides a comprehensive study of key market dynamics and current trends, along with relevant market sectors and sub-sectors.
The Sugar Industry study includes data from 2014 to 2025 useful for industry executives, marketing, sales and product managers, analysts, and anyone looking for market data in easily accessible document.
Some extract from Table of Contents
Overview of Sugar Industry
Sugar Industry Size (Sales Volume) Comparison by Type (2019-2025)
Sugar Industry Size (Consumption) and Market Share Comparison by Application (2019-2025)
Sugar Industry Size (Value) Comparison by Region (2019-2025)
Sugar Industry Sales, Revenue and Growth Rate (2019-2025)
Sugar Industry Competitive Situation and Trends
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
Analyze competitors, including all important parameters of Sugar Industry
Sugar Industry Manufacturing Cost Analysis
Marketing Strategy Analysis, Research Conclusions
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who are the Leading key players and what are their Key Business strategies in the Sugar Industry?
What are the key consequences of the five forces analysis of the Sugar Industry?
What are different opportunities and threats faced by the dealers in the Sugar Industry?
How key vendors are strengthening?
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