Sugar Processing in the US
The Sugar Processing industry refines sugar from sugar beets and sugarcane and produces sugar products for consumer and industrial use. Over the five years to 2018, the industry has contended with decreasing demand (both domestic and abroad) and volatile input prices. Specifically, the rapidly appreciating dollar stalled the industry's export market. The current period was also marked by steep declines in the price of sugar at the start of the period. Sharp drops in the price of sugar caused operators to decrease prices, thus decreasing revenue. Import penetration and low sugar prices are expected to pressure the industry over the next five years.
The Sugar Processing industry comprises establishments primarily engaged in manufacturing raw sugar, liquid sugar and refined sugar from sugarcane, raw cane sugar and sugar beets. This industry acquires its raw material from sugarcane growers. Sugar refiners also buy raw sugar from millers. This raw material is processed into a range of sugar products for industrial and consumer use.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.