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 falling demand both domestically and abroad as well as volatile input prices. In particular, the rapidly appreciating US dollar has stalled the industry's export market. Industry performance has also been hampered by steep declines in the world price of sugar at the start of the period. A weakening dollar and higher sugar prices are expected to boost the industry over the next five years. Alternative energy markets also have the potential to push industry revenue up; as oil prices remain volatile, demand for ethanol (which can be derived from sugarcane) may increase, creating a potential market for the industry.
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.
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