The US Sugarcane Harvesting industry has experienced spikes and drops in revenue over the five years to 2018. Global weather patterns are largely responsible for fluctuations in price and production, which directly influence revenue. Sugar prices skyrocketed prior to the current five-year period due to heavy rainfall that harmed crops in Brazil, the world's leading sugarcane producer. Nonetheless, the industry is headed for major challenges over the next five years. In addition to slower growth in prices, increasingly health-conscious consumers will likely turn to low- and no-calorie sweeteners, both artificially and naturally derived. The growing presence of alternative products in the sweetener market will increase competition for sugar processors, which will subsequently hurt the industry.
Farmers in this industry primarily grow sugarcane, a tall tropical grass originating in Southeast Asia. Scientifically known as Saccharum officinarum, its thick stems are a major commercial source of sugar.
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.