Sugarcane Harvesting in the US
The US Sugarcane Harvesting industry has experienced both spikes and drops in revenue over the five years to 2019. Global weather patterns are largely responsible for fluctuations in price and production, which directly influence revenue. Overall, revenue is expected to decline over the past five years. The industry is headed for major challenges over the five years to 2024. In addition to slower growth in prices, operators will likely confront increasingly health-conscious consumers turning to low- and no-calorie sweeteners derived both naturally and artificially. The growing presence of alternative products in the sweetener market will increase competition for sugar processors, thus hurting 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.
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