The sugar cane market in India has experienced a steady increase in volume from 2014 to 2023, reaching 16.97 million metric tons in 2023. Year-on-year variations demonstrate slight fluctuations with both increases and decreases, the most prominent being a significant growth of 11.64% in 2017. The five-year CAGR leading up to 2023 was 0.63%. The forecast from 2024 to 2028 predicts a modest increase, with the market expected to reach 17.44 million metric tons by 2028, showing a forecasted five-year CAGR of 0.43% and a cumulative growth rate of 2.17%.
Future trends to watch for include:
- Impact of climate change on crop yield and consistency.
- Technological advancements in agricultural practices.
- Government policies and subsidies influencing sugar cane production.
- Market demand fluctuations driven by the global sugar industry.
