In 2023, the sugar production at the farm gate in India was valued at 18.20 billion US dollars. Projected figures from 2024 onwards indicate a steady increase in value reaching 20.65 billion US dollars by 2028. The year-on-year growth between 2024 and 2025 is about 2.73%, and between 2025 and 2026 it stands at 2.61%. Over a five-year horizon, the compound annual growth rate (CAGR) is anticipated to be approximately 2.68%, reflecting a stable upward trend in sugar production value.
Future trends to watch for include:
- Changes in government policies regarding sugar production and export.
- Fluctuations in global sugar prices that could influence domestic production.
- Technological advancements in agricultural practices that may affect productivity.
- Environmental challenges impacting sugarcane yield.
