The sugar cane feed market in China displayed substantial fluctuation from 2014 to 2022, peaking notably in 2016 before experiencing corrections in subsequent years. The growth rate rebounded positively from 2019 onward, culminating in a value of 12.91 million metric tons in 2023, marking a year-on-year increase of 3.53%. The five-year compound annual growth rate (CAGR) of 6% from 2019 to 2023 reflects a steady recovery and expansion trajectory post-2018. Forecasts up to 2028 predict a moderate CAGR of 2.35%, indicating sustained, albeit slower, growth, with total volume expected to reach 14.98 million metric tons.
Future trends to watch include:
- Advancements in agricultural technology improving crop yields
- Shifts in domestic and international demand for biofuels
- Regulatory changes impacting cultivation and feedstock use
