India Branded Sugar Market to Grow at Formidable Rate During Forecast Period

Increasing population coupled with growing GDP to drive the growth of India branded sugar market during forecast period

According to TechSci Research report, “India Branded Sugar Market By Type, By Form, By Distribution Channel, Competition, Forecast & Opportunities, 2024” the India branded sugar market is expected to grow at a robust CAGR during the forecast period owing to the increase in demand from various end user industries. Additionally, the use of sugar in ethanol production and bagasse for production of energy is further driving the market. Furthermore, rising population along with growing GDP would further steer growth in the market. However, with lesser number of functional sugar mills, sugar production will be much lesser than what it used to be earlier.

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The India branded sugar market is segmented based on type, form, distribution channel, region and company. Based on type, the market can be fragmented into brown, white, organic and others. The brown sugar segment is expected to register the highest CAGR during the forecast period on account of growing popularity of brown sugar and rising awareness regarding the health benefits provided by it. Based on form, the market can be categorized into crystal, granules and others. The granules segment holds a significant market share since it is the most common form of sugar used in recipes when cooking and baking.

E.I.D Parry India Ltd., Shree Renuka Sugars Ltd, Bajaj Hindusthan Sugar Ltd,   Balrampur Chini Mills Ltd, Triveni Engineering & Industries Ltd (Sugar), Dhampur Sugar Mills Ltd, Avadh Sugar & Energy Ltd, Mawana Sugars Ltd, DCM Shriram Industries Ltd, Simbhaoli Sugars Ltd. and others are some of the leading players operating in India branded sugar   market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“India is one of the largest and fastest growing countries in the APAC branded sugar market and is expected to create huge opportunities for the market. India branded sugar market is growing horizontally with a large number of small sized sugar plants set up across the country as opposed to the consolidation of capacity in the other important sugar producing countries and sellers of branded sugar.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Branded Sugar Market By Type, By Form, By Distribution Channel, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India branded sugar  market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India branded sugar market.