Project report for Sugar Plant

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Introduction

The Indian cane sugar market has been segmented by category into organic and conventional; by form into crystallized sugar and liquid syrup; and by application into bakery and confectionery, dairy, beverages, and other applications. Sugarcane is majorly produced in nine states of India, namely, Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu. The sugar industry supports an estimated 12% of the rural population in these nine states through direct or indirect employment. Organic cane sugar witnessed a rise in exports and imports in India. Despite the criticism of the overall sugar consumption, organic sugar offers key attributes that are driving consumer demand. 

Sugar refers to a sweet crystalline substance which is prepared from sugar cane and sugar beet. It is used across the globe for innumerable food and non-food applications. In addition to offering a sweet taste, sugar performs a variety of other functions in the food industry. It is used as a preservative and prevents the development of microorganisms. It is also used for preventing formation of large ice crystals in frozen products like ice cream. Apart from this, sugar encourages fermentation in products which contain yeast.All sugarcane species can interbreed, and the major commercial cultivars are complex hybrids. Sugar can be produced from sugarcane, sugar-beet or any other crop having sugar content. But in India, sugarcane is the main source of sugar. At present, this is the second largest agro-based industry of India after cotton textile industry.

Market potential & Strategy

The global sugar market reached a volume of 193.2 Million Tons in 2020. The global food and beverage industry is relatively immune to any downturns caused by economic fluctuations. As a result, the sector has witnessed a constant growth over the past few years. Currently, the food and beverage sector are a major driver of sugar consumption and is expected to create a positive impact on the sugar industry. Moreover, the market growth is anticipated to continue in the long term. Sugar finds numerous applications in the pharmaceutical and skincare industry. In the pharmaceutical sector, it is included in the preparation of antibiotics and cough syrups, on the other hand, in the skincare sector, sugar is used in the manufacturing of scrubs owing to its exfoliating properties. Although the sugar market remains saturated in developed economies, such as North America and Western Europe, it is showing a promising growth in the emerging regions. Driven by rising disposable incomes, urbanization and changing food habits, the demand for sugar-based products in developing markets, such as India, China and Middle East, is showing a strong growth. Majority of the global sugar production comes from sugarcane, whereas, remaining from sugar beet. Raw materials for sugar are available across the globe with nearly all tropical and subtropical regions accounting for their cultivation.

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