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Sugarcane Harvesting in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Sugarcane Harvesting Market Research Report | NAICS 11193 | Dec 2014

Bitter future: Falling demand and less government support will cause revenue to dip

IBISWorld’s Sugarcane Harvesting market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$865m
Annual Growth 09-14
-5.6%
Annual Growth 14-19
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Profit
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Employment
4,085
Businesses
456
Industry Analysis & Industry Trends

After a global sugar shortage caused sugarcane demand to jump, the industry faces more tepid conditions in the coming years. Consumers' growing health-consciousness will cause them to curtail their sugar consumption. Furthermore, the US government is easing its level of protection for sugar processors, who previously enjoyed inflated domestic sugar prices and a low level of import penetration. The scaled-back federal support for the downstream sugar-processing industry will in turn hurt sugarcane farmers... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry in the Sugarcane Harvesting industry are high compared with other farming industries. The capital requirements in this industry are the highest in the agricultural sector. According to the 2012 agricultural census (latest data available), the average sugarcane farm has land valued at $11.3 million and machinery and equipment valued at $1.0 million. In comparison, agricultural sector averages for the respective categories are $1.1 million and $115,706 per farm. Potential industry entrants must raise upfront funds to purchase land for cropping, buildings and general farm machinery. Sugarcane farming land has become increasingly expensive as efforts of the Florida state government to protect the Everglades intensify... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sugarcane Harvesting Industry?

Farmers in this industry primarily grow sugarcane, a tall tropical grass originating in Southeast Asia. Scientifically known as Saccharum officinarum, its thick stems are a major commercial source of sugar.

Industry Products
SeedsMilled sugarRefined sugarBagasse
 
Industry Activities
Sugarcane farmingSugar, field production


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