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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 2013

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

IBISWorld’s Sugarcane Harvesting market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
11.6%
Annual Growth 13-18
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Profit
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Employment
4,387
Businesses
454
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 - Industry SWOT Analysis Chapter

The Sugarcane Harvesting industry is in the decline phase of its life cycle. The most important indicator of growth is the industry's value added (IVA), or its contribution to the overall economy. Over the 10 years to 2018, IBISWorld expects IVA for the Sugarcane Harvesting industry to grow at an average annual rate of 5.3%, while GDP grows at a projected annualized rate of 2.1%. While the industry's high growth rate may indicate an industry in maturity phase, the figure is inflated by quickly rising sugar prices over the past five years propped up by US government price supports. However, growing consumer preference for low- and zero-calorie sweeteners, dictated by health concerns, limits demand for refined sugar, about 45.0% of which comes from sugarcane... 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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