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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Starting a New Business Chapter

Barriers to entry into the Sugarcane Harvesting industry are high compared with other farming industries. The capital requirements in this industry are the highest in the agricultural sector, with land valued at $4,842,911 per farm and machinery worth $602,944 per farm. In comparison, agricultural sector averages for the respective categories are $951,279 and $108,515 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.

In some production areas, access to suitable land is also a restraint on entry. This is partly the result of urbanization... 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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