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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

The Sugarcane Harvesting market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Analysis Chapter

US Sugarcane Harvesting has transitioned from cultivating one of the first "cash crops" of early colonial America to a struggling industry, despite high average annual revenue growth in the five years to 2013. Unpredictable weather patterns have caused erratic spikes and drops in the industry's financial performance. For instance, extensive drought in Texas, the third-largest sugarcane harvesting state in the United States, significantly reduced the year's sugarcane yield, cutting industry revenue in 2008. On the other hand, favorable climatic conditions in 2009 and 2010 allowed revenue to jump in those years, surpassing the $1.0 billion mark... 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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