Sweet deal: Amid rising public health concerns, biofuel production could sustain industry revenue

The US Sugarcane Harvesting industry has experienced spikes and drops in revenue over the five years to 2016. Global weather patterns are largely responsible for fluctuations in price and production, which directly influence revenue. The industry is headed for major challenges over the next five years. In addition to slower growth in prices, increasingly health-conscious consumers will likely turn to low- and no-calorie sweeteners, both artificially and naturally derived. The growing presence of alternative products in the sweetener market will increase competition for sugar processors, which will subsequently hurt the industry...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
-4.1%
Forecast Growth 16-21
Profit
Employment
4,438
Businesses
681
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Downstream processors are protected by government price supports, which inflate domestic sugar prices
  • Domestic sugar prices are artificially inflated, securing growers’ profit in spite of fluctuating revenue
  • Limited growth in per capita sweetener consumption is expected to limit demand for sugarcane
  • Industry Report - Industry Locations Chapter

    Sugarcane is a tropical grass native to Asia and is primarily grown in the tropics and subtropics. It requires a long, warm growing season with a high incidence of solar radiation and adequate rainfall, followed by a dry, sunny and cool season for ripening and harvesting. In the United States, sugarcane is grown commercially in Florida, Louisiana, Hawaii and Texas. Florida and Louisiana each account for close to 50.0% of US sugarcane acreage, and Hawaii and Texas each account for less than 5.0% of sugarcane acreage.Florida and Louisiana account for 55.2% and 38.0% of sugarcane revenue in the United States, respectively. The...purchase to read more.

    Additional Insights for the Sugarcane Harvesting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sugarcane Harvesting Industry are

  • Production of premium goods/services
  • Ability to alter goods and services produced in favor of market conditions
  • Appropriate physical growing conditions
  • IBISWorld analysts also discuss how external factors such as Demand from sugar processing and Per capita sugar and sweetener consumption in the Sugarcane Harvesting industry impact industry performance..

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    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
  • Seeds
  • Milled sugar
  • Refined sugar
  • Bagasse
  • Industry Activities
  • Sugarcane farming
  • Sugar, field production
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from sugar processing
  • Per capita sugar and sweetener consumption
  • Price of sugar
  • Healthy eating index

  • Current Performance
  • Artificial profit-sweeteners
  • Competition from imports and substitutes
  • Chart: Revenue Growth

  • Industry Outlook
  • Import competition and other looming threats
  • Potential opportunities
  • Table: Sugarcane Harvesting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sugarcane Harvesting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sugarcane Harvesting
  • Sugar Processing
  • Organic Chemical Manufacturing

  • Key Selling Industries
  • Crop Services
  • Farm Supplies Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Fertilizer Manufacturing
  • Pesticide Manufacturing
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Refined sugar
  • Milled sugar
  • Bagasse
  • Seeds
  • Chart: Sugarcane Harvesting Industry Products and Services Segmentation

  • Demand Determinants
  • Downstream demand
  • Sugarcane versus sugar beet
  • Sugar alternatives

  • Major Markets
  • Wholesalers
  • Other industries and exports
  • Bakery and cereal producers
  • Confectionery and ice cream producers
  • Sugarcane farmers
  • Beverage producers
  • Chart: Major Market Segmentation for the Sugarcane Harvesting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Sugarcane Harvesting

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sugarcane Harvesting Industry

  • Industry Globalization
    United States Sugar Corporation
  • Table: United States Sugar Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Sugarcane Harvesting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Sugarcane Harvesting Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Per capita sugar and sweetener consumption (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Bagasse
  • The dry pulp that remains after the juice has been drained from sugarcane in the milling and refining processes.
  • North American Free Trade Agreement
  • A generally duty-free agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade bloc in North America.
  • Pesticide
  • A chemical used to kill pests.
  • Tariff Rate Quota (Trq)
  • Trade regulations under which a specified quantity of a product can be imported at a relatively low tariff. Quantities above the quota are imported at a higher tariff rate.
  • Why buy this report?

    IBISWorld’s Sugarcane Harvesting Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Sugarcane Harvesting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Sugarcane Harvesting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Sugarcane Harvesting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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