The market is dominated by domestic suppliers, as imports account for 1.0% of total market size in 2023. Households drive market demand, with household spending representing 66.2% of total demand in 2023. India has the second largest market size for sugar regionally, with demand reaching USD17.9 billion in 2023. Shree Renuka Sugars Ltd is the largest company in India, generating 5.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 15.3% of total production value in 2023. The total number of companies decreases in 2023, to 28,612 units. The costs of the industry increase by 0.9% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 9.3% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 24.6% of total production output. With production value of USD21.1 billion, India accounts for 31.1% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Sugar in India: ISIC 1542. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sugar in India: ISIC 1542 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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