The market is dominated by domestic suppliers, as imports account for 0.7% of total market size in 2022. Households drive market demand, with household spending representing 65.5% of total demand in 2022. India has the largest market size for sugar regionally, with demand reaching USD18.6 billion in 2022. Shree Renuka Sugars Ltd is the largest company in India, generating 5.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 15.3% of total production value in 2022. The total number of companies decreases in 2022, to 24,161 units. The costs of the industry increase by 1.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 9.1% of production value in 2022, the 15th highest regionally. The industry’s exports share decreases in 2022 to 18.7% of total production output. With production value of USD20.8 billion, India accounts for 31.9% of the Asia Pacific total in 2022.
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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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