India branded sugar market valued USD727.36 million in FY2021 and it is anticipated to further grow with a CAGR of 8.59% to achieve the value of USD1226.59 million by FY2027F. The India branded sugar market is anticipated to grow due to increasing inclination of the consumers toward branded sugar. Rising disposable income among the population increases the affordability of the products, along with the increasing product innovations, the India branded sugar market is anticipated to grow in the upcoming five years. Surge in the demand for technologically advanced purification and processing of the sugar, increasing demand for purified sugar and urge of maintained quality that is assured with the branded products, is actively driving the growth of the India branded sugar market in the next five years. Moreover, loose sugar available in the Indian market has severe hygiene, purity, and quality issues. Increased awareness among the consumers regarding adulterated products, poor conditions of processing, are affecting the demands for branded sugar, positively and further supporting the growth of the India branded sugar market in the future five years.
Multiple market players have flooded the Indian market with their innovative products, and advanced packaging along with their claims for purity through various tests. Through aggressive advertisement and promotional schemes, the market players are influencing consumer preferences, and further substantiating the growth of the India branded sugar market in the forecast years until FY2027.
The India branded sugar market segmentation is based on type, distribution channel, regional analysis, and competitive landscape. Based on type, the market is further segmented into white crystal sugar, brown sugar, sugar lite, sachets- white & brown sugar and others like colored sugar, sugar cubes, etc. White crystal sugar is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of traditional popularity and consumption of white sugar among the population. Moreover, rising disposable income, surging consumption, and increased inclination of consumers toward home cooked sweet dishes, is actively supporting the growth of the India branded sugar market in the future five years.
Shree Renuka Sugars Ltd, Dhampur Sugar Mills Ltd, Uttam Sugar Mills Limited (Uttam Sugar), Triveni Engineering & Industries Ltd. (Shagun), Simbhaoli Sugars Limited, E.I.D. - Parry (India) Limited, Mawana Foods Pvt. Ltd., DCM Shriram Industries Ltd., Dhanraj Sugars Private Limited, SNJ Group, Dwarikesh Sugar Industries Limited, etc. are among the major market players in the India platform that lead the market growth of the India branded sugar market.
Years considered for this report:
Historical Years: FY2017- FY2020
Base Year: FY2021
Estimated Year: FY2022E
Forecast Period: FY2023F – FY2027F
Objective of the Study:
- To analyze and estimate the market size of India branded sugar market from FY2017 to FY2021.
- To estimate and forecast the market size of India branded sugar market from FY2022E to FY2027F and growth rate until FY2027F.
- To classify and forecast India branded sugar market based on type, distribution channel, regional distribution, and competitive landscape.
- To identify dominant region or segment in the India branded sugar market.
- To identify drivers and challenges for India branded sugar market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India branded sugar market.
- To identify and analyze the profile of leading players operating in India branded sugar market.
- To identify key sustainable strategies adopted by market players in India branded sugar market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across India.
TechSci Research calculated the market size of India branded sugar market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to branded sugar
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India branded sugar market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Branded Sugar Market, By Type:
o White Crystal Sugar
o Brown Sugar
o Sugar Lite
o Sachets- White & Brown Sugar
o Others
- India Branded Sugar Market, By Distribution Channel:
o General Trade
o Modern Trade
o Online
- India Branded Sugar Market, By Region:
o North
o South
o West
o East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Branded Sugar Market.
Available Customizations:
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).