The Chinese are increasingly using sugar in drinks and to prepare western foods.
San Francisco, CA (PRWEB) August 07, 2013
Chinese and global sugar markets are integrated, and world price fluctuations can affect China's domestic sugar market. Despite price fluctuations and local shortages, sugar demand by Chinese consumers is steadily growing. In fact, China has become a major sugar-consuming country, says IBISWorld. Growth is being stimulated by the increased use of sugar as an ingredient in food and beverage products, as well as an additive to foods and drinks.
Through the development of new refineries and the adoption of improved technologies, the Sugar Production industry in China has formed a fairly comprehensive industrial sugar production chain, from the growing of sugar-bearing crops to sugar processing. Industry revenue is set to total $19.4 billion in 2013, increasing at an annualized rate of 13.8% over the past five years, says IBISWorld.
The Sugar Production industry in China has a low concentration level and a large number of enterprises. The combined market share of the top four firms – Nanning Sugar Industry, Rizhao Lingyunhai Sugar Group, Guangxi Fengtang Biochemistry, and Guangxi Guitang Group – is about 12.1% of total industry revenue in 2013. The low industry concentration level reflects a diverse range of brands for different industry products. There are many sugar brands on the market, and each brand has loyal consumers. However, IBISWorld anticipates that rising price competition and production costs will cause industry concentration to increase steadily in the future.
For more information, visit IBISWorld’s Sugar Production industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Sugar Production industry in China comprises firms engaged in finished sugar product manufacturing with sugarcane and sugar beet as raw materials. The industry includes all types of refined sugar product manufacturing from raw sugar and granulated sugar. Products include raw sugar, brown sugar, caster sugar, yellow sugar, refined sugar, and by-products such as liquid sugar. The industry does not manufacture maltose, dextrose and candy made of starch.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.