Set Up Sugar Plant
Sugar is a sweet, crystalline substance manufactured from sugar cane and sugar beet. There are numerous uses for it in the food and non-food industries. In the food industry, sugar serves a variety of crucial functions in addition to giving food a sweet taste.
It preserves food and inhibits bacterial growth. It is also used to prevent the development of large ice crystals in frozen dishes like ice cream. Additionally, sugar encourages fermentation in products containing yeast. Additionally, it preserves the freshness and moisture of baked goods.
Uses & Applications
Sugar has several applications in food technology, its sweet flavour serves as the primary basis for its use. The main purposes of added sugar in food are bulking, flavouring, texture modification, preservative, sweetener, and substrate for fermentation. The human body uses sugars and starches from carbohydrates to fuel the rest of the body's cells and provide the brain with glucose. With the introduction of new regulatory restrictions and revisions to current ones, farmers and millers have a higher chance of stepping up their efforts toward cane sugar production and processing. An estimated 12 percent of the rural population in the nine states of Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, and Tamil Nadu receives assistance from the sugar industry through direct or indirect employment.
The amount of land planted with cane may increase, and the rains in the world's largest consumer may increase yields, bringing India's production of sugarcane back up from a seven-year low. The market for Indian cane sugar has become fragmented as a result of the presence of important local and regional businesses. The corporations place a high emphasis on mergers, expansions, acquisitions, and alliances of the companies as strategic approaches to boost their brand visibility among customers.
Indian Cane Sugar Market
A CAGR of 4.3 percent is anticipated for the Indian cane sugar market over the projection period (2020-2025). A peak in sugar output in India is projected during the forecast period as a result of government policies that are favourable and growing planting areas.
The majority of the country's sugarcane is produced in nine Indian states: Punjab, Uttar Pradesh, Maharashtra, Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, and Tamil Nadu. Around 12 percent of the rural population in these nine states is supported by the sugar industry through direct or indirect employment.
Given that India is one of the world's major agricultural countries and that sugar demand there is on the rise, India is an ideal area for market expansion.
Global Sugar Market
The global sugar market has a volume of 185 million Tons in 2021. The market is predicted to increase at a CAGR of 1.8 percent from 2022 to 2027, reaching 206.6 million Tons.
Any decreases brought on by changes in the economy are largely not felt by the global food and beverage industry. As a result, the sector has continually expanded over the past few years. Sugar consumption is currently heavily influenced by the food and beverage sector, and this sector is expected to have a positive impact on the sugar industry. Also anticipated is the continuation of long-term market expansion. Sugar has a number of applications in the healthcare and cosmetics industries. Because of its exfoliating properties, sugar is used to manufacture scrubs in the cosmetics business. In the pharmaceutical industry, it is used to make antibiotics and cough syrups.
Industry Major Market Players:
• A B Sugars Ltd.
• Aakriti Sugar Mills Pvt. Ltd.
• Ab Sugars Ltd.
• Ag-Vet Marketing Ltd.
• Bannari Amman Sugars Ltd.
• Baramati Agro Ltd.
• Suedzucker AG
• Tereos
• Cosan.
• Mitr Phol Sugar Corporation., Ltd.
• Associated British Foods
• Nordzucker AG
• Biosev (Louis-Dreyfus)
• Wilmar International Limited
• Thai Roong Ruang Group
Plant capacity: Sugar:100 MT Per Day Molasses(by Product):44.8 MT Per Day Baggase (by Product):342.1 MT Per Day Paste Mud (by Product):30.3MT Per Day
Plant & machinery: 149 Cr
Working capital: -
T.C.I: Cost of Project:243 Cr
Return: 1.00%
Break even: 57.00%
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Information- One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
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- T.C.I is Total Capital Investment
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