|Last Quarterly Update:||12/19/2016|
|SIC Codes:||2061, 2062, 2063|
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Companies in this industry produce raw sugar from sugar cane, refine raw cane sugar, and produce refined beet sugar from sugar beets. Major companies include Amalgamated Sugar, American Crystal Sugar, Fanjul Corp, and Imperial Sugar (all based in the US); Cosun and Copersucar (both in Brazil); Nippon Beet Sugar Manufacturing (Japan); Nordzucker and Südzucker (both in Germany); Tereos (France); and Tongaat Hulett (South Africa).
The world produces about 175 million metric tons of sugar annually in more than 100 countries. The US produces nearly 8 million metric tons of sugar annually. The largest producers are Brazil, India, and the EU, according to the USDA.
The US sugar manufacturing industry consists of about 40 companies with combined annual revenue of about $10 billion. Key growth opportunities include new packaging for products and commercial uses for byproducts.
Demand is driven by domestic sugar consumption and government controls on imports and pricing. The profitability of individual companies depends on efficient operations and cost controls. Large companies have economies of scale in production and distribution. Small companies can compete effectively by serving local markets. The US industry is highly concentrated: the eight largest companies account for more than 70% of industry revenue.
Sugar manufacturers compete with makers of lower-cost sweeteners such as high fructose corn syrup.
PRODUCTS, OPERATIONS & TECHNOLOGY
The major product of sugar manufacturers is refined sugar (sucrose) for industrial and consumer use. Sugar is produced in various ...
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