Indonesia Sugar Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Form (Granulated, Powdered, Syrup), By Source (Cane Sugar, Beet Sugar), By Use (Food And Beverage, Pharmaceuticals), And By Distribution Channel (Online, Offline) - Forecasts From 2022 To 2027

The Indonesian Sugar Market is anticipated to expand at a CAGR of 4.98% over the course of the forecast period, from US$6.547 billion in 2020 to a total market value of US$9.202 billion by 2027.

Several soluble carbohydrates with a sweet flavor that are used in food are collectively referred to as sugar. Sugar has applications in both food and non-food industries. Sugar has several important applications in the food sector along with providing a sweet taste.

However, the younger population is switching to low-calorie sugar or artificial sweeteners, which could constrain the market in the region.

Consumption in food industry to boost the sugar market

Consumers are demanding more sugar these days, which is anticipated to contribute to the market's expansion in the country. This is because more people are consuming foods and beverages with added sugar. Additionally, consumers these days like brown sugar to white sugar, which will increase demand for brown sugar and boost the market's expansion. Major companies are also increasing their investment in product innovation and new product launches, which may help the market to even expand more in the country.

Key Developments:

• April 2022: The Government of Indonesia (GOI) has permitted the importation of about 892,000 metric tons of raw sugar for processing into plantation white sugar, up 31 percent, or 680,000 tons, from 2021 imports, according to FAS USDA. Production of plantation white sugar is predicted to rise as well, to 2.3 MMT in 2021/22, up from 2.13 MMT in 2020/21. According to the OECD, Indonesia's 2022 per-capita sugar consumption would be around 28.08 kg, up around 2% from 2021's 27.54 kg. The total amount of sugar consumed is anticipated to rise from 7.44 MMT of raw sugar equivalent in 2020/21 to 7.6 MMT of raw sugar equivalent in 2021/22, made up of 3.9 MMT of sugar for direct consumption and 3.7 MMT for the food and beverage industry.
• March 2020: Olam International, a multinational food and agribusiness, has agreed to sell its remaining 50.0% equity investment in Indonesian sugar joint venture Far East Agri to its joint venture partner Mitr Phol Sugar Corporation for an estimated total price of between $82.5 million and $85.0 million. The sale of Olam's stake in the sugar joint venture is consistent with its six-year Strategic Plan, which was unveiled in 2019 and focuses on businesses with sustainable growth potential and divests and/or restructures assets and businesses that have been deprioritized in order to free up capital for investment in the businesses that have been prioritised. After completion, Olam will no longer consider Far East Agri to be an associated firm. Upon completion of this Transaction, Olam will record a post-tax capital gain of between US$37.5 million and US$40.0 million.

Product Offerings:

• Coconut palm sugar: Thai Roong Ruang Sugar Group produces coconut palm sugar of the highest calibre. Natural nutrition has been kept because it is made from all-natural components and does not use chemical coloring or bleaching. The delicate refined grain of the coconut palm sugar allows it to melt rapidly and has a delicious caramel aroma. Since it is a natural substance, the color can range from light brown to dark brown. Coconut palm sugar is a delicious sweetener that can be used in both savory and sweet dishes. It comes in 650-gram canisters of different packing sizes (650g x 12 containers per pack)
• Candy sugar: Natural & Party Rock Sugar is a unique colorful experience that will improve the sweetness as well as the presentation of your favorite menu items. Perfect for cakes, ice cream, and nibbles, it creates the perfect decoration. Enjoy the full flavor of your preferred beverages, dishes, and desserts. With the greatest standards for hygiene and nutrient value preservation, this premium-grade sugar is made using the best strain of cane and natural crystallization procedures. For cakes and ice cream, it offers colorful, eye-catching toppings. Healthy meals like Chinese bird's nest or herbal soup can be made more flavorful. Excellent for iced or warm beverages like tea, coffee, cocktails, and herbal drinks. It is offered in 350 g. bag package sizes (350 g x 12 bags/carton).

Indonesia Sugar Market Scope:

Segmentation

• By Form
  • Sugar Cubes
  • Granulated Sugar
  • Powdered Sugar
  • Sugar Syrup
• By Source
  • Cane Sugar
  • Beet Sugar
• By Use
  • Food and Beverage
  • Pharmaceuticals
• By Distribution Channel
  • Online
  • Offline