TTC Sugar: Leader of organic sugar in Vietnam
Thursday, December 12,2019AsemconnectVietnam - After the M&A deal of TTC Attapeu sugar mill - formerly known as Hoang Anh Attapeu sugar mill - in Attapeu Province of Laos in 2017, Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC Sugar, HOSE: SBT) is currently running an organic sugarcane area of 7,500 ha in Laos, which can be expanded to 20,000 ha in the next five years.
According to a consumer behavior survey in Vietnam in 2015 by global data analysis firm Nielsen, 77% of survey participants chose “fresh, natural and organic inputs that have ‘big’ or ‘very big’ impacts on shopping decisions.” According to a survey by Market Research Future & Absolute Market Insights, the global demand for organic sugar increased by 31% from 2010 to 2014. In 2017, organic sugar sales reached over US$784 million and were forecast at nearly US$1.4 billion in 2022 with a double growth rate recorded in 2017-2022 at 16% annually.
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