Global brown sugar market was valued at US $ XX Mn and expected to grow at 7.5% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Brown Sugar Market
Brown sugar is the sugar product with sucrose content in it. It has a distinctive brown color which is due to the presence of the molasses. The molasses content in the brown sugar makes it nutritious with high mineral content when compared with that of the refined sugar. Owing to its natural hygroscopic property the brown sugar is also known as the soft sugar.
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Market Dynamics: Brown Sugar Market
Increase in the demand for the sweetened beverages such as the energy drinks, fruit-flavored juices in urban areas is the key factor anticipated to drive the market revenue growth of the brown sugar market. The changing lifestyle are majorly diving towards the ready-to-drink beverages which are likely to enhance the growth of the market. The increasing use of the bakery products is expected to enrich the growth of the brown sugar market. Due to its nutritious property, the use of brown sugar is growing across the continents, which is responsible for the growth of the market. However, the soaring of diabetic population is the key factor expected to hamper the growth of the market.
Market Scope: Brown Sugar Market
Brown sugar market is segmented based on the product type, form, source, application, and end user
Based on the product type, the market is segmented into the following:
Light Brown Sugar
Dark Brown Sugar
Based on the form, the market is segmented into the following:
Powdered
Syrup
Granulated
Based on the source, the market is segmented into the following:
Cane Sugar
Beet Sugar
Based on the application, the market is segmented into the following:
Bakery
Confectionery
Beverage
Dairy
Others
Based on the end-users, the market is segmented into the following:
Pharmaceuticals
Food & Beverage Industry
Others
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Regional Analysis: Brown Sugar Market
Geographically, global brown sugar market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and the Europe brown sugar markets are growth driven by its higher adoption towards the bakery goods. The brown sugar is also used in the restaurants due to its lesser cost and higher availability which is driving the growth of the market. The Asia Pacific trails Europe and North American regions. The Asia Pacific is expected to witness the significant growth over the forecast period due to its expanding food and beverage industry in the emerging countries such as India and China.
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Competition Assessment: Brown Sugar Market
Some of the players in the global brown sugar market include:
Archer Daniels Midland (U.S)
Tereos (France)
Raizen SA (Brazil)
Tate & Lyle (UK)
Cargill incorporation (U.S)
Sudzucker AG (Germany)
Notable Market Developments: Brown Sugar Market
In July 2017, Tate & Lyle has launched New Premium Brown and Golden Sugar Range
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