Global Brown Sugar Market to Reach $39.9 Billion by 2030
The global market for Brown Sugar estimated at US$25.6 Billion in the year 2023, is expected to reach US$39.9 Billion by 2030, growing at a CAGR of 6.5% over the period 2023-2030. Dark Brown Sugar, one of the segments analyzed in the report, is expected to record 6.7% CAGR and reach US$31.9 Billion by the end of the analysis period. Growth in the Light Brown Sugar segment is estimated at 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.8 Billion, While China is Forecast to Grow at 9.7% CAGR
The Brown Sugar market in the U.S. is estimated at US$6.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.4 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
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