Brown Sugar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The brown sugar market is projected to register a CAGR of 8.13% during the forecast period (2020-2025).
Key HighlightsThe increasing demand for bakery products in urban areas is likely to be a major driver for the brown sugar market, owing to the increase in the demand for western bakery products in developing economies. The rise in the indigenous bakery products industry in developing markets, such as the Asia-Pacific and Latin America, is expected to emerge as a prominent factor, boosting the growth of this market in the years to come, thanks to the augmenting popularity of bakery items in urban areas in these regions. The household manufacturing of bakery products is also projected to increase significantly in emerging economies due to the rising interest of consumers, leading to a healthy rise in the demand for brown sugar during the forecast period.
Asia-Pacific Dominates the Global MarketThe brown sugar market is dominated by Asia-Pacific, followed by North America and continue to dominate during the forecast period. Brown sugar is majorly produced by the countries with a tropical climate, like China, Thailand, Vietnam, India, Korea Selatan, Bolivia, Brazil, and Indonesia. Indonesia is one of those countries that produce brown sugar and has a big potency as an exporter of brown sugar. Brown sugar is widely used as a sweetener, flavor, and color enhancer in Indonesia. It is one of the alternatives to meet the needs of sugar in Indonesia. Due to its rising popularity, demerara sugar is also produced in other countries, such as Mexico and India.
Competitive LandscapeThe huge shift of the food and beverage industry toward natural and organic food and ingredient production makes a strong growth base for the brown sugar market.The market for brown sugar is highly fragmented with lots of players. Some of the major key players in the brown sugar market, globally include Imperial Sugar Company, American Crystal Sugar Company, Domino Foods Inc. (C&H Sugar), Südzucker AG, and Organic Tattva.
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