Global Brown Sugar Market Research Report
The report covers Brown Sugar Market in Global, Global Brown Sugar Market Business Overview, Brown Sugar Market by ken research...
By: Ken Research
According to study, "Global Brown Sugar Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024" some of the major companies that are currently working in the global brown sugar market are Sudzucker AG, Imperial Sugar Company, Tate & Lyle, C&H Sugar, Sunshine Sugars ZA, Nordic Sugar A/S, Shree Renuka Sugars, Domino Sugar, Nordzucker Holding AG, American Crystal Sugar Company, Cargill Inc., Wholesome Sweeteners, Taikoo, Lotus Health Group, Ganzhiyuan.
Based on product type, global brown sugar market is segmented into dark brown sugar, light brown sugar and natural brown sugar. Based on form, market is segmented into granules, powder and others. Based on application, market is separated into ice cream & dairy, bakery &confectionery, other food and beverage applications. Based on end-use, market is segmented into households, HORECA, food service industry, and commercial or industrial. Among these end users, household and food service industry are being expected to have higher value sales as a result of a high rate of consumption mainly for food service industry in the manufacturing of confectioneries, bakery products, yogurts etc.
The global brown sugar market is driven by rise in demand of bakery products, followed by consumer preference for white sugar alternatives and continuous increase in demand from food & beverages industry. The domestic manufacturing associated with use of bakery products is projected to augment the demand significantly in the emerging economies owing to rise in interest of consumers, foremost to healthy rise in the demand for brown sugar in near future. Apart from the major benefits such as increase in health concerns associated with obesity, heart diseases & diabetes and increase in inclination of customers towards sugar free products adding to the major restraints for the market.
The global brown sugar market is driven by firm growth of food & beverage industry and it is expected to show faster growth in the coming years. The global brown sugar market is expected to grow at a 10% CAGR over the forecasted period, which is expected to reach US $29500 million by 2024, from US $18300 million in 2019.
For more information, click on the link below:
Global Brown Sugar Market Analysis 2013-2018 and Forecast 2019-2024
Global Organic Brown Sugar Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
Ankur Gupta, Head Marketing & Communications