Brown Sugar Market Size & Share to Surpass $31.2 Billion by 2030
WASHINGTON, June 05, 2023 (GLOBE NEWSWIRE) -- The Global Brown Sugar Market is valued at USD 17.9 Billion in 2022 and is projected to reach a value of USD 31.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 8.3% over the forecast period 2022-2028.
Market Overview
The growth of the food and drink sector is advancing the global Brown Sugar market. There are several food-related uses for Brown Sugar, including dairy, baking, and other uses. As real wages have expanded in developed economies, there is a greater demand for upscale consumer goods like bakery goods, enhancing their relevance to the food and beverage industry. The baking industry prefers Brown Sugar over regular sugar due to its hygroscopic nature and the presence of molasses, which is predicted to increase demand for Brown Sugar shortly.
We forecast that the bakery products in the Brown Sugar market will account for more than 25% of total sales by 2030. Due to rising consumer interest, household manufacturing of bakery goods is also anticipated to grow dramatically in emerging nations, resulting in healthy growth in the Brown Sugar market throughout the projection period. Since urban customers' disposable incomes have increased and there is a corresponding increase in consumer appetite for luxury goods like bakery items, bakery products have become increasingly important to the economic dynamics of the food and beverage industry.
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Market Dynamics
Consumer Awareness Regarding its Benefits Support Market Expansion According to estimates, the growing consumer knowledge of the advantages of brown soda consumption will create profitable market prospects and increase the market's growth rate in the future. The circulatory system is improved by Brown Sugar, which also promotes platelet growth. Brown Sugar has more ingredients than traditional white sugar, such as iron, calcium, magnesium, and potassium. Brown Sugar sweetens many prepared dishes and drinks, stews, and marinades.
High Usage across Food and Beverage Industry Drives Market Growth One of the main factors propelling the global Brown Sugar market recently has been the food and beverage sector growth in urban regions. Particularly in urban areas, where the desire for sweetened beverages is growing, there is a rise in beverage requests. This demand will stay a key factor in the Brown Sugar market. This pattern is likely to persist given the rise in popularity of energy drinks and beverages with a fruit base or flavour, as well as that Brown Sugar contains jaggery and is traditionally disliked for regular household consumption as table sugar due to its dark hue.
Top Players in the Global Brown Sugar Market
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Top Trends in the Global Brown Sugar Market
Top Report Findings
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Recent Developments in the Global Brown Sugar Market
Bakery Products Category of the Application Segment of Global Brown Sugar Market Forecast to Generate Around a Quarter of the Global Segment Revenue For better understanding, based on the Application, the Brown Sugar market is divided into Bakery Products, Beverages, Dairy Products, Confectionery Products and Medicinal Products.
The bakery products market was the largest market by application, and it is anticipated to continue to hold the top spot during the projected period. Since it gives baked goods taste and moisture, Brown Sugar is frequently used in baking. Moreover, the syrup in Brown Sugar helps keep cakes and cookies from drying out. It typically softens and moistens baked foods. 1 Cakes, muffins, chocolates, and icing don't dry out too soon because sugar and water bind to lock in moisture. While dark Brown Sugar has a stronger caramel flavor and is greatly used as a rub for steaks, light Brown Sugar is used more frequently in baking. Yet, many bakers may substitute light and dark Brown Sugar for each other.
On the other hand, the Beverages category is anticipated to grow significantly. As customers are aware of their response to therapy, they choose healthier foods like dairy goods and low-sugar beverages, which has increased the use of natural Brown Sugar in drinking applications. Because it contains potash (60 mg), calcium (18 mg), and calcium, using this type of sweetener in tea or coffee can make a person feel more energized after ingesting it (20mg).
Asia Pacific Region of the Global Brown Sugar Market Anticipated to Generate Nearly Half the Total Global Revenue The Asia Pacific region is projected to do so in the coming years. Tropical nations, including China, Burma, Vietnam, India, South Korea, Bolivia, Brazil, and Indonesia, produce most of the world's Brown Sugar. One nation that produces Brown Sugar and has a significant export opportunity is Indonesia. In Indonesia, Brown Sugar is frequently used as a sweetener, flavouring, and colour enhancer. It is one of the substitutes used to satisfy Indonesia's demand for sugar. Due to its rising demand, sweetened with sugar is made in various nations, like Mexico and Bangladesh. The primary cause of this growth can be customers becoming more mindful of the benefits of using natural Brown Sugars in beverages, confections, and baked goods. Local firms with a significant presence in the manufacturing and distribution chains for these products that drive this market can be found here.
The North America region is projected to see the fastest growth in the Brown Sugar market. In North America, there is a higher utilization of bread goods. Since Brown Sugar is the central aspect of these foods, regional demand for the sweetener is expected to increase. In addition, most of the main food producers generate significant amounts of Brown Sugar due to increased demand, which shows demand is rising quickly. Also, most major food producers are producing enormous amounts of Brown Sugar due to the rising demand for it, demonstrating that consumption is rising year after year.
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on Brown Sugar Market Forecast Report (2023-2030).
Global Brown Sugar Market Segmentation
By Type
By Form
By Distribution Channel
By End-User
By Application
By Region
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Market Overview Get Access to Free Sample Research Report with Latest Industry Insights @ Market Dynamics Consumer Awareness Regarding its Benefits Support Market Expansion High Usage across Food and Beverage Industry Drives Market Growth Top Players in the Global Brown Sugar Market Top Trends in the Global Brown Sugar Market Top Report Findings Buy this Premium Research Report with Discount | Immediate Delivery @ Recent Developments in the Global Brown Sugar Market April 2022: March 2021: January 2021: In 2021, In 2021, Bakery Products Category of the Application Segment of Global Brown Sugar Market Forecast to Generate Around a Quarter of the Global Segment Revenue Asia Pacific Region of the Global Brown Sugar Market Anticipated to Generate Nearly Half the Total Global Revenue Global Brown Sugar Market Segmentation By Type By Form By Distribution Channel By End-User By Application By Region Read Full Report with TOC @ Scope of the Report: Report Attributes Details Browse More Reports from Vantage Library: About Vantage Market Research: Follow Us on: Contact us Email: Website: Blog: