Global
Brown Sugar Market: Snapshot
Brown
sugar is a variant of sugar in which some molasses is still present.
In conventional white sugar, molasses is removed completely. However,
leaving some molasses in the sugar makes the sugar cheaper as well as
more nutritious, as molasses is better for the body than plain sugar.
The global brown sugar market has been driven by the steady growth of
the food and beverage industry in recent years and is likely to
exhibit rapid growth over the coming years. Brown sugar is also known
as soft sugar due to the natural hygroscopic property imparted by the
presence of molasses. The brown sugar industry has flourished due to
the increasing demand from various parts of the food and beverage
industry and is thus likely to exhibit steady growth in the coming
years.
Download
exclusive Sample of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20984
According
to Transparency Market Research, the global brown sugar market was
valued at US$18.3 bn in 2017 and is likely to exhibit a robust 7.7%
CAGR over the 2017-2022 forecast period. Thus, the brown sugar market
is expected to rise to a valuation of US$26.5 bn by 2022.
Rising
Urban Food and Beverage Industry Vital for Brown Sugar Market
One
of the major drivers for the global brown sugar market is the growth
of the food and beverage industry in urban areas in recent years. The
demand for beverages in particular has received a shot in the arm due
to the rising demand from urban areas, where sweetened beverages are
becoming increasingly popular, and is likely to remain a key driver
for the brown sugar market in the coming years. The rising demand for
energy drinks and fruit-based or fruit-flavored beverages is likely
to remain a key driver for the brown sugar market, as the molasses
content of brown sugar and its brown color often make it unpopular
for regular use in households as table sugar.
Rising
Bakery Industry to Boost Demand from Brown Sugar Market
The
growing bakery industry is likely to remain a vital consumer for the
global
brown sugar market in the coming years. Bakery products have
become increasingly relevant to the economic dynamics of the food and
beverage industry following the rise in the disposable incomes of
urban consumers, which has led to a rise in the demand for luxury
products such as bakery items. The hygroscopic nature and molasses
content of brown sugar also makes it desirable over conventional
sugar in the bakery industry, as the unrefined molasses mixes better
with bakery ingredients, which is likely to drive demand from the
brown sugar market in the coming years.
Growing
Consumption in APEJ Drives Global Brown Sugar Market
Asia
Pacific except Japan is a vital regional segment of the global brown
sugar market. In several countries in this region, brown sugar and
molasses have traditionally been part of the local dietary patterns.
This has led to easy incorporation of the brown sugar market into the
local food and beverage industry. Growing sugar production in
countries such as India, China, Thailand, and several other countries
in Southeast Asia is likely to remain a key driver for the brown
sugar market in the coming years. Asia Pacific except Japan accounted
for close to a third of the global brown sugar market in 2017 and is
likely to remain a dominant contributor in the coming years.
Global
Brown Sugar Market: Competitive Dynamics
The
global brown sugar market is dominated by companies such as AkzoNobel
NV, Masco Corporation, Hempel A/S, Jotun A/S, The Valspar
Corporation, Axalta Coating Systems Ltd., Nippon Paint Holding Co.
Ltd., BASF SE, and PPG Industries Inc. The global brown sugar market
is likely to be marked by intense competition in the coming years, as
local as well as international players are likely to benefit from the
sustained demand from the food and beverage sector.
No comments:
Post a Comment