The
demerara sugar market is anticipated to form strong demand dynamics
from the developing regions and enjoy its steady growth over the
forecast period in the developed regions. The demerara sugar falls
under crystal and unrefined sugar categories which are experiencing
rapid growth owing to its increasing demand from the health-aware
consumer base across developed and developing regions. Increasing
consumer spending on food and household products and growing overall
economic activities with consumer inclination for healthier food
habits is expected to drive the demand for the demerara sugar over
the forecast period. Europe is anticipated to dominate the global
demerara sugar market over the forecast period owing to its huge
bakery and processed food industry and substantial consumer base for
natural and healthier food and beverage products.
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Increasing
demand for natural ingredient and alternative heavy finished food
products is gaining traction rapidly into the global market which is
expected to dive the demand for demerara sugar products. The demerara
sugar market consists of an essence of large global players and small
regional players cratering demerara sugar through its subsidiary
brands and private labels. This is expected to form a market
structure facilitating the smooth business activity for the demerara
sugar manufacturers. Commodity market in developing regions have
shown promising growth dynamics in past decade and is expected to
continue its trend over the forecast period which is expected to
support the growth of the demerara sugar market over the forecast
period. The healthier and natural food consumer base has expanded
into developing regions and products are reaching mainstream dynamics
which is expected to rapid penetration of demerara sugar over the
forecast period resulting in rapid growth over the forecast period.
Some
of the key players operating in the global demerara
sugar market are ASR Group., Florida Crystals Corporation,
Billington’s Co., Guyana Sugar Corporation Inc., Dhampure
Speciality Sugars Ltd., RaĆzen (Cosan Ltd.), PGP Group, Tereos
Group, Associated British Foods plc., Mitr Phol Group, Native
Alimentos, LOC Industries, Ragus Sugars Manufacturing Ltd.,m
Signatures of Asia Co.,Ltd, Rahul Sugar Products, Nordic Sugar A/S
B.G. Reynolds Syrups, Inc., Sugar Australia Company Ltd., Liber &
Co., etc.
The
key product launches that have been observed related to demerara
sugar in the food and beverage industry points out the efficiency of
demerara sugar as a healthier alternative to refined sugars.
In
2018, United Kingdom-based popcorn snack company Propercorn
introduced a chocolate flavored sweet popcorn based on demerara sugar
as sweetening and flavoring agent. The company is emphasizing over
the flavor added by the sugar to differentiate its product from the
already crowded popcorn based snacks shelves.
In
2017, Conker Spirit a United Kingdom-based spirit manufacturer
launched its first coffee liqueur based on demerara sugar. The
demerara sugar is used extensively owing to its naturalness and spicy
flavor tone.
Europe
is anticipated to dominate the demerara sugar market owing to its
early initiation of demerara sugar which is a prime ingredient in
traditional cuisines. The processed beverage and food industry in
North America is expected to create colossal demand for the demerara
sugar over the forecast period. The Asia Pacific is expected to form
the fastest growing market for the demerara sugar market over the
forecast period owing to the regions rapid urbanization and
penetration of organized retails into the region. The Latin America
and the Middle East and Africa to capture substantial volume of the
demerara sugar market over the forecast period resulted in its
growing commodity market and food service industry.
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