Surging Price of Processed White Sugar to Favor Growth in Muscovado Sugar Market

The global muscavado sugar market is experiencing a surge in demand in the recent years because of it multiple usage. Health conscious people have started consuming muscavaodo due to its high nutrient value on a daily basis, according to a new report from Transparency Market Research (TMR). The reports offers a 360 degree view of the market including its evolution and background. The report titled, “Muscovado Sugar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028”, analyses an in-depth value chain analyses of the market. It also studies the pricing accompanied with important segments. The report comprises of all the important region the market has a strong including the key players with their company profiles.

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Muscovado sugar is a kind of partially refined to unrefined sugar. In the muscovado sugar the flavor and amount of molasses is considerably high as it has high levels of minerals and vitamins in comparison to normal white sugar. It is due to this reason that the muscavado is consumed by health conscious people. Muscovado sugar is also known for being an important source of energy.

The rise in demand for natural ingredient in the food industry is escalating the muscovado market. Muscovado sugar is known for its sweet taste and is used mostly in confectionary and bakery. The sugar is also consumed lot by the alcohol industry as it is used in manufacture of rum and other drinks. The rise in bakery and alcohol industry is going to significantly contribute towards the market’s growth. Bakery industry found that the usage of muscovado sugar in their product would fetch them darker color as well as strong flavor in products such as cakes and biscuits.

The confectionary industry has increased the uptake of muscovado sugar because of its strong aroma and flavor in bars, chocolates, and candies. Recently, the increase in awareness of healthcare among consumers is making the health conscious people shift from normal processed white sugar to muscovado sugar, this is expected to act as a key driver in pushing the muscovado market in the years to come. Mounting price of white process sugar is making food manufacturer to look for other substitutes, thus helping the market of muscovado to grow fast.

The global muscovado sugar market can be classified on the basis of type, nature, end use, and distribution channel. On the basis of type, the market could be segmented into light muscovado and dark muscovado sugar. Based on nature, the market could be segregated into conventional and organic. On the basis of end use the market could be divided into industrial, household, and commercial use. The industrial segment could be further sub divided into food and beverages industry, biofuel industry, animal feed industry, and others. Based on distribution channel the market could be segregated into Indirect and direct distribution channel.

On the basis of region, Asia Pacific is found to lure the muscovado market from all across the world. Usage of muscovado sugar in producing jiggery has gained a lot of popularity of muscovado sugar in the market. India is said to be the largest producer of the muscovado sugar.

Some of the key players in the market are Taikoo Sugar Litmited., Nature Organic, Dhampur Green, Raw Brown Sugar Milling Co., and TARDO Filipinas Inc.