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According to the latest IMARC report titled “Brown Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“The study provides a detailed analysis of the industry, including global brown sugar market share, size, trends and growth forecast. The report also includes competitor and regional analysis and highlights the latest developments in the market.
Report highlights:
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What is the size of the brown sugar market?
Report attributes | details |
Market size in 2022 | 18.5 billion US dollars |
Market forecast in 2028 | 32.1 billion US dollars |
Growth rate (2023 to 2028) | CAGR 9.3% |
Base year for analysis | 2022 |
Forecast period | 2023-2028 |
What is brown sugar?
Brown sugar refers to a sweetener used in culinary applications, derived from incorporating molasses, a residue from sugar refining, into white sugar. The molasses infusion gives the distinctive brown color and slightly sticky consistency to brown sugar. The depth of color and intensity of flavor in brown sugar depends on the amount of molasses added. With its wonderful caramel-like taste, brown sugar is commonly used in dessert recipes, sauces, glazes, and pickles. Compared to white sugar, brown sugar has a higher moisture content, resulting in a softer, more clumpy texture that can affect the outcome of baked goods. As a result, it is widely used all over the world.
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What are the growth prospects and trends in the brown sugar industry?
The brown sugar market is based primarily on growing consumer preference for natural, unrefined sweeteners as a healthy alternative to artificial options. Furthermore, increasing awareness about the multiple benefits of brown sugar, such as minimal processing and improved retention of natural minerals and nutrients through the presence of molasses, serves as another important growth stimulating factor. Besides, the emerging trend of baking and home cooking that has led to increased demand for specialty ingredients that impart unique flavor and texture to culinary creations is also positively impacting the global market. In addition, the growing health awareness among consumers that has contributed to the increasing popularity of brown sugar, due to its notable advantages over white sugar and its slightly higher mineral content, is stimulating the market growth. Apart from this, the growing influence of international cuisines and associated recipes, especially in ethnic dishes relying on the distinct flavor and color provided by brown sugar, is expected to propel the market in the coming years.
What is included in market segmentation?
The report divided the market into the following categories:
Segmentation by product type:
Segmentation by model:
Segmentation by distribution channel:
- Hypermarket and supermarket
- Shops
- Specialized retailers
- Online retailer
- Others
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Segmentation by application:
- Bakeries and sweets
- Drinks
- Dairy
- Others
Division by region:
- north america
- Asia Pacific
- Europe
- latin america
- Middle East and Africa
Who are the major players operating in the industry?
The report covers the key market players including:
- American Crystal Sugar Company
- American Sugar Refining Company
- Cargill Incorporated
- Imperial Sugar Company
- Mehrotra Consumer Products Pvt. Ltd.
- Nordsucker AG
- Südzucker AG
- Sunshine sugar
- Tyco Sugar Co., Ltd. (Swire Pacific Co., Ltd.)
- Wholesome Sweeteners Inc. (brands for the entire earth)
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about us
IMARC Group is a leading market research company providing management strategies and market research worldwide. We partner with clients across all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include key market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech enterprises. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the forefront of the company’s expertise.
Our offerings include comprehensive market information in the form of research reports, production cost reports, feasibility studies and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clients, from SMBs to Fortune 1000 companies.
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Post Brown Sugar Market 2023 | The post Industry Size, Share and Forecast for 2028 appeared first on Super Market Research.
COMTEX_440267910/2607/2023-09-15T09:30:26
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