Global Brown Sugar Market growing at a CAGR of 8.0% from 2023 to 2030
Category : Food And Beverages | Published Date : Jun 2023
Key Market Overview
Consegic Business Intelligence analyzes that the brown sugar market is predicted to grow at a compound annual growth rate of 8.0% from 2023 to 2030 and is expected to reach USD 33,810.05 Million in 2030 which was valued at USD 18,355.00 Million in 2022.
The report highlights the increasing adoption of brown sugar in bakery and confectionery applications, which is proliferating the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the brown sugar market.
Global Brown Sugar Market By Overview
The brown sugar market is bifurcated into type, form, application, and distribution network. Based on type the market is segmented into dark, light, and others. In 2022, the dark segment dominated the overall brown sugar market. The form segment is categorized into powdered, granulated, syrup, and cubes. In 2022, the granulated segment accounted for the highest market share in the brown sugar market. The application segment is categorized into bakery and confectionery, beverages, dairy, and others. In 2022, the bakery and confectionery segment accounted for the highest market share in the brown sugar market. The distribution network segment is categorized into online and offline. The online segment is further categorized into e-commerce and company owned-website and the offline segment is further categorized into supermarkets/hypermarkets, convenience stores, specialty stores, and others. In 2022, the offline segment accounted for the highest market share in the brown sugar market.
Get Free SampleMarket Dynamics
Driver:
- Growing consumer preferences for brown sugar
- Growing demand for natural and organic products
Restraints:
- Stringent competition from the artificial sweeteners
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Dark, Light, and Others |
| By Form | Powdered, Granulated, Syrup, and Cubes |
| By Application | Bakery and Confectionery, Beverages, Dairy, and Others |
| By Distribution Network | Offline (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Others) and Online (E-commerce and Company Owned-Website) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Imperial Sugar (U.S. Sugar Corporation), AMERICAN CRYSTAL SUGAR COMPANY, Südzucker AG, and American Sugar Refining, Inc. which have a strong market position in current market circumstances. These companies are continuously leveraging new products to develop innovative brown sugar that are more nutritional, ensures superior quality, and is cost-effective as compared to other brown sugar. Furthermore, the brown sugar market is expected to witness substantial growth in the coming years due to the growing investment in bakery and confectionery applications and increasing adoption in various regions.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Imperial Sugar (U.S. Sugar Corporation)
- AMERICAN CRYSTAL SUGAR COMPANY
- Südzucker AG
- American Sugar Refining, Inc.
- Sunshine Sugar
- THE BILLINGTON FOOD GROUP LIMITED (Associated British Foods)
- Organic Tattva
- Nordzucker AG
- Cargill, Incorporated
- Dhanraj Sugars Private Limited
- Taikoo Sugar Limited
- Wholesome Sweeteners, Inc.