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Market Research Report

Global Brown Sugar Market Outlook 2016-2024

Published On : 2018-02-07 Report Page : 290 Category: Food Beverages

Global Brown Sugar Market 

Market Overview

Brown sugar is a type of a refined sugar with molasses in it due to which its color is brown and it contains more minerals than the ordinary refined sugar. The global brown sugar market is slightly increased in the past few years due to introduction of new and innovative bakery products and beverages and will continue to grow as it’s a staple product in the production of various food and beverage items.

Goldstein Research analyst analyzed the global brown sugar market reached USD 17.4 billion in 2016 and further the market is expected to reach USD 31.26 billion by 2024, growing at a CAGR of 7.60% over the forecast period i.e. 2016 to 2024.

Covered In This Global Brown Sugar Market Report                    

The report covers the present ground scenario and the future growth prospects of the brown sugar market for 2016-2024 along with the production and consumption of brown sugar in major economies. We calculated the market size and revenue share on the basis of revenue generated by industry players across the globe. We have forecast the market on the basis of rising consumption of brown sugar and increasing usage of brown sugar in pharmaceutical industry.

Global Brown Sugar Market Segmentation

By Texture

  • Dark Brown Sugar
  • Light Brown Sugar
  • Regular Brown Sugar

By Form

  • Powdered Brown Sugar
  • Granules Brown Sugar
  • Brown Sugar Syrup
  • Brown Sugar Cubes

By End-User

  • Hotels
  • Restaurants, Café, Lounges
  • Pharmaceutical Industry
  • Residential Sector
  • Cosmetic Industry

By Distribution Channel

  • Offline Distribution Channel
    • Specialty Stores
    • Department stores
    • Hypermarkets and supermarkets
    • Pharmacy
  • Online Distribution Channel

By Application

  • Bakery Products
  • Beverages (Alcoholic or Non-Alcoholic)
  • Dairy Products
  • Confectionery Products
  • Medicinal Products

Based on Geography

  • North America (U.S. & Canada) Brown Sugar Market
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Brown Sugar Market
  • Europe (The U.K., Germany, France, Italy, Spain, Hungary, BENELUX, Russia, Poland, Sweden & RoE) Brown Sugar Market
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, New Zealand, Taiwan & Rest of Asia) Brown Sugar Market
  • Middle East and Africa (GCC, South Africa, North Africa & RoMEA) Brown Sugar Market

On the basis of end-user, hotel and restaurants industry held the largest share of 59.0% in the global brown sugar market as it is widely used in the food service industry and beverage industry including both alcoholic and non-alcoholic drinks. The rising popularity of western bakery products and increased number of food chains across the globe, especially in developing nations, global brown sugar market is experiencing a higher growth as compared to previous years. However, on the other hand, the residential sector market is growing steadily on the back of availability of variety of brown sugar and in various forms such as cube, powder and others.

Global brown sugar market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global brown sugar market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Brown Sugar Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global brown sugar market report comprises of the following companies as the key players: Tate & Lyle, Domino Foods INC, Garrett Ingredients, Billington, Organic Tattva, 24 Mantra Organic.

Other high-flying vendors in the market are: Sudzucker, Imperial Sugar, Nordic Sugar A/S, C&H Sugar, American Crystal Sugar, Cargill, Taikoo, Wholesome Sweeteners, Ganzhiyuan and Lotus Health Group.

According to our global market study on the basis of extensive primary and secondary research: “The major trend is the usage of brown sugar in cosmetics as it is one of the effective natural humectants. It contains glycolic acid and alpha hydroxyl acid (AHA) which are beneficial for the skin. Brown sugar is used in face or body scrubs as it an excellent exfoliator which removes the dead skin leaving the skin to glow. ” Vast application in cosmetic industry is one of the major aspect which is triggering the demand for brown sugar among cosmetic manufacturers.

According to the report, the major driver of the global brown sugar market is the extensive growth in the pharmaceutical and biotechnology industry, growing at a CAGR of 8.7% over the forecast years. There are 1,919 cancer disease medicines, 1,123 immunology medicine, 401 diabetic medicines, 208 HIV medicines, 563 cardiovascular medicines are under clinical trials that showcase the shining future of global brown sugar market.

Further, the report states that the major challenge is that brown sugar is also used as a drug which hampers the global brown sugar market. Brown sugar consists of 20.0% of heroin and is commonly called as smack, H, junk, black tar, horse etc. This drug can also lead to insomnia, impotence and other respiratory diseases.

Based on geography, Europe region leads the brown sugar market with 33.0% market share in 2016 owing to the high turnover of Europe food and drink industry i.e. USD 1,239 billion and exports valued USD 101.92 billion at a rate of 13.2% in 2014. Moreover, the traditional bakery practice, innovation in the bakery products and higher rate of consumption of bakery product in European countries is also the major factor which is fuelling the demand for brown sugar in the region. On the other hand, due to popularity in the bakery products and beverages, Asia-Pacific brown sugar market is expected to grow at a highest CAGR of 6.9% over the forecast period owing to largest brown sugar manufacturer and also the largest region in terms of turnover, value added and employment, in addition food and drink industry is a diversified sector, characterized by a wide range of company sizes with SMEs accounting for a large share of the activity.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Brown Sugar Market report

  • What is the total market size by 2024 and what would be the expected growth rate of market?
  • What is the revenue of brown sugar in 2015-16 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Global Brown Sugar Market Outlook 2016-2024

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