Market Insights and Analysis: Global Brown Sugar Market Overview and Projections (2023-2028)
The Global Brown Sugar Market size was valued at USD 15.31 Billion in 2022 and is projected to grow at a CAGR of around 8.33% during the forecast period, i.e., 2023-28. The brown sugar market has witnessed robust growth in recent years, majorly driven by the growing consumer awareness regarding health & wellness, particularly after the Covid-19 pandemic.
Top leading companies in the Global Brown Sugar Market includes:
Cargill Incorporated, American Crystal Sugar Company, Sudzucker AG, ASR Group, Tate & Lyle Sugars, Organic Tattva, Domino Foods Inc, Taikoo Sugar Limited, Savola Group, Cofco Tunhe Sugar Co. Ltd, Imperial Sugar, Raizen S.A., Stereos International Ltd, Nordic Sugar A/S, Lotus Health Group Co, Others.
Global Brown Sugar Market Challenge
Globally Rising Prevalence of Diabetes & Obesity: The rising prevalence of obesity, diabetes, & heart diseases has led consumers to seek sugar-free alternatives. According to the WHO (World Health Organization), about 422 million people worldwide have diabetes, the majority living in low- & middle-income countries, and 1.5 million deaths are directly attributed to diabetes each year. In addition, the WHO recommends that adults & children should restrict their sugar consumption to 10% of their total calorie intake. These aspects discourage the adoption of sugar in any form, impeding the growth of the Global Brown Sugar Market through 2028.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Product Type
-Light Brown- Market Size & Forecast 2018-2028, USD Million
-Dark Brown- Market Size & Forecast 2018-2028, USD Million
By Form
-Powder- Market Size & Forecast 2018-2028, USD Million
-Granules- Market Size & Forecast 2018-2028, USD Million
-Other- Market Size & Forecast 2018-2028, USD Million
By Application
-Bakery & Confectionary- Market Size & Forecast 2018-2028, USD Million
-Beverages- Market Size & Forecast 2018-2028, USD Million
-Dairy- Market Size & Forecast 2018-2028, USD Million
-Others- Market Size & Forecast 2018-2028, USD Million.
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Global Brown Sugar Market Geographic Reach:
The Geographic Reach of the Global Brown Sugar Market evaluates the spread and significance of Global Brown Sugar market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: US, Canada, Mexico
· Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
· Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
· South America: Brazil, Argentina, Rest of South America
· Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA.
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