Press release
Brown Sugar Market Size, Share, Development by 2023
Brown sugar is a colored refined sugar obtained when controlled amount of molasses are added to the white sugar. The intensity of the color of brown sugar is proportional to the amount of molasses added. Brown sugar has a distinctive taste and flavor due to the presence of minerals which also make it nutritionally superior to white sugar. This property of the brown sugar resulted in the formation of an alternative sugar market for health cautious population.
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Global Brown Sugar Market: Forecast by Type / Application / Region
The brown sugar market is forecasted to grow in upcoming years due to its market drivers like cost, competitive product segment and easy to manufacture. The huge shift of food and beverage industry towards natural and organic food and ingredient production makes a strong growth base for the brown sugar market.
The market for Brown Sugar is highly fragmented with lots of players. The key players are Sudzucker, Tate & Lyle, Imperial Sugar, Nordic Sugar A/S, C&H Sugar, American Crystal Sugar, Cargill, Domino Sugar, Taikoo, Wholesome Sweeteners, Ganzhiyuan, Lotus Health Group, etc.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
A critical factor for growth in Asia region is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. China is anticipated to lead growth of the Asia Pacific market over the next six years.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Brown Sugar will register a 8.9% CAGR in terms of revenue, reach US$ 28100 million by 2023, from US$ 18300 million in 2017.
Global Brown Sugar Market: Key Players
Sudzucker
Tate & Lyle
Imperial Sugar
Nordic Sugar A/S
C&H Sugar
American Crystal Sugar
Cargill
Domino Sugar
Taikoo
Wholesome Sweeteners
Ganzhiyuan
Lotus Health Group
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Related Information:
United States Brown Sugar Market Research Report 2018
Europe Brown Sugar Market Research Report 2018
North America Brown Sugar Market Research Report 2018
Asia-Pacific Brown Sugar Market Research Report 2018
China Brown Sugar Market Research Report 2018
EMEA Brown Sugar Market Research Report 2018
Global Brown Sugar Market Research Report 2018
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