A comprehensive overview of the global brown sugar market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the brown sugar market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global brown sugar market at regional and country levels. The global brown sugar market expected to grow at a CAGR of around 10% during the forecast period (2021-2027).
Market Overview
Brown sugar market is growing at a significant rate and expected to witness increasing demand in the coming years. It is mainly owing to the major factor such as growing food and beverage industry and bakery sector owing to the augmenting popularity of bakery items in urban areas coupled with natural hygroscopic property imparted by the presence of molasses are positively the market size of brown sugar. Also, rising demand for energy drinks and fruit-based or fruit-flavored beverages is likely to remain a key driver for the brown sugar market.
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Moreover, brown sugar is directly produced from cane juice or during the procedure of refine sugar. Brown sugar helps in improving blood flow and platelet creations. Brown sugar has more supplements worth such as calcium, potassium, iron, magnesium than convectional white sugar.
COVID-19 Impact
The coronavirus pandemic declared as public health emergency worldwide by World Health Organization (WHO). The brown sugar demand was disrupted across the countries due to the closure of industrial and commercial sector. The lockdown across various nations had stopped the functioning of restaurants, hotels, lounges, bakeries which reduced the demand for brown sugar.
Moreover, patients with diabetes were at high risk of getting infected during the Pandemic. Hence, consumers were maintaining their blood sugar levels and controlling sugar intake which has also significantly impacted the market size of brown sugar market. In addition, end-user industries such as cosmetic industry, food and beverage industry, bakery and others were also negatively influenced by the Coronavirus due to the disruption in supply chain, manufacturing and production process were stopped. As industries were working in low-capacity workforce which reduce efficiency and quantity of the product. Also, government-imposed import and export restrictions owing to the travelling ban. Hence, impacted the industry outlook.
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Global brown sugar market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into:
· Dark
· Light
Based on type, the brown sugar market is classified into dark and light. The dark segment catered significant demand in brown sugar market. The expanding bakery industry worldwide is the principal consumer for brown sugar which is positively influencing the adoption of dark brown sugar. Also, dark brown sugar contains 6% molasses by weight, giving it a slightly stronger flavor.
By Distribution Channel the market is primarily bifurcated into:
· Hypermarket/Supermarket
· Convenience Store
· Specialty Store
· Online
· Others
Based on distribution channel, the brown sugar market is classified into hypermarkets/supermarkets, convenience store, specialty store, online and others. The hypermarkets/supermarkets segment caters significant share in the brown sugar market. It is mainly owing to easy availability of the product coupled with availability of wide range and variety of brown sugar positively influence consumer choices.
Global Brown sugar Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, Spain, Italy, France, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of World
Based on the estimation, Asia Pacific holds the extensive market share owing to the growing sugar production and increasing inclination of consumers towards western food and beverage products.
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The major players targeting the market includes:
· Sudzucker
· Tate & Lyle
· Imperial Sugar
· Nordic Sugar A/S
· C&H Sugar
· American Crystal Sugar
· Cargill
· Domino Sugar
· Taikoo
· ASR Groups
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global brown sugar market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global brown sugar market?
· Which factors are influencing global brown sugar market over the forecast period?
· What are the global challenges, threats, and risks in the global brown sugar market?
· Which factors are propelling and restraining the global brown sugar market?
· What are the demanding global regions of the global brown sugar market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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