According to the latest report by IMARC Group, titled, “Brown Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global brown sugar market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Report Highlights:
How big is the brown sugar market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 18.5 Billion |
| Market Forecast in 2028 | US$ 32.1 Billion |
| Growth rate (2023 to 2028) | CAGR of 9.3% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is brown sugar?
Brown sugar refers to a sweetener utilized in culinary applications, derived by incorporating molasses, a residue from sugar refining, into white sugar. The molasses infusion imparts the characteristic brown hue and slightly adhesive consistency to brown sugar. The depth of color and intensity of flavor in brown sugar depend on the quantity of molasses added. With its delightful caramel-like taste, brown sugar is commonly employed in dessert recipes, sauces, glazes, and marinades. Compared to white sugar, brown sugar possesses higher moisture content, resulting in a softer and more clumpy texture that can influence the outcome of baked goods. Consequently, it is in widespread use across the globe. Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/brown-sugar-market/requestsampleWhat are the growth prospects and trends in the brown sugar industry?
The brown sugar market is primarily driven by the increasing consumer preference for natural and unrefined sweeteners as a healthier alternative to artificial options. Moreover, the elevating awareness about the multiple benefits of brown sugar, such as minimal processing and improved retention of natural minerals and nutrients through the presence of molasses, is acting as another significant growth-inducing factor. Besides this, the emerging trend of home baking and cooking that has heightened the demand for specialty ingredients that impart a unique flavor and texture to culinary creations is also positively influencing the global market. Additionally, the growing health-consciousness among consumers that has contributed to the popularity of brown sugar, owing to its perceived advantages over white sugar and its slightly higher mineral content, is further stimulating the market growth. Apart from this, the expanding influence of global cuisines and their associated recipes, particularly in ethnic dishes that rely on the distinct flavor and color provided by brown sugar, is expected to propel the market in the coming years.What is included in market segmentation?
The report has segmented the market into the following categories: Breakup by Product Type:- Light Brown
- Dark Brown
- Powder
- Granules
- Others
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Retailers
- Online Retailer
- Others
- Bakery and Confectionery
- Beverages
- Dairy
- Others
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:- American Crystal Sugar Company
- American Sugar Refining Inc.
- Cargill Incorporated
- Imperial Sugar Company
- Mehrotra Consumer Products Pvt. Ltd.
- Nordzucker AG
- Sudzucker AG
- Sunshine Sugar
- Taikoo Sugar Limited (Swire Pacific Limited)
- Wholesome Sweeteners Inc. (Whole Earth Brands)