The Asia Pacific Brown Sugar Market would witness market growth of 13.4% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2679.08 Kilo Tonnes, showcasing a growth of 11.5% (2020-2023).
The bakery and confectionery segment represents one of the largest applications for this sugar. In this industry, this sugar is valued for its ability to enhance flavor, texture, and moisture retention in a variety of products. It is a critical ingredient in items like cookies, cakes, muffins, and pastries, where its molasses content provides a rich, caramelized taste and contributes to the desired browning during baking. Thus, the Bakery and Confectionery Segment in China market consumed 465.06 Kilo Tonnes in 2023.
The China market dominated the Asia Pacific Brown Sugar Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,523.5 Million by 2031. The Japan market is registering a CAGR of 12.6% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 14.1% during (2024 - 2031).
As clean label trends dominate the food and beverage industry, manufacturers increasingly turn to this sugar to meet consumer demand for transparency in ingredient sourcing. This sugar, typically less processed and retaining some natural minerals, fits well within the clean label movement. It also appeals to the growing segment of consumers seeking to avoid highly refined sugars and artificial additives.
This sugar is used in a variety of ways, offering numerous benefits in both culinary and industrial contexts. This sugar is used as a natural sweetener in place of refined sugars in cooking and beverages. It is often used in coffee, tea, and smoothies as an alternative to white sugar, giving beverages a richer flavour. In sauces and dressings, this sugar balances the acidity of vinegar and other ingredients.
India's increasing food processing industry is poised to significantly impact this market. With the Indian food processing industry projected to reach $535 billion by 2025, growing at a robust rate of 15.2%, the demand for key ingredients like this sugar is expected to rise substantially. This sugar is a fundamental component in many processed food products, including baked goods, snacks, confectionery, and beverages. In China, the alcohol industry, particularly the production of baijiu (a type of distilled spirit), is experiencing strong growth, with major alcohol companies registering double-digit growth in profits and revenue. In the first seven months of 2021, Chinese distilleries saw a 28.4% increase in profits, generating over $18 billion. In conclusion, the rise of the food processing industry in India and the expansion of the alcohol industry in China will likely contribute positively to this market in these countries.
Free Valuable Insights: The Global Brown Sugar Market is Predict to reach USD 53.6 Billion by 2031, at a CAGR of 12.9%
Based on Product Type, the market is segmented into Light Brown, and Dark Brown. Based on Application, the market is segmented into Bakery & Confectionery, Beverages, Dairy, and Other Applications. Based on Form, the market is segmented into Granules, Powder, and Other Forms. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Retailers, Online, and Other Distribution Channel. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Product Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Form (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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