The Brown Sugar Market is Predict to reach USD 53.6 Billion by 2031, at a CAGR of 16.9%

Brown Sugar Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Brown Sugar Market size is expected to reach $53.6 billion by 2031, rising at a market growth of 12.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 5472.24 Kilo Tonnes experiencing a growth of 10.7% (2020-2023).

The Light Brown segment captured the maximum revenue in the Global Brown Sugar Market by Product Type in 2023, thereby, achieving a market value of $32.9 billion by 2031. Light brown sugar is widely favored for its mild flavor and versatility in cooking and baking, making it a staple in many households and food industries. Its lighter color and subtle molasses flavor make it ideal for various recipes, from baked goods to savory dishes, where a hint of sweetness is desired without overpowering other flavors.

The Light Brown segment captured the maximum revenue in the Global Brown Sugar Market by Product Type in 2023, thereby, achieving a market value of $32.9 billion by 2031. Light brown sugar is widely favored for its mild flavor and versatility in cooking and baking, making it a staple in many households and food industries. Its lighter color and subtle molasses flavor make it ideal for various recipes, from baked goods to savory dishes, where a hint of sweetness is desired without overpowering other flavors.

The Bakery & Confectionery segment is experiencing a CAGR of 12.4 % during the forecast period. Brown sugar is a staple ingredient in the bakery and confectionery industry, prized for adding moisture, flavor, and color to various baked goods and sweet treats. Its rich, caramel-like taste enhances the flavor profiles of cakes, cookies, muffins, pastries, and candies. The natural molasses content in brown sugar also contributes to the desired texture and chewiness in baked items, making it indispensable for bakers and confectioners.

The Granules segment led the maximum revenue in the Global Brown Sugar Market by Form in 2023, thereby, achieving a market value of $38.9 billion by 2031. Granulated brown sugar is popular among consumers due to its ease of use, versatility, and convenience. The granular form makes it easy to measure and incorporate into various recipes, from baking and cooking to sweetening beverages.

The Hypermarkets & Supermarkets segment is growing at a CAGR of 12.4 % during the forecast period. These retail channels are highly popular among consumers due to their convenience, wide product variety, and competitive pricing. Hypermarkets and supermarkets provide a one-stop shopping experience where customers can find multiple brands and types of brown sugar, from granulated to powdered forms, catering to different culinary needs.

Full Report: https://www.kbvresearch.com/brown-sugar-market/

The Asia Pacific region dominated the Global Brown Sugar Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $19.9 billion by 2031. The North America region is anticipated to grow at a CAGR of 12.2% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 12.7% during (2024 - 2031).

List of Key Companies Profiled

• Cargill, Incorporated
• Tate & Lyle PLC
• Wilmar International Limited
• Associated British Foods PLC (Wittington Investments Limited)
• American International Foods, Inc.
• Südzucker AG
• Ragus Sugars Manufacturing limited
• Louis Dreyfus Company B.V.
• Organic Tattva

Brown Sugar Market Report Segmentation

By Product Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Light Brown
• Dark Brown

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Bakery & Confectionery
• Beverages
• Dairy
• Other Applications

By Form (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Granules
• Powder
• Other Forms

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Hypermarkets & Supermarkets
• Specialty Retailers
• Online
• Other Distribution Channel

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Brown Sugar Market Size Industry Share | 2031

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LAMEA Brown Sugar Market Size & Share Analysis Report 2031

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Europe Brown Sugar Market Size, Share & Forecast | 2031

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Asia Pacific Brown Sugar Market Size, Share | Forecast 2031

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