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(ARABNEWSWIRE.COM, May 28, 2018 ) Overview
Brown sugar is a variant of sugar in which some syrup exists. In typical white sugar, syrup is removed utterly. However, some syrup within the sugar makes it cheaper and in addition makes it alimentary, as a syrup it is healthier for the body than plain sugar. The light sugar has around 3.5% of syrup by weight. The dark sugar has around 6.5% of syrup and yields deeper color and flavors. India is one amongst the world’s largest producer of sugar cane and is a lucrative market for brown sugar.
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The global Brown Sugar Market is estimated to have a value of USD 16.7 billion in 2016. With a CAGR of 7.4%, the market size is expected to grow rapidly to cross USD 23.86 billion by 2021. There has been a substantial growth of the food and beverages trade in urban areas in recent times. The demand for beverages, specifically, has accrued dramatically because of the growing demand from urban areas and is the major factor driving the revenue of the market.
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Drivers and Restraints
The demand for beverages, specifically, has received an effort in the arm because of the rising demand from urban areas, where sugared beverages have become more and more in style, and is probably going to stay a key driver for the Brown Sugar Market in the returning years. The rising demand for energy drinks and fruit-based or fruit-flavored beverages is probably going to stay a key driver for the sugar market, because the syrup content of sugar and its brown color typically found normal use in households as table sugar.
As per Germany Trade and Invest, in 2015, Germany led the Brown Sugar Market and a family consumption of 62.4 kg was observed, and that is the highest among all the nations in Europe. A high utilization of sugar for the manufacture of bread is projected in this region.
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Europe was projected to dominate the market for sugar in 2016. As per the surroundings Protection Agency, the EU sugar production is anticipated to extend up to 20 million tons in 2018 from 6.8 million tons in 2013. North America is projected to possess a burgeoning growth within the Brown Sugar Market because of the increasing demand for the food & beverages trade.
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