Brown Sugar Market To Touch US$26.5 bn by 2022
The global brown sugar market is fragmented, thanks to the presence of a massive pool
of large, small, and unorganized vendors due low entry barriers, states a new report by
Transparency Market Research (TMR). Suem Do Brasil Embadagen Ltda, Thipphawan
Sugar, Shree Renuka Sugars Ltd., Copersucar S.A., Billington’s, India Tree Inc., Cargill
Inc., and Eliora Internacional Ltda are some of the key vendors of brown sugar across
the world. With continual entry of new players, the competition within this market will
remain rising over the next few years, states the research report.
According to the research report, the global brown sugar market stood at US$18.30 bn
in 2017. Rising at a CAGR of 71.70% over the period from 2017 to 2022, the market is
anticipated to reach US$26.5 bn by the end of the period of the forecast. The bakery
industry has surfaced as the key application area of brown sugar across the world.
Researchers expect this trend to remain so over the next few years, notes the market
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Asia Pacific to Dominate Global Brown Sugar Market
In terms of the geography, the global market for brown sugar has been segmented into
North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe in
this research study. Asia Pacific has been leading the global market and is anticipated to
remain on the top over the next few years, states the research report.
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Increasing Demand for Bakery Products to Benefits Global Brown Sugar Market
“The rising demand for bakery products in urban areas is likely to be a major driver for
the global brown sugar market,