Global Brown Sugar market will reach 34585.17 million US$ by the end of 2025
Published Date: 2019/5/14
The Brown Sugar industry was 18335.66 million USD in 2017 and is projected to reach 34585.17 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 8.26% between 2017 and 2025. The market is driven by various end-user industries, such as bakery, beverages, preservations, confectionery, ice cream & dairy, non-food applications and so on.
The brown sugar market is forecasted to grow in upcoming years due to its market drivers like cost, competitive product segment and easy to manufacture. The huge shift of food and beverage industry towards natural and organic food and ingredient production makes a strong growth base for the brown sugar market.
The market for Brown Sugar is highly fragmented with lots of players. The key players are Sudzucker, Tate & Lyle, Imperial Sugar, Nordic Sugar A/S, C&H Sugar, American Crystal Sugar, Cargill, Domino Sugar, Taikoo, Wholesome Sweeteners, Ganzhiyuan, Lotus Health Group, etc.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
A critical factor for growth in Asia region is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. China is anticipated to lead growth of the Asia Pacific market over the next six years.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Marketing: sales@qyresearchglobal.com
Media Contact: press@qyresearch.com
评论
发表评论