(Entertainment-NewsWire.com, August 30, 2018 ) Brown sugar additionally referred to as tender sugar is a granulated white sugar combined with natural cane molasses. The not unusual brown sugar is created from sugar cane or beet. The molasses quantity decides the shade of the sugar in mild or dark brown. The mild brown sugar has round 3.5% of molasses by weight and the darkish brown sugar has round 6.5% of molasses and yields deeper color and flavoring. Brown Sugar is a sucrose sugar product which has an exclusive brown coloration because of the presence of molasses.
The global Brown Sugar market turned into really worth USD 19.26 billion in 2018 and anticipated to be growing at a CAGR of 7.4%, to attain USD 27.52 billion by 2023.
Drivers and Restraints:
One of the primary drivers for the global brown sugar market is increase in the consumption of food and beverage enterprise in urban areas in latest years. The demand for drinks especially has acquired a shot within the arm due to the increasing demand for urban regions, where sweetened beverages are getting an increasing number of famous, and is in all likelihood to stay a key driving factor for the brown sugar market within the coming years.
However, increasing inclination of consumers towards sugar free products and increasing health concerns such as heart diseases, diabetes, obesity, and others are likely to restrain the growth of the market.
Geographically, the worldwide Brown sugar market is split based totally on geography into North America, Latin America, Asia-Pacific, the Middle East and Africa and Europe. Asia Pacific except Japan is possible to remain the main contributor to the worldwide brown sugar market over the coming years. The place accounted for more than 33% of the worldwide brown sugar market in 2017 and is possible to remain relevant to the worldwide brown sugar marketplace figures over the coming years despite a fall in market percentage.
Some of the leading competitors of the market include AkzoNobel NV, Masco Corporation, Hempel A/S, Jotun A/S, The Valspar Corporation, Axalta Coating Systems Ltd., Nippon Paint Holding Co. Ltd., BASF SE, and PPG Industries Inc.
Scope of the report
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