SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Brown Sugar - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 812
Companies: 92 - Players covered include C&H Sugar Company, Inc.; Cargill, Inc.; Imperial Sugar; Nordic Sugar A/S; Raizen Group; Suedzucker AG; Tate & Lyle PLC and Others.
Coverage: All major geographies and key segments
Segments: Application (Bakery, Confectionery, Beverages, Dairy, Pharmaceutical, Other Applications); Form (Granule Brown Sugar, Powder Brown Sugar, Syrup Brown Sugar); Product Type (Dark brown sugar, Light brown sugar)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Brown Sugar Market to Reach $30.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Brown Sugar estimated at US$20.6 Billion in the year 2020, is projected to reach a revised size of US$30.4 Billion by 2026, growing at a CAGR of 6.5% over the analysis period. Dark brown sugar, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$25.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Light brown sugar segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6 Billion in 2021, While China is Forecast to Reach $6.4 Billion by 2026
The Brown Sugar market in the U.S. is estimated at US$6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2026 trailing a CAGR of 9.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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