People across the globe are nowadays more inclined towards experimenting and are more open towards tasting new flavors and recopies. This factor has boosted growth in global food and beverages industry. Due to these factors, there is a rise in demand for brown sugar. The demand for brown sugar is growing gradually due to its high nutritional value and low cost. The demand of brown sugar is high in the food and beverages industry, this will further boosts growth on the global brown sugar market. In urban areas the demand for sweetened beverages has grown rapidly, which is also considered a key factor driving demand in the global brown sugar market.
Moreover, growing demand for energy drinks and fruit-based flavored beverages in both developed and developing regions is also fueling growth in the global brown sugar market. Another significant factor driving demand in this market is developments taking place bakery industry. Growing preference for baked food that requires brown sugar at a large amount is also surging growth in this market. As there are many growth drivers augmenting demand for brown sugar, this market is expected to grow at a healthy rate in coming years. According to a market research company, the global brown sugar market is expected to rise at 7.7% CAGR by the end of 2022. In terms of valuation, the market is likely to attain US$ 26.5 bn between 2017 and 2022.
Developing Regions Showing High Demand for Brown Sugar
As compared to developed regions, the demand for brown sugar is high in developing regions in Asia Pacific. In various countries, demand for molasses and brown sugar has been high as it is a traditional part in daily dietary pattern. China, India, and Thailand are few countries where the demand for brown sugar is comparatively high than others. Moreover, development taking place in the food and beverages industry in these regions is also playing a significant role in expand the global brown sugar market.
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