BROWN SUGAR MARKET ANALYSIS

Regional Analysis

Geographies Covered: Europe, North America, Asia Pacific, Latin America, Africa

• Europe was projected to dominate the market of brown sugar in 2016. According to the Environment Protection Agency, the EU sugar production is anticipated to increase up to 20 million tons in 2018 from 16.8 million tons in 2016. North America is accounted to have a burgeoning growth in the brown sugar market owing to the increasing demand from the food & beverages industry. According to The United States Department of Agriculture (USDA), the export of Canadian processed food & beverage products was about US$ 25.4 million in 2016, which was up by 6.6% as compared to 2015.
• Asia Pacific is witnessed to have significant growth in the brown sugar market, owing to growing sugar production and increasing inclination of consumers towards western food and beverage products. According to The Food and Agriculture Organization (FAO), China sugar production is anticipate to increase by 24% till 2020 to reach 13.6 metric tons. This increase is mainly concentrated in sugar beet and sugarcane yields. In numerous economies such as China, India, Australia, and others brown sugar has become a part of the diet among the people, which in turn is leading to the easy brown sugar incorporation in the local food & beverages industry. According to Food and Agriculture Organization (FAO), Thailand has been one of the major sugar exporter with 6 to 7 million tons of sugar exported annually, further contributing to the growth of this market in Asia Pacific region.
• Latin America and Africa are projected be the prominent markets of brown sugar over the forecast period. According to FAO, the African sugar output is anticipated to increase by 49% in 2024. Brazil is regarded as the major producer and supplier of sugar in Latin America and is driving growth of the brown sugar market of this region.