Demerara Sugar Market Forecasts to 2028 – Global Analysis By Nature (Organic, Conventional), Type (Crystalized, Syrup), End User (Beverages, Alcoholic, Bakery, Frozen Desserts & Confectionery) and By Geography
According to Stratistics MRC, the Global Demerara Sugar Market is accounted for $7,656.56 million in 2020 and is expected to reach $12,959.97 million by 2028 growing at a CAGR of 6.8% during the forecast period. Increasing application of demerara sugar in baking applications and growing consumer awareness regarding the health benefits of demerara sugar are the major factors propelling the market growth. However, the availability of substitutes is hampering market growth.
Demerara sugar is derived from sugarcane and includes large grains that offer a sweet and crunchy texture in baking and other applications. It is mainly utilized as sprinkles for decorating cakes and muffins. It can also be added to coffee and tea. A small amount of molasses is naturally found in Demerara sugar, which gives it a light brown color and caramel taste.
Based on the nature, the conventional segment holds the largest share in the market. The conventional form of farming technique is widely adopted among the farmers to obtain higher yield and availability of product at low cost. The technique runs in favour of the producers and cultivators as the yields are high in comparison to cost.
By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the consumption of demerara sugar in various baked products, supplements, and beverages. The easy availability of raw materials for the production of demerara sugar further bolsters the market growth in this region.
Some of the key players profiled in the Demerara Sugar Market include Alteo Limited, ASR Group, Associated British Foods plc., Dhampure Speciality Sugars Ltd, Florida Crystals Corporation, Guyana Sugar Corporation Inc., LOC Industries, Inc., Mitr Phul Group, Nordzucker AG, Rahul Sugar Products, Raízen, Rajshree Sugars & Chemicals Ltd, Signatures of Asia Co., Ltd, Tate & Lyle, and Tereos Group.
Estimated Market Size in 2020:
USD 7,656.56 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 12,959.97 million
Tables, Graphs & Figures
Nature, Distribution Channel, Type, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Distribution Channels Covered:
• Direct Sales Channels
• Indirect Sales Channels
End Users Covered:
• Pharmaceuticals and Nutraceuticals
• Frozen Desserts & Confectionery
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Demerara Sugar Market is majorly driven by the growing application of demerara sugar in baking applications and rising consumer awareness regarding the health benefits of demerara sugar.
The indirect sales channels segment is growing at the highest CAGR due to the increased use of computers, mobile phones, and laptops, as it has helped in the growth of digital channels to strength and volume.
Europe dominated with a significant market share due to its early initiation of demerara sugar which is a prime ingredient in traditional cuisines.
Asia Pacific market is growing at the highest CAGR due to the rapid urbanization and penetration of organized retails.
Key players in Demerara Sugar Market include Alteo Limited, ASR Group, Associated British Foods plc, Dhampure Speciality Sugars Ltd, Florida Crystals Corporation, Guyana Sugar Corporation Inc., LOC Industries, Inc., Mitr Phul Group, Nordzucker AG, Rahul Sugar Products, Raízen, Rajshree Sugars & Chemicals Ltd, Signatures of Asia Co., Ltd, Tate & Lyle, and Tereos Group.
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