PUBLISHER: KBV Research | PRODUCT CODE: 1599406
PUBLISHER: KBV Research | PRODUCT CODE: 1599406
The North America Brown Sugar Market would witness market growth of 12.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1086.20 Kilo Tonnes, showcasing a growth of 9.7% (2020-2023).
Light brown sugar is a variety of this sugar characterized by its lighter hue and subtle molasses flavor. It typically contains around 3.5% molasses, giving it a mild caramel-like sweetness that complements various recipes without overpowering the dish. Due to its lower molasses content, it has a softer texture and dissolves more easily in liquids, making it a popular choice for recipes requiring a delicate balance of sweetness and moisture. Thus, the Light Brown segment in US market consumed 736.95 Kilo Tonnes in 2023.
The US market dominated the North America Brown Sugar Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,915 Million by 2031. The Canada market is experiencing a CAGR of 14.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 13.7% during (2024 - 2031).
This sugar, often associated with a richer, more robust flavor than its white counterpart, is an unrefined or partially refined sugar that retains its molasses content. This unique characteristic imparts a distinct color, flavor, and aroma to foods and beverages, making it a preferred choice in various culinary applications.
This sugar adds sweetness and texture to candies, chocolates, and other confectionery products. Its molasses content helps create chewy and dense textures, making it ideal for products like toffee and caramel. This sugar is used to sweeten both alcoholic and non-alcoholic beverages. For instance, it is a key ingredient in rum-based cocktails, adding a depth of flavor that complements the spirit.
Canada and Mexico's food and beverage processing industries have grown substantially, creating significant opportunities for ingredients like this sugar. As per the Government of Canada, the food and beverage processing industry was the largest manufacturing sector in Canada in 2022, with production valued at $156.5 billion. Exports of processed food and beverages reached a record $54.3 billion, accounting for 34.7% of the production value. This growing demand for processed food products, including those containing this sugar, has positively impacted this market in Canada and abroad. Thus, the rising food and beverage sector drives the market's growth.
Based on Product Type, the market is segmented into Light Brown, and Dark Brown. Based on Application, the market is segmented into Bakery & Confectionery, Beverages, Dairy, and Other Applications. Based on Form, the market is segmented into Granules, Powder, and Other Forms. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Retailers, Online, and Other Distribution Channel. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America Brown Sugar Market Report Segmentation
By Product Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Form (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)