PUBLISHER: KBV Research | PRODUCT CODE: 1599409
PUBLISHER: KBV Research | PRODUCT CODE: 1599409
The Latin America, Middle East and Africa Brown Sugar Market would witness market growth of 14.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 493.28 Kilo Tonnes, showcasing a growth of 12.5% (2024-2031).
This sugar is increasingly used in the beverage industry as a natural sweetener, especially in specialty drinks like bubble tea, craft cocktails, and coffee beverages. The molasses in this sugar provides a richer, more complex sweetness compared to white sugar, which enhances the flavor profile of drinks. In bubble tea, for instance, dark brown sugar syrup is a popular choice for coating tapioca pearls, giving them a distinct caramel-like flavor. Thus, the Beverages Segment in Brazil market consumed 30.20 kilo Tonnes in 2023.
The Brazil market dominated the LAMEA Brown Sugar Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,147.7 Million by 2031. The Argentina market is showcasing a CAGR of 15.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 13.5% during (2024 - 2031).
This sugar is a key component in the preparation of glazes for meats such as ham, chicken, and pork. The molasses in this sugar caramelizes when heated, creating a flavourful coating for grilled or roasted meats. It is also commonly used in barbecue sauces, where it adds sweetness and helps balance spicy flavours.
Several key trends shaping consumer preferences and market dynamics influence this market. As consumer awareness of food ingredients grows, demand for organic and non-GMO brown sugar increases. Organic brown sugar is produced without synthetic pesticides or fertilizers, appealing to health-conscious consumers. The demand for such products is particularly high in the United States and Europe, where organic food markets have experienced rapid growth.
Brazil's booming e-commerce sector will likely positively impact this market. With the e-commerce industry anticipated to surpass US$200 billion by 2026, the demand for packaged food products, including those containing this sugar, will grow. As online retail continues to expand, more consumers will have access to various processed foods and sweeteners, contributing to the increased demand for this sugar in Brazil's market. In Saudi Arabia, the growing food manufacturing and processing sector presents a significant opportunity for this market. With total investments in the sector projected to reach $70 billion by 2030, an increase of 59% over 2016, the demand for key ingredients like this sugar is expected to rise. As the food processing sector expands, more processed foods, beverages, and confectioneries requiring this sugar will be produced, driving increased consumption and imports of sugar. In conclusion, the rising e-commerce sector and the increasing food processing industry are driving 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA 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)