According to the latest research report by The Insight Partners Demerara Sugar Market the market was valued at US$ 7,305.88 million in 2019 and is projected to reach US$ 10,635.27 million by 2027; it is expected to grow at a CAGR of 4.9% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Growing Demand for Organic Demerara Sugar to Escalate Demerara Sugar Market Growth at 4.9% CAGR during 2020–2027
Compared to white sugar (96–98%), demerara sugar has a much lower sucrose concentration (88–93%). Demerara sugar contains essential minerals such manganese, magnesium, zinc, chromium, and cobalt. Demerara sugar is originally from Guyana in South America, but the majority of it that is currently on the market comes from Mauritius in Africa. Additionally, the growing use of demerara sugar in the food industry presents profitable potential for the major market competitors.
Demerara sugar is made from sugarcane and has large grains that give baking and other uses a sweet and crunchy texture. The majority of the time, it’s utilised as sprinkles to decorate cakes and muffins. Additionally, it can be added to tea and coffee. Demerara sugar naturally contains a little quantity of molasses, which gives it a light brown colour and caramel flavour. The demerara sugar market is divided into grocery stores, supermarkets or hypermarkets, distributors and wholesalers, internet retailers, and others based on the distribution channel. Distributors and wholesalers dominated the market in 2019.
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Impact of COVID-19 Pandemic on Demerara Sugar Market
In Wuhan (China), the COVID-19 epidemic was first noted in December 2019. India, Brazil, Russia, China, Italy, Iran, Spain, Republic of Korea, UK, France, Germany, and the United States are among the nations with the highest numbers of confirmed COVID-19 cases and recorded fatalities as of January 2021. The most recent WHO statistics show that 1,848,704 deaths worldwide and 84,474,195 confirmed cases worldwide. Due to lockdowns, travel restrictions, and company closures, the COVID-19 epidemic is significantly affecting economies and businesses in many different countries. One of the key businesses facing significant disruptions is the global food and beverage sector. Examples include supply chain failures, postponements of technology events, and workplace closures.
The market for Demerara Sugaris concentrated with some very well-established players. Some of the key players in the Demerara Sugar Market include
- Guyana Sugar Corporation Inc.
- Associated British Foods plc.
- Tereos Group
- LOC Industries
- Nordzucker AG
- Ragus Sugars Manufacturing Limited
- Sugar Australia Company Ltd
- Tate & Lyle
- Alteo Limited
- Rajshree Sugars & Chemicals Ltd
Demerara Sugar Market is Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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