Global demerara sugar market is anticipated to develop by around USD 1.75 Billion between 2019 and 2025, growing at around 4.8% CAGR.
The global Demerara sugar market is predicted to record a CAGR of nearly 4.8% over the forecast period. The report offers valuation and analysis of the Demerara sugar market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, sales estimates, opportunities, current & emerging trends, and industry-validated market figures. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
Key Growth Drivers
Escalating need for substitute finished food items, as well as massive demand for natural ingredients, will prompt the growth of the Demerara sugar industry over the forecast period. Furthermore, the key players are capturing large shelves in the retail stores to promote their brands along with offering discounts for the customers. Apart from this, the players are focusing on creating brand awareness among potential customers, thereby further expanding the market scope over the forecasting years.
Apparently, industry players are using points of difference and points of parity to enhance their brand image as well as the brand value of their products. Moreover, these players are expanding their product line along with the capacity to establish a dominant position in the market. Moreover, industry players are also focusing on efficient after-sales service to not only improve the reputation of their brands but to increase the sales potential of their products. All these aspects are likely to influence the growth of the Demerara sugar industry over the foreseeable future.
Europe To Dominate the Regional Landscape Over Forecast Timeline
The regional market growth over the forecast timeline is attributed to the use of Demerara sugar as one of the key components in the routine diet. Apart from this, prominent use of the product in bakery & processed food sectors is likely to spur the growth of the industry in the European continent. Apparently, the presence of a huge customer base for a healthy & natural diet in Europe will prompt the market expansion in the region.
Key players involved in the Demerara sugar business and profiled in the report include Florida Crystals Corporation, ASR Group., Guyana Sugar Corporation Inc., Billington’s Co., Raízen, Dhampure Speciality Sugars Ltd., Tereos Group, PGP Group, Mitr Phol Group, Associated British Foods plc., LOC Industries, Native Alimentos, Signatures of Asia Co., Ltd, Ragus Sugars Manufacturing Ltd., Nordic Sugar A/S, B.G. Reynolds Syrups, Inc., Rahul Sugar Products, Liber & Co., and Sugar Australia Company Ltd.
The global Demerara sugar market is segmented as follows:
By Distribution Channel