Demerara Sugar Market Growth, Size, Share, Trends, and Forecast 2030

Demerara Sugar Market

Demerara Sugar Market By Type (Crystal and Syrup), By Application (Food, Drug, Drinks, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Food & Beverage Report Format : PDF Pages: 221 Report Code: ZMR-4613 Published Date: Jan-2024 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 6100 million USD 10100 million 5.7% 2022

Demerara Sugar Industry Prospective:

The global demerara sugar market size was evaluated at $6.1 billion in 2022 and is slated to hit $10.1 billion by the end of 2030 with a CAGR of nearly 5.7% between 2023 and 2030.

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Demerara Sugar Market: Overview

Demerara sugar is a kind of raw sugar cane that can be minimally processed along with retaining much of its natural molasses content. Moreover, it consists of large grain crystals that possess a golden color, along with a rich & caramel flavor. The name of the sugar is derived from the Demerara region in Guyana, where it was originally manufactured.

Reportedly, it comprises large grains imparting a sweet & crunchy texture to products during the baking process along with other food applications. Furthermore, the product is mainly utilized in the form of sprinkles for the decoration of cakes as well as muffins. For the record, the product is also mixed with coffee as well as tea.

Key Insights

  • As per the analysis shared by our research analyst, the global demerara sugar market is projected to expand annually at the annual growth rate of around 5.7% over the forecast timespan (2023-2030)
  • In terms of revenue, the global demerara sugar market size was evaluated at nearly $6.1 billion in 2022 and is expected to reach $10.1 billion by 2030.
  • The global demerara sugar market is anticipated to grow rapidly over the forecast timeline owing to growing consumer preference for high-quality food products.
  • In terms of type, the syrup segment is slated to register the highest CAGR over the analysis period.
  • Based on application, the food segment is projected to record a massive surge in the coming years.
  • Region-wise, the Asia-Pacific demerara sugar industry is expected to register the fastest CAGR during the projected timeline.

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Demerara Sugar Market: Growth Factors

Growing demand for artisanal & specialty foods to boost the global market trends

The escalating popularity of specialty & artisanal foods to scale up the demand for demerara sugar. Growing consumer preference for high-quality food products will steer the growth of the global demerara sugar market. New product launches are expected to steer the expansion of the global market. For instance, Rajshree Sugars & Chemicals Limited, a public limited firm, announced the introduction of Demerara sugar in the Southern part of India. Such strategic moves will boost the growth of the market in the Indian sub-continent and across the globe.

Moreover, demerara sugar is also produced in countries such as Barbados and Mauritius and this can expand the scope of growth for the global market. With the product utilized as a sweetener as well as a flavor enhancer in a slew of culinary applications, the market for demerara sugar is projected to gain traction in the upcoming years. For the record, the product is used for providing sweetness to hot drinks such as tea & coffee and also imparts sweetness to baked products such as pastries, cookies, and cakes. Reportedly, demerara sugar is also sprinkled on top of fruit, desserts, and cereals.

Demerara Sugar Market: Restraints

Surge in product costs can impede global industry expansion by 2030

The rise in product costs owing to supply chain disruptions can impede the expansion of the demerara sugar industry across the globe. Fluctuations in the raw material costs can further impact the growth of the global industry.

Demerara Sugar Market: Opportunities

Thriving foodservice sector will create new growth facets for the global market over the forecast period

Easy availability of products across various distribution channels is projected to open new growth opportunities for the global demerara sugar market. The product is less refined as compared to white sugar and is considered a healthy substitute among health-conscious customers, thereby generating new facets of growth for the global market. Rapidly expanding the foodservice sector will further steer the growth of the market globally.

Demerara Sugar Market: Challenges

Oscillation in prices can prove a huge challenge for the global industry expansion over 2023-2030

Price sensitivity and dynamic pricing of the product can prove to be a big challenge for the growth of the global demerara sugar industry.

Demerara Sugar Market: Segmentation

The global demerara sugar market is sectored into type, application, and region.                    

In terms of type, the global demerara sugar market is segregated into crystal and syrup segments. Furthermore, the syrup segment, which gained approximately 71% of the global market share in 2022, is expected to register the fastest CAGR in the period from 2023 to 2030. The growth of the segment during the forecast timespan can be ascribed to a humungous consumption of demerara sugar in the syrup form.

Based on the application, the global demerara sugar industry is sectored into food, drug, drinks, and other segments. Moreover, the food segment, which accrued the highest share of the global industry in 2022, is expected to lead the segment in the ensuing years. The segmental surge over the forecast period can be credited to the increasing use of products in specialty food items such as gourmet desserts, craft cocktails, and flavored cocktails as demerara sugar imparts distinct flavor & exceptional texture to food products.

Demerara Sugar Market: Report Scope

Report Attributes Report Details
Report Name Demerara Sugar Market
Market Size in 2022 USD 6.1 Billion
Market Forecast in 2030 USD 10.1 Billion
Growth Rate CAGR of 5.7%
Number of Pages 221
Key Companies Covered 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., Sugar Australia Company Ltd., and others.
Segments Covered By Type, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Demerara Sugar Market: Regional Insights

North America to establish its dominance in the global demerara sugar market over forecast the timespan

North America, which accumulated nearly 53% of the global demerara sugar market earnings in 2022, is projected to lead the regional market growth in the forecast timespan. Apart from this, the surge in the market growth in the North American sub-continent over the years ahead can be attributed to a rise in the consumption of artisanal diet and craft in countries such as Canada and the U.S. Surging awareness about health & wellness among individuals will further prompt the growth of the market in the region. The thriving food & beverages sector in the sub-continent will account lucratively for the regional market expansion in the years ahead. Escalating demand for high-quality products such as demerara sugar will steer the growth of the market in North America.

Asia-Pacific demerara sugar industry is predicted to record the fastest CAGR over the forecast timeline due to growing customer awareness about the nutritional contents and ingredients of the product as well as growing health consciousness among people of India, Japan, China, Singapore, South Korea, and Taiwan. Apart from this, an increase in the number of local product manufacturers and small businesses will further contribute to the regional industry size in the coming years.

Demerara Sugar Market: Competitive Space

The global demerara sugar market profiles key players such as:

  • 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.
  • Sugar Australia Company Ltd.

Moreover, the market is highly fragmented with many players capturing a lesser share of the global market and new entrants swiftly entering the market and posing a cut-throat competition to the existing players.

The global demerara sugar market is segmented as follows:

By Type

  • Crystal
  • Syrup

By Application

  • Food
  • Drug
  • Drinks
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Demerara sugar is a kind of raw sugar cane that can be minimally processed along with retaining much of its natural molasses content. Moreover, it consists of large grain crystals that possess a golden color, along with a rich & caramel flavor.        

The global demerara sugar market growth over forecast period can be owing to rise in the product usage as a sweetener as well as flavor enhancer in a slew of culinary applications.

According to a study, the global demerara sugar industry size was $6.1 billion in 2022 and is projected to reach $10.1 billion by the end of 2030.

The global demerara sugar market is anticipated to record a CAGR of nearly 5.7% from 2023 to 2030.

The Asia-Pacific demerara sugar industry is set to register the fastest CAGR over the forecasting timeline is owing to growing customer awareness about nutritional contents and ingredients of the product as well as growing health consciousness among people of India, Japan, China, Singapore, South Korea, and Taiwan. Apart from this, an increase in the number of local product manufacturers and small businesses will further contribute to the regional industry size in the coming years.    

The global demerara sugar market is led by players such as 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 report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.

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