Report : Europe Demerara Sugar Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Nature (Organic and Conventional), End-user Industry (Food, Pharmaceuticals and Nutraceuticals, Beverages, and Others), Distribution Channel (Grocery Stores, Supermarkets or Hypermarkets, Distributors and Wholesalers, Online Retailers, and Others)
Conventional Segment to Dominate Europe Demerara Sugar Market during 2019–2027
According to a new market research study on “Europe Demerara Sugar Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast – by Nature, End User Industry, Distribution Channel and Country,” is expected to reach US$ 3,690.44 million by 2027 from US$ 2,512.00 Mn in 2019. The market is estimated to grow at a CAGR of 5.0% from 2020 to 2027. The report provides trends prevailing in the Europe demerara sugar market along with the drivers and restraints pertaining to the market growth. An upsurge in usage of demerara sugar in baking applications and incrementing consumer awareness regarding the health benefits of demerara sugar are the major factors driving the growth of the Europe demerara sugar market. However, widespread availability of substitutes may hinder the growth of Europe demerara sugar market.
In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of the food & beverages producing activities; other food & beverages products manufacturing sector has subsequently impacted the demand for demerara sugar during the early months of 2020. Moreover, decline in the overall production activities has led to discontinuation of the food & beverages projects, thereby reducing the demand for demerara sugar. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
The market for Europe demerara sugar is segmented into nature, end user industry, distribution channel and country. Based on nature, the market is segmented into organic and conventional. In 2019, the conventional segment held the largest share in Europe demerara sugar market. Based on end user industry, the Europe demerara sugar is divided into food, pharmaceuticals and nutraceuticals, beverages and others. The others segment is expected to be the fastest growing segment over the forecast period. Based on distribution channel, the Europe demerara sugar is divided into grocery stores, supermarkets or hypermarkets, distributors and wholesalers, online retailers, and others. Furthermore, in this present scenario of COVID 19 pandemic, the Europe demerara sugar market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the European countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for demerara sugar.
Guyana Sugar Corporation Inc., Associated British Foods plc, Tereos Group, Nordzucker AG, Ragus Sugars Manufacturing Limited and Tate & Lyle are some of the leading companies in the Europe demerara sugar market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Europe Demerara Sugar market as follows:Europe Demerara Sugar Market – By Nature
- Pharmaceuticals and Nutraceuticals
- Grocery Stores
- Supermarkets or Hypermarkets
- Distributors and Wholesalers
- Online Retailers
- Rest of Europe
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