Asia Pacific Demerara Sugar Market
The Asia Pacific demerara sugar market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Factors such as increasing the use of demerara sugar by residential consumers and the HORECA sector is driving the demand in the Asia-Pacific region. Over the years, the manufacturing spending towards the developments of food, beverage, and industry has grown significantly and is further expected to grow at a high rate. Rising foreign direct investments also lead to economic growth in the region. India, Japan, and China are amongst the major markets for demerara sugars in the Asia Pacific region. Multiple leading players actively operating in the demerara sugar market of Asia-Pacific are venturing into the manufacturing of these products to capitalize on the growing popularity of demerara sugar across the region. Endorsement of new products, as well as the launch of multiple new chains by celebrities & popular personalities, are further causing a rise in the demand for demerara sugar products in this region.
In case of COVID-19, in Asia Pacific, especially India, 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 Asia Pacific countries, i.e., Japan, China and Australia. 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.
Strategic insights for the Asia Pacific Demerara Sugar provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,490.33 Million |
| Market Size by 2027 | US$ 2,212.14 Million |
| Global CAGR (2020 - 2027) | 5.2 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Nature
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Demerara Sugar refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The demerara sugar market in Asia Pacific is expected to grow from US$ 1,490.33 million in 2019 to US$ 2,212.14 million by 2027; it is estimated to grow at a CAGR of 5.2 % from 2020 to 2027. Organic demerara sugar is high in demand among consumers with health-consciousness. Unlike brown sugar, which has the added taste of molasses, Demerara has a natural caramel-like flavor that has not been processed. It has a lot of wonderful vitamins and minerals. The organic form of sugar is cultivated without the incorporation of fertilizers, insects, disease control, and cultivars. Currently, the demand for organic demerara sugar is rising rapidly among western nations due to the growing trend of a healthy lifestyle. The importance of organic farming has been understood in the wake of alarming health issues caused by harmful synthetic additives and chemicals. Organic demerara sugar includes large grains that are also crunchy through cooking, making it a perfect choice of sprinkled topping for many baked goods. It's also perfect for some baking, dishes like cakes, cookies, crumbs, and it's also good to add to tea or coffee. Organic demerara sugar is healthy and has various applications in such as application in pies, cake, pastry, and the chefs also use it for making cookies, cocktails, and shortbread. Besides this, organic demerara sugar help in boosting heart health, brain health, skin, and also less fattening than other sugars. The growing population demanding more healthy food options, along with rising disposable income, has fueled the demand for organic forms of demerara sugar.
Based on nature, the conventional segment held a larger market share of the Asia Pacific demerara sugar market in 2019. Based on end user industry, the food segment held a larger market share of the Asia Pacific demerara sugar market in 2019. Based on distribution channel, the distributors and wholesalers segment accounted for the largest share of the Asia Pacific demerara sugar market in 2019. Conventional farming is one of the most practiced farming methods which involves use of fertilizers, pesticides and other chemical compounds. The conventional form of farming technique is widely adopted among the farmers in order to obtain higher yield and availability of product at low cost. The technique runs in favor of the producers and cultivators as the yields are high in comparison to cost. Moreover, the lack of knowledge among farmers towards health benefits associated with the organic farming have promoted the growth of the segment. For instance, in the year 2017 in Turkey, almost 63% of farmers adopted conventional agriculture to produce demerara sugar and 37% of them opted organic agriculture. However, there are several disadvantages related to this method. Demerara sugar produced by conventional method may contain less nutrients. The conventional method involves the use of chemical fertilizers and pesticides. Further it also involves health and environmental hazards as it involves the release of pollutants to the environment.
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific demerara sugar market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are include Associated British Foods plc; Tereos Group; Nordzucker AG; Sugar Australia Company Ltd.; Tate & Lyle and Rajshree Sugars & Chemicals Ltd.
The Asia Pacific Demerara Sugar Market is valued at US$ 1,490.33 Million in 2019, it is projected to reach US$ 2,212.14 Million by 2027.
As per our report Asia Pacific Demerara Sugar Market, the market size is valued at US$ 1,490.33 Million in 2019, projecting it to reach US$ 2,212.14 Million by 2027. This translates to a CAGR of approximately 5.2 % during the forecast period.
The Asia Pacific Demerara Sugar Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Demerara Sugar Market report:
The Asia Pacific Demerara Sugar Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Demerara Sugar Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Demerara Sugar Market value chain can benefit from the information contained in a comprehensive market report.
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