Demerara Sugar Market to Sweeten Culinary Creations with a CAGR of 4.3% by 2030
According to a new report published by MarkWide Research, titled, “Demerara Sugar Market,” the global market for Demerara sugar is expected to experience steady growth. Demerara sugar, with its distinct flavor and larger crystals, is a favorite among consumers and chefs for various culinary applications.
The report reveals that the global Demerara sugar market is projected to witness a CAGR of 4.3% over the forecast period from 2023 to 2030. This growth is driven by the increasing demand for natural and unrefined sugar alternatives, the popularity of specialty coffee and beverages, and the use of Demerara sugar in baking and confectionery.
Key Findings from the Report:
- Natural Sweetener: Demerara sugar is minimally processed and retains more of its natural molasses content, giving it a unique flavor profile.
- Baking and Cooking: It is widely used in baking recipes, sauces, and marinades to add a rich, caramelized taste.
- Specialty Coffee: Demerara sugar complements specialty coffee and tea, enhancing the flavor and aroma.
- Consumer Preference: The trend toward natural and less refined sweeteners aligns with the demand for Demerara sugar.
- Global Availability: Demerara sugar is produced in various regions, contributing to its availability worldwide.
Market Forecast:
The report indicates that the global Demerara sugar market is currently valued at $1.1 billion in 2023 and is projected to reach $1.6 billion by 2030, with a CAGR of 4.3% during the forecast period. North America and Europe are expected to be key regions for market growth, driven by culinary trends.
Company Profiles:
Key players in the global Demerara sugar market include ASR Group, Tereos S.A., and Dangote Group. These companies specialize in the production and distribution of Demerara sugar products.
Conclusion:
The global Demerara sugar market is set for steady growth, driven by its unique flavor profile and versatility in culinary applications. With a projected CAGR of 4.3% by 2030, this market offers opportunities for sugar producers to cater to consumer preferences for natural and unrefined sweeteners.