Top Companies in Brown Sugar Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Brown Sugar Market is expected to reach USD 31.2 billion by 2030 at a CAGR of 8.3% over the forecast period 2023-2030.
Vantage Market Research has recently published a new report on the "Brown Sugar Market" Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in Brown Sugar Market. The key statistics in the report highlight that Global Brown Sugar Market was valued at USD 17.9 Billion in 2022 and is expected to reach USD 31.2 billion by 2030 at a CAGR of 8.3% over the forecast period 2023-2030. The global Brown Sugar Market will continue to expand due to increased demand from end users, consumer preference, and an increase in awareness of health.
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The Global Brown Sugar Market is dominated by well-known players like Südzucker AG (Germany), Wilmar International Ltd. (Singapore), Cargill Inc. (U.S.), DS Group (India), American Crystal Sugar Company (U.S.), Michigan Sugar Company (U.S.), American Sugar Refinery Inc. (U.S.), Sunshine Sugar (South Africa), Tate & Lyle PLC (U.K.), Taikoo Sugar Ltd. (China), and others.
Let's Take a Look at the Top Market Players that are Captivating the Brown Sugar Market
- Südzucker AG (Germany)
Südzucker AG is headquartered in Germany and is the world's largest sugar producer, with an annual production of approximately 4.8 million tons. They are an integrated business group providing plant-based solutions for food, energy, and other applications. The companies of the Südzucker Group offer sugar varieties - whether for baking, preserving, cooking, or sweetening food and drinks. In the initial three quarters of the financial year 2022/23, Südzucker AG generated combined group revenues of 7106 million euros.
- Wilmar International Ltd. (Singapore)
Wilmar International Ltd. is a leading agribusiness company based in Singapore. The company was founded in 1991 and has since grown to become one of the world's largest palm oil and edible oil producers. Wilmar International operates in over 50 countries and has a diversified business portfolio that includes oilseeds and grains, oleochemicals and biodiesel, sugar, and other consumer products. The brown sugar market is one of Wilmar International's key business segments. The company produces brown sugar from sugarcane grown in its plantations and sourced from local farmers. Wilmar International markets its brown sugar under the name "Emperor" in Asia, Europe, and the United States. In addition to its brown sugar business, Wilmar International also operates in the white sugar market, which produces and distributes refined sugar. The company's sugar business is significant in Asia, where it owns and operates sugar refineries in Indonesia, Vietnam, and Myanmar.
- Cargill Inc. (U.S.)
Cargill Inc. is an agribusiness headquartered in the U.S., providing products and services in the food, financial, agricultural, industrial, and risk management industries. Cargill Inc. is the nation's fastest-growing sugar retailer, able to deliver sugar to customers throughout the U.S. Cargill Golden Brown Sugar is 100% Louisiana-grown pure cane sugar combined with molasses with no added coatings, colors, or flavors. Cargill Inc. announced that its fiscal revenue 2022 jumped 23% from a year earlier to a record $165 billion.
- DS Group (India)
DS Group is a diversified business conglomerate headquartered in Delhi, India. The company is in various sectors, such as food and beverages, hospitality, mouth fresheners, and packaging. DS group was founded in 1929 and is currently led by Chairman and Managing Director Ravinder Kumar. One significant product that DS Group manufactures and markets is brown sugar. DS Group's brown sugar is made from high-quality sugarcane and has a rich, creamy flavor that makes it ideal for baking and adding flavor to drinks and desserts. In addition, the company offers various packaging options for brown sugar, including bulk packs and small pouches, to cater to institutional and retail consumers. DS Group has a strong presence in India's brown sugar market and a leading market share. The company has a vast distribution network, including a robust supply chain and sales team, enabling it to reach consumers nationwide. DS Group also offers brown sugar under its own brand, available in various supermarkets and grocery stores.
- American Crystal Sugar Company (U.S.)
American Crystal Sugar Company is an agricultural cooperative that produces sugar and related agricultural products. American Crystal Sugar Company processes sugar beets into all-natural sugar; agricultural products such as molasses; sugar beet pulp; and other by-products of the molasses desaccharification process, such as betaine and concentrated separated by-product (CSB). They employ about 1,400 full-time employees and about 900 hourly seasonal employees, and many other contract workers. American Crystal Sugar’s peak revenue was $1.5B in 2022.
- Michigan Sugar Company (U.S.)
Michigan Sugar Company is a leading sugar processing company based in Bay City, Michigan. Established in 1906, the company has grown over the years to become one of the largest sugar producers in the United States. Michigan Sugar Company primarily produces granulated and powdered white sugar but has a significant presence in the brown sugar market. The company offers a range of brown sugar products, including dark and light brown sugar and specialty blends for various applications like baking, cooking, and beverage sweetening. In addition to its sugar processing operations, Michigan Sugar Company is known for its commitment to sustainable agriculture and environmental stewardship. The company operates its farms and works closely with local growers to promote sustainable farming practices and protect the environment.
- American Sugar Refinery Inc. (U.S.)
American Sugar Refining, Inc. is a sugar refining company with a million tons of sugar production capacity. In addition, they produce various consumer, industrial, catering, and specialty sweeteners. As the world's largest processor & marketer of cane sugar, they sell their brand products in all major channels, including industrial, grocery, and online food service and specialty products. ASR employs 5,000 people worldwide and generates $500 million in annual revenue.
- Sunshine Sugar (South Africa)
Sunshine Sugar is a well-established sugar trading company headquartered in South Africa that has been trading in the brown sugar market since 1994. Their golden-brown sugar, with its mild molasses flavor, natural brown color, moisture, and aromatic flavor, is the perfect baking ingredient. Sunshine Sugar has a turnover of over $200 million, employs more than 600 direct and 600 indirect employees, and employs about 600 farmers.
- Tate & Lyle PLC (U.K.)
Tate and Lyle PLC is a global supplier of food and beverage products to the industrial market. The company was originally a sugar refinery containing crystalline fructose, sucralose, sweeteners, starch, corn syrup, dextrose, glucose, and animal feed. The company's products are used in beverages, dairy, bakery and snacks, soups, sauces and dressings, confectionery, personal care, feed pharmaceuticals, and other industries. As of 31 March 2022, Tate and Lyle's turnover from continuing operations was £1.4 billion.
- Taikoo Sugar Ltd. (China)
Taikoo Sugar Limited is headquartered in Hong Kong. The company's field of activity is wholesale daily consumer goods and related products. The company markets premium sugar products, tea, coffee, salt, and pepper to the retail, restaurant, and industrial markets in Hong Kong and mainland China, with three packaging plants. Taikoo Sugar also has an established export business and markets branded sugar products in Southeast Asia, the Middle East, and North America. Taikoo Sugar's fiscal profit was HK$15 million in 2022 and HK$16 million in 2021.
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