Liquid Sugar Market Size to Grow at a CAGR of 2.9% in the Forecast Period of 2023-2028
The ‘Global Liquid Sugar Market Price, share, Size, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global liquid sugar market, assessing the market on the basis of its segments like source, form, application, distribution channels, and major regions.
Liquid Sugar Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2023-2028)
• Forecast CAGR (2023-2028): 2.9%
The surge in the consumption of beverages and confectionaries has increased the demand for the liquid sugar market. The easy and effective dissolving capabilities of liquid sugar in food products such as ice cream, and confectionery products such as toffee without the utilisation of specialised dissolution, filtering, and pasteurisation equipment provides liquid sugar with a competitive advantage over crystal sugars.
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Moreover, the advantages of utilising liquid sugar include minimised sugar loss, improved consistency and uniformity, high-quality production, and enhanced microbiological safety.
Liquid sugar contains fewer calories than sugar crystals and is much sweeter, thus, a small amount can be used to achieve the same results as compared to powdered and crystal sugar. It is anticipated that the demand for low-calorie sugar will be aiding the growth of the liquid sugar market. Additionally, the rising awareness of the harmful effects of artificial sweeteners such as higher risk of heart disease is expected to aid the global market’s growth.
Liquid Sugar Market Segmentation
Liquid sugar is a solution that is made by the dissolution of white or brown sugar in water. It is primarily made using refined cane or beet sucrose. Liquid sugar is more sweet than regular white sugar and is commonly used in making confectionery and beverages.
On the basis of source, the market is bifurcated into:
• Sugar Cane
• Beet Sugar
Based on form, the market is segmented into:
• Organic
• Conventional
On the basis of application, the market is divided into:
• Confectionery
• Bakery
• Beverage
• Others
Based on distribution channels, the market is classified into:
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Stores
On the basis of region, the market is categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Liquid Sugar Market Trends
Regionally, the Asia Pacific is expected to dominate the global liquid sugar market over the forecast period. The increasing demand for liquid sugar from the food and beverage sector in the region is primarily driving the demand. The growing expenditure on the consumption of ready-to-drink beverages and packaged bakery and confectionery products in projected to support the demand. Additionally, the market growth is further aided by the easy availability of raw materials in the region. Sugarcane is a major crop utilised in the production of sugar in the Asia Pacific and India and China are major producers of sugarcane.
Meanwhile, North America is projected to witness significant growth over the forecast period aided by an increasing demand for bakery products and carbonated drinks in the region. Additionally, key market players in the region are engaged in innovation and product launches to strengthen their market position.
Key Market Players
The major players in the global liquid sugar market report include Nordzucker AG, Sugar Australia Company Ltd, Zukan S.L.U, Cosan S.A., Lantic Inc., and Shrijee Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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