The global liquid sugar market is estimated to rise at a 7.1% compound annual growth rate (CAGR), reaching a valuation of roughly USD 130.3 million by 2032, up from its 2022 worth of US$ 65.9 million.
A meal cannot have flavor or be satisfying without sugar. However, consuming it could lead to weight gain, diabetes, obesity, and problems with cholesterol. Using liquid sugar solves this problem by reducing the sweetness of the food, adding a distinctive flavor, and boosting sales of liquid sugar.
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The increased need for moderate sugars is boosting the demand for liquid sugar. The technique of producing traditional sugar is more complicated than that of liquid sugar. This is another factor contributing to the growth of the liquid sugar sector. Furthermore, an increase in the number of hotel facilities, dining places, and coffee shops is boosting its expansion. Liquid sugar requires less pasteurisation and filtering. Furthermore, liquid sugar is employed in cosmetics for a variety of applications.
Liquid sugar is becoming increasingly popular in the baking industry because it reduces the formation of ice crystals in frozen desserts and regulates sugar crystallisation in sweets. Two further factors increasing demand for liquid sugar over crystal sugar are consistency and specification-oriented quality. Other advantages include great microbiological stability, no need to invest in pasteurisation, filtering, or dissolving equipment, and minimal sugar loss.
In addition, consumers’ tastes are changing to include a wider range of flavors in food products and a desire for high-fiber, low-calorie options. Big companies are also trying to expand their global reach through partnerships, mergers, acquisitions, and the release of cutting-edge products with the least amount of sugar. This is helping to drive the demand for liquid sugar worldwide.
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Key Takeaways from Market Study
- The market is segmented based on source, wherein sugarcane is anticipated to account for around 56.7% of the market share over the forecast period, increasing the sales of liquid sugar in the global market.
- The North American liquid sugar market is expected to witness a lucrative growth rate of 5.6% during the forecast period.
- East Asia is inferred to account for 19.2% of the global liquid sugar consumption through 2032.
- Liquid sugar application in the food industry is expected to hold a liquid sugar market share of over 23.5% in the forecast period
“Key manufacturers are coming up with new products to their portfolios so that consumers can become more familiar with them. For the expansion of their firms, they are choosing solid strategies. They are concentrating on product branding and positioning. To expand their global influence, they are leveraging consumer pleasure as a viable way. These are the variables that are propelling the liquid sugar market forward.” says a Future Market Insights analyst.
Competitive Landscape
Market participants are always pursuing joint ventures, mergers and acquisitions, and other strategic efforts. Major corporations in fast-growing regions such as East Asia and South Asia are also striving to broaden their product lines to get a competitive advantage over their rivals.
Furthermore, a confectionery and bakery shortfall caused by a major demand-supply mismatch is projected to stifle market growth. However, a range of challenges and health issues associated with its use have limited the market for liquid sugar.
- Nord Zucker AG has introduced its liquid solutions based on pure saccharose and water that have applications in the food industry such as drinks, marmalades, cordials, pickle, jams and preserves. This fuels the demand for liquid sugar in new markets.
- Cargill Incorporated and its liquid sucrose solution with an application range of soft drinks, processed foods, confectionery and baking, increasing the sales of liquid sugar globally.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global liquid sugar market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on liquid sugar market source (sugar cane and beet), nature (organic and conventional), application (confectionery, bakery, processed food, frozen desserts, dairy products, and others) & Region across seven major regions of the world.
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