The global liquid sugar market is set to witness growth at a CAGR of 7.1% and is anticipated to reach a valuation of around USD 130.3 Mn by 2032 while it is valued at USD 65.9 Mn in 2022.
A food must contain sugar to be flavorful and delicious. However, it can cause problems with cholesterol, diabetes, obesity, and weight gain if consumed. Liquid sugar is utilised to address this problem by reducing the sweetness of the food while simultaneously adding a distinctive flavour, hence boosting liquid sugar sales.
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The demand for liquid sugar is being fueled by an increase in the desire for mild sugars. When compared to liquid sugar, the manufacturing procedure for conventional sugar is more complicated. Another factor for the growth of the liquid sugar business is this. In addition, an increase in the number of hotels, restaurants, and cafés is assisting in its expansion. In addition, liquid sugar requires less filtering and pasteurization. In addition, liquid sugar is employed in cosmetics for a variety of reasons.
Liquid sugar also helps to avoid ice crystal formation in frozen desserts and control sugar crystallisation in sweets, making it increasingly popular in the bakery industry. Consistent quality and specification-oriented quality are two more factors increasing demand for liquid sugar over crystal sugar, great microbiological stability, no investment in equipment for dissolving, filtration, or pasteurization of liquid sugar, and minimal sugar loss.
Furthermore, customer preferences are evolving toward a greater variety of flavors in food goods, as well as a demand for low-calorie, high-fiber options. Major firms are also working on launching innovative products with the least amount of sugar, partnership, merger activity, and acquisitions to extend their global reach, fueling the demand for liquid sugar globally.
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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.
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- 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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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