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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An increase in the desire for moderate sugars is driving the need for liquid sugar. The process of making conventional sugar is more involved than that of liquid sugar. This is another reason contributing to the expansion of the liquid sugar industry. Moreover, a rise in the quantity of lodging facilities, dining establishments, and coffee shops is contributing to its growth. Liquid sugar also requires less pasteurization and filtering. Furthermore, liquid sugar is used in cosmetics for a number of purposes.
Liquid sugar is becoming more and more common in the baking sector since it prevents the production of ice crystals in frozen desserts and regulates the crystallization of sugar in sweets. Two further criteria that are driving up demand for liquid sugar over crystal sugar are consistency and specification-oriented quality. further factors include exceptional microbiological stability, no need to invest in equipment for pasteurization, filtering, or dissolving liquid sugar, and minimum 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.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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