Liquid Sugar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 2.90 % |
| Fastest Growing Market | South East Asia |
| Largest Market | Asia |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Liquid Sugar Market Analysis
The Liquid Sugar Market is expected to register a CAGR of 2.9% during the forecast period.
The increasing demand for convenience and processed food such as ready-to-eat foods, ready-to-drink beverages, snacks, bakery, confectionery, and others is one of the significant factors driving the liquid sugar market growth. The rise in urbanization, growing middle-class population, and increase in working women are other considerable factors boosting the market growth. With the rise in disposable income, the developed and developing regions across the globe are witnessing a rising demand for processed and packaged food, which utilize liquid sugar in their products due to the ease of dissolution and stability in various processed food products.
Additionally, the demand for liquid sugar is increasing owing to its robust applications and its ease in the consistency in production processes, such as dissolving, filtering, and other processes, which are difficult to achieve using the granular or powder form. The other advantages of liquid sugar are minimized sugar loss, specification-oriented high-quality production, high consistency and uniformity, and high microbiological safety. For instance, Cargill Inc. offers liquid sucrose, which has applications in canned and bottled products, dairy products, soft drinks, processed foods, confectionery, and bakery products.
Furthermore, clean-label products are perceived to be healthier as they contain easy-to-recognize ingredients, such as those sourced or derived from plants. They are free from artificial ingredients or synthetic chemicals, thus appealing to most consumers. Consumers recognize clean labels as wholesome ingredients, thus pushing food & beverage manufacturers to look for alternatives like organic and clean-label liquid sugar ingredients. Even certain natural ingredients are becoming unacceptable in some products to meet the consumers鈥� quest for a clean-label product.
However, high transportation and distribution costs and health concerns associated with liquid sugar are expected to impede the growth of the liquid sugar market during the forecast period.
Liquid Sugar Market Trends
Escalating Demand for Organic Variants
The demand for organic liquid sugar has increased recently, as it is found to be rich in polyphenols, has potent phytonutrients with antioxidant capabilities, and is fortified with vitamins, minerals, and amino acids that aid in the metabolism of fat and the development of muscles. Due to the rising trend of vegan and organic product consumption, the demand for organic ingredients is also increasing. Additionally, organic liquid sugar is becoming more popular in developing countries like India, as it is the largest sugar producer, and people there are seeking healthier alternatives. Furthermore, organic liquid sugar is used in most Ayurvedic medications and potions, which has helped establish India as a center for alternative medicine. Furthermore, the rising inclination of consumers towards free-from food products and the increasing number of consumers constantly paying attention to food labels is boosting the demand for free-from ingredients. 鈥婩or instance, in August 2022, Raizen and ASR Group collaborated to provide certified non-GMO cane sugar options in the market. The partnership aims to create a sustainable, fully traceable, and non-GMO-certified raw cane sugar supply chain. The initiative aims to ensure a reliable supply of non-GMO cane sugar for processors and consumers globally.
Asia-Pacific Currently Holds the Largest Market Share
Asia-Pacific is expected to be the leader in the liquid sugar market, owing to the considerable demand witnessed by countries like India, China, and Australia. Moreover, the rapid growth of food industries in the emerging nations of Asia-Pacific, in the backdrop of the overall improvement in the economic conditions and the sustained efforts from governments by enabling policies and regulatory frameworks, helped in the growth of the liquid sugar market. Liquid sugar imparts specific properties in baked goods, such as holding moisture and maintaining freshness, unique flavor, and pasteurization. Thus, the bakery and confectionery sector witnessed an upsurge in liquid sugar usage owing to the abovementioned properties. Furthermore, liquid sugar helps control the crystallization of sugar in candy and prevents the formation of ice crystals in frozen desserts, increasing its demand in the bakery sector. Other factors boosting the demand for liquid sugar over crystal sugar include consistent quality and specification-oriented quality, high microbiological stability of the sugar, no investment in equipment for dissolving, filtering, and pasteurization of liquid sugar, unlike crystal sugar, and minimized sugar loss.
In addition, domestic and international players are engaged in frequent product launches or offerings, further boosting market growth. For instance, the Boettger Group offers liquid sugar and claims to be a beneficial element in any situation where liquid sugar is preferable to crystal sugar since it eliminates the expensive and time-consuming need to dissolve the crystals and spreads sucrose rapidly and effectively throughout the product. As a result, it is a well-liked option in the drinks, OTC, and gourmet food industries.
Liquid Sugar Industry Overview
The market for liquid sugar is fragmented, owing to the presence of prominent regional and domestic players in different countries. Leading players such as Tate & Lyle PLC, Nordzucker AG, and Sugar Australia Company Ltd, among others, have adopted product launch and expansion as the most preferred strategy in the global liquid sugar market, followed by mergers, acquisitions, and partnerships. Due to the experience and expertise of these leading companies in the ingredient segment, these top players can focus on developing new products. Similarly, companies are using food ingredients in various product applications to increase their functionality which is well understood in the industry, and players are adapting to these shifts through constant innovation to develop products tailored to specific needs.
Liquid Sugar Market Leaders
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Tate & Lyle PLC
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Nordzucker AG
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Sugar Australia Company Ltd
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Zuk谩n S.L.U.
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The Boettger Group
*Disclaimer: Major Players sorted in no particular order
Liquid Sugar Market News
- January 2024: North Carolina-based Elo Life Systems closed a USD 20.5 million Series A2 round to accelerate the development of a natural high-intensity sweetener and Cavendish bananas engineered to resist the devastating Fusarium wilt fungal disease (TR4). The company aims to introduce a liquid sweetener from watermelon juice by 2026 and powdered sweeteners from sugar beets by 2027.
- September 2022: Archer Daniels Midland Company opened its first science and technology center in China. This center was opened for technology, innovation, and product development in the nutrition and health industry.
- August 2022: the National Sugar Institute of Kanpur launched sugar syrup from jowar stem. The sugar syrup has been prepared after three years of research and tastes like honey, per the institution. Further, it is claimed that the syrup has a significant amount of sucrose and fructose equivalent to honey.
Liquid Sugar Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Demand for Organic Variants
4.1.2 Thriving Food and Beverage Industry
4.2 Market Restraints
4.2.1 Sugar Under Scrutiny with New Taxes and Label Regulations
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Origin
5.1.1 Organic
5.1.2 Conventional
5.2 Application
5.2.1 Bakery
5.2.2 Confectionery
5.2.3 Beverages
5.2.4 Baby Foods
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Boettger Gruppe
6.3.2 Tate & Lyle PLC
6.3.3 Nordzucker AG
6.3.4 Sugar Australia Company Ltd
6.3.5 Zukan S.L.U.
6.3.6 Cargill Incorporated
6.3.7 Archer Daniels Midland Company
6.3.8 Galam Group
6.3.9 Toyo Sugar Refining Co. Ltd
6.3.10 Sucroliq S.A.P.I DE C.V.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Liquid Sugar Industry Segmentation
Liquid sugar is primarily granulated sugar dissolved in water in a certain water-to-sugar ratio. It mainly finds its application in beverages and bakery products, among others.
The liquid sugar market is segmented by origin, application, and geography. By origin, the market is segmented into organic liquid sugar and conventional liquid sugar. By application, the market is segmented into bakery, confectionery, beverages, baby foods, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The report offers the market size in value terms in USD for all the abovementioned segments.
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Liquid Sugar Market Research FAQs
What is the current Liquid Sugar Market size?
The Liquid Sugar Market is projected to register a CAGR of 2.9% during the forecast period (2024-2029)
Who are the key players in Liquid Sugar Market?
Tate & Lyle PLC, Nordzucker AG, Sugar Australia Company Ltd, Zuk谩n S.L.U. and The Boettger Group are the major companies operating in the Liquid Sugar Market.
Which is the fastest growing region in Liquid Sugar Market?
South East Asia is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Liquid Sugar Market?
In 2024, the Asia accounts for the largest market share in Liquid Sugar Market.
What years does this Liquid Sugar Market cover?
The report covers the Liquid Sugar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Liquid Sugar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Liquid Sugar Industry Report
Statistics for the 2024 Liquid Sugar market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Liquid Sugar analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
