Liquid Sugar Market Outlook
According to a new report by Expert Market Research titled “Global Liquid Sugar Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global liquid sugar market is projected to grow at a CAGR of 2.9% between 2023 and 2028. Aided by growing consumer demand for processed and baked goods and the growing beverages sector, the market is expected to grow significantly by 2028.
Liquid sugar, often termed as liquid sucrose, is essentially sugar that has been dissolved in water. This results in a clear, shelf-stable liquid that finds widespread application across several food and beverage products, predominantly in the manufacturing of drinks, confectioneries, and bakery items. Its benefits are manifold; it aids in achieving a smoother texture in confections, enhances moisture retention in baked products, and offers a consistent sweetness in beverages.
The convenience associated with the usage of liquid sugar drives the global liquid sugar market demand. Liquid sugar eliminates the need for the dissolution process, thus reducing the time and efforts involved in the production of food and beverage items. This characteristic is particularly cherished by large-scale manufacturers seeking to expedite their production processes and ensure product uniformity.
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Another factor driving the liquid sugar market growth is the expanding global beverages sector. With a growing populace turning towards ready-to-drink teas, coffees, and flavoured waters, manufacturers are recognising the potential of liquid sugar in maintaining beverages’ sweetness and flavour consistency, leading to its increased incorporation in drink formulations.
Moreover, increasing consumption of premium confectioneries and baked goods, which necessitate a smooth finish and enhanced shelf life, is one of the key liquid sugar market trends. Liquid sugar, due to its inherent properties, proves to be a prime ingredient in achieving these product specifications, consequently boosting its demand in these sectors.
The robustly growing food and beverages sector and the increasing demand for processed food products have stimulated the demand for liquid sugars. The rising consumer disposable income, ready-to-eat nature of processed and packaged products, and improving food processing capabilities support the market expansion.
Delving into the liquid sugar market analysis, it becomes pivotal to acknowledge the evolving consumer trends. With the growing awareness of health and wellness, there is an evident inclination towards reduced sugar products. Recognising this shift, manufacturers within the liquid sugar segment are innovating and introducing reduced-calorie and low-glycemic-index versions of liquid sugars, ensuring they cater to both traditional and health-conscious consumers.
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Liquid Sugar Market Segmentation
The market can be divided based on source, form, application, distribution channels, and region.
Market Breakup by Source
- Sugar Cane
- Beet Sugar
Market Breakup by Form
- Organic
- Conventional
Market Breakup by Application
- Confectionery
- Bakery
- Beverages
- Others
Market Breakup by Distribution Channels
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global liquid sugar market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nordzucker AG
- Sugar Australia Company Ltd
- Zukan S.L.U
- Cosan S.A.
- Lantic Inc.
- Shrijee Group
- Others
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