According to the report by Expert Market Research (EMR), the liquid sugar market share is projected to grow at a CAGR of 2.9% between 2024 and 2032. The market is driven by the increasing demand for convenience foods and beverages, the rising trend of clean-label products, and the growing preference for natural sweeteners.
Liquid sugar, also known as liquid sucrose or inverted sugar syrup, is a liquid form of sugar that is widely used in the food and beverage sector. It is produced by dissolving sugar crystals in water and heating the solution to create a clear, viscous liquid. Liquid sugar is commonly used as a sweetener in various products, including soft drinks, dairy products, confectionery, and baked goods.
One of the key drivers of the liquid sugar market growth is the increasing demand for convenience foods and beverages. Liquid sugar is easy to use and mix, making it a convenient choice for manufacturers of processed foods and beverages. The busy lifestyles of consumers and the growing demand for on-the-go food and beverage products are driving the demand for liquid sugar.
Moreover, the rising trend of clean-label products is also driving the liquid sugar market demand. Liquid sugar is perceived as a natural and wholesome sweetener, compared to artificial sweeteners like high-fructose corn syrup (HFCS). Consumers are increasingly seeking products with clean-label ingredients, leading to a higher demand for liquid sugar in the food and beverage sector.
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Additionally, the growing preference for natural sweeteners is also driving the growth of the liquid sugar market. Liquid sugar is made from natural sugar cane or sugar beet, making it a preferred choice for consumers looking for natural and healthier alternatives to refined sugar. The growing awareness of the health risks associated with excessive sugar consumption is driving consumers to choose natural sweeteners like liquid sugar.
As per the liquid sugar market analysis, the confectionery sector is projected to dominate the market share. The presence of granular sugar crystals can impact the quality of confectioneries, chocolates, and other goods. As a result, manufacturers are progressively turning to liquid sugar as a solution. Liquid sugar effectively prevents crystallisation and helps retain moisture, making it a popular choice for a range of culinary products like cake filling, confectionery, and frosting.
Regionally, North America dominates the liquid sugar market share. The region’s strong presence in the food and beverage sector, coupled with the high consumption of processed foods and beverages, is driving the demand for liquid sugar. However, the market in Asia-Pacific is also witnessing significant growth, driven by the increasing adoption of Western dietary patterns and the growing demand for convenience foods and beverages in the region.
Market Segmentation
The market can be divided based on the 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 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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FAQs
- What is liquid sugar, and how is it produced? Liquid sugar, also known as liquid sucrose or inverted sugar syrup, is produced by dissolving sugar crystals in water and heating the solution until a clear, viscous liquid is formed. It is commonly used as a sweetener in various food and beverage products.
- Why is the liquid sugar market experiencing growth? The growth of the liquid sugar market is primarily driven by the increasing demand for convenience foods and beverages, the rising trend of clean-label products, and the growing preference for natural sweeteners.
- Which sector is expected to dominate the liquid sugar market? The confectionery sector is projected to dominate the liquid sugar market. Liquid sugar is particularly valued in this sector for its ability to prevent crystallisation and help retain moisture in products like cake fillings and frostings.
- What are the primary benefits of using liquid sugar in food and beverage manufacturing? Liquid sugar is easy to mix and use, making it a convenient choice for manufacturers. It enhances product quality by preventing crystallisation and maintaining moisture, which is especially important in the confectionery and baking industries.
- How does consumer preference for clean-label products impact the liquid sugar market? Consumers increasingly seek products with clean-label ingredients, which has led to higher demand for natural and wholesome sweeteners like liquid sugar over artificial sweeteners such as high-fructose corn syrup.
- What are the major types of liquid sugar available in the market? The main types of liquid sugar are derived from sugar cane and beet sugar. These can be further categorized into organic and conventional forms, depending on the production methods and handling.
- Which regions are leading in liquid sugar consumption, and why? North America dominates the liquid sugar market due to its strong presence in the food and beverage industry and high consumption of processed foods. However, Asia-Pacific is witnessing significant growth due to increasing adoption of Western dietary patterns and rising demand for convenience foods.
- Who are the major players in the global liquid sugar market? Some key companies in the global liquid sugar market include Nordzucker AG, Sugar Australia Company Ltd, Zukan S.L.U, Cosan S.A., Lantic Inc., and Shrijee Group. These companies are noted for their market share, investments, and strategic developments in the industry.