Liquid Sugar Market: Global Industry Analysis And Forecast (2023-2029)

Liquid Sugar Market size was valued at US$ 54.47 Mn. in 2022 and the total revenue is expected to grow at 2.9% through 2023 to 2029, reaching nearly US$ 66.54 Mn.
Liquid Sugar Market Overview:
Liquid sugar is a sweetening ingredient that is frequently substituted for regular sugar. It's made by combining water with primarily white or occasionally brown sugar. Liquid sugar made commercially is generally utilised in households or seen in restaurants. Liquid sugars are increasingly being utilised in restaurants to create tea and coffee. Liquid sugar is not only a good substitute for regular sugar; one advantage of liquid sugar over regular sugar is that it is much sweeter; only a small amount of liquid sugar is required to achieve a satisfactory level of sweetness.To know about the Research Methodology :- Request Free Sample Report
Liquid Sugar Market Dynamics:
Increased demand for liquid sugar from the food and beverage sector is one of the key reasons projected to propel the global liquid sugar market forward. Furthermore, rising consumer preference for low-calorie sugar, rising disposable income, and efficient distribution methods are likely to drive up demand for liquid sugar. Furthermore, the capacity to extend the shelf life of baked goods, as well as excellent consistency and homogeneity, are projected to propel the liquid sugar industry forward. Additionally, Liquid sugar is gaining popularity due to its hygienic properties, ease of use for customers, and ability to help reduce production losses. The carbonated beverage, candy, and marmelade sectors, in particular, are in high demand.

Manufacturers throughout the world are increasingly seeking liquid sugar over powdered and granular sugar, as it allows them to save money on equipment for filtering, melting, and pasteurisation, according to a recent trend identified in the target market. Consumer preferences are evolving toward a variety of flavours in food goods, as well as a demand for low-calorie, high-fiber products. Major firms are also working on launching innovative products with the least amount of sugar, partnership and merger activity, and acquisitions to extend their global reach.

However, rising raw material prices, supply chain and demand, and transportation costs may stymie the global liquid sugar market's growth in the near future.

In baking and confectionery items, there is a growing demand for liquid sugar.

Liquid sugar gives baked goods features like moisture retention and freshness, pasteurisation, and a distinctive flavour. Furthermore, liquid sugar aids in the control of sugar crystallisation in candies and the prevention of ice crystal formation in frozen desserts, enhancing its demand in the bakery sector. Furthermore, the global liquid sugar market is expected to be driven by increased government initiatives to expand sugar farming, which is a primary raw material for the manufacture of liquid sugar. Liquid sugar also reduces labour costs and the time it takes to filter regular sugar, boosting demand and growth.

COVID-19 Impact on Liquid Sugar Market:

The threat posed by the new coronavirus (COVID-19) has recently had a negative impact on sugar industry stakeholders. As a result, integrated industries around the world are confronting a variety of issues, including production and transportation. The epidemic has had a negative impact on the sugar industry's entire value chain, including sugarcane, sugar, molasses, ethanol, and their subsequent marketing and export. Due to the lockout, the industry is seeing lower offtake from related industries such as beverage and other FMCG companies. Because the industries were shut down to prevent the spread of the coronavirus, demand for sugar fell, and sugar prices rose. According to an article published in Sugar Asia magazine, sugar consumption is estimated to drop to 25 million tonnes from the prior forecast of 26 million tonnes. They also stated that sugar production declined by 22.0 percent in the first six months of the sugar season, from October 2019 to March 2020, compared to the previous year.
Liquid Sugar Market Segment Analysis:
The global Liquid Sugar Market is segmented by Form, Source and Application.

Based on Source, the global Liquid Sugar market is sub-segmented into Cane and Beet. The Sugar Cane segment held the largest market share of xx% in 2022 and it is expected to grow at a highest CAGR of 5.3% during the forecast period. Sugarcane sugar is superior to beet sugar because of the abundance of sugarcane available, as well as other features such as better flavour and caramelization. Sugarcane sugar is superior to beet sugar because of the abundance of sugarcane available, as well as other features such as better flavour and caramelization. Sugarcane sugar is superior to beet sugar because of the abundance of sugarcane available, as well as other features such as better flavour and caramelization.

Based on Application, the global liquid sugar market is sub-segmented into Confectionary, Bakery, Beverages and Other (Dairy Processed Food, Frozen Food). The global confectionery market is a dominating segment and was valued at US$ 218.29 billion in 2022, and it is projected to reach US$ 281.50 billion by 2029, registering a CAGR of 3.7% during the forecast period. The chocolate segment accounted for the highest confectionery market share in 2022.

The Bakery segment held the 2nd largest market share of xx% in 2022. The global bakery products market extended a value of almost US$ 506.38 billion in the year 2022. The bakery products industry is further expected to grow at a CAGR of 2.4% between 2022 and 2029 to reach a value of almost US$ 574.06 billion by 2029.
Liquid Sugar Market Regional Insights:
Asia Pacific dominate the global Liquid Sugar Market during the forecast period 2023-2029. Asia Pacific held the largest market share of xx% in 2022. Due to the massive demand seen in countries such as India and Australia, Asia-Pacific is likely to lead the liquid sugar market. Furthermore, the rapid growth of food sectors in Asia-rising Pacific's countries, together with improved economic conditions and continued government efforts through favourable policies and regulatory frameworks, contribute to the growth of the liquid sugar market. Furthermore, regional and domestic competitors are launching new products on a regular basis, fueling market expansion. For example, in 2022, Whole Earth Sweetener Company released Stevia & Monk Fruit Liquid Sweetener, a keto-friendly product.

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Liquid Sugar Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 54.47 Mn.


Forecast Period 2023 to 2029 CAGR:
2.9%
Market Size in 2029:
US $ 66.54 Mn.


 Segments Covered:
by Form
Organic
Conventional


by Source
Cane
Beet


by Application
Confectionary
Bakery
Beverages
Other (Dairy Processed Food, Frozen Food)



Liquid Sugar Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Liquid Sugar Market Key Players are:
1. Boettger Gruppe
2. Tate & Lyle PLC
3. Nordzucker AG
4. Sugar Australia Company Ltd
5. Zukán S.L.U.
6. Banah,
7. Südzucker
8. Maui Brand Sugars
9. Natural Raw Liquid Sugar
10.Eye kandy
11.Da vinci gourmet and Monin
12.Cargill Incorporated
13.Archer Daniel Midland
14.Raizen SA
15.Sucroliq S.A.P.I DE C.V.
16.Toyo Sugar Refining Co. Ltd
17.Galam Group
18.CSC Sugar LLC
19.Wilmar International
20.Raffinerie Tirlemontoiseâ†
21.Imperial Sugar Company
Frequently Asked Questions:
1] What segments are covered in global Liquid Sugar Market report?
Ans. The segments covered in liquid sugar Market report are based on Form, Source and Application.

2] Which region is expected to hold the highest share in the global Liquid Sugar Market?
Ans. Asia Pacific is expected to hold the highest share in the global liquid sugar Market.

3] What is the market size of global Liquid Sugar Market by 2029?
Ans. The market size of global liquid sugar Market by 2029 is US $ 66.54 Mn.

4] Who are the top key players in the global Liquid Sugar Market?
Ans. Boettger Gruppe, Tate & Lyle PLC, Nordzucker AG, Sugar Australia Company Ltd and Zukán S.L.U. are the top key players in the global liquid sugar Market.

5] What was the market size of global Liquid Sugar Market in 2022?
Ans. The market size of global liquid sugar Market in 2022 was US $ 54.47 Mn.

6] By Source, What segments are covered in global Liquid Sugar Market report?
Ans. The segments covered in global liquid sugar Market report by source are Cane and Beet.