Global Liquid Sugar Market - Trends, Growth and Forecasts (2018 - 2023)
The liquid sugar market is expected to attain a CAGR of 2.7% during the forecast period (2018–2023). Liquid sugar offers manufacturers the desired process-ability, thus facilitating the entire production process, which is otherwise difficult to achieve using the granular form. Liquid sugar is a sweetening agent that is manufactured using water mixed with any kind of sugar. Sugar has been widely and extensively utilized by the food industry since a long time; however, manufacturers have recently started opting for liquid sugar due to its inherent advantages over the granular form. The industry is now equipped with a variety of liquid sugars – from liquid sucrose, invert sugar to refiners syrup for the specific functional requirements based on the final products.
Greater Process-ability and Consistency Drives the Market Growth
The liquid sugar market is driven by the ease of processing and batch-wise consistency that is achieved by employing liquid sugar. Food processors around the world have been demanding more of liquid sugar rather than the granular and powdered ones, as it leads to significant cost-cutting that is otherwise incurred in the equipment required for dissolving, filtering, and pasteurization. The other advantages of utilizing liquid sugar are: sugar loss minimization, specification-oriented high quality production, high consistency and uniformity, and high microbiological safety. However, the high transportation and distribution cost and health concerns associated with liquid sugar have been impending the growth of the market.
The global liquid sugar market is segmented based on type, application, and geography. On the basis of type, the liquid sugar market further comprises of liquid sucrose, fructose syrup, invert sugar syrup, mixed syrups, and others. The inverted sugar syrup segment is expected to grow at a faster rate comparatively due to its extensive application in non-alcoholic refreshing beverages.
On the basis of application, the liquid sugar market is segmented into beverages, bakery, confectionery, dairy, and others. The beverage market sub-segment is expected to register higher growth rate owing to the overall expansion of the beverage industry.
Asia-Pacific is expected to be the leader in the global liquid sugar market owing to the huge demand being witnessed from countries like India, which is one of the leading sugarcane producers. Also, the rapid growth of food industries in the emerging countries of Asia-Pacific in the backdrop of the overall improvement in economic condition and the sustained efforts from governments in the form of enabling policies and regulatory framework help the liquid sugar market to grow.
January 2018 - Tosla, a food start-up from Slovenia, has manufactured a liquid sugar that offers 30% sugar reduction, 10% lesser calories, double the fiber content, and 20% less cooking time.
Febrauary 2016 - US-based Cane Simple recently introduced the first individually packaged liquid sugar designed for single-serve consumer consumption.
The major players include - ANADOLU BIRLIK HOLDING, CSC SUGAR, RAFFINERIE TIRLEMONTOISEA, BUNDABERG SUGAR, TATE & LYLE, IMPERIAL SUGAR COMPANY, GALAM, NORDZUCKER GROUP, BOETTGER GRUPPE, SUGAR AUSTRALIA, WILMAR INTERNATIONAL, TOYO SUGAR REFINING CO. LTD., SUCROLIQ, amongst others.
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