The specialty sugars market size has grown steadily in recent years. It will grow from $38.78 billion in 2023 to $40.65 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth observed in the historical period can be attributed to several factors, increasing health and wellness trends, expansion within the food and beverage industry, rising engagement in home baking and cooking activities, growth in disposable income levels, and a rising demand for specialty sugars.
The specialty sugars market size is expected to see steady growth in the next few years. It will grow to $49.18 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period can be attributed to several key factors, increasing demand for healthier alternatives, a surge in the popularity of new flavors, rising consumer interest in bakery products, growth within the packaged food industry, and increasing demand for convenient, ready-to-eat foods. Major trends expected during this period include the introduction of organic and natural products, the expansion of e-commerce channels, a focus on sustainability and ethical sourcing practices, growing consumer interest in gourmet and artisanal foods, and the development of innovative and creative product offerings.
The specialty sugar market is poised for growth driven by increasing demand for bakery products. These products, encompassing a wide array of sweet and savory baked goods, rely on specialty sugars to enhance flavor, texture, and appearance. Consumer preferences shifting towards convenience foods, expanding retail availability, and a desire for indulgent culinary experiences contribute to this trend. Specialty sugars play a crucial role in meeting these preferences by offering natural and premium ingredients that elevate the quality of bakery goods.
Major players in the specialty sugar sector are innovating with rare sugars, providing low-cost and healthier alternatives to traditional sweeteners. Rare sugars, known for their low-calorie properties, substitute standard sugars in various food and beverage applications. For instance, Bonumose, Inc. and ASR Group have collaborated to produce tagatose, a rare sugar with significant functional benefits such as bulking, mouthfeel enhancement, and a minimal glycemic index of 3 - ideal for diabetic individuals. Tagatose, being 92% sweeter than regular sugar and certified as a NutraStrong prebiotic, meets the demand for functional, low-calorie ingredients in modern food production.
In January 2024, Better Juice Ltd. has partnered with Ingredion, Inc. to enhance sugar-reduction solutions in beverages. This collaboration underscores efforts to offer alternatives that reduce sugar content without compromising taste or nutritional value. Ingredion Inc., a leader in sweetener solutions, is expanding its portfolio to include clean-label and sustainable options such as stevia, low-sugar syrups, and rare sugars such as allulose, catering to evolving consumer preferences for healthier food and beverage choices.
Major companies operating in the specialty sugars market are Cargill Incorporated, Wilmar International Limited, Louis Dreyfus Company, Raizen, Suedzucker.com, Tereos, Eid Parry India Limited, Tate & Lyle, Lantic Inc., Florida Crystals Corporation, Tongaat Hulett, Bajaj Hindusthan Sugar Ltd., Balrampur Chini Mills Ltd., Triveni Engineering & Industries Ltd., Manildra Group, Dhampur Sugar Mills Ltd., Dwarikesh Sugar Industries Limited, Guyana Sugar Corporation, Nordzucker, Belize Sugar Industries Limited, Thai Roong Ruang Group.
North America was the largest region in the specialty sugars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty sugars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the specialty sugars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Specialty sugars refer to high-quality, refined sugars produced in limited quantities and often known for their unique flavors, colors, and textures. They are utilized across various applications, such as enhancing the sweetness profile of gourmet foods and creating distinct textures in baking or confectionery products. Specialty sugars are valued for their ability to impart premium qualities and distinctive characteristics to finished goods.
The primary types of specialty sugars include brown sugar, icing sugar, demerara sugar, muscovado sugar, and others. Brown sugar, distinguished by its brown color from molasses content, is commonly employed in cooking and baking, especially in confectionery and bakery items. It is distributed through various channels including business-to-business, business-to-consumer, and online retailing, catering to the needs of industries such as food and beverage, food service, and retail.
The specialty sugars market research report is one of a series of new reports that provides specialty sugars market statistics, including specialty sugars industry global market size, regional shares, competitors with a specialty sugars market share, detailed specialty sugars market segments, market trends, and opportunities, and any further data you may need to thrive in the specialty sugars industry. This specialty sugars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The specialty sugars market consists of sales of coconut sugar, maple sugar, palm sugar, and sugar cubes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The specialty sugars market size is expected to see steady growth in the next few years. It will grow to $49.18 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period can be attributed to several key factors, increasing demand for healthier alternatives, a surge in the popularity of new flavors, rising consumer interest in bakery products, growth within the packaged food industry, and increasing demand for convenient, ready-to-eat foods. Major trends expected during this period include the introduction of organic and natural products, the expansion of e-commerce channels, a focus on sustainability and ethical sourcing practices, growing consumer interest in gourmet and artisanal foods, and the development of innovative and creative product offerings.
The specialty sugar market is poised for growth driven by increasing demand for bakery products. These products, encompassing a wide array of sweet and savory baked goods, rely on specialty sugars to enhance flavor, texture, and appearance. Consumer preferences shifting towards convenience foods, expanding retail availability, and a desire for indulgent culinary experiences contribute to this trend. Specialty sugars play a crucial role in meeting these preferences by offering natural and premium ingredients that elevate the quality of bakery goods.
Major players in the specialty sugar sector are innovating with rare sugars, providing low-cost and healthier alternatives to traditional sweeteners. Rare sugars, known for their low-calorie properties, substitute standard sugars in various food and beverage applications. For instance, Bonumose, Inc. and ASR Group have collaborated to produce tagatose, a rare sugar with significant functional benefits such as bulking, mouthfeel enhancement, and a minimal glycemic index of 3 - ideal for diabetic individuals. Tagatose, being 92% sweeter than regular sugar and certified as a NutraStrong prebiotic, meets the demand for functional, low-calorie ingredients in modern food production.
In January 2024, Better Juice Ltd. has partnered with Ingredion, Inc. to enhance sugar-reduction solutions in beverages. This collaboration underscores efforts to offer alternatives that reduce sugar content without compromising taste or nutritional value. Ingredion Inc., a leader in sweetener solutions, is expanding its portfolio to include clean-label and sustainable options such as stevia, low-sugar syrups, and rare sugars such as allulose, catering to evolving consumer preferences for healthier food and beverage choices.
Major companies operating in the specialty sugars market are Cargill Incorporated, Wilmar International Limited, Louis Dreyfus Company, Raizen, Suedzucker.com, Tereos, Eid Parry India Limited, Tate & Lyle, Lantic Inc., Florida Crystals Corporation, Tongaat Hulett, Bajaj Hindusthan Sugar Ltd., Balrampur Chini Mills Ltd., Triveni Engineering & Industries Ltd., Manildra Group, Dhampur Sugar Mills Ltd., Dwarikesh Sugar Industries Limited, Guyana Sugar Corporation, Nordzucker, Belize Sugar Industries Limited, Thai Roong Ruang Group.
North America was the largest region in the specialty sugars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty sugars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the specialty sugars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Specialty sugars refer to high-quality, refined sugars produced in limited quantities and often known for their unique flavors, colors, and textures. They are utilized across various applications, such as enhancing the sweetness profile of gourmet foods and creating distinct textures in baking or confectionery products. Specialty sugars are valued for their ability to impart premium qualities and distinctive characteristics to finished goods.
The primary types of specialty sugars include brown sugar, icing sugar, demerara sugar, muscovado sugar, and others. Brown sugar, distinguished by its brown color from molasses content, is commonly employed in cooking and baking, especially in confectionery and bakery items. It is distributed through various channels including business-to-business, business-to-consumer, and online retailing, catering to the needs of industries such as food and beverage, food service, and retail.
The specialty sugars market research report is one of a series of new reports that provides specialty sugars market statistics, including specialty sugars industry global market size, regional shares, competitors with a specialty sugars market share, detailed specialty sugars market segments, market trends, and opportunities, and any further data you may need to thrive in the specialty sugars industry. This specialty sugars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The specialty sugars market consists of sales of coconut sugar, maple sugar, palm sugar, and sugar cubes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Specialty Sugars Market Characteristics3. Specialty Sugars Market Trends and Strategies32. Global Specialty Sugars Market Competitive Benchmarking33. Global Specialty Sugars Market Competitive Dashboard34. Key Mergers and Acquisitions in the Specialty Sugars Market
4. Specialty Sugars Market - Macro Economic Scenario
5. Global Specialty Sugars Market Size and Growth
6. Specialty Sugars Market Segmentation
7. Specialty Sugars Market Regional and Country Analysis
8. Asia-Pacific Specialty Sugars Market
9. China Specialty Sugars Market
10. India Specialty Sugars Market
11. Japan Specialty Sugars Market
12. Australia Specialty Sugars Market
13. Indonesia Specialty Sugars Market
14. South Korea Specialty Sugars Market
15. Western Europe Specialty Sugars Market
16. UK Specialty Sugars Market
17. Germany Specialty Sugars Market
18. France Specialty Sugars Market
19. Italy Specialty Sugars Market
20. Spain Specialty Sugars Market
21. Eastern Europe Specialty Sugars Market
22. Russia Specialty Sugars Market
23. North America Specialty Sugars Market
24. USA Specialty Sugars Market
25. Canada Specialty Sugars Market
26. South America Specialty Sugars Market
27. Brazil Specialty Sugars Market
28. Middle East Specialty Sugars Market
29. Africa Specialty Sugars Market
30. Specialty Sugars Market Competitive Landscape and Company Profiles
31. Specialty Sugars Market Other Major and Innovative Companies
35. Specialty Sugars Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Specialty Sugars Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on specialty sugars market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for specialty sugars? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The specialty sugars market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Brown Sugar; Icing sugar; Demerara Sugar; Muscovado Sugar; Other Types2) By Sales Channel: Business-To-Business; Business-To-Consumer; Online Retailing
3) By Application: Food And Beverage Industry; Food Service Industry; Retail
Key Companies Mentioned: Cargill Incorporated; Wilmar International Limited; Louis Dreyfus Company; Raizen; Suedzucker.com
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Cargill Incorporated
- Wilmar International Limited
- Louis Dreyfus Company
- Raizen
- Suedzucker.com
- Tereos
- Eid Parry India Limited
- Tate & Lyle
- Lantic Inc.
- Florida Crystals Corporation
- Tongaat Hulett
- Bajaj Hindusthan Sugar Ltd.
- Balrampur Chini Mills Ltd.
- Triveni Engineering & Industries Ltd.
- Manildra Group
- Dhampur Sugar Mills Ltd.
- Dwarikesh Sugar Industries Limited
- Guyana Sugar Corporation
- Nordzucker
- Belize Sugar Industries Limited
- Thai Roong Ruang Group
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 40.65 Billion |
Forecasted Market Value ( USD | $ 49.18 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |