Asia Pacific Liquid Sugar Market Report and Forecast 2024-2032

Asia Pacific Liquid Sugar Market Outlook

The Asia Pacific liquid sugar market size attained is estimated to grow at a CAGR of 8.70% in the forecast period of 2024-2032. The market is being supported by the growing demand for sugar substitutes in the food and beverage sector amid rising health-consciousness.

Key Trends in the Market

Liquid sugar refers to a saturated solution of sugar or sugar-related compounds such as glucose and fructose, among others. This solution, produced from beet sugar, corn sugar, and sugarcane, is used to add sweetness to foods and beverages.

• Increased health consciousness among consumers is one of the crucial Asia Pacific liquid sugar market trends. This has boosted the demand for liquid sugar or sugar substitutes, which contain a low concentration of sugar as compared to traditional sugar.

• Growing usage of liquid sugar in bakery and confectionary products to prevent crystallisation and provide properties such as long-lasting freshness, moisture retention, specific flavour, and pasteurisation also fuels the Asia Pacific liquid sugar market growth.

• The introduction of favourable government policies in the region to promote sugar farming, which is the key raw material used in the production of liquid sugar, provides a positive Asia Pacific liquid sugar market outlook.

Market Analysis

Based on source, the market is divided into sugar cane, beet sugar, and corn sugar, among others. Based on application, the market is classified into household, HoReCa, and industrial.

On the basis of sales channel, the market is bifurcated into B2B and B2C. The B2C segment is further categorised based on type into general trade (GT), modern trade (MT), and e-commerce. Based on country, the Asia Pacific liquid sugar market segmentation includes China, Japan, India, ASEAN, and Australia, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Asia Pacific liquid sugar market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Roquette Frères  

• Archer Daniels Midland Company  

• Tate & Lyle Plc 

• Cargill, Incorporated  

• TTC Sugar 

• FGV Holdings Berhad 

• Nordzucker AG  

• Shrijee Group  

• Toyo Sugar Refining Co., Ltd.  

• The Raw Liquid Sugar Company  

• Others

Market Share by Source

Sugarcane occupies a significant portion of the Asia Pacific liquid sugar market share due to its cost-effective nature and high production volume, which facilitates its use as a raw material in manufacturing liquid sugar. Increased sugarcane farming in countries like India, China, Pakistan, and Thailand due to their tropical climate also provides growth opportunities to the market. Additionally, the easy availability of liquid sugar from sugarcane in the region is expected to bolster the segment’s growth in the coming years.

Market Share by Application

As per the Asia Pacific liquid sugar market analysis, the industrial segment accounts for a substantial share of the market owing to the high usage of liquid sugar in manufacturing processed or ready-made foods and beverages. It is easily soluble in beverages, which is surging its usage as a sweetener. Moreover, it is also utilised in the bakery sector to provide moisture and sweet flavour to cakes, pastries, and cookies, among others. Meanwhile, in the pharmaceutical sector, liquid sugar is used as a diluent and provides viscosity to liquid medicines.

Competitive Landscape

Roquette Frères, established in 1933, is a manufacturer of starch by-products and has its headquarters in Lestrem, France. Some of its major products include fibres, protein and derivatives, and native and modified starches, among others.

Archer Daniels Midland Company is a food processing company, founded in 1902 and based in Chicago, the United States. This agribusiness corporation processes wheat, oilseeds, corn, and other agricultural products.

Tate & Lyle Plc is a global food and beverage company which was founded in 1921 as a merger of two sugar refineries. The company headquartered in London, the United Kingdom, supplies food, beverage, and speciality ingredients such as starch and sweeteners to various sectors like food and beverages.

Other the Asia Pacific liquid sugar market players include Cargill, Incorporated, TTC Sugar, FGV Holdings Berhad, Nordzucker AG, Shrijee Group, Toyo Sugar Refining Co., Ltd., and The Raw Liquid Sugar Company, among others.

Key Highlights of the Report

Asia Pacific Liquid Sugar Market Report Snapshots

Asia Pacific Liquid Sugar Market Size

Asia Pacific Liquid Sugar Market Share

Asia Pacific Liquid Sugar Market Analysis

Asia Pacific Liquid Sugar Companies