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Thailand Liquid Sugar Market Size, Share, Trends, Forecast: By Source: Sugar Cane, Beet Sugar, Corn Sugar, Others; By End Use: Household, HoReCa, Industrial; By Sales Channel: B2B, B2C; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2023-2028
Thailand Liquid Sugar Market Outlook
The Thailand liquid sugar market size is projected to grow at a CAGR of 3.5% between 2023 and 2028.The major drivers of the market include expansion of the foodservice sector in the country and rising awareness about the various health benefits associated with the utilisation of liquid sugar.
Key Trends in the Market
Liquid sugar refers to water-based sucrose solution derived from natural raw cane sugar or refined sugar that is used in preparation of various products due to its highly adaptable nature. This sugar type also aids in initial fermentation processes in cider and beer and is also used for coating cereal bars.
- The expansion of the foodservice sector in the country has increased the Thailand liquid sugar market demand. Due to the ability of liquid sugar to dissolve instantly in hot and cold beverages while offering the same sweetness as granulated sugar its utilisation in hotels, restaurants, and cafeterias is rising.
- The growing popularity of frozen desserts and ice cream is aiding the market expansion in Thailand as usage of liquid sugar in ice creams inhibits sugar recrystallisation, allowing the production of smooth textured ice cream. Liquid sugar also provides stability and creaminess to the ice cream.
- The increased availability of liquid sugar across various sales channels in Thailand including business-to-business and business-to-customer channels is offering lucrative growth opportunities to the market. Additionally, rising investments in modern agriculture and sugar processing are aiding in enhancement of liquid sugar manufacturing processes.
Thailand Liquid Sugar Market Analysis
On the basis of source, the market is divided into sugar cane, beet sugar, and corn sugar, among others. Based on end use, the market is classified into household, HoReCa, and industrial. On the basis of sales channel, the Thailand liquid sugar market segmentation includes B2B and B2C, with B2C subdivided by type into general trade (GT), modern trade (MT), and e-commerce.
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 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
- Mitr Phol Sugar Company Limited
- Thai Roong Ruang Sugar Group
- Thai Sugar Group Co.,Ltd.
- Thai Wah Public Company Limited
- Others
Market Share by Source
Sugar cane is anticipated to account for a significant Thailand liquid sugar market share. The sugar derived from sugar cane helps in boosting the energy as the it is broken into two simpler sugars namely, glucose and fructose. The cells then carry glucose molecules and convert them into energy. It also elevates the mood by releasing serotonin, which also helps in regulation of digestive functions including appetite and bowel movements. Liquid sugar obtained from sugar cane is also preferred by mixologists as it easily dissolves in both cold and hot drinks as well as non-alcoholic and alcoholic beverages alike.
Market Share by Sales Channel
The B2B segment comprising of general trade, modern trade, and e-commerce is anticipated to witness significant growth over the forecast period. E-commerce platforms for a wide range of products and brands to their customers as well as have easy turn, refund, and exchange policies in place. Whereas general and modern trade stores offer the balance between price and quality, supporting the Thailand liquid sugar market growth.
Competitive Landscape
Roquette Frères is a leading manufacturer of agricultural products and processes vegetables including wheat, corn, peas, and potato into cereal sugars, starch, polyols, fibres, and proteins, among others. The company was founded in 1933 and is headquartered in Lestrem, France.
Archer Daniels Midland Company is a commodity trading and food processing company that was founded in 1902. Their cutting-edge innovations are leading the way for plant-based industrial and consumer solutions for replacing petroleum-based products.
Tate & Lyle Plc is known for providing food and beverage solutions to their customers around the globe. The company was founded in 1859 and produces speciality fibres and sweeteners wo help reduce the intake of calories and sugar.
Other Thailand liquid sugar market key players include Cargill, Incorporated, TTC Sugar, Mitr Phol Sugar Company Limited, Thai Roong Ruang Sugar Group, Thai Sugar Group Co.,Ltd., and Thai Wah Public Company Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by End Use |
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| Breakup by Sales Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Liquid Sugar Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Liquid Sugar Historical Market (2018-2022)
8.3 Asia Pacific Liquid Sugar Market Forecast (2023-2028)
9 Thailand Liquid Sugar Market Overview
9.1 Key Industry Highlights
9.2 Thailand Liquid Sugar Historical Market (2018-2022)
9.3 Thailand Liquid Sugar Market Forecast (2023-2028)
10 Thailand Liquid Sugar Market by Source
10.1 Sugar Cane
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Beet Sugar
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Corn Sugar
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Others
11 Thailand Liquid Sugar Market by End Use
11.1 Household
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 HoReCa
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Industrial
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
12 Thailand Liquid Sugar Market by Sales Channel
12.1 B2B
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 B2C
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.2.3 Breakup by Type
12.2.3.1 General Trade (GT)
12.2.3.1.1 Historical Trend (2018-2022)
12.2.3.1.2 Forecast Trend (2023-2028)
12.2.3.2 Modern Trade (MT)
12.2.3.2.1 Historical Trend (2018-2022)
12.2.3.2.2 Forecast Trend (2023-2028)
12.2.3.3 E-commerce
12.2.3.3.1 Historical Trend (2018-2022)
12.2.3.3.2 Forecast Trend (2023-2028)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Value Chain Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Roquette Frères
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Archer Daniels Midland Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Tate & Lyle Plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Cargill, Incorporated
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 TTC Sugar
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Mitr Phol Sugar Company Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Thai Roong Ruang Sugar Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Thai Sugar Group Co.,Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Thai Wah Public Company Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Liquid Sugar Market: Key Industry Highlights, 2018 and 2028
2. Thailand Liquid Sugar Market: Key Industry Highlights, 2018 and 2028
3. Thailand Liquid Sugar Historical Market: Breakup by Source (USD Million), 2018-2022
4. Thailand Liquid Sugar Market Forecast: Breakup by Source (USD Million), 2023-2028
5. Thailand Liquid Sugar Historical Market: Breakup by End Use (USD Million), 2018-2022
6. Thailand Liquid Sugar Market Forecast: Breakup by End Use (USD Million), 2023-2028
7. Thailand Liquid Sugar Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
8. Thailand Liquid Sugar Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
9. Thailand Liquid Sugar Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.5% between 2023 and 2028.
The major market drivers include expansion of the foodservice sector in the country and rising awareness about the various health benefits associated with the utilisation of liquid sugar.
The key trends fuelling the growth of the market include increased availability across different sales channels and growing requirement for production of frozen desserts and ice creams.
The major sales channels include B2B and B2C, with B2C subdivided by type into general trade (GT), modern trade (MT), and e-commerce.
The end uses of liquid sugar include household, HoReCa, and industrial.
Liquid sugar is a simple syrup comprising of sugar and water in the ratio of 1:1.
The significant sources of liquid sugar include sugar cane, beet sugar, and corn sugar, among others.
The key players in the market are Roquette Frères, Archer Daniels Midland Company, Tate & Lyle Plc, Cargill, Incorporated, TTC Sugar, Mitr Phol Sugar Company Limited, Thai Roong Ruang Sugar Group, Thai Sugar Group Co.,Ltd., and Thai Wah Public Company Limited, among others.
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