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Vietnam Liquid Sugar Market Size, Share, Trends, Forecast: By Source: Sugar Cane, Beet Sugar, Corn Sugar, Others; By Application: Household, HoReCa, Industrial; By Sales Channel: B2B, B2C; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2023-2028
Vietnam Liquid Sugar Market Outlook
The Vietnam liquid sugar market size is assessed to grow at a CAGR of 3.8% between 2023 and 2028. The market is expected to be driven by the growing demand for sugary beverages and the expansion of the foodservice sector in the country.
Key Trends in the Market
Liquid sugar refers to granulated or cane sugar that is dissolved in water. Due to its liquid form, it is more soluble and easier to use than its granular counterparts. Liquid sugar finds usage in diverse applications, ranging from dairy products and beverages to confectioneries and baked goods.
- The rising consumption of sugar due to surging income levels and rapid urbanisation is one of the significant Vietnam liquid sugar market trends. Sugary beverages and soft drinks enjoy substantial popularity in the country, boosting the demand for liquid sugar as it can be instantaneously dissolved as compared to granular sugar.
- With rising health and environmental concerns, there is an increasing preference for high-quality liquid sugar that does not contain preservatives and harmful chemicals. Moreover, the growing demand for clean-labelled food products is anticipated to bolster the Vietnam liquid sugar market growth in the forecast period.
- Quick-service restaurants and fast-food chains like Baskin Robbins, Lotteria, and Jollibee Foods, among others, are increasingly expanding their presence in Vietnam due to its flourishing foodservice sector and healthy economic growth. This is boosting the usage of liquid sugar in different products, ranging from baked goods to pickles.
Market Analysis
Based on source, the Vietnam liquid sugar market segmentation includes sugar cane, beet sugar, and corn sugar, among others. On the basis of application, the market can be divided into household, HoReCa, and industrial. By sales channel, the market is bifurcated into B2B and B2C. The major regional markets for liquid sugar in Vietnam include North, Central, and South.
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 Vietnam 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
- Others
Market Share by Source
As per the Vietnam liquid sugar market analysis, sugar cane represents a major market share. The surging health consciousness is fuelling the use of sugar cane in liquid sugar production as it contains antioxidants and is an excellent source of minerals and vitamins. With the surging demand for natural and organic liquid sugar, the use of organically produced and sourced sugar cane is likely to rise in the coming years.
Market Share by Application
The industrial segment accounts for a significant portion of the Vietnam liquid sugar market share. The product finds wide usage in the food and beverage sector as it offers enhanced convenience and ease of usage.
The demand for sugary beverages such as ready-to-drink coffee, soft drinks, and energy drinks, among others, is significantly increasing. This is prompting manufacturers to use liquid sugar to eliminate the high costs associated with crystalline sugar’s processing steps such as dissolution to optimal concentration and filtration with activated carbon. Moreover, the growing focus by beverage manufacturers to enhance their production efficiency is boosting the overall Vietnam liquid sugar market growth.
Competitive Landscape
FGV Holdings Berhad is an agribusiness company that was incorporated in 2007 as a commercial brand of Federal Land Development Authority (FELDA). It operates in different sectors such as logistics, plantation, integrated farming, and sugar, among others. The company is based in Malaysia and aims to drive sustainability in the agricultural sector.
Roquette Frères is a company that operates in the fields of food and nutrition, biopharma, animal nutrition, cosmetics, and pharmaceuticals, among others. It was founded in 1933 and has a wide presence in over 100 countries across the globe. Headquartered in Lestrem, France, the company uses raw materials of natural origin to drive innovations in the food, health, and nutrition sectors.
Tate & Lyle Plc is a leading provider of ingredients for the food and beverage sector. The company is headquartered in London, the United Kingdom, and was founded in 1859. With its expertise in fibre enrichment, texture, stabilisation, and sweetness, the company aims to drive the development of healthy food and beverages.
Other Vietnam liquid sugar market players include Archer Daniels Midland Company, Cargill, Incorporated, and TTC Sugar, 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 Application |
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| Breakup by Sales Channel |
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| Breakup by Region |
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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 Cane Sugar Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Liquid Cane Sugar Historical Market (2018-2022)
8.3 Asia Pacific Liquid Cane Sugar Market Forecast (2023-2028)
9 Vietnam Liquid Sugar Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Liquid Sugar Historical Market (2018-2022)
9.3 Vietnam Liquid Sugar Market Forecast (2023-2028)
10 Vietnam Liquid Sugar Market by Source
10.1 Sugar Cane
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Type
10.1.3.1 Pure
10.1.3.2 Flavoured
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 Vietnam Liquid Sugar Market by Application
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 Vietnam 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 Vietnam B2C Liquid Sugar Market by Region
13.1 North
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Central
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 South
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Roquette Frères
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Archer Daniels Midland Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Tate & Lyle Plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cargill, Incorporated
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 TTC Sugar
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 FGV Holdings Berhad
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Liquid Sugar Market: Key Industry Highlights, 2018 and 2028
2. Vietnam Liquid Sugar Market: Key Industry Highlights, 2018 and 2028
3. Vietnam Liquid Sugar Historical Market: Breakup by Source (USD Million), 2018-2022
4. Vietnam Liquid Sugar Market Forecast: Breakup by Source (USD Million), 2023-2028
5. Vietnam Liquid Sugar Historical Market: Breakup by Pack Type (USD Million), 2018-2022
6. Vietnam Liquid Sugar Market Forecast: Breakup by Pack Type (USD Million), 2023-2028
7. Vietnam Liquid Sugar Historical Market: Breakup by Application (USD Million), 2018-2022
8. Vietnam Liquid Sugar Market Forecast: Breakup by Application (USD Million), 2023-2028
9. Vietnam Liquid Sugar Historical Market: Breakup by Sales Channel (USD Million), 2018-2022
10. Vietnam Liquid Sugar Market Forecast: Breakup by Sales Channel (USD Million), 2023-2028
11. Vietnam Liquid Sugar Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 3.8% between 2023 and 2028.
The rising demand for sugary drinks, rapid urbanisation, and the growing usage of liquid sugar by QSRs are the major market drivers.
The key trends aiding the market growth are the robust growth of the food and beverage sector and the increasing preference for high-quality liquid sugar that does not contain preservatives and harmful chemicals.
The major regions in the market are North, Central, and South.
The different sources of liquid sugar are sugar cane, beet sugar, and corn sugar, among others.
Household, HoReCa, and industrial are the various applications of liquid sugar.
The significant sales channels in the market are B2B and B2C.
The major players in the market are Roquette Frères, Archer Daniels Midland Company, Tate & Lyle Plc, Cargill, Incorporated, TTC Sugar, and FGV Holdings Berhad, among others.
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