Global Specialty Sugars Market - Forecast(2023 - 2028)
Global Specialty Sugars Market Overview
The Global Specialty Sugars Market size is estimated to reach $872.9 million by 2027. Furthermore, it is poised to grow at a CAGR of 6.3% over the forecast period of 2022-2027. Specialty sugars are a growing subset of sugars, which are widely used in food and beverage applications, food service industries, and now growing their footmarks in household & retail. In chemical terms, sugar belongs to the group of monosaccharides, which are molecules containing six carbon atoms. Additionally, disaccharides are substances that are composed of two simple sugars or a composition of two monosaccharides. The carbohydrates-rich sugar compounds are widely adopted in every form, clean label requirements have further allowed the market to discover uncovered opportunities. For example, muscovado sugar has been adopted by manufacturers as these are unprocessed and maintain the nutritional benefits than the likes of caster sugar, which is extremely refined and processed. Further, Molasses Granules are being accepted amongst consumers owing to their minimally processed nature and the presence of many natural vitamins and minerals in it that are found in sugar cane. Increasing activities pertaining to home-baking supplemented by modern ready-to-make mixes along with product developments and advancements in various end-user activities are some of the recognized driving factors for the Global Specialty Sugars Industry for the projected period of 2022-2027.
Global Specialty Sugars Market Report Coverage
The report: “Global
Specialty Sugars Market Forecast
(2022-2027)”, by Industry
ARC covers an in-depth analysis of the following segments of the Global
Specialty Sugars Market.
By Type- Caster
Sugar, Icing Sugar, Muscovado Sugar, Demerara Sugar, and Others.
By End-Use
Industry- Food &
Beverage Processing, Food Service Industry, and Retail & Household.
By
Geography- North America (U.S., Canada, Mexico), Europe (Germany,
United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia
Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest
of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America),
and Rest of the World (the Middle East, and Africa)
Key Takeaways
- Geographically, North America’s specialty sugars market held a dominant market share in the year 2021. It is owing to the presence of local demand and excellent ties with other neighboring regions and countries. Additionally, strategies such as mergers and acquisitions and support from governments allow for such contributions.
- Increasing activities pertaining to home-baking supplemented by modern ready-to-make mixes along with product developments and advancements in various end-user activities are some of the recognized driving factors for the Global Specialty Sugars Market. However, demand-supply challenges supplemented by the high resilience of local farming output are some of the factors impeding the market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Specialty Sugars Market Report.
Global Specialty Sugars Market- Geography (%) for 2021.
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Global Specialty Sugars Market Segment Analysis- By Type
Global Specialty Sugars Market Segment Analysis- By End-Use Industry
Global Specialty Sugars Market Segment Analysis- By Geography
The global specialty sugars market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 33% as compared to the other regions in 2021. A majority of sugar producers are located within the likes of the USA and Mexico, which allows it to gain dominance. Manufacturers are actively forming alliances and partnerships across the borders, which has allowed the market to space evenly. Additionally, sugar production has rebounded in Mexico, thereby reaching 6.3 million metric tons, which is 2% above previous years. Furthermore, US production has been growing higher and higher, while consumption has been nearing a peak. Lastly, Mexico Sugar Suspension Agreements allow for better cohesion. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2022-2027. Firstly, it is owing to the likes of Muscovado Sugars being grown in the likes of India, which gives a substantial uplift in helping the growing global demand. India’s production is estimated to be up by 3%, while other regions such as Pakistan and Thailand are projected to rebound. Owing to such reasons, the market is paced evenly.
Global Specialty Sugars Market Drivers
An increasing consumption trend within the bakery and confectionary products has been a resilient market growth factor.
An incremental trend of per capita consumption facilitated by high-stress and household baking has allowed the market to take grip.
Per capita consumption has been on a rise. As per an
Economic Research Forum, a severe dip in real personal consumption expenditures
was noticed in 2020 owing to the pandemic. As for Q4, 2019, the consumption
expenditures per capita was $40,248, which touched the level of $35,637 at the
peak of the pandemic, which is Q2, 2020. However, if a cross-comparison is drawn
from pre-pandemic levels and from 2020, it can be ascertained, that a growth of
3.7% has been observed in Q4, 2021, while an 18% increase has been noticed from
the lows of 2020. The following figures depict a glowing future for people’s
spending power. Owing to such facts, a prevalent growth can be seen in the
projected period of 2022-2027. Additionally, household baking has had a tremendous
growth owing to lockdowns, and as mentioned in the first driver, stress eating
has been a prevalent demand notion for sugary foods. Work from notion allowed
for household baking to space, primarily because of two additional factors viz,
it gives consumers the ability to make comfort foods at home, while for the
other, consumers were able to take part in wellness trends by baking better-for-you products. Owing to such trends, the market is positioned favorably.
Global Specialty Sugars Market Challenges
Raw material issues hamper the overall supply-demand notion, thereby afflicting consumption and acting as an impeding growth factor.
Cane sugar has been a major contributor to the making of
muscovado sugar or icing sugar or other low-processed sugars. However, the
acreage is affected by various factors such as high rainfall or low rainfall
and other pests. As per USDA, the major producer of cane sugar, Brazil would
notice a fall in production anywhere between 6.1 million tons to 36.01 million
tons in 2021-2022, primarily owing to dry conditions and frosts. Due to Brazil’s
importance as a producer and exporter, this reduction is expected to have a
major influence on world sugar supply and prices. Similarly, China and
Thailand’s production estimates have been bought down owing to the reduced farming
area. Owing to such worries, the market’s growth is hindered.
Global Specialty Sugars Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and
geographical expansions are key strategies adopted by players in the Global
Specialty Sugars Market. Top-10 Global Specialty Sugars Market key companies are-
- Sudzucker AG
- Cargill Incorporated
- Louis Dreyfus Company
- ASR Group
- AB Sugar
- Tereos
- Wilmar International Ltd
- American Crystal Sugar Company
- Michigan Sugar Company
- Amalgamated Sugar Company LLC
Recent Developments
- In January 2022, Biscoff and Gingerbread spice chocolate has been introduced by Paul and Mike, just after Christmas. The bar is sourced from farms and has been one of innovation. The product has a composition of 49% milk chocolate base, which is made from fine flavor cocoa beans, muscovado sugars, cocoa butter, and milk powder. The caramelised notes from the Biscoff work wonders with the ginger’s slight peppery heat. The creamy milk chocolate is the perfect base for something this smooth and luscious.
- In January 2022, Virgin Media 02 has landed a sweet private network deal. It is a multi-million partnership with British Sugar and Nokia, it has been given with the aim to introduce Industry 4.0 digital manufacturing processed to multiple sites. The dedicated private network will connect IoT devices and enable the use of AI for improved efficiency, security, and health on site. AI will be used for monitoring operations in real-time and predicting maintenance and probable downtime. This will result in less disruption and wastage and has the potential to deliver cost and energy consumption savings.
- In January 2022, Pillsbury has released a limited-edition lucky charms cookie dough and more for various occasions such as valentine’s day and St. Patrick’s Day. The shape-hearted sugar cookie dough has been packed with red and pink hearts at the cookie center, and can be straight from the package or can be cooked in the oven. Additionally, Pillsbury Heart Cut-Out Shape Cookie Dough has been publicized via icing on the dough and can be found at a retail price of $8.
Relevant Titles
Sugar Based
Excipient Market- Forecast (2022-2027)
Report Code- FBR 0259
Sugar Substitute
Market- Forecast (2022-2027)
Report Code- FBR 0070
Alternative Sweeteners Market - Forecast(2022 - 2027)
LIST OF TABLES
1.Global Industry Environment Market 2019-2024 ($M)1.1 Policy Market 2019-2024 ($M) - Global Industry Research
1.2 Economics Market 2019-2024 ($M) - Global Industry Research
1.3 Sociology Market 2019-2024 ($M) - Global Industry Research
1.4 Technology Market 2019-2024 ($M) - Global Industry Research
2.Global Specialty Sugars Market by Type Market 2019-2024 ($M)
2.1 By Type Market 2019-2024 ($M) - Global Industry Research
2.1.1 Cinnamon Sugar Market 2019-2024 ($M)
2.1.2 Baked Sugar Market 2019-2024 ($M)
2.1.3 Black Onyx Sugar Market 2019-2024 ($M)
2.1.4 Pure Maple Sugar Market 2019-2024 ($M)
2.1.5 Breakfast Sugar Market 2019-2024 ($M)
2.1.6 Castor Sugar Market 2019-2024 ($M)
3.Global Major Companies List Market 2019-2024 ($M)
4.Global Specialty Sugars MB Sugars Pharmaceuticals Ltd. Market 2019-2024 ($M)
4.1 BOETTGER|ZUCKER Market 2019-2024 ($M) - Global Industry Research
4.2 Dhampure Speciality Sugars Ltd. Market 2019-2024 ($M) - Global Industry Research
4.3 Savory Spice Market 2019-2024 ($M) - Global Industry Research
4.4 King Arthur Flour Company, Inc. Market 2019-2024 ($M) - Global Industry Research
4.5 CSC Sugar, LLC Market 2019-2024 ($M) - Global Industry Research
4.6 DW Montgomery Company Market 2019-2024 ($M) - Global Industry Research
5.Global Demand by End Market Market 2019-2024 ($M)
5.1 Demand in Supermarket Market 2019-2024 ($M) - Global Industry Research
5.2 Demand in Household Market 2019-2024 ($M) - Global Industry Research
5.3 Demand in Online Retailing Market 2019-2024 ($M) - Global Industry Research
6.Global Industry Environment Market 2019-2024 (Volume/Units)
6.1 Policy Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Economics Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Sociology Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Technology Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Specialty Sugars Market by Type Market 2019-2024 (Volume/Units)
7.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
7.1.1 Cinnamon Sugar Market 2019-2024 (Volume/Units)
7.1.2 Baked Sugar Market 2019-2024 (Volume/Units)
7.1.3 Black Onyx Sugar Market 2019-2024 (Volume/Units)
7.1.4 Pure Maple Sugar Market 2019-2024 (Volume/Units)
7.1.5 Breakfast Sugar Market 2019-2024 (Volume/Units)
7.1.6 Castor Sugar Market 2019-2024 (Volume/Units)
8.Global Major Companies List Market 2019-2024 (Volume/Units)
9.Global Specialty Sugars MB Sugars Pharmaceuticals Ltd. Market 2019-2024 (Volume/Units)
9.1 BOETTGER|ZUCKER Market 2019-2024 (Volume/Units) - Global Industry Research
9.2 Dhampure Speciality Sugars Ltd. Market 2019-2024 (Volume/Units) - Global Industry Research
9.3 Savory Spice Market 2019-2024 (Volume/Units) - Global Industry Research
9.4 King Arthur Flour Company, Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
9.5 CSC Sugar, LLC Market 2019-2024 (Volume/Units) - Global Industry Research
9.6 DW Montgomery Company Market 2019-2024 (Volume/Units) - Global Industry Research
10.Global Demand by End Market Market 2019-2024 (Volume/Units)
10.1 Demand in Supermarket Market 2019-2024 (Volume/Units) - Global Industry Research
10.2 Demand in Household Market 2019-2024 (Volume/Units) - Global Industry Research
10.3 Demand in Online Retailing Market 2019-2024 (Volume/Units) - Global Industry Research
11.North America Industry Environment Market 2019-2024 ($M)
11.1 Policy Market 2019-2024 ($M) - Regional Industry Research
11.2 Economics Market 2019-2024 ($M) - Regional Industry Research
11.3 Sociology Market 2019-2024 ($M) - Regional Industry Research
11.4 Technology Market 2019-2024 ($M) - Regional Industry Research
12.North America Specialty Sugars Market by Type Market 2019-2024 ($M)
12.1 By Type Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Cinnamon Sugar Market 2019-2024 ($M)
12.1.2 Baked Sugar Market 2019-2024 ($M)
12.1.3 Black Onyx Sugar Market 2019-2024 ($M)
12.1.4 Pure Maple Sugar Market 2019-2024 ($M)
12.1.5 Breakfast Sugar Market 2019-2024 ($M)
12.1.6 Castor Sugar Market 2019-2024 ($M)
13.North America Major Companies List Market 2019-2024 ($M)
14.North America Specialty Sugars MB Sugars Pharmaceuticals Ltd. Market 2019-2024 ($M)
14.1 BOETTGER|ZUCKER Market 2019-2024 ($M) - Regional Industry Research
14.2 Dhampure Speciality Sugars Ltd. Market 2019-2024 ($M) - Regional Industry Research
14.3 Savory Spice Market 2019-2024 ($M) - Regional Industry Research
14.4 King Arthur Flour Company, Inc. Market 2019-2024 ($M) - Regional Industry Research
14.5 CSC Sugar, LLC Market 2019-2024 ($M) - Regional Industry Research
14.6 DW Montgomery Company Market 2019-2024 ($M) - Regional Industry Research
15.North America Demand by End Market Market 2019-2024 ($M)
15.1 Demand in Supermarket Market 2019-2024 ($M) - Regional Industry Research
15.2 Demand in Household Market 2019-2024 ($M) - Regional Industry Research
15.3 Demand in Online Retailing Market 2019-2024 ($M) - Regional Industry Research
16.South America Industry Environment Market 2019-2024 ($M)
16.1 Policy Market 2019-2024 ($M) - Regional Industry Research
16.2 Economics Market 2019-2024 ($M) - Regional Industry Research
16.3 Sociology Market 2019-2024 ($M) - Regional Industry Research
16.4 Technology Market 2019-2024 ($M) - Regional Industry Research
17.South America Specialty Sugars Market by Type Market 2019-2024 ($M)
17.1 By Type Market 2019-2024 ($M) - Regional Industry Research
17.1.1 Cinnamon Sugar Market 2019-2024 ($M)
17.1.2 Baked Sugar Market 2019-2024 ($M)
17.1.3 Black Onyx Sugar Market 2019-2024 ($M)
17.1.4 Pure Maple Sugar Market 2019-2024 ($M)
17.1.5 Breakfast Sugar Market 2019-2024 ($M)
17.1.6 Castor Sugar Market 2019-2024 ($M)
18.South America Major Companies List Market 2019-2024 ($M)
19.South America Specialty Sugars MB Sugars Pharmaceuticals Ltd. Market 2019-2024 ($M)
19.1 BOETTGER|ZUCKER Market 2019-2024 ($M) - Regional Industry Research
19.2 Dhampure Speciality Sugars Ltd. Market 2019-2024 ($M) - Regional Industry Research
19.3 Savory Spice Market 2019-2024 ($M) - Regional Industry Research
19.4 King Arthur Flour Company, Inc. Market 2019-2024 ($M) - Regional Industry Research
19.5 CSC Sugar, LLC Market 2019-2024 ($M) - Regional Industry Research
19.6 DW Montgomery Company Market 2019-2024 ($M) - Regional Industry Research
20.South America Demand by End Market Market 2019-2024 ($M)
20.1 Demand in Supermarket Market 2019-2024 ($M) - Regional Industry Research
20.2 Demand in Household Market 2019-2024 ($M) - Regional Industry Research
20.3 Demand in Online Retailing Market 2019-2024 ($M) - Regional Industry Research
21.Europe Industry Environment Market 2019-2024 ($M)
21.1 Policy Market 2019-2024 ($M) - Regional Industry Research
21.2 Economics Market 2019-2024 ($M) - Regional Industry Research
21.3 Sociology Market 2019-2024 ($M) - Regional Industry Research
21.4 Technology Market 2019-2024 ($M) - Regional Industry Research
22.Europe Specialty Sugars Market by Type Market 2019-2024 ($M)
22.1 By Type Market 2019-2024 ($M) - Regional Industry Research
22.1.1 Cinnamon Sugar Market 2019-2024 ($M)
22.1.2 Baked Sugar Market 2019-2024 ($M)
22.1.3 Black Onyx Sugar Market 2019-2024 ($M)
22.1.4 Pure Maple Sugar Market 2019-2024 ($M)
22.1.5 Breakfast Sugar Market 2019-2024 ($M)
22.1.6 Castor Sugar Market 2019-2024 ($M)
23.Europe Major Companies List Market 2019-2024 ($M)
24.Europe Specialty Sugars MB Sugars Pharmaceuticals Ltd. Market 2019-2024 ($M)
24.1 BOETTGER|ZUCKER Market 2019-2024 ($M) - Regional Industry Research
24.2 Dhampure Speciality Sugars Ltd. Market 2019-2024 ($M) - Regional Industry Research
24.3 Savory Spice Market 2019-2024 ($M) - Regional Industry Research
24.4 King Arthur Flour Company, Inc. Market 2019-2024 ($M) - Regional Industry Research
24.5 CSC Sugar, LLC Market 2019-2024 ($M) - Regional Industry Research
24.6 DW Montgomery Company Market 2019-2024 ($M) - Regional Industry Research
25.Europe Demand by End Market Market 2019-2024 ($M)
25.1 Demand in Supermarket Market 2019-2024 ($M) - Regional Industry Research
25.2 Demand in Household Market 2019-2024 ($M) - Regional Industry Research
25.3 Demand in Online Retailing Market 2019-2024 ($M) - Regional Industry Research
26.APAC Industry Environment Market 2019-2024 ($M)
26.1 Policy Market 2019-2024 ($M) - Regional Industry Research
26.2 Economics Market 2019-2024 ($M) - Regional Industry Research
26.3 Sociology Market 2019-2024 ($M) - Regional Industry Research
26.4 Technology Market 2019-2024 ($M) - Regional Industry Research
27.APAC Specialty Sugars Market by Type Market 2019-2024 ($M)
27.1 By Type Market 2019-2024 ($M) - Regional Industry Research
27.1.1 Cinnamon Sugar Market 2019-2024 ($M)
27.1.2 Baked Sugar Market 2019-2024 ($M)
27.1.3 Black Onyx Sugar Market 2019-2024 ($M)
27.1.4 Pure Maple Sugar Market 2019-2024 ($M)
27.1.5 Breakfast Sugar Market 2019-2024 ($M)
27.1.6 Castor Sugar Market 2019-2024 ($M)
28.APAC Major Companies List Market 2019-2024 ($M)
29.APAC Specialty Sugars MB Sugars Pharmaceuticals Ltd. Market 2019-2024 ($M)
29.1 BOETTGER|ZUCKER Market 2019-2024 ($M) - Regional Industry Research
29.2 Dhampure Speciality Sugars Ltd. Market 2019-2024 ($M) - Regional Industry Research
29.3 Savory Spice Market 2019-2024 ($M) - Regional Industry Research
29.4 King Arthur Flour Company, Inc. Market 2019-2024 ($M) - Regional Industry Research
29.5 CSC Sugar, LLC Market 2019-2024 ($M) - Regional Industry Research
29.6 DW Montgomery Company Market 2019-2024 ($M) - Regional Industry Research
30.APAC Demand by End Market Market 2019-2024 ($M)
30.1 Demand in Supermarket Market 2019-2024 ($M) - Regional Industry Research
30.2 Demand in Household Market 2019-2024 ($M) - Regional Industry Research
30.3 Demand in Online Retailing Market 2019-2024 ($M) - Regional Industry Research
31.MENA Industry Environment Market 2019-2024 ($M)
31.1 Policy Market 2019-2024 ($M) - Regional Industry Research
31.2 Economics Market 2019-2024 ($M) - Regional Industry Research
31.3 Sociology Market 2019-2024 ($M) - Regional Industry Research
31.4 Technology Market 2019-2024 ($M) - Regional Industry Research
32.MENA Specialty Sugars Market by Type Market 2019-2024 ($M)
32.1 By Type Market 2019-2024 ($M) - Regional Industry Research
32.1.1 Cinnamon Sugar Market 2019-2024 ($M)
32.1.2 Baked Sugar Market 2019-2024 ($M)
32.1.3 Black Onyx Sugar Market 2019-2024 ($M)
32.1.4 Pure Maple Sugar Market 2019-2024 ($M)
32.1.5 Breakfast Sugar Market 2019-2024 ($M)
32.1.6 Castor Sugar Market 2019-2024 ($M)
33.MENA Major Companies List Market 2019-2024 ($M)
34.MENA Specialty Sugars MB Sugars Pharmaceuticals Ltd. Market 2019-2024 ($M)
34.1 BOETTGER|ZUCKER Market 2019-2024 ($M) - Regional Industry Research
34.2 Dhampure Speciality Sugars Ltd. Market 2019-2024 ($M) - Regional Industry Research
34.3 Savory Spice Market 2019-2024 ($M) - Regional Industry Research
34.4 King Arthur Flour Company, Inc. Market 2019-2024 ($M) - Regional Industry Research
34.5 CSC Sugar, LLC Market 2019-2024 ($M) - Regional Industry Research
34.6 DW Montgomery Company Market 2019-2024 ($M) - Regional Industry Research
35.MENA Demand by End Market Market 2019-2024 ($M)
35.1 Demand in Supermarket Market 2019-2024 ($M) - Regional Industry Research
35.2 Demand in Household Market 2019-2024 ($M) - Regional Industry Research
35.3 Demand in Online Retailing Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Specialty Sugars Market Revenue, 2019-2024 ($M)2.Canada Global Specialty Sugars Market Revenue, 2019-2024 ($M)
3.Mexico Global Specialty Sugars Market Revenue, 2019-2024 ($M)
4.Brazil Global Specialty Sugars Market Revenue, 2019-2024 ($M)
5.Argentina Global Specialty Sugars Market Revenue, 2019-2024 ($M)
6.Peru Global Specialty Sugars Market Revenue, 2019-2024 ($M)
7.Colombia Global Specialty Sugars Market Revenue, 2019-2024 ($M)
8.Chile Global Specialty Sugars Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Specialty Sugars Market Revenue, 2019-2024 ($M)
10.UK Global Specialty Sugars Market Revenue, 2019-2024 ($M)
11.Germany Global Specialty Sugars Market Revenue, 2019-2024 ($M)
12.France Global Specialty Sugars Market Revenue, 2019-2024 ($M)
13.Italy Global Specialty Sugars Market Revenue, 2019-2024 ($M)
14.Spain Global Specialty Sugars Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Specialty Sugars Market Revenue, 2019-2024 ($M)
16.China Global Specialty Sugars Market Revenue, 2019-2024 ($M)
17.India Global Specialty Sugars Market Revenue, 2019-2024 ($M)
18.Japan Global Specialty Sugars Market Revenue, 2019-2024 ($M)
19.South Korea Global Specialty Sugars Market Revenue, 2019-2024 ($M)
20.South Africa Global Specialty Sugars Market Revenue, 2019-2024 ($M)
21.North America Global Specialty Sugars By Application
22.South America Global Specialty Sugars By Application
23.Europe Global Specialty Sugars By Application
24.APAC Global Specialty Sugars By Application
25.MENA Global Specialty Sugars By Application