Cibi e Bevande
Specialty Sugars Market to Reach $69.0 Billion, Globally, by 2032 at 5.4% CAGR: Allied Market Research
Specialty sugars are types of sugars that have unique properties and are used in cooking and baking. It has been growing in recent years as more people become interested in using different types of sugars as they derive health and wellness properties. The specialty sugars include brown sugar, powdered sugar, and even exotic sugars like coconut or palm sugar.
https://www.alliedmarketresearch.com/request-sample/A189054
The global specialty sugars market is experiencing growth due to several factors, including the significant increase in globalization and trade, changes in food & beverages industry trends, and the rise in demand for natural and artisanal products. However, the high cost of specialty sugar products, and limited awareness, and the rise in competition from sugar substitutes limit the market growth to some extent. On the other hand, there was a rise in innovative product offerings that are creating lucrative opportunities for market growth in the future.
Based on type, the brown sugar segment held the highest market share in 2022, accounting for more than one-third of the global specialty sugars market revenue, and is estimated to maintain its leadership status throughout the forecast period. Consumers everywhere are already looking for healthier substitutes for common food ingredients. Moreover, due to the rising natural and organic product demand and growing consumer interest in health and wellness, brown sugar has seen tremendous growth in recent years. Brown sugar is widely used in many different applications, including baking, confectionery, sauces, and beverages, which has contributed to an increase in demand for the commodity. However, the demerara Sugar segment would cite the fastest CAGR of 6.9% from 2023 to 2032.
https://www.alliedmarketresearch.com/checkout-final/specialty-sugars-market
Based on application, the food service industry segment held the highest market share in 2022, contributing to more than two-fifth of the global specialty sugars market revenue and is estimated to maintain its leadership status throughout the forecast period. The main focus of the food service sector is the addition of specialized items to their menu. The food service sector uses a variety of sugars in its products to meet shifting consumer tastes. Beside from that, specialty sugars including brown sugar, icing sugar, demerara sugar, and muscovado sugar have grown in popularity due to their distinctive flavors and alleged health advantages. As consumers are more concerned about their health and are looking for healthier sweetening options, specialty sugar is in more demand in the food service sector. However, the food and beverage industry showcase the fastest CAGR of 6.1% from 2023 to 2032.
Based on distribution channel, the B2B segment held the in 2022, accounting for nearly two-thirds of the global specialty sugars market revenue, and is expected to maintain its leadership status throughout the forecast period. There are many leading players in the B2B specialty sugars ecosystem, including producers/suppliers, wholesalers/distributors, retailers, food service providers, food producers, importers, and exporters. It consists of markets where buyers and sellers of specialized sugars negotiate and conduct business. The suppliers get their specialized sugars directly from other companies through a procedure in which one company transacts with another. The B2C segment, however, would portray the fastest CAGR of 6.8% from 2023 to 2032.
https://www.alliedmarketresearch.com/purchase-enquiry/A189054
Based on region, North America held the highest market share in 2022, garnering more than two-fifth of the global specialty sugars market revenue and is expected to maintain its dominance throughout the forecast period. A significant shift in consumer behavior toward using healthy foods for baking and cooking has been noted in the area. Additionally, the market is witnessing a notable increase in demand for specialty sugar products because of a rise in the number of consumers using these goods in their baking and beverages. The
Asia-Pacific region, on the other hand, would cite the fastest CAGR of 6.3% from 2023 to 2032.
The report provides a detailed analysis of these key players in the global specialty sugars market. These players have adopted different strategies such as collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Coconut Sugar Market Size, Share, Competitive Landscape and Trend Analysis Report, 2021-2031
Icing Sugar Market Size, Share, Competitive Landscape and Trend Analysis, 2023-2032
Sugar Substitute Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
Liquid Sugar Market Size, Share, Competitive Landscape and Trend Analysis, 2023-2032
Palm Sugar Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
Caramelized Sugars Market: Opportunity Analysis and Industry Forecast, 2023-2032
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington , New Castle ,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/food-and-beverages
Follow Us on | Facebook | LinkedIn | YouTube
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/specialty-sugars-market-to-reach-69-0-billion-globally-by-2032-at-5-4-cagr-allied-market-research-302131772.html