The market for sugar syrup is expected to reach US$2.3 Bn in value in 2022 and expand at a CAGR of 6.4% through 2029. By 2029, the sugar syrup market is anticipated to reach $3.55 billion.
Sea Freight Forwarding Market Overview:
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Market Trends for Sugar Syrup
The expansion and development of the sugar syrup market are being influenced by several trends. The demand for natural and organic sweeteners made from ingredients like agave, maple, and honey has increased as plant-based diets become more and more well-liked. The growing demand for clean-label products is another trend that has led to the usage of natural and less processed ingredients in sugar syrups.
Novel sugar syrups that contain less sugar or are made from other sweeteners have also been developed as a result of the rising demand for low-sugar and sugar-free products. Additionally, as artisanal and craft items gain appeal, niche and premium sugar syrup companies with unique flavors and formulas are starting to appear.
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Segmentation:
by Type
• Glucose Syrup
• Corn Syrup
• Maple Syrup
• Cane Syrup
• Other Types
by Application
• Baked Food
• Confections
• Seasonings
• Pharmaceuticals
• Dairy
• Beverages
• Other Applications
by Category
• Organic
• Conventional
by Form
• Crystallized Sugar
• Liquid Syrup
by Distribution Channel
• Store
• Non- Store Based
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Key Players:
North America • Archer Daniels Midland Company (US) • Cargill, Incorporated (US) • The Hershey Company (US) • The Coca-Cola Company (US) • Rogers Sugar Inc. (Canada) Europe • Cosucra Groupe Warcoing SA (Belgium) • Nordzucker Group AG (Germany) • Südzucker AG (Germany) • Tate & Lyle PLC (UK) • Danisco A/S (Denmark) Asia Pacific • Archer Daniels Midland Company (US) • Cargill, Incorporated (US) • Wilmar International Limited (Singapore) • Bunge Limited (US) • Tongaat Hulett Limited (South Africa) Middle East and Africa • Al-Ghani Pty Ltd (South Africa) • Dubai Sugar Company (UAE) • Kenana Sugar Company (Sudan) • Illovo Sugar Africa (South Africa) • Sugar Company of Ethiopia (Ethiopia) South America • Copersucar S.A. (Brazil) • Raízen Energia S.A. (Brazil) • Grupo Centena (Mexico) • Ingenio Pichichi S.A. (Mexico) • Doremus Alimentos S.A. (Argentina)
Regional Analysis:
The study includes in-depth insights into multiple development possibilities and difficulties in the aforementioned regions, depending on various types of commodities, applications, end-users, and nations, among others. The study also contains essential aspects of the global Sea Freight Forwarding market, such as sales growth, product pricing and analysis, growth potential, and recommendations for addressing market difficulties in the provided areas.
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