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Invert Sugar Market Analysis, Trends & Forecast 2024-2033
Invert Sugar Market Analysis
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According to The Business Research Company's, The invert sugar market size has grown strongly in recent years. It will grow from $2.21 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to industrial revolution and sugar refining, need for improved sweetening agents, development of confectionery and bakery products, food preservation and stability, customization for specific food applications.
The invert sugar market size is expected to see steady growth in the next few years. It will grow to $2.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising health consciousness, innovations in food technology, regulatory encouragement for healthier alternatives, expansion of beverage industry, enhanced manufacturing processes. Major trends in the forecast period include innovative sweetening applications, integration in convenience foods, functional properties in food preservation, personalized dietary solutions, emerging culinary trends and fusion foods.
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Market Drivers and Trends:
The increasing demand for processed food and beverages is expected to propel the growth of the invert sugar market going forward. Processed food and beverages refer to transforming raw agricultural commodities or semi-processed food products into a diverse range of semi-prepared or consumer-ready food and beverage products. The increasing utilization of processed food and beverages is mainly driven by convenience, changing lifestyles and eating habits, and cost and affordability. The rising usage of processed foods and beverages promotes demand for sweetening components such as inverted sugar, often used in these goods to improve flavor, texture, and shelf life. For instance, in 2022, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country accounted for $38 billion, an increase of 10.96% from $34.24 billion in 2021. Therefore, the increasing utilization of processed food and beverages is driving the growth of the invert sugar market.
Increasing investment is a key trend gaining popularity in the invert sugar market. Major companies are investing in the companies operating in the invert sugar market to strengthen their position in the market. For instance, in January 2022, Galam, an Israel-based specialty ingredients manufacturer, invested $30 million into a new Israel-based production plant for prebiotic Gofos, an inverted organic sugar. Furthermore, in June 2021, ASTARTA, a Ukraine-based agri-industrial holding company, launched a pilot manufacturing facility for invert sugar syrup and broadened its product line. ASTARTA intends to boost invert syrup production and expand its marketing capacities if the pilot project is implemented successfully.
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Major Key Players of the Market:
Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Limited, Associated British Foods, Cosan, Sudzucker AG, Tereos, Mitr Phol Sugar Corporation. Ltd., Nordzucker AG, Biosev, ASTARTA Holding NV, Galam Ltd., Uttam Sugar Mills Ltd., Sugar Australia, CSC Sugar LLC, Ragus Sugars Manufacturing Limited, Cosun Beet Co, Wholesome Sweeteners, Indiana Sugars, Invert Sugar India Ltd., Cepi Silos Spa, Stover & Company, Fringe Papo International, Thai Roong Ruang Group, Zauba Corp.
Invert Sugar Market 2024 Key Insights:
• The invert sugar market size is expected to see steady growth in the next few years. It will grow to $2.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%.
• Processed Food And Beverages Propel The Invert Sugar Market Growth
• Strategic Investments Propel Growth Through Noteworthy Developments In The Invert Sugar Market
• Asia-Pacific was the largest region in the invert sugar market in 2023
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