Invert Sugar Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Invert Sugar Market
The invert sugar market size was valued at USD 2315.81 billion in 2023, and the market is now projected to grow from USD 2410.93 billion in 2024 to USD 3459.63 billion by 2032, exhibiting a CAGR of 4.62% during the forecast period of 2024-2032.
The COVID-19 pandemic suggestively obstructed the sugarcane industry. At the same time, farmers were affected due to inaccessibility and shortage of access to labor and raw materials. Sugar mills countered several issues due to condensed demand for sugar in national & international markets, labor scarcities, and deficiency of other materials for crushing and supply operations.
The rising consumer demand for organic or brown sugar has made several prospects for manufacturers to upsurge their focus on natural and sustainably obtained elements that augment the product's overall value and address the modern essences and tastes. Prominent producers are embracing unique technologies to make inverted sugar. Technological improvements will offer several prospects for the development of the inverted sugar industry which will enhance the invert sugar market growth.
Invert sugar is a common sweetener in the food and beverage industry, it is now being discovered for potential uses further than the food sector. Its use in non-food products such as make-ups, oral care, and medicines is promptly gaining traction. The unique properties of invert sugar make it an eye-catching ingredient for creams, lotions, toothpastes, and mouthwashes. This development is motivated by the growing demand for sustainable and natural ingredients in these industries.
Comprehensive Analysis of Invert Sugar Market
The market can be segmented in various ways depending on the focus of study such as by type, and by application. Based on the application, the market is segmented into food & beverages, pharmaceutical, and personal care.By type, the market is segmented into fully inverted sugar and partially inverted sugar.
Asia Pacific region is dominating the invert sugar market share due to high raw material accessibility. The increasing number of food & beverage firms further fuels the demand for a new variety of chocolate drinks that need inverted sugar as sweeteners. Therefore, the product demand will upsurge in the regional market.
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include
Archer Daniels Midland Company (U.S.), AP Multi Products Pvt. Ltd (India), Cargill, Incorporated (U.S.), Eurosweet Gmbh (Germany), Galam (Israel), International Molasses Corporation (U.S.), Nordzucker AG (Germany), Ragus Sugars Manufacturing Limited (U.K.), Sudzucker AG (Germany), Tereos (France) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In June 2021, ASTARTA, a Ukrainian agricultural and industrial holding company, has widened its product range by introducing a pilot project focused on the production of invert sugar syrup, an extremely sought-after ingredient in the confectionery industry. Resulting the positive implementation of this pilot project, the corporation plans to ramp up the production of invert sugar syrup and augment its marketing efforts.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Million)
Growth Rate CAGR of 4.62% from 2024 to 2032
Segmentation By Type
Fully Inverted Sugar
Partially Inverted Sugar
By Application
Food & Beverages
- Bakery & Confectionery
- Dairy
- Beverages
- Others
Pharmaceutical
Personal Care
By Geography
North America (By Type, Application, and Country)
- U.S.
- Canada
- Mexico
Europe (By Type, Application, and Country)
- Germany
- France
- Italy
- Spain
- U.K.
- Rest of Europe
Asia Pacific (By Type, Application, and Country)
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
South America (By Type, Application, and Country
- Brazil
- Argentina
- Rest of South America
Middle East and Africa (By Type, Application, and Country)
- UAE
- South Africa
- Rest of MEA
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