Preserving Sugar Market Outlook:
Preserving sugar is a sugar type which possess a larger crystal size in comparison to granulated sugars adding extra advantages to it. The lager sugar crystal of preserving sugar dissolves gently, thus, preventing sugar to forgather at the bottom of the vessel or rise up as froth to the top of it. This, in turn, reduces the danger of burning and the repeated need for stirring. Preserving sugar is used in the making of jams, jellies, syrups and other confectionary products. Preserving sugar is free from pectin, unlike gelling sugar, thus, making them different from each other. As this sugar minimizes scum, the jams and jellies made by blending them are clearer and limpid. Further, preserving sugar is generally used for making jams, marmalades and preserves using fruits which are naturally high in pectin content such as plums, gooseberries, blackcurrants, and redcurrants. preserving sugar similar to various other categories of sugar can be extracted from sources such as sugarcane, palm, sugar beet, nectar, honeydew, coconut, and others.
Naturally Derived Preserving Sugars Gaining Rapid Adoption
The changing food habits of consumers and cautious spending are impacting the preference in the type of sugar consumers are buying. Also, increasing consumer awareness for health and the presence of organic and natural ingredients in preservatives and food products are some of the key driving factors for the growth of preserving sugar market. The global preserving sugar market is expected to grow at a significant rate owing to the increasing demand for jams, jellies, marmalades and other confectionery products worldwide. Furthermore, the easy availability and accessibility of the sources of preserving sugar such as sugarcanes have a positive impact on its production and the costing. Furthermore, the large crystal size and zero pectin content in preserving sugar ads on extra perks to it in comparison to other sugars. Owing to the effective properties and significant applications, the market for preserving sugar is likely to witness a rise over the forecast period.
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Global Preserving Sugar Market: Market Segmentation
On the basis of nature, the global preserving sugar market has been segmented as:
- Organic
- Conventional
On the basis of end use, the global preserving sugar market has been segmented as:
- Marmalades
- Jams and jellies
- Bakery and confectionery products
- Others
On the basis of form, the global preserving sugar market has been segmented as:
- Powder
- Granules
- Syrup
On the basis of the sales channel, the global preserving sugar market has been segmented as:
- Modern Grocery Retailers
- Hypermarkets/supermarkets
- Specialty retail stores
- Convenience stores
- Other
- E-Commerce
Global Preserving Sugar Market: Key Participants
Some of the market participants in the global preserving sugar market identified across the value chain include Sudzucker AG, Tate & Lyle plc, Mitr Phol Sugar Corporation. Ltd., Wilmar International Limited, Illovo Sugar (Pty) Ltd, Nordzucker AG, J.M. Smucker, Thai Roong Ruang Group, Whitworths, Imperial Sugar Co. and Eridania Beghin–Say SA amongst others.
The global preserving sugar industry has numerous small and medium-sized global as well as local players and a few market giants who have a global presence.
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Opportunities for Participants in the Preserving Sugar market
The subsequent growth of the agriculture sector has resulted in the high production of sugar canes and other related products which in turn is affecting the production of sugar to a great extent. The booming demand for jams, jellies and various bakery and confectionary products worldwide will have a positive impact on the growth of the market for preserving sugar. In addition, innovation and developments are the key driving factors for new companies to come in this market and give a stiff competition to the already existing ones. Also, the continuous production of preserving sugar due to its rising demand will reduce the cost of production subsequently giving opportunities to other market participants in the food industry, especially in the bakery and confectionery sector. Further, the increasing demand for different sugars in various different application industries is encouraging the new entrants in the preserving sugar market which in turn will increase the competition and also the choices for consumers.
Brief Approach to Research:
The analysis will be done on modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the flavor, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.