The global compressible sugar demand is anticipated to grow at a steady pace during the forecast period from 2022 to 2032. Growth is attributed to the rising demand for compressible sugar from diverse end use verticals including pharmaceutical, food and beverage, and nutraceutical.
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Report Attribute |
Details |
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Compressible Sugar Market Projected Growth Rate (2022-2032) |
% CAGR |
Since ancient times, sugar has been an essential ingredient of numerous food products. In fact, it can be found in almost all types of food items that we come across in the modern world. Various types of sugars such as sucrose and fructose, are being increasingly used as sweetening agents in a wide range of food products including confectionery and bakery items.
Among these, sucrose, also called table sugar, is the most commonly used form of sugar. It is a non-reducing disaccharide composed of fructose and glucose. It is generally obtained from sugarcane, sugar beet, and other plants and used extensively as a food and a sweetener.
Compressible sugar is basically a compressible sucrose that is being increasingly used as an excipient in pharmaceutical and other end-use industries. It is a white granular powder which is highly soluble in water.
Over the last few years demand for compressible sugar has risen at an incredible pace due to its better safety and pleasant notes, and the trend is likely to pertain during the forecast period. It is being extensively used in chewable tablets, syrups, lozenges and several other pharmaceutical products to impart sweet taste and mouthfeel. Rising production and consumption of these pharmaceutical products will therefore continue to provide a strong thrust to the growth of compressible sugar market during the assessment period.
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The robust expansion of compressible sugar market is attributable to the rapid expansion of pharmaceutical and food industries, increasing health awareness among people, and growing demand for natural sweetening agents across diverse end-use verticals.
Compressible sugar has become one of the most commonly used sweetening agents in pharmaceutical industry. It is being increasingly used in medications to impart a more pleasant taste to unpalatable chemicals. Most of the chewable pharmaceutical products such as tablets and lozenges that we consume today contain compressible sugar.
Rising consumption of these products coupled with expanding pharmaceutical industry will continue to push the sales of compressible sugar during the forecast period. People today spend large amounts of money on purchasing pharmaceutical products to stay healthy and minimize the risk of developing diseases.
Similarly, flourishing food and beverage industry is anticipated to create sales prospects for compressible sugar during the forecast period. Compressible sugar finds its application in confectionery and bakery products such as candy, jellies, marshmallows, toffees, cakes, biscuits etc. Increasing production and consumption of these products will eventually generate demand for compressible sugar in the forthcoming years.
In addition to this, innovations in compressible sugar products along with increasing focus of manufacturers to comply with the regulations laid down by regulatory bodies will further expand the size of compressible sugar market during the forecast period.
Although compressible sugar has numerous end uses, there are certain obstacles likely to pose a challenge to market growth in the upcoming years. Some of these factors are the risk factors associated with consuming sugar and availability of alternative sweeteners such as xylitol and sorbitol.
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North America remains the dominant market for compressible sugar and the trend is likely to continue during the forthcoming years. Growth in the market is driven by surging demand for compressible sugar from pharmaceutical and food industries
Among North American countries, the U.S. is projected to remain at the epicenter of compressible sugar market growth. The country is home to some of the leading pharmaceutical giants and compressible sugar manufacturers.
Pharmaceutical companies based across the country are increasingly using sweetening agents like compressible sugar in tablet making. Adoption of this sugar helps them to impart a more pleasant taste to tablets and other pharmaceutical products and thus makes them palatable.
Rising consumer spending on these pharmaceutical products is acting as a catalyst for the growth of compressible sugar market in the region.
According to Future Market Insights, the Asia Pacific compressible sugar market is projected to grow at a higher CAGR over the forecast period, owing to the rapid expansion of food and pharmaceutical industries, booming economy, and surging population.
Demand for compressible sugar is particularly high across fast growing nations like China and India due to presence of huge populations and increasing spending by people on pharmaceuticals, cosmetics, and processed food products.
Besides this, easy availability of raw materials at lower prices along with presence of a large number of market players is positively impacting the market growth in the region.
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Some of the key participants present in the global compressible sugar market include Indiana Sugars, Inc., Cargill Inc., British Sugar Plc., Colorcon Inc., Spectrum Chemical Manufacturing Corp., Domino Foods, Inc., Watson Inc., Biesterfeld AG, Solar Bio, Südzucker AG, B. Sugars & Pharmaceutical Ltd., Paulaur Corporation, Nordic Sugar A/S, Tate & Lyle PLC, and Gorodeya Sugar Refinery, among others.
Attributed to the presence of such a high number of participants, the market is highly competitive in nature. In order to gain a competitive advantage and expand their customer base, these market players are continuously leveraging strategies such as new product launches, partnerships, acquisitions, strengthening of distribution channels, and collaborations.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of % from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Form, Source, End Use, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled |
Indiana Sugars, Inc.; Cargill Inc.; British Sugar Plc.; Colorcon Inc.; Spectrum Chemical Manufacturing Corp.; Domino Foods, Inc.; Watson Inc.; Biesterfeld AG; Solar Bio; Südzucker AG; B. Sugars & Pharmaceutical Ltd.; Paulaur Corporation; Nordic Sugar A/S; Tate & Lyle PLC; Gorodeya Sugar Refinery |
| Customization | Available Upon Request |
As per FMI, Asia Pacific is anticipated to emerge as the most lucrative market for compressible sugar during the forecast period.
Indiana Sugars, Inc., Cargill Inc., British Sugar Plc., Colorcon Inc., Spectrum Chemical Manufacturing Corp., and Domino Foods, Inc. are some prominent compressible sugar manufacturers
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