Smoked Sugars are Gaining
Traction in the Confectionery Market
The demand for smoke-related foodstuff
is expected to increase significantly over the forecast period. Smoked sugar is
used in the food business, more specifically in the bakery, confectionery, and
processed food sectors. Whether the dish is grilled, baked, or roasted, the
main goal is to give it a smoky flavour. Additionally, over the forecast
period, smoked sugar consumption is expected to increase because of the
growing need for processed foods. The food service industry has a significant
demand for smoked sugar, and the developing craze among millennials and
gen Z for classic desserts that are nutritious is also boosting the smoked
sugar market. Smoked sugar is frequently used in processed foods because it
extends their shelf lives and improves flavour stability. The participation of
numerous companies and advancements in smoked sugar-related culinary products
will continue to open up new prospects for the smoked sugar market
throughout the forecast period. Innovation and creativity are crucial to
the confectionery industry's growth. Producers of confectionary items are using
authentic flavours like smoked sugar increasingly, which is expected to
contribute to the growth of the smoked sugar market.
What is Fuelling the Smoked Sugar Market?
The demand for Smoked Sugar is
rising as people are becoming more conscious of authentic and unique flavouring
components. It is anticipated that the market would grow in the future due to
increasing food production companies. Additionally, it is anticipated that
the high purchasing power of the US and Canada will accelerate the expansion of
the smoked sugar market's sales. The market expansion will be aided by the
major presence of prominent companies in the region, to provide special
advantages like enhancing the flavour of baked goods, offering a smoky flavour
& warmer colour tones with a natural appearance and glaze, providing a
clean-label product, and making smoked sugar simple to incorporate into
manufacturing processes. In terms of sales, Europe holds a sizeable portion of
the global market for smoked sugar, and the region's rising demand for bakery
and confectionery goods is anticipated to fuel market expansion.
Rising Prevalence of Diabetes – Bringing a
Threat to Market Participants
Consuming sugar contributes
significantly to obesity and a number of chronic conditions, including type 2
diabetes. Consuming additional sugar raises risk factors for heart disease such
as high blood pressure and inflammation. Heart disease risk has
been associated with high-sugar diets. According to WHO, approximately 422
million people have diabetes globally, with the majority residing in low- and
middle-income countries. Both the incidence and prevalence of diabetes have
been steadily increasing over the past few decades. On the target market, this
can have a detrimental effect over time. The growing risk of lifestyle related
diseases has a negative impact on the market's potential.
Smoked Sugar Market Segmentation
The global smoked sugar market is
segmented on the basis of form, packaging, end users and distribution channel.
On the basis of Form:
·
Granules
·
Powder
·
Flakes
·
Syrup
On the basis of Packaging:
·
Bottles
·
Pouches
·
Can
·
Others
On the basis of End Users:
·
Savoury Dishes
·
Dairy Products
·
Beverages
·
Bakery & Confectionery Products
On the basis
of Distribution Channel:
·
Convenience Store
·
Hotels/Restaurants
·
Modern Groceries
·
Specialty Stores
·
Online Retail
·
Others
Increased Investment is Expected to Enhance
Market Growth for Smoked Sugar
Companies have developed and
innovated several flavour-upgrading strategies as a result of the technological
advancement in food processing over the years, which is attributed to meet the
rising demand for smoked sugar from diverse end-users. R2H Flavor Technology
came up with a new range in 2008 named Tru Smoke in which a concentrated
mixture of natural hardwood smoke called Tru Smoke Smoked Sugar 45* is created
from hardwood sawdust and non-GMO cane sugar. Natural, clean-label traditional
smoked sugar is produced using a batch manufacturing procedure that enables the
direct interaction of traditional vaporous smoke in a cane sugar solution.
Bourbon Barrel Foods introduced Bourbon Smoked Sugar in 2012 in which a raw
demerara sugar is slowly smoked with recycled bourbon barrel staves to create
Bourbon Smoked Sugar. It tastes rich from smoked oak and has a sweet caramel
flavour. Due to all of these macroeconomic reasons, the worldwide smoked sugar
market is expected to grow optimistically throughout the forecast period.
Bourbon Barrel Foods, Royal Buisman, Secna
Group S.L., Sethness Roquette, Cumberland Packing Corp., TC Heartland LLC, Florida
Crystals Corporation, Great Value and Martin Mundo oHG are few of the major
companies active in the worldwide smoked sugar market.
Research on Smoked Sugar Proving to be
Beneficial for the Market
Growing opportunities for the
smoked sugar market are being created by the research and development
activities associated with smoked sugar as an antioxidant in frozen sliced,
aerobically packaged bacon. According to USDA, In 2022–2023, it is anticipated
that sugar exports will increase by 14% from the previous year reaching to
3.6 million tonnes. This is a result of increased production, but there is
also an expectation that ending stocks will be depleted because of the
persistently high global demand. About 85% of total exports come from
Indonesia, Japan and South Korea, with the majority of the remainder going
to New Zealand, Singapore, and the United States. The predicted range of sugar
consumption is 50,000 to 900,000 tonnes, with rising supply and population
growth supporting this estimate.
The report provides a detailed
overview of the smoked sugar market insights in regions including North
America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and
Africa. The country-specific assessment for smoked sugar market has been
offered for all regional market share, along with forecasts, market scope
estimates, price point assessment, and impact analysis of prominent countries
and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates
are also incorporated for every country and region, to provide a detailed view
of the smoked sugar market. These Y-o-Y projections on regional and
country-level markets brighten the political, economic and business environment
outlook, which are anticipated to have a substantial impact on the growth of
the smoked sugar market. Some key country and region included in the smoked
sugar market report as follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Smoked Sugar Market Research Report
Covers In-depth Analysis on:
·
Smoked sugar market segments
·
Smoked sugar market dynamics
·
Smoked sugar market value and share analysis
·
Recent trends, restraints, opportunities in smoked
sugar market
·
Companies & competition involved smoked
sugar market
·
Latest technologies in smoked sugar market
·
Supply chain and value chain smoked sugar market
·
Smoked sugar market sales and distribution
strategies
Smoked Sugar Market Growth Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Smoked sugar industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on smoked sugar market forecast
by countries
·
Essential information to enhance market position
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