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Evaporated Cane Juice Market by Type (Organic and Natural), by form (Powdered and Granulated), by application (Nutraceuticals, Bakery & Confectionery, Dairy, Beverages, Sauces and seasoning, and Cereals), and Forecast Data, Market Share, In-Depth Analysis, country, And Detailed Overview, and Forecast, 2022 to 2027

Published: March, 2023
ID: 12104
Pages: 135
Formats: report pdf report excel report power bi report ppt

Evaporated Cane Juice Market Size Share Trends Analysis 2022 - 2027:

Evaporated Cane Juice Market is expected at USD xx.xx million in 2021 and is anticipated to the extent of an over of USD xx. xx million by the end of the assessment period. The Evaporated Cane Juice Market is estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the estimated period (2022 - 2027). Evaporated cane juice is considered healthier and is used as a substitute for brown sugar in various applications, such as pastries, dry mixes, confectionery recipes, desserts, sweet lemonade, coffee, and tea. Evaporated cane juice crystals are known as raw sugar, raw sugar, or natural sugar, which contains additional nutrients compared to refined sugar. There are varieties of evaporated cane juice available in the market, including ground cane sugar, demerara, and muscovado, the most commonly used evaporated cane juice is muscovado.

Recent Developments in Evaporated Cane Juice Market:

U.S. Sugar, a private food company, based in Clewiston, Florida, will purchase Imperial Sugar Co.'s operations and assets from Louis Dreyfus Co.; the two companies have reached a definitive agreement announced on March 24. Tate & Lyle is the main cane sugar producer in the European Union. This acquisition marks the third United Sugars Corp. is the business partner of U.S. Sugar, and markets industrial and retail sugar from the U.S. Sugar. United Sugars Corp. will also market Imperial Sugar's sugar once the transaction is complete.

Agrochemicals company Crystal Crop, which plans to launch its Rs 1 billion IPO soon, announced today that it had acquired four brands from the US-based FMC Corporation for an undisclosed amount. The sources said the acquisition would increase the company's revenue by around Rs 100 million per year. This is Crystal Crop's third acquisition in 2018. The first was a chemical plant from Cytec India Specialty Chemicals and Materials Private Ltd, and the second was Indian sorghum, millet, and forage seed company from Syngenta India.

Market Drivers and Restraints:

Evaporated Cane Juice is expected to experience increasing demand due to the reduction in processing required for its formulation. This results in the retention of more nutrients compared to processed ingredients. Evaporated cane juice also improves the flavor of fruits in food. Intense sweeteners have become more popular, and their use has increased over many years in manufacturing facilities. Mixing sweeteners is one of the most popular features in the industry. Various food brands seek to reduce production costs where the sweetener blend can play a vital role. In addition, it helps to improve the taste and consistency of the quality of the product. As consumers demand more and healthier foods, food producers around the world strive to produce food products that provide health benefits and meet taste expectations. Also, evaporated cane juice tastes similar to sugar and has almost the same structure.

Market Segmentation:

Type:

  • Natural
  • Organic

Among the type segments, the organic segment is expected to dominate and post the fastest growth in terms of revenue in the target Evaporated Cane Juice Market during the forecast period. This can be attributed to increased consumption of organic food products along with a greater awareness of its benefits.

Form:

  • Granulated
  • Powdered

Among the forms segments, the granulated segment is expected to record the highest growth rate, followed by the powder segment, due to growing consumer awareness and a growing customer inclination for minimally processed food ingredients.

Application:

  • Bakery & Confectionery
  • Dairy
  • Beverages
  • Sauces and seasoning
  • Cereals
  • Nutraceuticals

Depending on the application segments, the bakery and confectionery part is predictable to rule the Evaporated Cane Juice Market, tailed by the beverage.

Impact of COVID-19 on Evaporated Cane Juice Market

The COVID-19 pandemic has impacted the food and beverage industry by increasing consumption of a wide range of processed foods and ready-to-eat beverages, such as packaged fruit juices, due to the health benefits associated with them. . The quarantine and prolonged confinement have had a great impact on Europe, the Americas and around the world and this has created an opportunity due to their demand due to increased health awareness and a greater concern for the maintenance of immunity and, therefore, of the well-being of health. Fresh fruits are a rich source of vitamins A, B, C minerals such as calcium, iron, and flavonoids. In this way, they help improve general health, reduce the risk of diseases and detoxify the body, essential for healthy well-being. Due to these health benefits, packaged fruit has experienced stable growth during a pandemic. Packaged fruit juices provide an adequate amount of nutrients that are easy to consume and are available in containers that are easy to transport. Therefore, the European fruit juice market has grown steadily by 2020. Since this pandemic phase will last for months, consumers are more careful in their purchases and ultimately look for products that have an immediate need, especially for consumption, in terms of longer duration life. The pandemic is also sparking consumer interest in buying immunity-boosting products that are higher in protein.

Regional Analysis:

The Market for Evaporated Cane Juice has been categorized on the basis of geography to offer a clear understanding of the global market; the world Market for Evaporated Cane Juice has been studied in four regions: Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. The North American market is estimated to account for a significant portion of the target market's revenue, followed by the Asia-Pacific market. The Asia Pacific market is expected to grow at a faster rate in the coming years due to the increase in population coupled with the increase in disposable income. Europe was third the largest Evaporated Cane Juice Market in 2015. Latin American is anticipated to make substantial opportunities for companies operating in the Evaporated Cane Juice Market. The Middle East and Africa are some of the main emerging regions, which will generate significant opportunities in the Evaporated Cane Juice Market during the anticipated period.

Leading Company

Gillco Products, Inc. had the largest share of the Evaporated Cane Juice Market in terms of sales revenue in 2021.

Evaporated Cane Juice Market Key Players

The Evaporated Cane Juice Market is concentrated with well-established players. Key players in the Evaporated Cane Juice Market include

  • Batory Foods
  • Gillco Products, Inc.
  • Sweet Additions, LLC
  • DW Montgomery & Company
  • Florida Crystals Corporation

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