Glucose syrup is a viscous liquid syrup mainly derived from hydrolysis of corn starch. It is commonly used as a sweetener in various food preparations like bakery goods, confectionery products, jams and jellies and beverages. The increasing demand for convenience food products is driving the growth of food and beverage industry which in turn is boosting the demand for glucose syrup. It acts as a readily available energy source and helps retain moisture in bakery items. It is widely used as an alternative to sucrose in various sweet goods and drinks owing to its low cost and easy availability.
The glucose syrup market is estimated to be valued at USD 4.5 Bn in 2024 and is expected to reach USD 6.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Key players operating in the glucose syrup market are Tate & Lyle, Roquette, Cargill, Ingredion and Archer Daniels Midland. These players are focusing on capacity expansion and new product launches to strengthen their market position.
The rising demand for sugar-free and low-calorie food products presents lucrative growth opportunities for Glucose Syrup Market manufacturers. The increasing health consciousness among consumers is propelling the demand for Sugar replacers like glucose syrup. Manufacturers are investing in R&D to develop allulose and tagatose syrups which are low in calories as compared to regular glucose syrup and fructose.
Asia Pacific represents the largest and fastest growing regional market for glucose syrup. China, India and Japan account for a major share of the regional demand attributed to growing population, rising disposable incomes and increasing demand from food processing industry. Key players are expanding their operations in Asia to tap the growth opportunities. For instance, in 2021, Tate & Lyle opened a new glucose syrup manufacturing facility in Nantong, China.
Market Drivers: The major driver which is fueling the growth of global glucose syrup market is increasing demand from food and beverage industry. Glucose syrup is widely utilized as sweetener in various food preparations like bakery goods, jams, confectionery etc. Rising demand for convenience food owing to busy lifestyles is promoting the growth of food industry.
Market Restrain: One of the key challenges for glucose syrup market is stringent regulations related to addition of sugars and high fructose corn syrups in food products. Regulatory bodies like FDA are promoting reduction of added sugars to curb obesity and related health issues. This is compelling manufacturers to develop low calorie glucose syrup variants which can restrain the demand for regular glucose syrup to some extent over the forecast period.
Segment Analysis
The global glucose syrup market is divided into segments based on product type and application. By product type, the corn-based glucose syrup segment holds the largest market share as it is most commonly used in food and beverage products due to its neutral taste and easy availability. Corn is the primary raw material used for producing glucose syrup owing to its high starch content. Within the application segments, the food industry dominates the glucose syrup market as glucose syrup finds wide application in bakery, confectionery, dairy, beverages and other food products.
Global Analysis
The Asia Pacific region dominates the global glucose syrup market with the largest market share. This can be attributed to the presence of major glucose syrup producing countries like China and India coupled with a large food processing industry utilizing glucose syrup in various food applications. The bakery and confectionery market is growing rapidly in the Asia Pacific region owing to changing dietary habits and rising disposable income. North America is another major regional market for glucose syrup led by the US.
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the glucose syrup market include Luke’s Organic, The Coca - Cola Company, PepsiCo Inc., Danone S.A., Tyrells Potato Crisps Limited, Steric Trading Ptv.
Ltd., Lucozade Ribena Suntory, Rhythm Superfoods, Kettle Foods Inc., Green Mills Inc..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Glucose Syrup Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/glucose-syrup-market/download-sampleMarket DynamicsThe robust demand for sweeteners in the ever-expanding food and beverage industry will be the key driving force for the glucose syrup market.
Rising disposable income coupled with increasing popularity of ice creams, chewing gums, chocolates, and canned foods among youth and adults, will be a market booster.
The restraining factors for this market's growth are the adverse effects of glucose syrup on human health.
