Market Analysis
The global glucose syrup market is estimated to touch USD 29,888 kilo tons at a 3.6% CAGR between 2016-2022, reveals the Market Research Future (MRFR) report. Glucose syrup, simply put, is a sweetening liquid that is made through hydrolysis of glucose molecules. Usually, potato, wheat, rice, and corn are used for making the glucose syrup as they have high contents of starch. Such syrups are mostly used for making candy, frozen dessert, and baked foods to add sweetness. They are available both in granular liquid forms.
Numerous factors are adding to the global glucose syrup industry. Such factors, according to the recent MRFR report, include growing need for convenience food, increasing use in baked foods such as candies, growing demand in different end use industries such as food and beverage, pharmaceuticals, and confectionery, and growing demand for sugar replacers in canned foods, chocolates, chewing gums and ice creams. Besides, its versatile usage in the healthcare sector, growth of complimentary industries, the explosive growth of packaged canned foods, support from the government to agriculture particularly to sugarcane sugar beet producers, and alluring features such as glaze generation, anti-crystal formation, anti-freezing, nontoxicity, preservative and humectant properties, and long shelf-life are also adding market growth.
On the contrary, extreme market fragmentation and diversification of sugar due to public food systems inefficient rationing are factors that may limit the global glucose syrup market over the forecast period.
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global glucose syrup based on application, form, grade, and source.
By source, the global glucose syrup market is segmented into cassava, rice, potatoes, barley, wheat, corn, and others. Of these, corn will lead the market over the forecast period, followed by wheat.
By grade, the global glucose syrup market is segmented into industrial, pharma, food, and others.
By form, the global glucose syrup market is segmented into granular, liquid, and others. Of these, the liquid form will dominate the market over the forecast period, followed by granular.
By application, the global glucose syrup is segmented into pharmaceuticals, confectionery, beverage, food, and others. Of these, food applications will have a major share in the market over the forecast period.
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Key Players
Eminent players profiled in the global glucose syrup market report include Grain Processing Corporation (U.S.), Tate Lyle plc (U.K.), Roquette (France), Agrana Group (Austria), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), and Cargill Inc. (U.S.), among others.
Regional Analysis
By region, the global glucose syrup market report covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Middle East Africa. Of these, the APAC region will lead the market over the forecast period for the burgeoning demand for glucose syrup in India China and the increasing need for sugar replacements in such countries. Consumers are on the lookout for healthier and natural alternatives to sugar for combating obesity and diabetes. Russia is a key contributor in the region for its huge sugar beet production.
The global glucose syrup market in North America is predicted to have notable growth over the forecast period for farm subsidy provision by the government. The US is the key contributor as it is the most secure economy and is followed by Canada Mexico.
The global glucose syrup market in Europe is predicted to have healthy growth over the forecast period for the burgeoning demand in Germany and France.
The global glucose syrup market in the MEA is predicted to have steady growth over the forecast period. It is led by Angola, South Africa, and other African regions.
