Sales of Glucose Syrup are projected to rise at a CAGR of 5% from 2023 to 2033

Glucose syrup, a sweetening agent derived from starch, has become an integral ingredient in various food and beverage products worldwide.

Apr 2, 2024 - 20:54
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Sales of Glucose Syrup are projected to rise at a CAGR of 5% from 2023 to 2033

The global glucose syrup market is valued at US$ 4.2 billion in 2023 and is projected to reach US$ 6.9 billion by the end of 2033, expanding at a steady CAGR of 5% from 2023 to 2033.

This research report delves into the dynamics of the global glucose syrup market, analyzing key factors influencing its growth, major players, regional trends, regulatory landscape, and future prospects.

This section offers a comprehensive overview of the global glucose syrup market, including market size, segmentation by type (e.g., high maltose, high fructose, high dextrose), applications (food and beverages, pharmaceuticals, cosmetics), and geographical regions. Market trends, growth drivers, and challenges are analyzed to provide a holistic understanding of the market landscape.

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Key Takeaways from Market Study

  • The global glucose syrup market is estimated to reach a value of US$ 4.2 billion in 2023.
  • Global demand for glucose syrup is forecasted to increase at a CAGR of 5% from 2023 to 2033.
  • The market is predicted to reach a valuation of US$ 6.9 billion by the end of 2033.
  • Asia Pacific is projected to hold a substantial share of the global market revenue over the forecast period.

Market Dynamics:

  • Growth Drivers: Factors such as increasing demand for sweetening agents in the food and beverage industry, rising consumer preference for natural and organic ingredients, and the expanding application scope of glucose syrup in various sectors are driving market growth.
  • Challenges: Fluctuations in raw material prices, stringent regulatory standards, and the availability of alternative sweetening agents pose challenges to market expansion.
  • Opportunities: Growing consumer awareness regarding health and wellness, product innovation, and expansion in emerging markets present lucrative opportunities for market players.

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Competitive Landscape:

An analysis of the competitive landscape identifies the leading players in the global glucose syrup market, their market share, product portfolio, and strategic initiatives. Key players include Cargill, Inc., Bakers Kitchen, Tate and Lyle, Roquette Freres, Queen Fine Foods, Grain Processing Corporation, DGF Service, Archer Daniels Midland

Recent News:

In November 2020, Ingredion Inc. announced the launch of Stablesweet LD low-sugar glucose syrup. It is derived from corn and enables producers to manufacture shelf-stable products with comparatively lower sugar content.

Market Segmentation:

By Grade :
Food
Pharma
Industrial
Others

By Source :
Wheat
Corn
Barley
Rice
Potatoes
Cassava
Others

By Form :
Liquid
Granular

By Application :
Pharmaceuticals
Foods
Beverages
Confectioneries
Others

Regional Analysis:

Asia Pacific to Remain Significant Contributor to Global Market Revenue

Asia Pacific is estimated to hold a noteworthy share of total global market revenue over the forecast period from 2023 to 2033. Easy availability of raw materials and increasing demand for various sweet products, including chocolate, ice cream, etc., are expected to drive growth opportunities for market players in the region.

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Future Outlook:

The future outlook section offers insights into the anticipated growth trajectory of the glucose syrup market, emerging trends, technological advancements, and strategic recommendations for industry players to capitalize on market opportunities and mitigate challenges.

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