Global Glucose Syrup Market Size Study by Grade (Food, Pharma, Others), by Application (Sweetening Agent, Wine, Others), and Regional Forecasts 2022–2032

Global Glucose Syrup Market Size Study by Grade (Food, Pharma, Others), by Application (Sweetening Agent, Wine, Others), and Regional Forecasts 2022–2032

The global glucose syrup market size was valued at approximately USD 4.29 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2032. This surge is propelled by the rising demand for convenient and processed foods, which has driven the adoption of glucose syrup across various industries, particularly in food, beverage, and pharmaceuticals.

Glucose syrup, derived from ingredients such as corn, wheat, and maize starch, has become a pivotal component in the manufacturing of diverse products. Its unique properties, including smoothness, stability, and enhanced shelf life, have made it indispensable in the confectionery, baking, and frozen dessert industries. For instance, it is used in the production of ice cream, chewing gum, chocolate, and canned food, offering cost efficiency and quality improvement in end products.

Additionally, glucose syrups are gaining traction in the pharmaceutical industry due to their humectant properties and ability to mask the bitter taste of oral medications, enhancing their palatability. As the demand for high-quality alcohol rises, glucose syrup is also being used as an adjunct in alcohol production to enhance yeast biomass and improve alcohol concentration.

The market is witnessing a growing preference for glucose syrups in the food-grade segment, driven by consumer interest in sweetened processed foods with longer shelf lives. Additionally, the pharmaceutical-grade glucose syrup market is projected to grow significantly as glucose-based excipients are increasingly employed in oral medications for infants and adults alike.

Manufacturers are also capitalizing on the demand for wine production, where glucose syrup serves as an important fermentable ingredient, contributing to the sweetening and textural enhancement of spirits. With rising urbanization and evolving consumer preferences for ready-to-eat meals, processed foods, and beverages, the Asia Pacific region is poised to experience the fastest growth rate. China leads the regional market due to its significant processed food industry, which continues to expand in response to urbanization and changing dietary habits.

North America, however, dominates the global market due to its high consumption of confectioneries, bakery items, and alcoholic beverages. The U.S., a leading contributor in the region, has observed significant product launches in baked goods and alcoholic beverages, further driving the demand for glucose syrup.

Major market player included in this report are:
• Cargill, Inc.
• Agrana Group
• Avebe U.A.
• Bakers Kitchen
• Archer Daniels Midland
• Beneo
• DGF Service
• Ingredion
• Karo Syrup
• Dr. Oetker
• Grain Processing Corporation
• L'Epicerie
• Queen Fine Foods
• Roquette Freres
• Tate and Lyle

The detailed segments and sub-segment of the market are explained below:

By Grade
• Food
• Pharma
• Others

By Application
• Sweetening Agent
• Wine
• Others

By Region:

North America
• U.S.
• Canada
• Mexico

Europe
• UK
• France
• Italy
• Spain

Asia Pacific
• China
• Japan
• India
• South Korea
• Australia & New Zealand

Central & South America
• Brazil

Middle East & Africa
• South Africa

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations for future market approaches.
• Demand-side and supply-side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.