Global Fructose Market to Reach $14.4 Billion by 2030
The global market for Fructose estimated at US$9.3 Billion in the year 2023, is expected to reach US$14.4 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2023-2030. High Fructose Corn Syrup, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$8.4 Billion by the end of the analysis period. Growth in the Fructose Syrups segment is estimated at 7.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 9.8% CAGR
The Fructose market in the U.S. is estimated at US$2.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2030.
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