Glucose Syrup Market Size, Share & Trends Analysis Report By Grade (Food, Pharma), By Application (Sweetening Agent, Wine), By Region, And Segment Forecasts, 2019 - 2025

Glucose Syrup Market Size, Share & Trends Analysis Report By Grade (Food, Pharma), By Application (Sweetening Agent, Wine), By Region, And Segment Forecasts, 2019 - 2025

Glucose Syrup Market Growth & Trends

The global glucose syrup market size is expected to reach USD 4.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% over the forecast period. Long shelf life, nontoxicity, anti-crystal, anti-freezing humectant (an element that retains moisture and maintains freshness), and preservative properties are fueling the demand for glucose syrup. Additionally, industries such as confectionery, pharmaceuticals, and food and beverages require glucose syrup as a sweetener.

Although adverse effects due to heavy intake of glucose syrup are causing a negative impact on the market growth. Additionally, public food systems, diversification of sugar over inefficient rationing, and falling cost due to market fragmentation, are some of the factors challenging the market. However, growing demand for convenience food and glucose syrup in baked food items like candy are some of the factors propelling the market growth. Application of glucose syrup as a thickener is gaining popularity.

The dextrose syrup market based on grade is classified as food, pharma, and others. The food and others segments are expected to witness significant growth over the forecast period, owing to high demand for sweeteners in the confectionery industry. In addition, beverages such as cold drinks hold a considerable share in the market. Fruit drinks and soft drinks contain almost 50.0% of glucose syrup. Intake of soft drinks and cold drinks has increased over the past few years, which, in turn, is boosting the market growth.

In 2018, Asia Pacific held the largest market share of 30.0% in terms of revenue. The region continues to be the leading market owing to rising demand for glucose syrup in China and India and growing need for a sugar replacement in these countries. Russia is anticipated to witness considerable growth due to its huge production of sugar beet.

Europe is likely to be one of the major regional markets over the forecast period owing to growing demand for the product in France and Germany. North America is expected to witness healthy growth over the forecast period owing to provision of farm subsidies by the government. This region has the most country-specific markets namely U.S., Canada, and Mexico, wherein U.S. is the most secure economy.

Various manufacturers are engaged in increasing the concentration of glucose syrup to increase the efficiency and reduce the transportation cost. The market is competitive in nature with a significant number of established players, investing heavily in R&D activities. Key players having a strong foothold in the global market 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; and Tate and Lyle.

Glucose Syrup Market Report Highlights

• Food grade is projected to ascend at a CAGR of 4.7% over the forecast period
• Others inclusive of beverages dominated the global market with over 39.0% share of the overall revenue in 2018
• North America dominated the global market in 2018 and accounted for 25.6% share of the overall revenue. This trend is projected to continue over the next few years
• Countries such as Germany are considered to be the major markets due to high disposable income of the consumers, followed by India, China, and Japan in Asia Pacific
• The industry is highly competitive in nature due to presence of the main players including Cargill, Inc.; Bakers Kitchen; Archer Daniels Midland; Roquette Freres; and Tate and Lyle
• Various manufacturers are concentrating on new product launches, capacity expansion, and product portfolio extension to estimate existing and future demand patterns from upcoming application segments.