Global Glucose Syrup Market Size, Share & Industry Trends Analysis Report By Grade (Beverages, Food and Pharma & Others), By Application (Wine, Sweetening Agent and Others), By Regional Outlook and Forecast, 2022 - 2028

Global Glucose Syrup Market Size, Share & Industry Trends Analysis Report By Grade (Beverages, Food and Pharma & Others), By Application (Wine, Sweetening Agent and Others), By Regional Outlook and Forecast, 2022 - 2028

The Global Glucose Syrup Market size is expected to reach $5.1 billion by 2028, rising at a market growth of 4.4% CAGR during the forecast period.

Sugar is hydrolyzed to create glucose syrup, sometimes referred to as a confectioner's glucose. A sugar is glucose. In the US, maize (corn) is frequently used as the starch source, in which case the syrup is known as "corn syrup," although glucose syrup can also be produced using potatoes, wheat, and less frequently, barley, rice, and cassava. Because they are abundant sources of starch, corn, rice, wheat, and potatoes are typically used to manufacture glucose syrup, which is a sweetening liquid that is created after the hydrolysis of the glucose molecule.

Generally speaking, glucose syrup is fat-free yet heavy in calories. Cornstarch-based glucose syrup also has trace amounts of calcium, zinc, and thiamine. Beer is occasionally made using glucose sugar as well. In the household, glucose sugar is a highly frequent ingredient used to produce iced tea or homemade lemonade. Many top-tier chefs employ glucose sugar to improve the flavor of their dishes.

Growing consumer demand for convenience foods and increased use of glucose syrup in baked goods like sweets are two reasons driving the market's expansion. Glucose syrup is needed as a sweetener in sectors like confectionery, pharmaceuticals, and food & drinks. Due to the increased demand for sugar substitutes, glucose syrups are also utilized in the production of ice cream, chocolate, chewing gum, and canned foods.

Due to its long shelf life, glucose syrup is becoming more and more popular. It also provides a superior substitute for regular granulated sugar. The requirement for glucose syrup is driven by its non-toxic, anti-crystal, anti-freezing, humectant that is ingredient that retains moisture and keeps freshness, and preservation characteristics. In addition to being used as a sweetener, glucose syrup is increasingly being used as a thickening. Also, by providing a food grade a shine and varnish, glucose syrup raises the grade's organoleptic value.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic is having an impact on all manufacturers and the entire industry. The long-term effect is anticipated to be noticeable in the industry's growth during the anticipated era. There are many changes that have occurred in consumer demand and purchasing behavior, and investigation shed light on the challenges facing COVID-19. Significant alterations in consumer demand, buying habits, supply chain rerouting, industry trends, and governmental interventions were seen during the pandemic. In the upcoming years, the market is predicted to increase.

Market Growth Factors

Growing Uses Of Glucose Syrup In The Food And Beverage Sector

Cakes and other baked items are in extremely high demand. Additionally, because of its consistency which helps to avoid crystallization, glucose syrup is frequently used in the making of candy. Chefs prefer glucose syrup because it doesn't change the product's look and improves moisture retention, which keeps baked goods fresh. Sugar syrups are more widely used in the confectionery business because they keep a smooth texture and minimize graininess.

The Rise In The Usage Of Glucose Syrup In Pharmaceutical Products

Cough syrups and tonics with vitamin bases frequently contain glucose syrup. Additionally, it serves as the main element in cough lozenges. Glucose syrup is a key component in producing a moderate sweetness, stability, and nice mouth feel. Sugar is often utilized as a pharmaceutical excipient in tablets or capsules to help with appearance, the convenience of transport, and storage in addition to taste and texture. A pill is shielded from the harmful effects of air and moisture once it has been sugar-coated, and it also tastes better and is simpler to swallow after being blended with coloring chemicals.

Market Restraining Factors

High Chances Of Diabetes

Many medical specialists believe that fructose is healthier for diabetics than sugar, however, glucose may be metabolized by every cell in the body. On the other side, the liver is responsible for metabolizing fructose. High fructose corn syrup which includes a lot of free-floating fructose, has been specifically related to diabetes. Glucose syrup has minimal nutritional value, in contrast to fruit, which includes fructose but also has fibre and nutrients to help the body better absorb it. There are only calories & questionable sugar, nothing else.

Grade Outlook

On the basis of grade, the glucose syrup market is segmented into Beverage, Food and Pharma & Others. Beverage segment recorded the maximum revenue share in glucose syrup market in 2021. Fruit drinks and soft drinks include a significant amount of glucose syrup. Furthermore, during the past few years, the use of soft drinks has surged fivefold. Sales of glucose syrup are anticipated to increase as a result. There are many companies that are launching different drinks with great flavor, which would accelerate the growth of the segment

Application Outlook

Based on application, the glucose syrup market is classified into Sweetening Agent, Wine and Others. The sweetening agent segment witnessed a substantial revenue share in the glucose syrup market in 2021. In reality, liquid glucose is simply syrupy sugar. A common pantry product, corn derivative syrup is produced in factories using maize starch and a limited number of chemical processes. Glucose syrup primarily serves as a thickening, condensation, or sweetening agent in the manufacturing of commercial food.

Regional Outlook

Region-wise, the glucose syrup market is analyzed across North America, Europe, Asia Pacific and LAMEA. The Asia Pacific emerged as the leading region in the glucose syrup market with the maximum revenue share in 2021. Due to China's and India's expanding need for a sugar substitute and the rising demand for glucose syrup in these nations, the region continues to be the top market. In order to fight diseases like diabetes and obesity, customers are seeking more natural and healthy alternatives to conventional sugar.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dr. August Oetker KG, Archer Daniels Midland Company, Ingredion, Incorporated, AGRANA Beteiligungs-AG, Tate & Lyle PLC, BENEO GmbH (Südzucker AG), Cargill Corporation, Grain Processing Corporation (Kent Corporation), Royal Avebe U.A., and Roquette Freres SA.

Strategies Deployed in Glucose Syrup Market

May-2021: Ingredion entered into an agreement with Amyris, synthetic biotechnology and renewable chemical company. This agreement aimed for the exclusive licensing of Amyris’s zero-calorie, nature-based, fermented Reb M sweetener. The integration of Amyris’s top synthetic biology technology platform to create, scale, and make fermentation-based products with Ingredion’s worldwide market and user reach, formulation offerings, and commercial teams would boost the accessibility and adoption of zero-calorie, nature-based sweeteners and other clean labeled fermentation-based food ingredients to the world’s top food and beverage enterprises.

Feb-2021: Tate & Lyle acquired an 85% shareholding in Chaodee Modified Starch, a well-established tapioca-modified food starch manufacturer located in Thailand. This acquisition aimed to expand Tate & Lyle's presence in specialty tapioca-based restaurants and enable companies to provide a wider range of tapioca-based solutions to fulfill customers’ requirements for better tasting and clean label foods.

Nov-2020: Ingredion launched Stablesweet LD low sugar glucose syrup. This launch would expand the company's portfolio of sugar reduction and specialty sweetener solutions across the Middle East and Africa.

Jul-2020: Cargill released C✩TruSweet 01795, a new sweetener. This product would allow a 30% sugar and calorie reduction in beverages and other food applications through less usage levels.

Jul-2020: Ingredion took over PureCircle Limited, the world’s leading producer and innovator of plant-based stevia sweeteners & flavors for the food & beverage sector. This acquisition aimed to improve the Driving Growth Roadmap and further align the company's sugar reduction and specialty sweetener platform to the megatrends in the food & beverage sector.

Sep-2018: Cargill signed an agreement to acquire Konspol, a leading value-added food company. This acquisition aimed to release Cargill’s global protein business into the Polish market and would strengthen the company’s global poultry footprint, expanding operations to 14 nations.

Jul-2018: Archer Daniels Midland Company formed a joint venture with Aston Foods and Food Ingredients. This venture aimed to offer sweeteners and starches to users in Russia. In addition, this new joint venture would witness the two firms, partners, own and manage Aston subsidiary AKP, which would provide key customers in the Russian food and beverage industry.

Scope of the Study

Market Segments covered in the Report:

By Grade

  • Beverages
  • Food
  • Pharma & Others
By Application
  • Wine
  • Sweetening Agent
  • Others
By Geography
  • North America
US

Canada

Mexico

Rest of North America
  • Europe
Germany

UK

France

Russia

Spain

Italy

Rest of Europe
  • Asia Pacific
China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific
  • LAMEA
Brazil

Argentina

UAE

Egypt

South Africa

Nigeria

Rest of LAMEA

Companies Profiled
  • Dr. August Oetker KG
  • Archer Daniels Midland Company
  • Ingredion, Incorporated
  • AGRANA Beteiligungs-AG
  • Tate & Lyle PLC
  • BENEO GmbH (Südzucker AG)
  • Cargill Corporation
  • Grain Processing Corporation (Kent Corporation)
  • Royal Avebe U.A.
  • Roquette Freres SA
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Glucose Syrup Market, by Grade
1.4.2 Global Glucose Syrup Market, by Application
1.4.3 Global Glucose Syrup Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Glucose Syrup Market
Chapter 4. Global Glucose Syrup Market by Grade
4.1 Global Beverages Market by Region
4.2 Global Food Market by Region
4.3 Global Pharma & Others Market by Region
Chapter 5. Global Glucose Syrup Market by Application
5.1 Global Wine Market by Region
5.2 Global Sweetening Agent Market by Region
5.3 Global Others Market by Region
Chapter 6. Global Glucose Syrup Market by Region
6.1 North America Glucose Syrup Market
6.1.1 North America Glucose Syrup Market by Grade
6.1.1.1 North America Beverages Market by Country
6.1.1.2 North America Food Market by Country
6.1.1.3 North America Pharma & Others Market by Country
6.1.2 North America Glucose Syrup Market by Application
6.1.2.1 North America Wine Market by Country
6.1.2.2 North America Sweetening Agent Market by Country
6.1.2.3 North America Others Market by Country
6.1.3 North America Glucose Syrup Market by Country
6.1.3.1 US Glucose Syrup Market
6.1.3.1.1 US Glucose Syrup Market by Grade
6.1.3.1.2 US Glucose Syrup Market by Application
6.1.3.2 Canada Glucose Syrup Market
6.1.3.2.1 Canada Glucose Syrup Market by Grade
6.1.3.2.2 Canada Glucose Syrup Market by Application
6.1.3.3 Mexico Glucose Syrup Market
6.1.3.3.1 Mexico Glucose Syrup Market by Grade
6.1.3.3.2 Mexico Glucose Syrup Market by Application
6.1.3.4 Rest of North America Glucose Syrup Market
6.1.3.4.1 Rest of North America Glucose Syrup Market by Grade
6.1.3.4.2 Rest of North America Glucose Syrup Market by Application
6.2 Europe Glucose Syrup Market
6.2.1 Europe Glucose Syrup Market by Grade
6.2.1.1 Europe Beverages Market by Country
6.2.1.2 Europe Food Market by Country
6.2.1.3 Europe Pharma & Others Market by Country
6.2.2 Europe Glucose Syrup Market by Application
6.2.2.1 Europe Wine Market by Country
6.2.2.2 Europe Sweetening Agent Market by Country
6.2.2.3 Europe Others Market by Country
6.2.3 Europe Glucose Syrup Market by Country
6.2.3.1 Germany Glucose Syrup Market
6.2.3.1.1 Germany Glucose Syrup Market by Grade
6.2.3.1.2 Germany Glucose Syrup Market by Application
6.2.3.2 UK Glucose Syrup Market
6.2.3.2.1 UK Glucose Syrup Market by Grade
6.2.3.2.2 UK Glucose Syrup Market by Application
6.2.3.3 France Glucose Syrup Market
6.2.3.3.1 France Glucose Syrup Market by Grade
6.2.3.3.2 France Glucose Syrup Market by Application
6.2.3.4 Russia Glucose Syrup Market
6.2.3.4.1 Russia Glucose Syrup Market by Grade
6.2.3.4.2 Russia Glucose Syrup Market by Application
6.2.3.5 Spain Glucose Syrup Market
6.2.3.5.1 Spain Glucose Syrup Market by Grade
6.2.3.5.2 Spain Glucose Syrup Market by Application
6.2.3.6 Italy Glucose Syrup Market
6.2.3.6.1 Italy Glucose Syrup Market by Grade
6.2.3.6.2 Italy Glucose Syrup Market by Application
6.2.3.7 Rest of Europe Glucose Syrup Market
6.2.3.7.1 Rest of Europe Glucose Syrup Market by Grade
6.2.3.7.2 Rest of Europe Glucose Syrup Market by Application
6.3 Asia Pacific Glucose Syrup Market
6.3.1 Asia Pacific Glucose Syrup Market by Grade
6.3.1.1 Asia Pacific Beverages Market by Country
6.3.1.2 Asia Pacific Food Market by Country
6.3.1.3 Asia Pacific Pharma & Others Market by Country
6.3.2 Asia Pacific Glucose Syrup Market by Application
6.3.2.1 Asia Pacific Wine Market by Country
6.3.2.2 Asia Pacific Sweetening Agent Market by Country
6.3.2.3 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Glucose Syrup Market by Country
6.3.3.1 China Glucose Syrup Market
6.3.3.1.1 China Glucose Syrup Market by Grade
6.3.3.1.2 China Glucose Syrup Market by Application
6.3.3.2 Japan Glucose Syrup Market
6.3.3.2.1 Japan Glucose Syrup Market by Grade
6.3.3.2.2 Japan Glucose Syrup Market by Application
6.3.3.3 India Glucose Syrup Market
6.3.3.3.1 India Glucose Syrup Market by Grade
6.3.3.3.2 India Glucose Syrup Market by Application
6.3.3.4 South Korea Glucose Syrup Market
6.3.3.4.1 South Korea Glucose Syrup Market by Grade
6.3.3.4.2 South Korea Glucose Syrup Market by Application
6.3.3.5 Singapore Glucose Syrup Market
6.3.3.5.1 Singapore Glucose Syrup Market by Grade
6.3.3.5.2 Singapore Glucose Syrup Market by Application
6.3.3.6 Malaysia Glucose Syrup Market
6.3.3.6.1 Malaysia Glucose Syrup Market by Grade
6.3.3.6.2 Malaysia Glucose Syrup Market by Application
6.3.3.7 Rest of Asia Pacific Glucose Syrup Market
6.3.3.7.1 Rest of Asia Pacific Glucose Syrup Market by Grade
6.3.3.7.2 Rest of Asia Pacific Glucose Syrup Market by Application
6.4 LAMEA Glucose Syrup Market
6.4.1 LAMEA Glucose Syrup Market by Grade
6.4.1.1 LAMEA Beverages Market by Country
6.4.1.2 LAMEA Food Market by Country
6.4.1.3 LAMEA Pharma & Others Market by Country
6.4.2 LAMEA Glucose Syrup Market by Application
6.4.2.1 LAMEA Wine Market by Country
6.4.2.2 LAMEA Sweetening Agent Market by Country
6.4.2.3 LAMEA Others Market by Country
6.4.3 LAMEA Glucose Syrup Market by Country
6.4.3.1 Brazil Glucose Syrup Market
6.4.3.1.1 Brazil Glucose Syrup Market by Grade
6.4.3.1.2 Brazil Glucose Syrup Market by Application
6.4.3.2 Argentina Glucose Syrup Market
6.4.3.2.1 Argentina Glucose Syrup Market by Grade
6.4.3.2.2 Argentina Glucose Syrup Market by Application
6.4.3.3 UAE Glucose Syrup Market
6.4.3.3.1 UAE Glucose Syrup Market by Grade
6.4.3.3.2 UAE Glucose Syrup Market by Application
6.4.3.4 Egypt Glucose Syrup Market
6.4.3.4.1 Egypt Glucose Syrup Market by Grade
6.4.3.4.2 Egypt Glucose Syrup Market by Application
6.4.3.5 South Africa Glucose Syrup Market
6.4.3.5.1 South Africa Glucose Syrup Market by Grade
6.4.3.5.2 South Africa Glucose Syrup Market by Application
6.4.3.6 Nigeria Glucose Syrup Market
6.4.3.6.1 Nigeria Glucose Syrup Market by Grade
6.4.3.6.2 Nigeria Glucose Syrup Market by Application
6.4.3.7 Rest of LAMEA Glucose Syrup Market
6.4.3.7.1 Rest of LAMEA Glucose Syrup Market by Grade
6.4.3.7.2 Rest of LAMEA Glucose Syrup Market by Application
Chapter 7. Company Profiles
7.1 Dr. August Oetker KG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.2 Archer Daniels Midland Company
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.3 Ingredion, Incorporated
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.5.3 Acquisition and Mergers:
7.4 AGRANA Beteiligungs-AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Tate & Lyle PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.6 BENEO GmbH (Südzucker AG)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 Cargill Corporation
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.7.2.2 Acquisition and Mergers:
7.8 Grain Processing Corporation (Kent Corporation)
7.8.1 Company Overview
7.9 Royal Avebe U.A.
7.9.1 Company Overview
7.10. Roquette Freres SA
7.10.1 Company Overview

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