Glucose Syrup Market Forecasts to 2030 – Global Analysis By Source (Rice, Barley, Wheat, Cassava, Potatoes, Corn and Other Sources), Grade, Form, Application, End User and By Geography

Glucose Syrup Market Forecasts to 2030 – Global Analysis By Source (Rice, Barley, Wheat, Cassava, Potatoes, Corn and Other Sources), Grade, Form, Application, End User and By Geography

According to Stratistics MRC, the Global Glucose Syrup Market is accounted for $3.84 billion in 2023 and is expected to reach $6.35 billion by 2030 growing at a CAGR of 7.4% during the forecast period. The hydrolysis of glucose molecules yields glucose syrup, a liquid sweetener. Due to their high starch content, grains like corn, rice, wheat, and potatoes are frequently used to manufacture glucose syrup. Candy and frozen treats are both made with glucose syrup. Glucose syrup is also used to sweeten baked items. As there is a growing need for sugar replacements, glucose syrups are used in the production of ice cream, chewing gum, chocolate, and canned foods.

Market Dynamics:

Driver:

Rising demand for cosmetics

The market for glucose will experience substantial growth as people become more aware of the advantages of wearing cosmetics to boost self-esteem and personal cleanliness. Numerous cosmetics and personal care items have glucose as a key ingredient. This component will therefore guarantee the glucose market's anticipated growth. The market is anticipated to expand, nevertheless, as the food and beverage industry in developing countries grows, eating patterns change, and public awareness of health issues rises.

Restraint:

High chances of diabetes curb

Although glucose is metabolized by every cell in the body, many doctors believe fructose is better for persons with diabetes than sugar. On the other hand, fructose metabolism is under the control of the liver. Diabetes has been associated with high fructose corn syrup, which includes a lot of free-floating fructose. Compared to fruit, which provides nutrients to help the body digest it as well as fructose, fiber, and other nutrients, glucose syrup is not as nutrient-dense. There are only calories and questionable sugar, which is preventing the market from expanding.

Opportunity:

Growing demand for baked goods and cakes

Glucose syrup is widely used in the production of sweets because its consistency prevents crystallization. This prevents crystallization. It is preferred for cooking since it has no negative effects on the product's appearance and encourages water retention, which keeps the baked dish's freshness. Because glucose syrups prevent a gritty texture and maintain smoothness, their use in the creation of confectionery products has increased. Thus, there is an increasing demand for cakes and other baked items.

Threat:

Rising health consciousness

Rising health consciousness among consumers as a result of diabetes, high blood pressure, and other lifestyle diseases and health conditions is anticipated to impede market expansion. Additionally, it is predicted that the market growth will be hampered by the increased popularity of natural sugar sources like jaggery and honey. However, difficulties including fluctuating raw material prices and strict regulations in some locations can moderate the rise.

Covid-19 Impact:

The whole industry and all manufacturers are being impacted by the pandemic's spread. The industry's expansion will be evident during the anticipated time period of the anticipated long-term impact. Numerous changes in consumer demand and purchasing patterns have taken place, and research has brought attention to the problems that COVID-19 faces. Significant changes in consumer demand, buying habits, supply chain rerouting, market trends, and governmental responses occurred during the epidemic. In the upcoming years, the market is anticipated to expand.

The food segment is expected to be the largest during the forecast period

The food segment is expected to be the largest during the forecast period. The expansion of the bread business and the high demand for sweeteners in confectionery grades are both promoting category growth. The industrial and pharmaceutical categories round off the list. This market segment holds a sizable share. Glucose syrup is widely used in soft drinks and fruit juices. The usage of soft drinks has also increased. Sales of glucose syrup are anticipated to benefit as a result.

The beverage segment is expected to have the highest CAGR during the forecast period

The beverage segment is expected to have the highest CAGR during the forecast period. Since the quality of ice cream, desserts, chocolates, and many other products can be impacted by the crystal size distribution of granular or powdered glucose, the use of liquid glucose in food and beverage production is anticipated to rise. Glucose is a specialized food ingredient with unique qualities that work well with the use of white sugar. It is now extensively utilized in the beverage sector.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. The regional market is predicted to be driven by the presence of major companies in the area and ongoing research efforts to develop low-sugar glucose powder or syrup. Adopting a few tactics, such as offering low-cost goods, goods with less calories, and flavored glucose syrup, can greatly increase the region's growth prospects.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. The market is expected to rise as a result of the increased demand for sweet food items like chocolates and ice cream as well as the easy availability of raw materials due to an increase in the area under wheat and corn cultivation in the area. In order to fight diseases like diabetes and obesity, consumers are looking for more natural and healthy alternatives to conventional sugar. The processed food industry is predicted to have a significant demand for glucose.

Key players in the market

Some of the key players in Glucose Syrup market include Ingredion, Karo Syrup, Grain Processing Corporation, Bakers Kitchen, L'Epicerie, Queen Fine Foods, Cargill, Inc., Agrana Group, Roquette Freres, Dr. Oetker, Archer Daniels Midland, Avebe U.A., DGF Service, Tate and Lyle and Beneo.

Key Developments:

In August 2022, Grain Processing Corporation (GPC), a subsidiary of KENT Corporation, closed on its acquisition of Natural Products, Inc. (NPI) for an undisclosed amount. NPI was advised by Generational Equity, an M&A service provider for privately held companies, on the acquisition.

In February 2021, Tate & Lyle purchased an 85% stake in Chaodee Modified Starch, a well-established tapioca-modified food starch producer based in Thailand. This acquisition sought to increase Tate & Lyle's footprint in specialty tapioca-based restaurants.

Sources Covered:
• Rice
• Barley
• Wheat
• Cassava
• Potatoes
• Corn
• Other Sources

Forms Covered:
• Liquid
• Granular
• Other Forms

Applications Covered:
• Sweetening Agent
• Wine
• Other Applications

End Users Covered:
• Food
• Confectionery
• Beverage
• Pharmaceuticals
• Cosmetics
• Personal Care
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


Companies Mentioned
Ingredion
Karo Syrup
Grain Processing Corporation
Bakers Kitchen
L'Epicerie
Queen Fine Foods
Cargill, Inc.
Agrana Group
Roquette Freres
Dr. Oetker
Archer Daniels Midland
Avebe U.A.
DGF Service
Tate and Lyle
Beneo