ID: MRFR/F-B & N/1726-CR | February 2021 | Region: Global | 125 pages
Glucose Syrup Market Overview:
The liquid made after hydrolysis of glucose molecules commonly by wheat, corn, potato, and rice is a Glucose Syrup. It is used as sweeter in the preparation of frozen dessert, and baked food items. It contains a large number of calories but is free from fat content. The Glucose syrup is manufactured from cornstarch and contains a little amount of zinc, thiamine, and calcium. Glucose syrup is used In the production of beer and used as an ingredient in homemade iced tea or lemonade drink.
Conventional granular sugar has chosen an alternative and is highly replaced by Glucose Syrup. The Glucose Syrup is highly used in the convenience food market as well and has gained pace in the market. The Global Glucose Syrup Market has witnessed it to continue to reach up to 29,888-kilo tons by 2022, at a CAGR of 3.6% from 2016 to 2022. The gradual rise in the Glucose Syrup market has impacted the behavior of the consumers and it led to the rise of the market economy.
The covid-19 is an unparalleled global health emergency that has affected the entire industry and all the manufacturers as well. The long-term impact will be seen in the industry growth during the forecast period. The ongoing research shows that the Covid-19 issues and the potential paths in the coming times will amplify the research framework to ensure better incorporation of the production. The demand and the purchase patterns of the consumers have been changed considerably and this report gave insights on COVID-19 issues.
The changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments have been seen during the Covid-19 situation. The updated studies have provided the analysis, estimations, insights, and forecasts that have impacted the market growth.
Glucose Syrup Market Dynamics:
The Glucose Syrup Market is growing with the increased demand for bakery products and baked food items such as waffles, pancakes, etc. and it is a key factor that drives the growth of the market. The rise in consumer awareness regarding health and its benefits is another factor that has increased the consumption of glucose in the market and is expected to increase in the next few years. Also, the rise of the glucose syrup has been increased as it prevents the crystallization in the production of candies, and that too projected the growth in the global Glucose Syrup Market. The baked products are more preferred when they are designed attractively so the Glucose Syrup does not affect the appearance and improves in retaining the moisture that keeps the baked food products fresh. This usage of Glucose syrup boosted the market size on a really wide scale. Now almost in all the confectionery product preparation, the grainy textures have been prevented by using Glucose syrup and the growth of the global glucose syrup market has been projected to grow in the said forecast.
Apart from this, the growing food and beverage sectors are also a factor in developing the economies as the change in habits and rise in health awareness with driving the growth the global market in the upcoming years.
The driving factors that changed the Glucose Syrup market trends are due to some keen factors and properties of the Glucose syrup. These elements retain moisture and maintain the freshness of the products.
The major impact on the Glucose Syrup market growth is dependent on the below stakeholders.
The growth in demand for gums is been used as an alternative to glucose, dextrose, and maltodextrin are the restraints in the market growth.
The glucose, dextrose, and maltodextrin global market are segmented as follows:
In the regional growth, North America is expected to grow and witness healthy growth over the forecast period and will owe farm subsidies by the government. The regions namely U.S., Canada, and Mexico were the specific markets for the growth out of which the U.S. has the most secure economy.
The major regional market is likely to be the one over the forecast period and owing to the
growing demand for the syrup in France and Germany. The fastest-growing regional market in the Asia-Pacific market is expected to improve as the population is developing good eating habits and adopting the western culture in the developing countries. India and China are expected to boost the market with the emergence of new players with the e-commerce platforms in such countries.
In 2018, Asia Pacific held the largest market in terms of revenue and gave a market share of around 30%. The demand for glucose syrup has grown in China and India as it became the best replacement for sugar in these countries owing to lead the market in these regions. Consumers are alternating the conventional sugar to the more natural and healthier way by choosing Glucose Syrup products that helped combat the diseases like diabetes and obesity. Due to sugarbeet production in Russia, it is anticipated to witness considerable growth in the market in the said forecast.
The fastest-growing regional market in the Asia-Pacific market is expected to improve as the population is developing good eating habits and adopting the western culture in the developing countries. India and China are expected to boost the market with the emergence of new players with the e-commerce platforms in such countries. The baked products are more preferred when they are designed in an attractive way so the Glucose Syrup does not affect the appearance and improves in retaining the moisture that keeps the baked food products fresh.
This usage of Glucose syrup boosted the market size on a really wide scale. There is a soaring demand for glucose syrups amongst the age groups of different people. Mainly, young infants, and adults, are the potential customers for the global glucose syrup market. Now almost in all the confectionery product preparation, the grainy textures have been prevented by using Glucose syrup and the growth of the global glucose syrup market has been projected to grow in the said forecast.
Frequently Asked Questions (FAQ) :
Glucose syrup market is expected to reach a volumetric figure of 29,888 kilotons by 2022.
Glucose syrup market is expected to exhibit a strong 3.6% CAGR over the forecast period from 2016 to 2022.
The rising demand from the food and beverages industry is the major driver for the glucose syrup market.
Asia Pacific is likely to dominate the global glucose syrup market.
Key players in the market include Cargill, Archer Daniels Midland Company, and Tate & Lyle, among others.