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Glucose Syrup Market

ID: MRFR/FnB/1726-CR
125 Pages
Harshita Gorade
February 2021

Glucose Syrup Market Size, Share, Industry Trend & Analysis Research Report Information- by Source (Corn, Wheat, Barley, Potatoes, Rice, Cassava and others), by Grade (Food, Pharma, Industrial and others), by Form (Liquid, Granular and others), by Application (Food, Beverage, Confectionery, Pharmaceuticals and others) and Region - Forecast to 2030

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Glucose Syrup Market Infographic
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Glucose Syrup Market Summary

As per MRFR analysis, the Glucose Syrup Market Size was estimated at 4922.49 USD Million in 2024. The glucose syrup industry is projected to grow from 5315.1 USD Million in 2025 to 10225.47 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 6.83 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The glucose syrup market is experiencing a dynamic shift towards natural and clean label products, driven by evolving consumer preferences.

  • The North American region remains the largest market for glucose syrup, reflecting robust demand in the food and beverage sector.
  • Asia-Pacific is identified as the fastest-growing region, propelled by increasing urbanization and changing dietary habits.
  • The food industry continues to dominate glucose syrup consumption, while the beverage industry is emerging as the fastest-growing segment.
  • Key market drivers include the rising demand in the food and beverage sector and the expansion of health and wellness products.

Market Size & Forecast

2024 Market Size 4922.49 (USD Million)
2035 Market Size 10225.47 (USD Million)
CAGR (2025 - 2035) 6.83%

Major Players

Cargill (US), Archer Daniels Midland (US), Tate & Lyle (GB), Ingredion (US), Roquette Freres (FR), MGP Ingredients (US), Grain Processing Corporation (US), Kraft Heinz (US), Südzucker AG (DE)

Glucose Syrup Market Trends

The glucose syrup market trends suggest that the industry is currently experiencing notable transformations driven by various factors. The increasing demand for natural sweeteners in food and beverage applications appears to be a primary catalyst for growth. As consumers become more health-conscious, manufacturers are adapting their product lines to include glucose syrup derived from natural sources. This shift not only aligns with consumer preferences but also enhances the appeal of products in a competitive landscape. Furthermore, the versatility of glucose syrup in various industries, including confectionery, bakery, and pharmaceuticals, suggests a broadening scope of applications that could further stimulate market expansion. In addition, the rising trend of clean label products is influencing the Glucose Syrup Market. Consumers are increasingly seeking transparency in ingredient sourcing and production processes. This trend may compel manufacturers to innovate and reformulate their offerings to meet these expectations. As sustainability becomes a focal point for many brands, the integration of eco-friendly practices in glucose syrup production could also play a pivotal role in shaping future market dynamics. Overall, the Glucose Syrup Market appears poised for growth, driven by evolving consumer preferences and industry adaptations.

Shift Towards Natural Sweeteners

The Glucose Syrup Market is witnessing a shift towards natural sweeteners as consumers increasingly prioritize health and wellness. This trend is prompting manufacturers to explore glucose syrup options derived from natural sources, enhancing product appeal.

Rise of Clean Label Products

The glucose syrup market trends predict that the demand for clean label products is gaining momentum within the Glucose Syrup Market. Consumers are seeking transparency in ingredient sourcing, which may drive manufacturers to reformulate their offerings to align with these preferences.

Sustainability Initiatives

Sustainability initiatives are becoming integral to the Glucose Syrup Market. As brands focus on eco-friendly practices, the production of glucose syrup may evolve to incorporate more sustainable methods, potentially influencing consumer choices.

Glucose Syrup Market Drivers

Rising Demand in Food and Beverage Sector

The Global Glucose Syrup Industry experiences a notable surge in demand driven by the food and beverage sector. Glucose syrup serves as a versatile sweetener and thickening agent, utilized in various products such as candies, baked goods, and beverages. As consumer preferences shift towards convenience foods and sweetened beverages, the market is projected to reach 3.68 USD Billion in 2024. This growth is indicative of the increasing reliance on glucose syrup as a key ingredient, suggesting a robust trajectory for the industry in the coming years.

Market Segment Insights

By Application: Food and Beverage (Largest) vs. Confectionery (Fastest-Growing)

In the Glucose Syrup Market, the application segment showcases a diverse distribution of market share. The Food and Beverage sector holds the largest stake, dominating the landscape with its extensive usage in various food products and drinks. This segment significantly influences consumer preferences and trends, largely driven by the growing demand for convenience foods and natural sweeteners. On the other hand, the confectionery segment is rapidly gaining traction, reflecting a fast-growing market with its innovative product offerings and consumer inclination towards indulgent treats. This segment thrives on market trends such as health-conscious choices and premium products, making it an area of focus amongst manufacturers.

Food and Beverage (Dominant) vs. Confectionery (Emerging)

The Food and Beverage segment has established itself as the dominant player in the glucose syrup market due to its versatility and widespread application in a multitude of products such as soft drinks, syrups, and sauces. This segment benefits from robust consumer demand for sweetening agents that enhance flavor while providing functional benefits like moisture retention. In contrast, the Confectionery segment is emerging as a vital part of the market, driven by innovation in candy and chocolate production. This segment taps into the rising consumer trends for specialty confections and artisan products. The increasing emphasis on natural and organic ingredients in confectionery items also plays a significant role in its growth, appealing to health-conscious consumers.

By End Use: Food Industry (Largest) vs. Beverage Industry (Fastest-Growing)

The Glucose Syrup Market is significantly driven by its predominant applications in the food and beverage sectors. The food industry holds the largest market share, utilizing glucose syrup for various products such as confectioneries, baked goods, and sauces, capitalizing on its sweetening and texturizing properties. Meanwhile, the beverage industry is rapidly catching up, with a noticeable increase in the use of glucose syrup in soft drink formulations, energy drinks, and flavored waters, indicating a shift towards healthier sweetening options.

Food Industry: Dominant vs. Beverage Industry: Emerging

In the Glucose Syrup Market, the Food Industry stands as the dominant segment, leveraging glucose syrup for its unparalleled versatility. It plays a crucial role in enhancing flavor, texture, and shelf-life, making it an essential ingredient in countless food products. Conversely, the Beverage Industry presents an emerging segment characterized by rapidly growing consumer preferences for low-calorie and natural sweeteners. This shift is propelled by increasing health consciousness among consumers who seek better-for-you beverage alternatives. As such, glucose syrup is increasingly utilized in creating innovative drink formulations that cater to this demand.

By Type: Liquid Glucose (Largest) vs. High Fructose Corn Syrup (Fastest-Growing)

In the Glucose Syrup Market, Liquid Glucose holds a significant position as the largest segment, attributed to its versatile applications across various industries such as food and beverage, pharmaceuticals, and cosmetics. High Fructose Corn Syrup follows closely, marking its presence due to its high sweetness level and cost-effectiveness in food production, especially in non-alcoholic beverages and processed foods.

Liquid Glucose (Dominant) vs. High Fructose Corn Syrup (Emerging)

Liquid Glucose is a highly refined syrup characterized by its sweetness and superior solubility, making it a crucial ingredient in confectionery, bakery products, and sauces. Its stable demand stems from its multifunctionality in various applications. Conversely, High Fructose Corn Syrup is gaining traction as an emerging alternative due to its high fructose levels, which enhance sweetness while reducing production costs. This segment is increasingly favored in healthier product formulations, reflecting a market shift toward reduced caloric content, thus supporting its rapid growth in the industry.

By Source: Corn (Largest) vs. Wheat (Fastest-Growing)

In the Glucose Syrup Market, the source segment is primarily dominated by corn, which accounts for a significant share due to its widespread availability and versatility in syrup production. Other sources such as wheat, potato, cassava, and sugarcane contribute to the market, but their shares are relatively smaller. While corn remains the preferred source, wheat is gaining attention for its potential as a valuable alternative, particularly in regions where corn is less accessible.

Corn (Dominant) vs. Wheat (Emerging)

Corn is established as the dominant source of glucose syrup, attributed to its high starch content and efficient processing capabilities. Its established supply chains and robust market presence bolster its significance in the industry. Conversely, wheat is emerging as a lucrative alternative, driven by innovative processing technologies that enhance its glucose syrup yield. As demand for diverse glucose sources rises, wheat's flexibility and potential for regional adaptation position it favorably in a shifting market landscape, appealing to manufacturers looking for sustainable alternatives.

Get more detailed insights about Glucose Syrup Market

Regional Insights

North America : Market Leader in Glucose Syrup

North America continues to lead the glucose syrup market, holding a significant share of 1967.25 million in 2024. The region's growth is driven by increasing demand in the food and beverage sector, particularly for sweeteners and thickening agents. Regulatory support for food safety and quality standards further enhances market stability, encouraging innovation and investment in production technologies. The competitive landscape is robust, with key players like Cargill, Archer Daniels Midland, and Ingredion dominating the market. The U.S. remains the largest contributor, supported by advanced manufacturing capabilities and a strong distribution network. The presence of major companies fosters a competitive environment, driving product development and market expansion.

Europe : Emerging Market with Growth Potential

Europe's glucose syrup market is valued at 1300.0 million, reflecting a growing demand for natural sweeteners and clean-label products. The region is witnessing a shift towards healthier food options, prompting manufacturers to innovate and adapt. Regulatory frameworks, such as the EU's food safety regulations, are pivotal in shaping market dynamics, ensuring quality and consumer safety. Leading countries like Germany, France, and the UK are at the forefront of this growth, with companies such as Tate & Lyle and Südzucker AG playing significant roles. The competitive landscape is characterized by a mix of established players and emerging startups, fostering innovation and collaboration. The focus on sustainability and organic products is expected to drive further growth in the coming years.

Asia-Pacific : Rapid Growth and Demand Surge

The Asia-Pacific region is experiencing rapid growth in the glucose syrup market, with a market size of 2000.0 million. This surge is driven by rising consumer demand for processed foods and beverages, coupled with increasing disposable incomes. Regulatory support for food safety and quality standards is also a key driver, promoting the use of glucose syrup in various applications. Countries like China, India, and Japan are leading the charge, with significant contributions from local and international players. The competitive landscape features major companies such as Ingredion and Roquette Freres, which are expanding their operations to meet the growing demand. The focus on innovation and product diversification is expected to enhance market growth in the region.

Middle East and Africa : Emerging Market with Untapped Potential

The Middle East and Africa (MEA) glucose syrup market is valued at 655.24 million, showcasing untapped potential for growth. The region is witnessing an increase in demand for glucose syrup in the food and beverage industry, driven by urbanization and changing consumer preferences. Regulatory frameworks are evolving, promoting food safety and quality, which is crucial for market expansion. Countries like South Africa and the UAE are emerging as key players in this market, with local manufacturers and international companies exploring opportunities. The competitive landscape is gradually developing, with a focus on innovation and product offerings. As the region continues to grow, investments in production capabilities and distribution networks will be essential for capturing market share.

Glucose Syrup Market Regional Image

Key Players and Competitive Insights

The Glucose Syrup Market is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability, and strategic partnerships. Key players such as Cargill (US), Archer Daniels Midland (US), and Tate & Lyle (GB) are actively pursuing strategies that emphasize product diversification and technological advancements. Cargill (US), for instance, has focused on enhancing its production capabilities through investments in sustainable practices, which not only align with global environmental goals but also cater to the rising consumer demand for eco-friendly products. Similarly, Archer Daniels Midland (US) has been expanding its portfolio to include organic glucose syrups, thereby positioning itself as a leader in the health-conscious segment of the market. These strategic moves collectively contribute to a dynamic competitive environment where innovation and sustainability are paramount.In terms of business tactics, companies are increasingly localizing manufacturing to reduce supply chain vulnerabilities and optimize logistics. This approach appears to be particularly effective in a moderately fragmented market, where the collective influence of major players like Ingredion (US) and Roquette Freres (FR) is significant. By streamlining operations and enhancing supply chain efficiency, these companies are better equipped to respond to fluctuating market demands and consumer preferences.

In November Tate & Lyle (GB) announced a strategic partnership with a leading biotechnology firm to develop a new line of glucose syrups derived from non-GMO sources. This initiative not only underscores Tate & Lyle's commitment to sustainability but also positions the company to capture a growing segment of health-conscious consumers. The collaboration is expected to enhance product offerings and drive growth in a competitive market.

In October Ingredion (US) launched a new glucose syrup product line specifically designed for the beverage industry, focusing on clean label solutions. This strategic move reflects the company's responsiveness to consumer trends favoring transparency and health. By catering to the beverage sector, Ingredion (US) aims to solidify its market presence and leverage its expertise in ingredient solutions.

In September Roquette Freres (FR) expanded its production facility in the US to increase its glucose syrup output. This expansion is indicative of Roquette's strategy to meet the rising demand for glucose syrups in North America, particularly in the food and beverage sectors. The investment is likely to enhance the company's competitive edge by improving supply chain reliability and reducing lead times.

As of December the Glucose Syrup Market is witnessing trends that emphasize digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming increasingly vital, as companies seek to enhance their competitive positioning through collaborative innovation. The shift from price-based competition to a focus on technological advancements and supply chain reliability is evident. Moving forward, differentiation in the market will likely hinge on the ability to innovate and adapt to evolving consumer preferences, thereby ensuring long-term sustainability and growth.

Key Companies in the Glucose Syrup Market include

Future Outlook

Glucose Syrup Market Future Outlook

The Glucose Syrup Market is projected to grow at a 6.83% CAGR from 2025 to 2035, driven by rising demand in food and beverage applications, and expanding pharmaceutical uses.

New opportunities lie in:

  • Development of customized glucose syrup formulations for niche markets. Expansion into emerging markets with tailored distribution strategies. Investment in sustainable production technologies to enhance brand value.

By 2035, the market is expected to solidify its position as a key ingredient supplier across various industries.

Market Segmentation

Glucose Syrup Market Type Outlook

  • Liquid Glucose
  • High Fructose Corn Syrup
  • Corn Syrup
  • Dextrose Syrup
  • Maltose Syrup

Glucose Syrup Market Source Outlook

  • Corn
  • Wheat
  • Potato
  • Cassava
  • Sugarcane

Glucose Syrup Market End Use Outlook

  • Food Industry
  • Beverage Industry
  • Cosmetics Industry
  • Pharmaceutical Industry
  • Animal Feed

Glucose Syrup Market Application Outlook

  • Food and Beverage
  • Confectionery
  • Bakery
  • Dairy Products
  • Pharmaceuticals

Report Scope

MARKET SIZE 2024 4922.49(USD Million)
MARKET SIZE 2025 5315.1(USD Million)
MARKET SIZE 2035 10225.47(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 6.83% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Cargill (US), Archer Daniels Midland (US), Tate & Lyle (GB), Ingredion (US), Roquette Freres (FR), MGP Ingredients (US), Grain Processing Corporation (US), Kraft Heinz (US), Südzucker AG (DE)
Segments Covered Application, End Use, Type, Source
Key Market Opportunities Growing demand for natural sweeteners drives innovation in the Glucose Syrup Market.
Key Market Dynamics Rising demand for natural sweeteners drives innovation and competition in the glucose syrup market.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Harshita Gorade
Research Analyst

Harshita Post graduate MBA in Business Administration from Welingkar Institute, Mumbai and 5 years of experience in the field of product market research. As a Research Analyst, I have cross-domain experience in packaging, and industrial Automation & Equipment. I am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at Market Research Future Reports. My responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.

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FAQs

What is the study period of the glucose syrup market report?

The glucose syrup market forecast period is 2022 - 2030

What is the glucose syrup Market Growth rate?

The market is expected to register a CAGR of ~5.45% over the next ten years, according to glucose syrup market research

Which region has the highest market growth rate?

Asia-Pacific is expected to register the highest CAGR during 2022 - 2030

Which region has the largest share of the market?

Europe held the largest share in 2021

What is the expected glucose syrup market size by 2030?

The market size is expected to be USD 5.2 billion by 2030.

Who are the key players in the market?

Cargill, Archer Daniels Midland Company, Tate & Lyle, and Others are the major companies operating in the market.

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