Global Glucose Syrup Market Size To Worth USD 7.46 Billion By 2033 | CAGR of 5.59%
Category: Consumer GoodsGlobal Glucose Syrup Market Size To Worth USD 7.46 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Glucose Syrup Market Size is Estimated to Grow from USD 4.33 Billion in 2023 to USD 7.46 Billion by 2033, Growing at a CAGR of 5.59% during the forecast period 2023-2033.
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Browse key industry insights spread across 220 pages with 111 Market data tables and figures & charts from the report on the " Global Glucose Syrup Market Size, Share, and COVID-19 Impact Analysis, By Grade (Food, Industrial, Pharmaceuticals, and Others), By Source (Wheat, Potatoes, Corn, and Others), By Application (Wine, Sweetening Agents, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/glucose-syrup-market
Global demand has developed for glucose syrup, a liquid sweetener used in food and beverage goods. To create it, starch molecules from potatoes, corn, rice, or wheat are broken down. The food and beverage industry's growth and expansion, the rising demand for packaged and convenience food and beverage products, the growing consumer awareness of the value of wholesome food products, the rising demand for nutritional supplements such as dextrose and maltodextrin, and the significant corporations' increased personal disposable income are some of the factors driving the glucose syrup market's expansion. The sweetness level of glucose syrup is comparable to that of sucrose, making it a cost-effective substitute for sugar. It is a desirable alternative to sugar because of this property. Additionally, glucose syrups are necessary for the production of well-known products including ice cream, chocolate, chewing gum, and canned goods as customers look for sugar substitutes. However, a major barrier to the growth of the glucose syrup industry will be the increasing usage of gum as an alternative to glucose, dextrose, and maltodextrin.
The food segment held the largest share in 2023 and is estimated to grow at a CAGR of 4.78% throughout the projection period.
Based on the grade, the global glucose syrup market is categorized into food, industrial, pharmaceutical, and others. Among these, the food segment held the largest share in 2023 and is estimated to grow at a CAGR of 4.78% throughout the projection period. A vital component of dairy products, confections, baked goods, and beverages is food-grade glucose syrup. The rising demand for convenience foods and ready-to-eat items has also led to an increase in the use of food-grade glucose syrup.
The corn segment dominated the global glucose syrup market share in 2023 and is estimated to grow at a CAGR of 5.29% throughout the projection period.
Based on the source, the global glucose syrup market is classified into wheat, potatoes, corn, and others. Among these, the corn segment dominated the global glucose syrup market share in 2023 and is estimated to grow at a CAGR of 5.29% throughout the projection period. Corn's high starch content, availability, and affordability make it a crucial ingredient in the production of glucose syrup. The growth of the corn segment has also been aided by efficient extraction and refined processes that yield high-quality glucose syrup suitable for a variety of applications in the food, beverage, pharmaceutical, and industrial sectors.
The sweetening segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the global glucose syrup market is divided into wine, sweetening agents, and others. Among these, the sweetening agents segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Since glucose syrup has some nutritional value and a lower glycemic index than sugar, it is more nutrient-dense. As a result, the industry is growing since food manufacturing and processing companies favor glucose syrup.
North America is expected to hold the largest share of the global glucose syrup market through the forecast period.
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North America is expected to hold the largest share of the global glucose syrup market through the forecast period. Since there is an increasing demand for ready-to-eat food and beverages. Confections, baked products, ice cream, and other processed foods are consumed in large quantities in the area. Glucose syrup helps the region's major food processing firms increase their profit margins.
Asia Pacific is predicted to grow at the fastest CAGR of the global glucose syrup market over the forecast period. As the demand for processed foods has increased dramatically over the past two centuries, the region's glucose syrup market is being driven primarily by growing urbanization, changing eating habits, and the adoption of Western culture in developing countries.
Major key players in the global glucose syrup market include Cargill, Inc., Grain Processing Corporation, Agrana Group, Tate and Lyle, Archer Daniels Midland, Dr. Oetker, DGF Service, Avebe U.A., Roquette Freres, Beneo, Bakers Kitchen, L'Epicerie, Karo Syrup, Queen Fine Foods, and Others.
Recent Developments
- In September 2022, Cargill, Inc., a significant player in the glucose syrup market, declared that it would invest USD 50 million to build a sustainable corn syrup refinery in the US in Fort Dodge, Iowa. The factory is expected to cut CO2 emissions by more than 50% when compared to conventional corn syrup production methods. By 2025, it should be completed.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global glucose syrup market based on the below-mentioned segments:
Global Glucose Syrup Market, By Grade
- Food
- Industrial
- Pharmaceuticals
- Others
Global Glucose Syrup Market, By Source
- Wheat
- Potatoes
- Corn
- Others
Global Glucose Syrup Market, By Application
- Wine
- Sweetening Agents
- Others
Global Glucose Syrup Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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