Global Fructose Market by Product (Fructose Syrups, High Fructose Corn Syrup), by Application (Processed Foods, Beverages) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global fructose market was valued at USD 4.34 Billion in 2019. It is projected to grow at a compound annual rate (CAGR of 4.1%) between 2020 and 2027. The industry is expected to grow due to growing demand for low-sugar and low-fat food products. Fructose, a monosaccharide, has a chemical structure that is similar to glucose. It can be found in fruit, vegetables, honey, and other plants. Fructose can be used to enhance the quality, taste and texture of food and beverages. The product's low Glycemic Index, (GI), will likely drive its demand. Due to rising consumer awareness regarding healthy eating habits, the U.S. will experience significant growth.

To achieve their fitness goals, the consumers are searching for a substitute for white sugar. This will increase the market growth for fructose over the forecast period. The market growth will be affected by the fact that more people are choosing organic products. Fructose can be made from many raw materials like sugarcane and beet. Because of its low price and relative sweetness, the product is a popular ingredient in food & beverages.

Industry players will face key challenges from factors like fluctuations in raw material prices or an increase in production cost. A rise in manufacturing costs can directly affect the final product's price. Tate & Lyle, for instance, announced a price hike in September 2019 for products that fall under its North American food and beverages solutions business due to rising manufacturing costs.

Cargill, Inc. also reported in its 2019 annual reports that starch and sweeteners revenue decreased due to the rise in European energy and raw materials costs. According to research, high fructose syrup can raise the risk of diabetes, high blood pressure, heart disease, weight gain and cancer. The industry is likely to slow down as consumers shift their preferences towards alternative sugars, like coconut sugar and raw honey.

Product Insights

With a revenue share at 62.0%, high fructose corn syrup was the dominant market player in 2019. High fructose corn syrup gained popularity due to its versatility and ability enhance the texture, color, and taste of many foods and beverages. High fructose corn syrup is preferred by manufacturers because it is liquid and can be manufactured quickly. It also has lower caloric sweetness than other sweeteners. In soft drinks, sugar is preferred over high fructose corn syrup to increase the sweetener costs by two-fold.

From 2020 to 2027, the fastest CAGR for fructose syrups is 5.4%. Fructose syrups can blend well with other ingredients, which is why the high growth rate. Fructose syrups are primarily made from corn starch. They are used in dry mix beverages, flavored water products, low-calorie products and carbonated products. Fructose solids are used to maintain the moistness and tender texture of bakery products for longer periods.

Application Insights

The market was dominated by beverage applications, accounting for 69% of total market revenue in 2019. It is used in beverages such as soft drinks, juices and coffee creamers, as well as energy and sports drinks. Market growth is being positively affected by the growing popularity of soft drinks in emerging countries.

PepsiCo is one of the companies that uses fructose. Coca-Cola Company, Tropicana Product, Inc., Jones Soda Co., Darigold, A&W Concentrate Company, Kraft Foods, Inc., and others use fructose. Due to the rapid technological advances and innovations, as well as the high demand for processed foods products, the food processing segment will experience the highest CAGR between 2020-2027. Food and beverage applications are expected to see a rise in popularity for packaged meals, snacks, desserts, and other snack foods.

Regional Insights

With a revenue share exceeding 44%, North America dominated the global market for 2019. The region's popularity with packaged beverages such as juices and sports drinks has helped to support industry growth. The region's consumers are slowly shifting to organic products which could have a negative effect on product demand.

Due to the growing geriatric population that is more susceptible to chronic illnesses, the demand for the product is expected to decline in Europe. The region's consumers are also becoming more health-conscious, which has a negative impact on the market's growth.

Asia Pacific will be the fastest growing region market between 2020 and 2027, due to the rapid expansion of the beverage industry in India and China. Industry growth will also be driven by a changing consumer lifestyle and a growing population.

Market Share Insights & Key Companies

This industry is competitive and fragmented, with a large number of small- and medium-sized businesses offering similar products. The value chain is vertically integrated by key players. To tap local markets, industry players are targeting small- and mid-sized end users. They also seek to establish themselves in developing markets, where the bakery, food & drink, and dairy industries are experiencing significant growth. These strategies allow companies to access local markets and provide them with new growth opportunities. The following are some of the most prominent players in global fructose markets:

• ADM

• Cargill, Incorporated

• DuPont

• Galam

• Ingredion, Inc.

• Shijiazhuang Huaxu Pharmaceutical Co., Ltd

• Tate & Lyle

Up Market Research published a new report titled “Fructose Market research report which is segmented by Product (Fructose Syrups, High Fructose Corn Syrup), by Application (Processed Foods, Beverages), By Players/Companies Tate & Lyle, Cargill Incorporated, DuPont, ADM, Ingredion Inc, Shijiazhuang Huaxu Pharmaceutical Co Ltd, Galam”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Fructose Market Report Segments:

The market is segmented by Product (Fructose Syrups, High Fructose Corn Syrup), by Application (Processed Foods, Beverages).

Fructose Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Fructose Market

Overview of the regional outlook of the Fructose Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Fructose Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Fructose Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Fructose Syrups

                2. High Fructose Corn Syrup

                1. Processed Foods

                2. Beverages

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Fructose Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Fructose Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.