Global Glucose Syrup Market by Application (Sweetening Agent, Wine), by Grade (Pharma, Food) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global glucose syrup market was worth USD 3.3 billion in 2018. It is expected to grow at a healthy CAGR during the forecast period. The market is growing due to rising demand for convenience foods and increased use of glucose syrup in baked goods like candies. Sugar syrup is used in many industries, including confectionery, pharmaceuticals and food and beverage. Due to the rising demand for sugar substitutes, glucose syrups are also used in the production of ice creams and chewing gums.

Because of its long shelf life, glucose syrup is becoming more popular. It is also a more cost-effective alternative to granular sugar. The demand for glucose syrup is driven by its nontoxicity, antifreezing humectant (an ingredient that retains moisture and keeps it fresh), and preservative qualities. In addition to being a sweetener, glucose syrup is increasingly used as a thickener. In addition, glucose syrup can be used to varnish a food-grade, which adds an organoleptic value.

The market leaders in dextrose syrup will continue to be supported by private label brands' strength, rising costs and increased investments. Archer Daniels Midland Co. (ADM), for example, invested USD 129.00 millions in research and development in 2017. The market is experiencing negative effects from the high consumption of glucose syrup. The market is also being challenged by public food systems, inefficient rationing of sugar, falling market costs, and diversification of sugar.

The U.S. market will experience significant growth and expand at 7.1% CAGR over the forecast period. Major players like Bakers Kitchen Inc. are a prominent presence in the country. They have contributed the most to market growth in the U.S. Due to the popularity and appeal of desserts, they will continue to hold the largest market share.

Grade Insights

The market for glucose syrup is divided into three categories: food, pharma and others. By 2025, the revenue from food-grade segments is expected to reach USD 1.4 Billion. The key factors driving the growth of this segment are high demand for sweeteners in confectionery grades and the growth of the bakery sector.

Other beverages include cold drinks. This segment holds a large share of the market. The majority of sugar syrup found in soft drinks and fruit drinks is almost 50.0%. In addition, soft drinks consumption has increased fivefold in the last few years. This will have a positive effect on sales of glucose syrup.

Application Insights

The market is classified based on its use as a sweetener agent, wine, or other. The largest market share is held by wine. Any wine must contain sugar. Grapes can accumulate sugar during fermentation in the form glucose and fructose. Natural glucose is less sweet than wine fructose. Dextrose syrup can be added to various wines in order to enhance the sweetness. The dextrose syrup can be added to wine during fermentation. It is stirred at a controlled speed, which gives it a pinkish hue, making it more attractive. This is the main reason for dextrose syrup being used during wine fermentation.

Regional Insights

Asia Pacific accounted for 30.0% of the total market revenue in 2018, and that was a record. Due to rising demand in China and India for glucose syrup and growing need for sugar substitute in these countries, Asia Pacific continues to be the largest market. To combat obesity and diabetes, consumers are seeking healthier and more natural alternatives to sugar. Russia's large production of sugar beet is expected to drive significant growth.

Europe will likely be one of the largest regional markets during the forecast period due to growing demand in France and Germany for syrup. Asia Pacific will be the fastest growing regional market, due to the adoption of western culture and improved eating habits in developing countries. Dextrose syrup market growth is expected to be boosted by the emergence of new brands, as well as the availability of organic snacks via e-commerce platforms across countries such as India and China.

The government's farm subsidies are expected to lead to North America experiencing healthy growth in the future. This region is home to the largest number of country-specific markets, namely the U.S., Canada and Mexico, when the U.S. economy is the most secure.

Market Share Insights & Key Companies

The U.S. Food and Drug Administration (FDA), reexamined a plan that required added sugar (including glucose syrup) to be on all honey and pure maple syrup labels. This encouraged other players in the global market. To increase efficiency and decrease transportation costs, a variety of manufacturers are increasing the glucose syrup concentration.

There are many established players in the market, which makes it competitive. They also make high investments in R&D to create grade differentiation. Cargill, Inc., Avebe U.A. are key players that have a strong position in the global market. Bakers Kitchen; Archer Daniels Midland, Beneo; DGF Service. Ingredion. Karo Syrup. Dr. Oetker. Grain Processing Corporation. L'Epicerie. Queen Fine Foods. Roquette Freres. Tate and Lyle.

Scope of the Glucose Syrup market Report

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2015 to 2025. Grand View Research has divided the global glucose syrup market report by grade, region, and application.

• Grade Outlook (Revenue, USD Billion, 2015 - 2025)

  • Food

  • Pharma

  • Other

• Application Outlook (Revenue, USD Billion, 2015 - 2025)

  • Sweetening Agent

  • Wine

  • Other

• Regional Outlook (Revenue USD Billion, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

  • Asia Pacific

    • India

    • China

  • Central and South America

    • Brazil

  • The Middle East and Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global glucose syrup market was valued at USD 3.49 Billion in 2019, and is forecast to grow to USD 3.65 Billion by 2020.

b. Global glucose syrup demand is expected to rise at a compound annual rate of 4.9% between 2019 and 2025, reaching USD 4.66 billion in 2025.

b. With a 30.1% share in 2019, Asia Pacific dominated the global glucose syrup market. This is due to the rising demand in India and China for glucose syrup and the growing need for sugar substitutes in these countries.

b. Cargill, Inc., Avebe U.A. are some of the key players in the glucose syrup market. Bakers Kitchen; Archer Daniels Midland, Beneo; DGF Service. Ingreo; Karo Syrup. Dr. Oetker. Grain Processing Corporation. L'Epicerie. Queen Fine Foods. Roquette Freres. Tate and Lyle.

b. Market growth is driven by the growing demand for convenience foods and increased use of glucose syrup in baked goods like candies.

Up Market Research published a new report titled “Glucose Syrup Market research report which is segmented by Application (Sweetening Agent, Wine), by Grade (Pharma, Food), By Players/Companies Inc; Agrana Group; Avebe UA; Bakers Kitchen; Archer Daniels Midland; Beneo; DGF Service; Ingredion; Karo Syrup; Dr Oetker; Grain Processing Corporation; L'Epicerie; Queen Fine Foods; Roquette Freres; and Tate and Lyle, Cargill”. 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 Glucose Syrup Market Report Segments:

The market is segmented by Application (Sweetening Agent, Wine), by Grade (Pharma, Food).

Glucose Syrup 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 Glucose Syrup Market

Overview of the regional outlook of the Glucose Syrup 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 Glucose Syrup Market Report:

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

                1. Sweetening Agent

                2. Wine

                1. Pharma

                2. Food

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 Glucose Syrup 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.

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Reasons to Purchase the Glucose Syrup 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.