November 27, 2019

Glucose Syrup Industry Analysis, Segments, Market Key Players, Drivers, Trends and Forecast to 2022

Market Analysis

In terms of production, the global Glucose Syrup Market is expected to reach 29,888 kilo tonnes by the end of 2022. Market Research Future (MRFR) has published and released a research report about the global glucose syrup market that infers surge for this market with 3.6% CAGR (Compound Annual Growth Rate) during the forecast period between 2016 and 2022.

The primary factor for the growth of the global Glucose Syrup market is its growing demand across various industries such as confectionery, food & beverage, and pharmaceuticals. Due to the rising demand for sugar replacers, glucose syrup is being heavily used for the production of candies, canned foods, chewing gums, chocolates, and ice-cream. Another factor for the global glucose syrup market growth is the long shelf life of glucose syrup.

Key Players:

The key players in the Global Glucose Syrup Market include Cargill Inc. (USA), Agrana Group (Austria), Archer Daniels Midland Company (USA), Grain Processing Corporation (USA), Ingredion Incorporated (USA), Roquette (France), and Tate & Lyle plc (UK).

Latest Industry News

US Food and Drug Administration (FDA) is reconsidering a plan requiring “added sugar” be included on all pure maple syrup and honey labels, a move applauded by majority key players in the glucose syrup market. 21 JUNE 2018

Ciranda, Inc., a global supplier of certified organic, non- genetically modified organism (GMO), and fair-trade ingredients has partnered with Pakistani rice exporter Matco Foods Ltd. to produce organic brown rice syrup and organic clarified brown rice syrup. The syrups are certified organic, kosher and Non-GMO Project verified. Ciranda has plans to distribute them in the American market, starting from Q3 2018 and to scale-up during the next three years. 29 JUNE 2018

Industry Segment

The global glucose syrup market has been segmented based on application, form, grade, source, and region. Based on application, this market has been segmented into beverage, confectionery, food, pharmaceuticals, and others. During the forecast period, the food-based application is rise above other applications. The form-based segmentation segments the market into granular, liquid, and others. During the forecast period, the liquid form has been estimated to witness the highest growth.

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The regional segmentation of the global glucose syrup market segments the market into continent-based regional markets namely North America, Europe, and the Asia Pacific. According to the report, North America market is expected to witness the highest growth with 3.94% CAGR during the forecast period. In this region, the most important country-specific markets are the United States of America (USA), Canada, and Mexico. The USA is the strongest economy in North America. Europe is a sizable market due to the high density of population and the strong economies like France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest of Europe.

The grade-based segmentation segments the market into food, industrial, pharma, and others. During the forecast period, food grade is expected to witness the highest raise. Via source, the market has been segmented on the basis of barley, cassava, corn, potatoes, rice, wheat, and others. During the forecast period, corn is expected to witness the highest growth, followed by wheat.