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Glucose Syrup Market

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

Glucose Syrup Market 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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Summary Table of Contents Segmentation Download PDF

Glucose Syrup Market Summary

As per Market Research Future Analysis, the Global Glucose Syrup Market is projected to grow at a CAGR of 5.45% from 2022 to 2030, reaching approximately USD 5.2 billion by 2030. Glucose syrup, derived from the hydrolysis of starches like corn, rice, and wheat, is widely used in the food and beverage industry, particularly in baked goods, confectionery, and frozen desserts. The market is driven by rising demand for convenience foods and sugar substitutes, although challenges such as health concerns related to diabetes and market fragmentation may hinder growth. The COVID-19 pandemic has also impacted consumer behavior and supply chains, but the market is expected to recover and expand in the coming years.

Key Market Trends & Highlights

Key trends influencing the glucose syrup market include rising demand in various sectors and regional growth dynamics.

  • Market size is expected to reach USD 5.2 billion by 2030.
  • Europe held the largest market share in 2021, driven by consumer preferences and regulations.
  • Asia-Pacific is projected to exhibit the highest CAGR during the forecast period, fueled by increasing health awareness.
  • The food-grade segment generated the most revenue in 2021 and is expected to grow rapidly.

Market Size & Forecast

2022-2030 CAGR 5.45%
2030 Market Size USD 5.2 billion
Largest Regional Market Share in 2021 Europe

Major Players

Cargill, Archer Daniels Midland Company, Tate & Lyle, Ingredion Incorporated

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 Source Insights

By Source Insights

The  glucose syrup market segmentation, based on source, is corn, wheat, barley, potatoes, rice, cassava, and others. The  glucose syrup industry growth was prominently high under the corn category in 2021 and is also expected to rise at the fastest CAGR during the predicted period as Glucose syrup is a sweetening liquid produced by the hydrolysis of glucose molecules; corn is commonly used to produce glucose syrup due to its high starch content. Glucose syrup is used in the production of frozen desserts and sweets. To add sweetness to baked goods, glucose syrup is also employed.

Glucose syrup is normally fat-free.

By Application Insights

By Application Insights

The  glucose syrup market segmentation, by application, is food, beverage, confectionery, pharmaceuticals, and others. Beverage held the market share in 2021 and is expected to grow at the fastest CAGR. Sugar is an essential component of all wines. Grapes accumulate sugar in the form of glucose and fructose during fermentation. Natural glucose tastes less sweet than wine's fructose. As a result, dextrose syrup is employed in various wines to boost the sweetening effect. During fermentation, dextrose syrup is added, and the stirring speed is adjusted to give the wine a light pinkish tint, making it look appealing.

This is one of the primary reasons for using dextrose syrup during fermentation.

By Grade Insights

By Grade Insights

By grade, the market is segmented into food, pharma, industrial, and others. The food-grade segment generated the most revenue in 2021 and is expected to expand at the fastest CAGR throughout the forecast period. High demand for sweeteners in confectionery grades, as well as the expansion of the bread industry, are driving category growth. The other two categories are pharmaceutical and industrial. This category has a substantial market share. Fruit drinks and soft drinks include a significant amount of glucose syrup. Furthermore, soft drink consumption has surged fivefold in the last few years.

This is predicted to have a positive influence on glucose syrup sales.

By Form Insights

By Form Insights

Based on form, the market is segmented into liquid and granular. The liquid category dominated the market in 2021. In the food & beverage industry, liquid glucose or glucose syrups play an important role. Glucose syrups' excellent properties make them a popular ingredient in various food products.

Global Glucose Syrup Market Market Share by Region, 2021 (%)

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Key Companies in the Glucose Syrup Market market include

Future Outlook

Glucose Syrup Market Future Outlook

The Global Glucose Syrup Market is projected to grow at a 5.71% CAGR from 2024 to 2035, driven by rising demand in food and beverage applications, health consciousness, and innovative product formulations.

New opportunities lie in:

  • Develop low-calorie glucose syrup alternatives to cater to health-conscious consumers. Invest in sustainable sourcing practices to enhance brand reputation and meet regulatory demands. Leverage e-commerce platforms for direct-to-consumer sales, expanding market reach and accessibility.

By 2035, the market is expected to exhibit robust growth, reflecting evolving consumer preferences and industry innovations.

Market Segmentation

By Form Outlook

  • Liquid
  • Granular

By Grade OUtlook

  • Food
  • Pharma
  • Industrial
  • Others

By Region Outlook

  • North America US Canada Mexico
  • US
  • Canada
  • Mexico
  • Europe UK Germany France Italy Spain Rest of Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific China India Japan Australia and New Zealand Rest of Asia-Pacific
  • China
  • India
  • Japan
  • Australia and New Zealand
  • Rest of Asia-Pacific
  • Rest of the World South America Middle East Africa
  • South America
  • Middle East
  • Africa
  • Glucose Syrup Market Forecast & Size
  • Market Landscape and Trends
  • Market Influencing Factors
  • Impact of COVID-19
  • Company Profiling
  • Producers
  • Raw material suppliers
  • Retailers
  • wholesalers
  • and distributors
  • Governments
  • associations
  • and industrial bodies

By Application Outlook

  • Food
  • Beverage
  • Confectionery
  • Pharmaceuticals
  • Others

By Usage By Source Outlook

  • Corn
  • Wheat
  • Barley
  • Potatoes
  • Rice
  • Cassava
  • others

Report Scope

{"0"=>{"market_size"=>"USD 5.2 Billion"}, "1"=>{"cagr"=>"5.45% (2022-2030)"}, "2"=>{"base_year"=>"2021"}, "3"=>{"forecast_period"=>"2022-2030"}, "4"=>{"historical_data"=>"2020"}, "5"=>{"forecast_units"=>"Value (USD Billion)"}, "6"=>{"report_coverage"=>" Revenue Forecast, Competitive Landscape, Growth Factors, and Trends"}, "7"=>{"segments_covered"=>"by Source, Grade, Form, Application, and Region"}, "8"=>{"geographies_covered"=>"North America, Europe, Asia-Pacific, and Rest of the World (RoW)"}, "9"=>{"key_vendors"=>"Cargill,Archer Daniels Midland Company,Tate & Lyle,Others"}, "10"=>{"key_market_opportunities"=>"Higher Demand For Healthier Ingredients, Increase In Scope For Specialty Foods"}, "11"=>{"key_market_drivers"=>"Rise In Demand For Bakery Products, Increasing Demand For Beverages"}}

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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