The global glucose syrup market is projected to grow at a moderate CAGR during the forecast period. The key factors that drive the growth of the global glucose syrup industry include the increased demand for bakery and confectionery food items across the globe. There has been an increased acceptance of convenience food amongst the consumers including include pizza, packaged chips, canned vegetables, and others. Shifting trend towards fast lifestyle is imposing the need for food items which can be prepared instantly. Prevalent factors for the rising demand for convenience food are relative food prices, time constraints, and changing demographic trends. Thus, the wide acceptance of such food items across the globe is likely to drive the growth of the global glucose syrup market.
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The market is also supported by the amalgamation of fast internet in the form of online delivery services for the consumers. In the US, sit down services at the restaurants are declining with the emergence of online delivery of convenience food. With the rapid growth in the world population, the demand for convenience food is estimated to add up to the global glucose syrup industry.
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Further, the presence of the key players provides substantial growth rate to the market over the forecast period. Players such as AGRANA Beteiligungs-AG, Cargill Inc., Ingredion Inc., Roquette Freres, Tate & Lyle PLC, The Archer Daniels Midland Co., and others are some of the key players contributing to the growth of the market. These players by adopting several growth strategies are contributing to the market growth and are expected to expand the overall glucose syrup market size in the future.
New product launches & developments, partnerships, agreements, and acquisitions are some of the key strategies adopted by the players in order to cope in the competitive market. For instance, in March 2018, Tata & Lyle extended its geographical presence across the Asia-Pacific region, specifically, its Shanghai-based food applications laboratory to curb the growing needs of the customers for healthy food items.
Global Glucose Syrup Market – Segmentation
Food & Beverage
Global Glucose Syrup Market – Segmentation by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
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