Market Outline

The latest report by Market Research Future (MRFR) gives an insightful analysis of the Global Glucose Syrup Market, with the predictions of it reaching the valuation of USD 29,888 kilo tons by 2022. The report also states that the market will be depicting a lucrative growth pattern at a CAGR of 3.6% during the forecast period (2016-2022).

Industry Development

March 2019 - UK business Tate and Lyle Sugars will be benefitting in the near future owing to the new UK-Pacific agreement that took place in London between UK and Papua New Guinea and Fiji High Commissioners. In addition, the agreement will be of tremendous help to thousands of people that rely on employment in the sugar industry. The company produces 650 sugar, syrup and treacle products every year, and backed by this agreement, will be flourishing even further in the years to come.

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Glucose Syrup Market- Top Vendors

Ingredion Incorporated (U.S.)
Cargill Inc. (U.S.)
Roquette (France)
Agrana Group (Austria)
Archer Daniels Midland Company (U.S.)
Tate & Lyle plc (U.K.)
Grain Processing Corporation (U.S.)

Market Drivers and Top Barriers

The primary use of glucose syrup is for making frozen dessert and candy. It is also used for making baked food items for adding sweetness. Generally, glucose syrup is free from fat, however it contains high amounts of calories. There are times when times when glucose sugar is used to manufacture beer. It is a common household item, which is used to make iced tea or homemade lemonade drink. A number of world class chefs make use of glucose sugar to enhance the taste of their food.

On that note, the surging demand for baked food items and cakes globally will leave a highly positive impact on the growth of the glucose syrup market. This is expected to happen in the years to come, as glucose syrup is extensively used for making candy owing to the consistency of the glucose syrup which helps prevent crystallization. Apart from this, glucose syrup is the preferred option by various chefs since glucose syrup has no effect on the appearance of the product, and improves moisture retention, keeping the baked food fresh. There are few restraining factors as well such as, Foods which contains glucose syrup make you feel hungry every time because you do not feel full, hence people gain weight in a short period of time. However, the fact that the large consumption of glucose syrup can make people gain weight, can be a deterring factor in the growth of the market in the coming years.

But with the growing use of glucose syrups in the making of confectionary items, due to its quality of preventing grainy texture and maintaining the smooth texture of the food items, the market will most likely have a relentless growth pattern throughout the assessment period. Furthermore, glucose syrup is a great source of energy for yeast, a fact that renders it an ideal component in the brewery industry. Not just this, but glucose syrup also provides glaze to fruit tart as well as jams, thereby increasing its use in the food industry to a large extent. Adding on the long list of benefits of glucose syrup, the short carbohydrates present in it makes it easily digestible for the elderly people as well as infants. The sum of these factors has been responsible for the growing popularity of glucose syrup, and the subsequent market size expansion during the review period.

Regional Outlook

Asia-Pacific region holds a lion’s share of more than 30 % by volume reflected by more than 10,000 kilo tons of production. China, India are the leading nations in the Asia Pacific region. Russia is expected to generate significant growth owing to its large production of sugar beet. The Latin American nations of Brazil, Venezuela, and Ecuador are expected to be a large market opportunity.

North America is expected to generate the fastest growth of 3.94 % owing to large scale corn subsidies provided by the Government. Europe is expected to be led by France, Germany, Ukraine and others.

Middle East and Africa market is expected to be dominated by the African region nations of South Africa, Angola and others.

Market Segmentation

The Glucose Syrup Market is segmented on the basis of Source, Grade, Application, and Region.

On the Basis of the Source

Corn
Wheat
Barley
Potatoes
Rice
Cassava

Corn is at the top with the largest market share, followed by wheat.

On the Basis of the Grade

Food
Pharma
Industrial

On the Basis of the Form-wise

Liquid
Granular
Others

The liquid form will be growing at the fastest rate of 3.85% among all the types of forms in the next few years. The second-fastest segment will be that of granular in the global market.

On the Basis of the Applications

Food
Beverage
Confectionery
Pharmaceuticals

Out of these, the food-based application will take the lead in the glucose syrup market, with the expanding food industry across the globe making extensive use of glucose syrup.