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Pulished Date November, 2019
ID: 8821
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Global Glucose Syrup Market By Grade (Food, Pharmaceuticals), By Application (Sweetening Agent, Wine) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2020 – 2025)

Pulished: November, 2019
ID: 8821
Pages: 175

Glucose Syrup Market Growth and Forecast (2020-2025):

The global Glucose Syrup Market size was valued to be USD 3.3 billion in 2020 and is predicted to reach about USD 4.7 billion by the end of 2025, rising at a CAGR of over 5% over the calculated period. The demand for baked goods and cakes is increasing rapidly worldwide.

Glucose Syrup Market

Market Overview:

Glucose syrup is a sweetener with glucose molecules, corn, rice, wheat, and potatoes as they are hydrolyzed and rich in starch. Glucose syrup is normally extracted using the hydrolysis process of glucose molecules, which are usually wheat, corn, rice and potatoes. This syrup is used to make frozen desserts, sweets, and baked goods to add sweetness. This type of syrup is fat-free and contains large amounts of calories. In addition, glucose syrup prepared from cornstarch includes a small amount of minerals like zinc, thiamine, and calcium. It is also used in beer production and as an ingredient in homemade iced tea or lemonade drinks. Glucose syrup is used to make frozen desserts and sweets. It is further used to make baked goods to add sweet foods. Glucose syrup is generally fat-free, but it contains a lot of calories. Sometimes glucose sugar is also utilized in beer manufacturing process. At the household level, glucose sugar is a common ingredient to make lemonade or iced tea. Many world-class chefs use glucose sugar to enhance the taste of food.

Recent Developments in Glucose Syrup Industry:

  • In June 2016, ADM acquired a production plant from Tate & Lyle PLC of Morocco (United Kingdom) that produces glucose and starch. This acquisition allows the company to reach clients by region as well as globally.
  • Tate & Lyle, during October 2017, decided to extend its manufacturing capacity in Boleraz, Slovakia, to increase the present production rate of glucose syrup. This expansion is expected to be completed in 2019.
  • In October 2017, Ingredion launched a new line of Mortgage Glucose Syrup (VERSASWEET) in the United States and Canada.
  • In March 2018, Tate & Lyle expanded its Shanghai Food Applications Laboratory to meet growing consumer demand for healthy food and beverage products.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

5%

Segments Covered

By Grade, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Cargill,Inc, Agrana Group, Avebe U.A, Bakers Kitchen, Beneo, DGF Service, Ingredion, Karo Syrup, Dr. Oetker, Grain Processing Corporation, L'Epicerie, Queen of Fine Foods, Roquette Freres, Tate and LYLE and Others.

Glucose Syrup Market Growth:

The global glucose syrup market is growing as demand increases in various industries like food, beverages, pharmaceuticals, and confectionery.

Drivers:

Increased demand for baked goods like waffles, pancakes, etc., is a crucial factor driving the growth of the global glucose syrup market. Increased consumer awareness of the health benefits associated with consuming glucose syrup is another factor that is expected to drive growth in the global market in the foreseen years. It is also assumed to drive growth in the world market as the use of glucose syrup to make sweets increases, helping to prevent the crystallization of sweets. By raising the integration of glucose syrup in baked goods, the moisture retention ability is touted to improve, preserving freshness. Increased use of glucose syrup in the manufacture of confectionery products to prevent rough texture is presumed to support the growth of the global glucose syrup market. The increased demand for prepared foods and the increased use of glucose syrup in baked goods such as sweets are some of the factors driving the growth of the market. End-user sectors like confectionery, pharmaceuticals, food and beverages need this glucose syrup as a sweetener. Glucose syrup is also used in the production of ice cream, chewing gum, chocolate, and canned foods as the demand for sugar substitutes increases. Glucose syrup is gaining prominence because of its long shelf life. It also offers a better alternative to conventional granulated sugar. Due to the rise in product shelf life, glucose syrup can be stored for an extended period.

The moisture content of glucose syrup is suitable for the manufacture of gelatin and sweets used as wetting agents. Glucose syrup prevents crystallization, making it widely used in the ice cream industry as well. The application of glucose syrup as a thickener is also increasing. Glucose syrup also adds enamel to foods, improving the sensory value of the product. Additionally, the consistency of glucose syrup helps prevent crystallization, making glucose syrup very popular in candy making. Glucose syrup does not affect the appearance of the product and improves water retention, so baked foods stay fresh and chefs prefer them. The use of glucose syrup in the manufacture of confectionery articles has increased because it avoids the rough texture and maintains a smooth texture. As glucose syrup provides energy sources for yeast, its application in the brewing industry has also increased. Glucose syrup provides glazes for tarts and fruit jams, so its use in the food industry has also increased. Glucose syrup has shorter carbohydrates, making it easier for the elderly and babies to digest. All of these factors together will contribute greatly to the popularity of glucose syrup, which will promote market growth over the outlook period.

Restraints:

Due to changes in food consumption habits and increased health awareness, growth in the food and beverage sector in developing countries is projected to drive growth in the world market in the coming years. The side effects of excessive glucose syrup consumption are negatively affecting the growth of the business. Moreover, the public food system, sugar diversification because of inefficient rations, and fewer prices owing to segmentation are posing as threats to the industry.

Glucose Syrup Market Segmentation Analysis:

By Grade:

  • Food
  • Pharmaceutical

By Application:

  • Sweetening Agent
  • Wine

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The North American glucose syrup market is anticipated to have a high share of sales over the next decade. It is expected to drive growth in the North American market as consumption of ready-to-drink beverages in this region increases and demand for bakeries, baked goods and desserts increases. The Asia Pacific market accounted for the most substantial portion of over 30.0% in terms of revenue. The region continues to lead the market, driven by the growing demand for glucose syrup in China and India, as well as the growing demand for sugar substitutes in these countries. Consumers around the world are opting for healthier, more natural substitutes to conventional sugar to combat diseases like diabetes and obesity. The vast beet production in Russia is likely to record notable growth. Due to the increased demand for syrup in France and Germany, Europe will become one of the main regional markets during the projection period. The Asia Pacific region is deemed to be the fastest-growing regional market due to improved eating habits and the adoption of western culture in developing countries. The advent of new companies and the presence of organic snacks on online platforms in countries like India and China are expected to spur the growth of the glucose syrup market in the area.

Key Players in the Market:

Major Key Players in the Global Glucose Syrup Market are

  • Cargill,Inc.
  • Agrana Group
  • Avebe U.A
  • Bakers Kitchen
  • Beneo
  • DGF Service
  • Ingredion
  • Karo Syrup
  • Dr. Oetker
  • Grain Processing Corporation
  • L'Epicerie
  • Queen of Fine Foods
  • Roquette Freres
  • Tate and LYLE

 

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Grade                           

                                5.1.1 Introduction           

                                5.1.2 Food          

                                5.1.3 Pharma    

                                5.1.4  Y-o-Y Growth Analysis, By Grade  

                                5.1.5  Market Attractiveness Analysis, By Grade

                                5.1.6  Market Share Analysis, By Grade  

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Sweetening Agent

                                5.2.3 Wine         

                                5.2.4 Y-o-Y Growth Analysis, By Application         

                                5.2.5 Market Attractiveness Analysis, By Application        

                                5.2.6 Market Share Analysis, By Application         

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Grade

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Grade

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Grade

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Cargill, Inc.                  

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Argana Group                           

                8.3 Avebe U.A.                 

                8.4 Bakers Kitchen                          

                8.5 Beneo                          

                8.6 DGF Service                

                8.7 Ingredion                    

                8.8 Karo Syrup                  

                8.9 Dr. Oetker                  

                8.10 Grain Processing Corporation                           

                8.11 L'Epicerie                  

                8.12 Queen of Fine Foods                            

                8.13 Roquette Freres                    

                8.14 Tate and Lyle                           

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Grade, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Global Glucose Syrup Market By Region, From 2020-2025 ( USD Billion )
  2. Global Glucose Syrup Market By Grade, From 2020-2025 ( USD Billion )
  3. Global Food Market By Region, From 2020-2025 ( USD Billion )
  4. Global Pharma Market By Region, From 2020-2025 ( USD Billion )
  5. Global Glucose Syrup Market By Application, From 2020-2025 ( USD Billion )
  6. Global Sweetening Agent Market By Region, From 2020-2025 ( USD Billion )
  7. Global Wine Market By Region, From 2020-2025 ( USD Billion )
 

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