Glucose Syrup Market
Glucose Syrup Market Analysis By Grade (Food, Pharma, Industrial & Others), By Source (Wheat, Corn, Barley, Rice, Potatoes), By Form (Liquid, Granular), By Application (Pharmaceuticals, Foods, Beverages) & By Region - Global Market Insights 2023 to 2033
Analysis of Glucose Syrup Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Glucose Syrup Market Outlook (2023 to 2033)
The global glucose syrup market is valued at US$ 4.2 billion in 2023 and is projected to reach US$ 6.9 billion by the end of 2033, expanding at a steady CAGR of 5% from 2023 to 2033.
Escalating requirements for convenience foods along with increasing use of glucose syrups in various baked food items are projected to stimulate their sales over the coming years.
Different industries, including pharmaceuticals, food & beverages, and confectionery widely use glucose syrup as a sweetener. In the production of chewing gums, canned foods, ice creams, and chocolates, glucose syrup is used as a major ingredient.
Glucose syrup, a sweetening liquid, is manufactured after the hydrolysis of various glucose molecules, commonly rice, corn, potatoes, and wheat. These molecules are used to prepare glucose syrup owing to their rich starch content. It is utilized widely to make candies and frozen desserts. In baked food products, it is used to add sweetness.
Sugar syrup is free from any type of fat, but contains calories. Glucose syrup, which is produced from cornstarch, generally contains a small portion of zinc, calcium, and thiamine. At times, it is also used to manufacture beer. In household settings, sugar syrup is used commonly as an important ingredient to make iced tea and homemade lemonade.
Glucose syrup is becoming popular around the world owing to its longer shelf life. As an effective alternative to traditional granular sugar, it is used widely in different food products.
The anti-crystal, non-toxic, and preservative properties of glucose syrup are predicted to contribute to its increased sales. Glucose syrup also has an anti-freezing humectant, which can maintain freshness and retain moisture in food products.
Apart from a sweetener, glucose syrup is also applied as a thickener. Moreover, it varnishes different food products while giving a glaze to them, and thus helps to increase the organoleptic value of the respective grade. The growing investments by prominent companies, the rising need to curtail prices, and the strength of private-label brands are estimated to generate revenue in the target market.
Adverse effects of heavy intake of glucose syrup are anticipated to curtail growth opportunities. The decreasing cost of sugar syrup due to market fragmentation is also predicted to create challenges for suppliers of glucose syrup.
A detailed analysis of the market for glucose syrup is provided in the research report published by Fact.MR, a provider of market research and competitive intelligence. Various aspects of the market, including growth drivers, regional analysis, key players, current trends, value chain, market dynamics, and others are included in the research report.
Glucose Syrup Market Size in 2023
US$ 4.2 Billion
Forecasted Market Value (2033)
US$ 6.9 Billion
Global Market Growth Rate (2023 to 2033)
Key Companies Profiled
Why are Sales of Glucose Syrup Rising Steadily Globally?
“Growing Use of Glucose Syrup in Bakery & Confectionery Products”
In recent years, there has been a substantial increase in demand for baked food products, including pancakes, waffles, cakes, etc. Glucose syrup is utilized to make candies due to its consistency, which is helpful to prevent crystallization. Chefs are giving preference to glucose syrup as it does not impact the appearance of products and improves the moisture retention capacity of products, which generally keeps baked food fresh.
Glucose syrup is also utilized in the manufacturing of confectionery items due to its ability to maintain a smooth texture and prevent a grainy texture. Glucose syrup acts as an energy syrup for yeast, which is estimated to propel its demand in the brewery industry over the forecast period.
“Simple Carbohydrates of Glucose Syrup Helping Easy Digestion of Food Products”
Simple carbohydrates are contained in glucose syrup; therefore, its digestion is comparatively easier by the elderly as well as infants, which is expected to propel its demand in the production of a wide variety of food products around the world.
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Which Factors Can Restrain the Sales Growth of Glucose Syrups?
“Excessive Consumption of Glucose Syrup Can Lead to Various Diseases”
There are a few factors that are anticipated to have adverse impacts on the demand for glucose syrup. For instance, foods with glucose syrup make people feel hungry faster. The body secretes more insulin in cases of excessive consumption of glucose syrup, which is predicted to lead to the generation of various health issues.
Consumers are becoming more aware of different diseases or disorders, including high blood pressure, diabetes, and other lifestyle-related health conditions or diseases. Thus, the increasing awareness about issues caused due to excessive consumption of glucose syrup is estimated to hinder growth opportunities for suppliers in the target market.
“Increasing Popularity of Natural Sugar Sources”
People are becoming more conscious of the adverse impacts of the consumption of artificial sweeteners. Therefore, demand for natural sugar sources, including honey and jaggery is rapidly increasing, which is predicted to negatively impact demand for glucose syrup.
Which Region is Forecasted to Generate Substantial Revenue for Glucose Syrup Manufacturers?
“Continuously Rising Demand for Sweet Food Products in Asia Pacific”
The Asia Pacific market is predicted to expand at a noticeable rate owing to the rising requirements for various types of sweet food, including ice cream, chocolates, etc. Moreover, the easily accessible raw materials, owing to the availability of large agricultural lands to produce corn and wheat in the region, are also predicted to contribute to a higher revenue share.
The processed food industry is one of the key industries propelling the demand for sugar dissolvers.
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Why is Demand for Glucose Syrup Increasing in Japan?
“Rising Use of Glucose Syrup in Chilled Desserts & Confectioneries”
Glucose syrup is used as a sweetener in different types of food products in Japan. It is widely used in chilled desserts and confectionery food items. Glucose syrup made from corn starch is gaining popularity in Japan.
What Makes the United States a Lucrative Market for Glucose Syrup Manufacturers?
“Presence of Key Market Players and Ongoing Research Activities”
The presence of some key players in the United States along with ongoing research activities to manufacture low-sugar glucose syrup or powder is estimated to generate lucrative opportunities. Adoption of some strategies, including introducing low-calorie-containing products, low-price products, and flavored glucose syrup are anticipated to fuel growth in the target market in the United States.
Which Grade of Glucose Syrup is Most Widely Utilized?
“Rising Use of Food-grade Glucose Syrup in Confectionery Products”
Based on grade, the global industry is divided into food, pharma, industrial, and others. The food-grade segment is predicted to generate lucrative opportunities for industry players due to increased demand for sweeteners in confectionery products. The expansion of the bread industry is also predicted to boost sales of glucose syrup owing to the use of mild sweetness in industry products.
Which Form of Glucose Syrup is More Popular?
“Liquid-based Glucose Syrup Gaining Traction Worldwide”
Liquid and granular are two popular forms of glucose syrup, which are available for consumption around the world. The liquid form of glucose syrup is expected to hold a noteworthy share of the total revenue. The food & beverages industry is the key consumer of liquid glucose syrup owing to its excellent properties.
Which Source is Primarily Used to Manufacture Glucose Syrup?
“High Starch Content of Corn Contributing to Increased Use in Glucose Syrup Production”
Wheat, corn, rice, barley, potatoes, cassava, and other sources are used to obtain glucose syrup. Corn-based glucose syrup is gaining prominence around the world. Glucose syrup is used as a sweetening liquid, which is manufactured by the hydrolysis of glucose molecules. The high starch content of corn is estimated to stimulate its demand for the production of glucose syrup.
In the manufacturing of sweets and frozen desserts, glucose syrup is used significantly. Glucose syrup is employed to add sweetness to different baked goods and is generally fat-free.
Which End-use Industry Consumes Glucose Syrup in Substantial Amounts?
“Beverage Industry Generating Substantial Demand for Glucose Syrup”
Pharmaceuticals, food, beverages, confectionery, and other applications of glucose syrup are forecasted to contribute to rising sales of glucose syrup. The beverages industry is predicted to hold a noteworthy share of total revenue, growing at a significant rate. Sugar is used as an essential ingredient in all sorts of wines.
Grapes accumulate sugar in glucose and fructose form during fermentation. Natural glucose tastes less sweet compared to wine’s fructose. Therefore, dextrose syrup is used in different types of wines to increase sweetening effects. During the fermentation process, dextrose syrup is added to the respective product and the speed of stirring is adjusted to give the wine a light pinkish tint to make it look appealing.
This serves as one of the key reasons to use dextrose syrup during fermentation.
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Competitive landscape highlights only certain players
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Suppliers of glucose syrup are making huge investments in the effective functioning of supply chain management systems. Players are also investing in new developments to offer user-friendly products to health-conscious consumers. Certain regulatory frameworks are also imposed by respective governing bodies to ensure minimal environmental impacts. Measures for products’ quality control are taken by respective manufacturers.
New product development is one of the prominent strategies adopted by manufacturers of glucose syrup. The rising population of health-conscious people is stimulating manufacturers to launch low-sugar or healthier variants of glucose to attract more consumers.
For instance :
- In November 2020, Ingredion Inc. announced the launch of Stablesweet LD low-sugar glucose syrup. It is derived from corn and enables producers to manufacture shelf-stable products with comparatively lower sugar content.
Key companies in the glucose syrup market are Cargill, Inc., Bakers Kitchen, Tate and Lyle, Roquette Freres, Queen Fine Foods, Grain Processing Corporation, DGF Service, and Archer Daniels Midland.
Segmentation of Glucose Syrup Industry Research
By Grade :
By Source :
By Form :
By Application :
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global glucose syrup market stands at a value of US$ 4.2 billion in 2023.
Sales of glucose syrup are projected to rise at a CAGR of 5% from 2023 to 2033.
Liquid-based glucose syrup is estimated to experience an increase in demand across different end-use industries globally.
The beverages industry holds a prominent share of global market revenue.
The market for glucose syrup is predicted to reach US$ 6.9 billion by the end of 2033.