Glucose Syrup Market Research Future Insights:
During the projection period of 2022 to 2030, the global market for glucose syrup is anticipated to grow at a CAGR of 5.45% to reach 5.2 billion by volume. The body uses glucose, a simple sugar, as its main source of energy and it is present in all of its systems and functions. Due to its essential role in the sustenance and maintenance of life, glucose is included on the World Health Organization's list of essential medicines.
Because glucose syrup is concentrated, transportation expenses are lower, leading to efficiency. Another factor influencing the Glucose Syrup Market is the government's support of agriculture, particularly sugar beet and sugarcane farmers. Due to insufficient sugar production from sugar beets due to the situationally increasing demand for glucose syrup, North America and Europe are now net sugar importers. The increase in demand from the food, beverage, and confectionery industries was the cause of the glut. The market is also being driven by the explosive growth of canned and packaged foods.
Other factors influencing the use of glucose syrup include its long shelf life, humectant and preservative properties, nontoxicity, anti-freezing and anti-crystal formation, and glaze generation.
Regional Analysis:
With more than 10,000 kilo tonnes of manufacturing, the Asia-Pacific area accounts for more than 30% of global production by volume. The two most powerful countries in the Asia Pacific are China and India. Russia is anticipated to experience significant growth as a result of its significant sugar beet production. Brazil, Venezuela, and Ecuador in Latin America are anticipated to offer significant market potential.
Due to the government's extensive corn subsidies, North America is predicted to grow at the fastest rate of 5.94%. It is anticipated that France, Germany, Ukraine, and other nations will lead Europe.
South Africa, Angola, and other African countries are anticipated to dominate the Middle East and Africa market.
Market Segmentations:
The global glucose syrup market has been divided into segments based on source, grade, application, and geography to create an aerial picture of the market.
The market has been divided into categories for corn, wheat, barley, potatoes, rice, cassava, and others, according to the source. By source, corn and wheat hold the highest market shares. A CAGR of 5.45% is anticipated for the liquid version of the product.
Based on grade it has been divided into food, pharmaceutical, industrial, and other categories. On basis of shape it has been divided into liquid, granular, and other segments. The market for liquid forms is anticipated to increase at the quickest rate, followed by granular forms.
The division of market on the type of application includes food, beverage, confectionery, pharmaceuticals, and other categories. The market for glucose syrup is anticipated to be dominated by food-based applications.
Key Players:
Cargill Inc. (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Agrana Group (Austria), Roquette (France), Tate & Lyle plc (U.K.), Grain Processing Corporation (U.S.), and others are the major global Key Glucose Syrup Market Players.
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Weinmarktforschungsbericht nach Typ (Rotwein, Weißwein, Roséwein, Sekt und andere), Verpackungsart (Flaschen und Dosen), Vertriebskanal (Gastronomie und Einzelhandel (Supermärkte und Verbrauchermärkte, Fachgeschäfte und andere) und Region (Nordamerika, Europa, Asien-Pazifik und Rest der World) - Prognose bis 2027
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