-- Market Overview:
Glucose Syrup can be preserved for a long period of time due to increase in the shelf-life. The moisture content of glucose syrup makes is suitable in preparation of jellies and candies where it is used as a humectant. Glucose syrup is also widely used in ice-cream industries as it prevents crystallization. The application of glucose syrup as a thickener is also raising. In addition, glucose syrup gives a glaze to the food product which increases the organoleptic value of the product.
Based on the form, highest growth rate will be witnessed in liquid followed by granular among the glucose syrup segments during the forecasted period. This is based on the convenience usage and easy transport from one region to another. Moreover, the shelf-life of glucose syrup in liquid form is high as compared to granular or any other form. The liquid form is forecasted to increase at a CAGR of 3.85% in the period of 2016-2022.
Regional Analysis of Global Glucose Syrup Forecast to 2022 Market
the global market for Glucose Syrup has witnessed continued demand during the last few years and is projected to reach 29,888 kilo tons by 2022, at a CAGR of 3.6% during the forecasted period. Asia-Pacific region is estimated to dominate the Global Glucose Syrup Market holding a lion’s share of more than 30% accounting for a market volume of more than 10,000 kilo tons. North America will witness the highest growth rate of 3.94% in the global glucose syrup market whereas Europe and Rest of the world will witness moderate growth rate.
Key Players:
The Key Players Profiled in Glucose Syrup is
Archer Daniels Midland Company (U.S.),
Tate & Lyle plc (U.K.),
Agrana Group (Austria),
Cargill Inc. (U.S.),
Ingredion Incorporated (U.S.),
Roquette (France) and
Grain Processing Corporation
The key players are focusing more on acquisitions of smaller companies and corn-milling plants to increase the market volume of their production. They are also inclined towards following the strategy of expansion in order to penetrate various countries of different regions.
Key Findings
Based on glucose syrup source, highest growth rate will be witnessed in corn followed by wheat among the source segment during the forecasted period
Increased consumption and usage of glucose syrup in food industry will support the high growth of food grade glucose syrup in the market
Based on glucose syrup form, highest growth rate will be witnessed in liquid followed by granular form segment during the forecasted period
Based on the high application of glucose syrup in various food products, the food based application will experience a positive growth rate during the forecasted period
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Market Research Analysis:
High extraction of glucose syrup form corn will drive demand for corn as a major source among the glucose syrup source segment
Increase in consumption and usage of glucose syrup in food industry will support the increase in of market share in food industry
Volume wise market size will continue to be higher under APAC region with more than 40% share. With rise in disposable incomes in India and China and growing demand for sweeteners
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Release ID: 241664
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