Glucose Syrup Market Research Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2032

Glucose Syrup Market Size Research Report – In a Glance

As per the Research report on global Glucose Syrup market, the market is projected to foresee a CAGR of 5.3% between 2024-2032, and further generate a market size of USD 78 billion by the end of 2032. In the year 2023, the market size was valued at USD 45 billion.

• The global Glucose Syrup market is projected to grow on account of the increasing demand in food and beverage industry.
• In Japan, the Glucose Syrup market growth can be attributed to the rising consumer preference for natural sweeteners.
• KDMI analyst’s growth analysis foresees consumer health concern to challenge the market growth.
• The Asia Pacific Glucose Syrup market is projected to dominate the global market.

Glucose Syrup Market Analysis

Glucose syrup also known as corn syrup or dextrose syrup is a sweetening agent derived from starch, usually corn, wheat or potatoes. It is manufactured through hydrolysis, a process where starch molecules are broken down into simpler sugar that is glucose. This process results in a thick viscous liquid with a high sugar content. Glucose syrup is widely used in food and beverages industry to manufacture sweeteners, thickeners, and moisture-retaining agent due to its unique property. It also enhances flavor, texture, color and shelf life of variety of products such as candies, baked goods, beverages, and other processed food.

The demand for baked goods such as cakes, candies, Jello’s, etc., are driving the market growth. As glucose syrup is widely used in various cooking processes, the production of baked goods and beverages such as Tea, coffee, cocktails, etc., all require sugar as a sweetener and enhancing taste buds. The global sugar market reached a consumption rate of 192 million tons in 2023 depicting a significant potential of the market to grow. Tale and Lyle, Karo Syrup and Dr. Oetker are some of the significant parties in the global market for Glucose Syrup.

Analyst’s Observation on Japan Glucose Syrup Market Research

Japan famous for its rich culinary tradition and appreciation of diverse flavor is witnessing a big shift in the sweetening practice. Increasing consumer favoritism towards natural sweeteners drive the demand of glucose syrup. As the number of diabetic patients are increasing health consciousness is also increasing, there’s is notable shift from artificial sweeteners or additive to natural ones. Lakanto is an excellent sugar sweetener popular in Japan that contains no calories and low impact on blood sugar level. Japanese researchers and food technologist are suggesting to stop eating artificial sweeteners and shift towards the usage of natural ones, driving the market growth. Matsutani Chemical Industry Co., Ltd. Sanwa Starch Co., Ltd. and Nihon Shokuhin Kako Co., Ltd. are some of the significant parties in the market for Glucose Syrup in Japan.

Glucose Syrup Market Growth Drivers and Challenges

Rising consumer preference for natural and organic sweeteners to drive market growth:

The increasing focus towards natural and organic sweeteners among consumers has propelled the demand for glucose syrup. With the growing awareness about health and wellness, consumers are seeking for better and healthy alternatives to traditional sweetening agent. Glucose syrup being derived from natural sources aligns with the consumer preference, offering a more wholesome option. As a result, manufacturers are adapting to this shift in consumer choice by using natural and organic glucose syrup.

Increasing consumer health concern to limit market growth:

With rising awareness about the potential health risk associated with excessive sugar consumption poses a significant restraint on the market growth. Concerns regarding diabetes, obesity and other health issue linked to high sugar intake leads to the reduces demand for glucose syrup, demotivating manufacturers to invest in the market.

Glucose Syrup Market Segmentation

Our experts at KD Market Insights have segmented the global Glucose Syrup market research report as:

Glucose Syrup Market Regional Synopsis

The Asia Pacific Glucose Syrup market is majorly driven by increased demand of sugar syrup in this region. The market is witnessing high growth, primarily driven by China and India. In Asian countries sugar consumption is noted to be 40 kg/capita. The expanding need for sugar and sugar alternatives partly contributes to glucose syrup role as a sugar substitute. Moreover, the consumption of sugar is very high between Asian people fueling the demand for glucose syrup. The evolving consumer preferences towards healthier food option further boosts the demand for glucose syrup, driving the market growth.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific Glucose Syrup market growth:

• Ingredion
• Roquette
• Cargill
• Tate & Lyle
• Mitr Phol Sugar Corporation

Glucose Syrup Market Competitive Landscape

Some of the key players who top the global Glucose Syrup market share:

• Agrana Group
• Bakers Kitchen
•  DGF Service
•  Archer Daniels Midland
•  Karo Syrup
•  Dr. Oetker
•  Ingredion
•  Roquette Freres
•  Queen Fine Foods
•  Beneo
•  Grain Processing Corporation

Glucose Syrup Market Recent Developments

• Cargill partnered with ENOUGH to research the utilization of glucose powders in eco-friendly food packaging.
• Ingredion Inc launched a new range of low-sugar glucose syrups in the US and Canada knows as VERSASWEET and can be used in manufacturing of confectionery, dairy, ice-creams and baked goods.