Glucose Syrup Market Size, Share & Trends Report

Glucose Syrup Market Size, Share & Trends Analysis Report By Grade (Food, Pharma), By Application (Sweetening Agent, Wine), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jun, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-108-5
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 75

Industry Insights

The global glucose syrup market size was valued at USD 3.3 billion in 2018 and is anticipated to expand at a healthy CAGR over the forecast period. Escalating demand for convenience food and growing usage of glucose syrup in baked food items like candies are some of the factors propelling the market growth. Industries such as confectionery, pharmaceuticals, and food and beverages require glucose syrup as a sweetener. Furthermore, glucose syrups are used for the production of ice creams, chewing gums, chocolates, and canned foods owing to rising demand for sugar replacers.

Glucose syrup is gaining popularity owing to its long shelf life. Moreover, it offers a better alternative to the conventional granular sugar. Nontoxicity, anti-crystal, anti-freezing humectant (an element that retains moisture and maintains freshness), and preservative properties are driving the demand for glucose syrup. Application of glucose syrup as a thickener is increasing apart from a sweetener. Additionally, glucose syrup varnishes a food grade by giving a glaze to it, thereby increasing the organoleptic value of the grade.

U.S. glucose syrup market

Moreover, strength of private label brands, growing need to curtail costs, and increasing investments by the industries are expected to fuel the revenue of the major players in the dextrose syrup market. For instance, in 2017, Archer Daniels Midland Co. (ADM) invested USD 129.00 million in the research and development activities. However, adverse effects due to heavy intake of glucose syrup are causing a negative impact on the market growth. Additionally, public food systems, diversification of sugar over inefficient rationing, and falling cost due to market fragmentation, are challenging the market.

The U.S. market is expected to witness significant growth and expand at a CAGR of 7.1% over the forecast period. The country is marked with a strong presence of major players such as Bakers Kitchen Inc., which are the largest contributors to the market growth in U.S. They will continue holding the largest share in the target market owing to the popularity of desserts in the country.

Grade Insights

The glucose syrup market is classified based on grade as food, pharma, and others. The food grade segment is anticipated to generate a revenue of USD 1.4 billion by 2025. High demand for sweeteners in the confectionery grades and growth of the bakery industry are the key factors boosting the segment growth.

The others category comprises of beverages such as cold drinks. This category holds a major share in the market. Large amount of glucose syrup is found in fruit drinks and soft drinks, which accounts for almost 50.0%. Furthermore, the intake of soft drinks has increased 5-fold over the past couple of years. This is expected to create a positive impact on the sales of glucose syrup.

Application Insights

The market is classifies based on the application as sweetening agent, wine, and others. Wine holds the largest share in the market. Sugar is the important component in any wine. During fermentation, grapes accumulate sugar in the form of glucose and fructose. Natural glucose tastes less sweet than fructose in wine. Hence, to increase the sweetening effect, dextrose syrup is used in various wines. During the time of fermentation, the dextrose syrup is added and stirring speed is controlled that provides a light pinkish color to the wine, thereby making it look attractive. This is one of the major reasons for the use of dextrose syrup during the fermentation of wine.

Regional Insights

In 2018, Asia Pacific held the largest market share of 30.0% in terms of revenue. The region continues to be the leading market owing to rising demand for glucose syrup in China and India and growing need for a sugar replacement in these countries. Consumers are looking for more natural and healthier alternatives to the conventional sugar to combat diseases like diabetes and obesity. Russia is anticipated to witness considerable growth due to its huge production of sugar beet.

Europe is likely to be one of the major regional markets over the forecast period, owing to growing demand for the syrup in France and Germany. Asia Pacific is expected to be the fastest growing regional market due to improved eating habits and adoption of the western culture in the developing countries. Emergence of new players as well as brands and availability of organic snacks on e-commerce platforms in countries like India and China are expected to boost the dextrose syrup market growth in the region.

Global glucose syrup market

North America is expected to witness healthy growth over the forecast period owing to the provision of farm subsidies by the government. This region has the most country-specific markets namely U.S., Canada, and Mexico, when U.S. is the most secure economy.

Glucose Syrup Market ShareInsights

In June 2018, the U.S. Food and Drug Administration (FDA) reassessed a plan requiring added sugar, including glucose syrup, be included on all pure maple syrup and honey labels, which, in turn, encouraged the other players in the global market. Various manufacturers are engaged in increasing the concentration of glucose syrup to increase the efficiency and reduce the transportation cost.

The market is competitive in nature with a significant number of established players, making high investments in R&D activities in order to create grade differentiation. Key players having a strong foothold in the global market are Cargill, Inc.; Agrana Group; Avebe U.A.; Bakers Kitchen; Archer Daniels Midland; Beneo; DGF Service; Ingredion; Karo Syrup; Dr. Oetker; Grain Processing Corporation; L'Epicerie; Queen Fine Foods; Roquette Freres; and Tate and Lyle.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa

Country scope

U.S., Germany, India, China, Brazil, and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global glucose (dextrose) syrup market report based on grade, application, and region:

  • Grade Outlook (Revenue, USD Billion, 2015 - 2025)

    • Food

    • Pharma

    • Others

  • Application Outlook (Revenue, USD Billion, 2015 - 2025)

    • Sweetening Agent

    • Wine

    • Others

  • Regional Outlook (Revenue, USD Billion, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

    • Asia Pacific

      • India

      • China

    • Central and South America

      • Brazil

    • Middle East and Africa

      • South Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified