The global glucose-fructose syrup market is on a steady growth trajectory, fueled by its widespread application in the food and beverage industry and its role as a cost-effective alternative to sucrose. The market is set to grow from USD 9,300.5 million in 2024 to USD 11,718.6 million by 2034, registering a CAGR of 2.6%. The rising demand for processed foods, confectioneries, baked goods, and soft drinks is a key factor propelling market expansion.
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Key Takeaways
- The global glucose-fructose syrup market is expected to surpass USD 11.71 billion by 2034, growing at a CAGR of 2.6%.
- Increasing use of glucose-fructose syrup in soft drinks, dairy, confectionery, and baked products is driving demand.
- Cost efficiency, improved shelf-life, and ability to enhance texture and taste make it a preferred sweetener.
- The Asia-Pacific region is witnessing the fastest market growth due to increasing consumption of processed foods and beverages.
- Key industry players are focusing on product innovation and expansion strategies to maintain a competitive edge.
Flavoring potentialities and glucose-fructose syrup play a crucial role in the textural characteristics of snack products. It is hygroscopic and, therefore, useful in maintaining moisture to make products and edible items tasty when consumed. This is especially significant within the convenience snack category since consumers expect snacks to be fresh throughout their shelf life.
Glucose fructose syrups are particularly beneficial because they are used to adjust the formulations with lower sugar and added functionality such as fiber and protein. Such flexibility enables brands to market their products as both relevant to modern consumers’ lives as well as healthy, which is something that all consumers seek when considering snacks and food.
“The Glucose-fructose syrup market is set to witness robust growth in the coming years, driven by changing consumer preferences, technological advancements, and innovative product developments. Companies must adapt to these trends to remain competitive and capitalize on emerging opportunities”, – says Nandini Roy Choudhury, Client Partner at Future Market Insights
Explore in-depth analysis of the functional food ingredient industry: https://www.futuremarketinsights.com/industry-analysis/functional-food-ingredients
Who is winning?
In the industry, there are several major players like Cargill, Inc., Archer Daniels Midland Company (ADM), Tate & Lyle PLC, Ingredion Incorporated, Roquette Frères, and SunOpta Inc. These major players primarily concentrate on the introduction of new products and product developments. Due to Glucose-fructose syrup’s many application options and its incredibly powerful health benefits, major manufacturers are working to expand the product’s areas of use.
For Instance,
In 2020, Tate & Lyle said that it was extending its glucose-fructose syrup portfolio, with a clear focus on clean labels due to rising consumer consciousness in the ingredients industry.
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Get valuable insights into the Specialty Yeas Market:
Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the Glucose-fructose syrup market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034.
The study categorizes valuable insights into the Glucose-fructose syrup market based on Source, Application, Packaging, Claim, Distribution Channel, and Region. By Source, the segment has been categorized into Wheat and Maize, Different Pet types of Bakery, Beverages, Confectionery, Culinary, Dairy & Ice Cream, and Fruit Processing are the application, Packaging types including Bottles, Cans, and Pouches, Different Claim Include Gluten-free, Vegan, Dairy-free, Dairy-free, Different Distribution Channel which included Direct, Indirect, Store-based Retailing, and Online Retail, in key Regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
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