Wilmington, Delaware, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Global Glucose Syrup Market is valued at US$ 4.1 billion in 2023 and is expected to grow at a significant CAGR of over 4.7% over the forecast period of 2023-2030, according to the published market report by RationalStat
Market Definition, Market Scope, and Report Overview
Glucose syrup, finds application in a variety of food products, with the food & beverage industry becoming the key end user in the forthcoming years.
In addition, the rising expenditure to undertake research and development activities, increasing demand for glucose syrup by the pharmaceuticals industry, and rising consumption of ice creams and chocolates especially in emerging economies will further induce growth in the global glucose syrup market.
The rising population and surge in the demand for snacks such as ready-to-eat, frozen, and packaged foods are the major factors fostering the growth of the glucose syrup market. Changing and evolving lifestyles, coupled with the growth in the penetration of e-commerce platforms especially in developing economies are anticipated to create momentum in the market growth.
- According to a deep-dive market assessment by RationalStat, the global glucose syrup market has been analyzed on the basis of market segments, including nature, product type, application, extraction and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global glucose syrup market covers market sizes on the basis of market value (US$/EUR Million) and volume (Liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global glucose syrup market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Glucose Syrup Market: Segmental and Market Share Analysis
- On the basis of region, North America is anticipated to dominate the market, owing to the growing demand for ready-to-eat food and beverage items among individuals in the region.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 4.1 billion |
| Market Size Forecast | US$ 5.6 billion |
| Growth Rate | 4.7% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global glucose syrup market include,
- In June 2023, Cargill collaborated with the University of Cambridge to study the use of glucose powders in sustainable food packaging. This study will help to develop new ways to use glucose powders in food packaging that are more environmentally friendly.
- In March 2023, Ingredion Incorporated acquired Agrana Group, a leading manufacturer of glucose powders. This acquisition will allow Ingredion Incorporated to expand its product portfolio and reach new markets.
Some of the prominent players and suppliers operating and contributing significantly to the global glucose syrup market growth include Queen Fine Foods, Bakers Kitchen, Dr. Oetker, DGF Service, Karo Syrup, Luke’s Organic, L’Epicerie, Sunar Misir, Kettle Foods Inc., and Cargill Incorporated Inc., among others.
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RationalStat has segmented the global glucose syrup market based on nature, product type, application, extraction and region
- Global Glucose Syrup Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Nature
- Organic
- Conventional
- Global Glucose Syrup Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Product Type
- Sun Dried
- Bulk-sun Dried
- Freeze dried
- Global Glucose Syrup Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Application
- Soup Mixes
- Seasoning and Savories
- Snack Foods
- Curries and Gravies
- Baby Food
- Others (Cosmetics)
- Global Glucose Syrup Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Extraction
- Cold Break
- Hot Break
- Global Glucose Syrup Market Value (US$ Million), Volume (Liters), and Market Share (2019-2030) Analysis by Region
- North America Glucose Syrup Market
- US
- Canada
- Latin America Glucose Syrup Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Glucose Syrup Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Glucose Syrup Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Glucose Syrup Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Glucose Syrup Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Glucose Syrup Market
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Key Questions Answered in the Glucose Syrup Report:
- What will be the market value of the global glucose syrup market by 2030?
- What is the market size of the global glucose syrup market?
- What are the market drivers of the global glucose syrup market?
- What are the key trends in the global glucose syrup market?
- Which is the leading region in the global glucose syrup market?
- What are the major companies operating in the global glucose syrup market?
- What are the market shares by key segments in the global glucose syrup market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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