NEW YORK, United States, June 09, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Crystalline Fructose Market Report 2023 – 2030” in its research database. According to the latest research study, The global crystalline fructose market size was worth around USD 642.37 million in 2022 and is predicted to grow to around USD 958.13 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.12% between 2023 and 2030.
Crystalline Fructose Market Overview:
The crystalline fructose industry refers to the global market for the production and sale of crystalline fructose. It is a sweetener derived from fructose and is a highly refined form of the same which is produced by processing fructose into a crystalline powder or granular form. The most common application of crystalline fructose includes its use as a sweetening ingredient in various food and beverage products.
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The market deals with the production, distribution, and use of crystalline fructose by various industries, including bakery and confectionery, food and beverage, dairy, and others. Crystalline fructose offers several advantages over traditional sugar such as high sweetness intensity, solubility, and stability. During the forecast period, the crystalline fructose industry players can expect several growth opportunities while having to deal with certain challenges and limitations.
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- Introduction, Overview, and in-depth industry analysis are all included in the updated report.
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historical and Forecast Growth, Porter's 5 Forces Analysis
Key Insights from Primary Research
- As per the analysis, the Crystalline Fructose market is likely to grow above a CAGR of around 5.12% between 2023 and 2030.
- The Crystalline Fructose market size was worth around US$ 642.37 million in 2022 and is estimated to hit approximately US$ 958.13 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Due to the rising demand for low-calorie sweeteners, the crystalline fructose market is anticipated to expand significantly.
- Based on nature segmentation, conventional was predicted to show maximum market share in the year 2022
- Based on distribution channel segmentation, business-to-business was the leading channel in 2022
- On the basis of region, North America was the leading revenue generator in 2022.
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Market Dynamics:
Industry Growth Factors:
- The global crystalline fructose market is projected to grow owing to its ability to act as a healthier alternative to traditional sugar such as table sugar. Some factors that have assisted in the increased demand in the market include high sweetness intensity and low glycemic index of crystalline fructose. This means that the compound performs exceptionally as a sweetener without the negative aspects associated with sweet products. In addition to this, the growing preference for clean-label ingredients in food & beverages could also act as a growth propeller.
- In recent times, there has been a growing trend in which consumers are actively seeking or consuming items that consist of clean or natural ingredients. Crystalline fructose which is derived from corn syrup is considered a natural sweetener and hence it efficiently aligns with the changing consumer preference. Companies have managed to leverage this aspect of the compound by marketing tactics influenced by the changing sentiments in the consumer group.
- Furthermore, technological advancements in the production process allowing for improved production of crystalline fructose is another segment to consider as a growth propelling factor.
Restraints:
- During the forecast period, the global crystalline fructose market is expected to come across certain growth restraints such as the availability of alternative sweeteners. The market is highly competitive as it is full of multiple companies operating at both domestic and international levels.
- Alternative sweeteners such as stevia, erythritol, and monk fruit extract have managed to already gain a huge lead as they have an established network and dedicated set of consumers. Moreover, the volatile price fluctuations of the compound depending on factors such as raw material availability, production costs, and market demand could also cause a loss of revenue.
Opportunities & Challenges:
- The rising investments in research studies could provide growth opportunities while the regulatory scrutiny may challenge market growth.
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Competitive Players
The report contains qualitative and quantitative research on the global Crystalline Fructose Market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global Crystalline Fructose market include;
- Archer Daniels Midland Company
- Cargill
- Incorporated
- Tate & Lyle PLC
- DuPont Nutrition & Biosciences
- Ingredion Incorporated
- Roquette Frères
- Mitsubishi Corporation
- Danisco A/S (a subsidiary of DuPont)
- Gulshan Polyols Ltd.
- Shijiazhuang Huaxu Pharmaceuticals Co. Ltd.
- Galam Group
- Dancheng Caixin Sugar Industry Co. Ltd.
- Hebei Huaxu Pharmaceutical Co. Ltd.
- Xi'an Lishide Biotechnology Co. Ltd.
- Foodchem International Corporation
- Wuxi Cima Science Co. Ltd.
Crystalline Fructose Market: Segmentation Analysis
The global crystalline fructose market is segmented based on nature, application, distribution channel, and region.
Based on nature, the global market segments are conventional and organic. Based on application, the global market segments are bakery & confectionery and food & beverages. In 2022, the highest growth was observed in the bakery & confectionery segment where it is often used as a flavor enhancer or a sweetener in a variety of products such as cakes, cookies, and other baked goods. It is responsible for providing or contributing to the texture of the food product along with the browning of the baked items. In the confectionery segment, crystalline fructose is widely used in the production of candies, chewing gums, chocolates, and other sweet treats. In these products, the compound not only improves the sweetness but also impacts the overall look of the product. In 2022, Cadbury’s brand value weighed at USD 5.73 billion.
Based on distribution channel, the global market segments are business-to-customer and business-to-business. The crystalline fructose industry was led by the latter segment also known as B2B in 2022. The high segmental revenue was mainly due to the bulk production and distribution of crystalline fructose. These quantities can only be sold to food processors or manufacturers that incorporate the item in the final product. These transactions typically occur between crystalline fructose suppliers and companies in various sectors such as bakery and confectionery, food and beverage, and other industries where sweeteners are utilized. While certain companies deal in business-to-customer (B2C) transactions, the revenue in this segment is less than the counterpart. The global B2B market was valued at more than USD 7 trillion in 2022.
Regional Analysis:
North America is expected to lead the global crystalline fructose market due to the growing food & beverages industry in the USA and Canada. These regions are home to some of the biggest and highest revenue-generating food producers across the globe. Moreover, the general public which consumes high amounts of processed food is now demanding low-calorie healthy substitutes in the segment leading to market players investing in research & development. In addition to this, the rising health and wellness trend along with government initiatives to educate the masses about the ill effects of consuming high sugar content is expected to drive more people toward healthier substitutes such as crystalline fructose.
In Europe, the CAGR may be driven by the increasing use of crystalline fructose in baked goods such as cakes and cookies along with confectionery items. Europe is known for its baked-food product-influenced diet culture and tourists from across the globe travel to these nations to enjoy local cuisine.
Recent Industry Developments:
- In August 2022, Cargill, a leading company operating in the food sector, announced an investment worth USD 50 million toward building a sustainable corn syrup refinery in the Fort Dodge region Iowa
- In May 2021, Coca-Cola enrolled over 1 million acres of the company’s US corn supply base in an initiative undertaken by Field to Market known as Continuous Improvement Accelerator
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Key questions answered in this report:
- What is the market size and growth rate forecast for Crystalline Fructose industry?
- What are the main driving factors propelling the Crystalline Fructose Market forward?
- What are the leading companies in the Crystalline Fructose Industry?
- What segments does the Crystalline Fructose Market cover?
- How can I receive a free copy of the Crystalline Fructose Market sample report and company profiles?
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 642.37 Million |
| Market Forecast in 2030 | USD 958.13 Million |
| Growth Rate | CAGR of 5.12% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, DuPont Nutrition & Biosciences, Ingredion Incorporated, Roquette Frères, Mitsubishi Corporation, Danisco A/S (a subsidiary of DuPont), Gulshan Polyols Ltd., Shijiazhuang Huaxu Pharmaceuticals Co., Ltd., Galam Group, Dancheng Caixin Sugar Industry Co., Ltd., Hebei Huaxu Pharmaceutical Co., Ltd., Xi'an Lishide Biotechnology Co., Ltd., Foodchem International Corporation, Wuxi Cima Science Co., Ltd., Gremount International Company Limited, Fooding Group Limited, Cofco Biochemical (Anhui) Co., Ltd., Shandong Tianli Pharmaceutical New Material Co., Ltd., Golden Time Chemical (Shanghai) Co., Ltd., SSP Pvt. Ltd., The Fructose Company, Daito Chemical Co., Ltd., and Laiwu Taihe Biochemistry Co., Ltd. |
| Segments Covered | By Nature, By Application, By Distribution Channel, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
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The global crystalline fructose market is segmented as follows:
By Nature
- Conventional
- Organic
By Application
- Bakery & Confectionery
- Food & Beverages
By Distribution Channel
- Business-to-Customer
- Business-to-Business
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2023-2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Nature, By Application, By Distribution Channel, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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