Global Glucose Syrup Market Value to cross USD 4.3 BN By 2026
Posted On October 12, 2020
A market research report anticipates the Global Glucose Syrup Market to reach USD 3.4 BN in 2019. It is estimated to grow and reach USD 4.3 BN mark by 2026. The report publisher, Value Market Research expects a CAGR of 3.5% during 2020 to 2026. Growing usage of glucose syrup as a thickener and sweetener agent in various end-user industries such as food, beverage, baking etc is the prime factor driving the market globally. It is gaining popularity due to its numerous benefits such as long shelf life, non-toxicity, anti-crystal, anti-freezing humectants and preservative properties which. In addition, glucose syrup varnishes a food by delivering a glaze to it, thus enhancing the organoleptic value of the food. Moreover, the ever-increasing food and beverage sector across the globe particularly in developing economies is anticipated to propel the growth of this market globally.
Glucose syrup or confectioner's glucose, is a liquid made by hydrolysis of a glucose molecule. The sources can be corn, wheat, potato, and rice. This confectionery sweetener is majorly used in the preparation of candies, chewing gums, ice- creams, chocolates, frozen dessert, baked items, etc. This type of syrup is high in sugar content and may be fat-free. It is also used in the manufacturing of beer and as an ingredient in home-based drinks like iced tea or lemonade. It is used in less quantity as compared to table sugar and is therefore preferred by food and beverage industry as a potential replacement. A glucose syrup offers a good mouthfeel and that is why it is used in cough syrups in pharmaceutical industries.
The first chapter of the report "Global Glucose Syrup Market Report By Grade (Food, Pharma, Others), By Application (Sweetening Agent, Wine, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters.
The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future. By grade the market is divided into Food, Pharma, Others. By application the market is segregated as Sweetening Agent, Wine, Others. The report identifies region which is expected to dominate the market over the next six years among all the regions studied in the report. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Glucose Syrup Market -
- Sweetening Agent
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Luke’s Organic, The Coca - Cola Company, PepsiCo Inc., Danone S.A., Tyrells Potato Crisps Limited, Steric Trading Ptv. Ltd., Lucozade Ribena Suntory, Rhythm Superfoods, Kettle Foods Inc., Green Mills Inc.
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