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Fructose Market Report 2024: Strategies And Recent Developments| By The Business Research Company
Fructose
The Business Research Company offers in-depth market insights through Fructose Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fructose market size has grown strongly in recent years. It will grow from $5.64 billion in 2023 to $6.01 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to consumption in food and beverage industry, growing awareness of health and wellness, expansion of the high-fructose corn syrup (HFCS) market, rise in global obesity rates, increased use in pharmaceutical and nutraceutical products.
The fructose market size is expected to see strong growth in the next few years. It will grow to $7.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing demand for natural sweeteners, expansion of clean label and organic trends, application in functional foods and beverages, innovation in low-glycemic index products, rising use in sports nutrition products. Major trends in the forecast period include advancements in food processing technologies, rising demand for low-calorie sweeteners, expanding applications in pharmaceuticals, growing popularity in sports and energy drinks, regional growth in Asia-Pacific.
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Market Segmentation:
The fructose market covered in this report is segmented -
1) By Product: High Fructose Corn Syrup, Fructose Syrups, Fructose Solids
2) By Source: Sugarcane, Sugar Beet, Corn, Fruits And Vegetables
3) By Application: Dairy Products, Baked Goods, Beverages, Cosmetics And Personal Care, Sports Nutrition, Drug Formulations, Other Applications
Major Driver - Fructose Market Surges Amidst Soaring Global Beverage Demand
The increasing demand for beverages is expected to propel the growth of the fructose market going forward. Beverages refer to drinks that are specifically prepared for consumption which include a wide variety of liquid refreshments that are intended for human consumption. Fructose is used as a sweetener in various beverages, provides a quick source of energy, taste appeal, smaller and slower impact on blood sugar levels, flavor enhancement, stability, and can contribute to the extended shelf life of certain beverages, ensuring that they maintain their quality over time. For instance, in April 2022, according to a report shared by Common Thread Collective, a US-based e-commerce growth agency, in 2021, global food and beverage sales were $435.3 billion, and in 2022 it was $506 billion. It is expected to reach $857 billion by 2025. Therefore, the increasing demand for beverages is driving the growth of the fructose market.
Competitive Landscape:
Major companies operating in the fructose market report are Cargill Corporation, Archer Daniels Midland Company, Ajinomoto Co. Inc., Kerry Group, Ingredion Incorporated, DuPont Nutrition & Biosciences, Roquette Freres, AGRANA Beteilgungs AG, Tate & Lyle PLC, Showa Sangyo Co. Ltd., The Agrana Group, Xiwang Group Company Limited, NOW Foods., Global Sweeteners Holdings, Galam Ltd., Atlantic Chemicals Trading, Danisco A/S, Farbest Brands, Bell Chem, Shijiazhuang Huaxu Pharmaceutical Co. Ltd., COFCO Rongshi Biotechnology Co. Ltd., Japan Corn Starch Co. Ltd., Navarest, A & Z Food Additives Co. Ltd., Biovittoria Limited, Hebei Huaxu Pharmaceutical Co. Ltd., Nihal Import, Anhui Elite Industrial Co. Ltd., Tianjin Haitong Chemical Industrial Co. Ltd., Qingdao Lambert Holdings Co. Ltd., Jinjiang Just Food Co. Ltd., Gadot Biochemical Industries Ltd.
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Top Trend - Innovative Fructose-Based Products Propel Market Growth
Major companies operating in the fructose market are focusing on innovative products such as fructose fuel to drive revenues in their market. Fructose Fuel refers to biofuels derived from fructose-rich resources like fruits, sugarcane, or corn. These fuels are produced through various processes, including fermentation and thermal conversion. For instance, in July 2023, INFINIT Nutrition, a US-based provider of natural personalizable supplements, launched PREMIUM Fructose Fuel. It's a scientifically formulated sports drink mix designed for endurance athletes who are looking to maximize performance during long workouts and races. PREMIUM Fructose Fuel contains 90 or 120 grams of carbohydrates per serving, which is significantly more than most other sports drinks. The 2:1 glucose-to-fructose ratio in PREMIUM Fructose Fuel helps to maximize carbohydrate absorption and utilization.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fructose Market Characteristics
3. Fructose Market Trends And Strategies
4. Fructose Market - Macro Economic Scenario
5. Fructose Market Size And Growth
…..
27. Fructose Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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