Glucose Syrup Market Key Players: Cargill Inc., Archer Daniels Midland Company, Tate & Lyle plc, Agrana Group, Ingredion Incorporated, Roquette

Market Overview:

The Global Market for Glucose Syrup has witnessed continued demand during the last few years and is projected to reach 29,888 kilo tons by 2022, at a CAGR of 3.6% from 2016 to 2022. Raise in demand across various industries such as food and beverage, pharmaceuticals, confectionery are driving the global glucose syrup market.

The demand for sugar replacer and sweeteners is increasing globally. Glucose syrup is used widely in manufacturing of candies, chocolates, chewing gums, ice-cream and canned foods. Glucose syrup is a potential glucose replacer and is used in lesser quantity than table sugar and hence is used more in food and beverages. Glucose syrup gives a good mouth feel and hence is used in cough syrups in pharmaceutical industries.

Glucose Syrup can be preserved for a long period of time due to increase in the shelf-life. The moisture content of glucose syrup makes is suitable in preparation of jellies and candies where it is used as a humectant. Glucose syrup is also widely used in ice-cream industries as it prevents crystallization. The application of glucose syrup as a thickener is also raising. In addition, glucose syrup gives a glaze to the food product which increases the organoleptic value of the product.

Based on the form, highest growth rate will be witnessed in liquid followed by granular among the glucose syrup segments during the forecasted period. This is based on the convenience usage and easy transport from one region to another. Moreover, the shelf-life of glucose syrup in liquid form is high as compared to granular or any other form. The liquid form is forecasted to increase at a CAGR of 3.85% in the period of 2016-2022.

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Major Key Players:

• Tate & Lyle plc (U.K.),
• Agrana Group (Austria),
• Ingredion Incorporated (U.S.),
• Cargill Inc. (U.S.),
• Archer Daniels Midland Company (U.S.),
• Roquette (France) and
• Grain Processing Corporation
 
The key players are focusing more on acquisitions of smaller companies and corn-milling plants to increase the market volume of their production. They are also inclined towards following the strategy of expansion in order to penetrate various countries of different regions.

Key Findings

• Increased consumption and usage of glucose syrup in food industry will support the high growth of food grade glucose syrup in the market
• Based on glucose syrup form, highest growth rate will be witnessed in liquid followed by granular form segment during the forecasted period
• Based on the high application of glucose syrup in various food products, the food based application will experience a positive growth rate during the forecasted period
• Based on glucose syrup source, highest growth rate will be witnessed in corn followed by wheat among the source segment during the forecasted period

Market Research Analysis:

• High extraction of glucose syrup form corn will drive demand for corn as a major source among the glucose syrup source segment
• Increase in consumption and usage of glucose syrup in food industry will support the increase in of market share in food industry
• Volume wise market size will continue to be higher under APAC region with more than 40% share. With rise in disposable incomes in India and China and growing demand for sweeteners

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Regional Analysis-
Asia-Pacific region is estimated to dominate the market holding more than 40% in the year 2016 followed by Europe with more than 25% of the total share. Thailand is one of the major glucose syrup producers in the Asia-Pacific region. In North America, U.S. holds the major share for glucose syrup market, followed by Mexico. Canada is projected to grow with the highest CAGR in the given forecast period due to the increased consumption of sweetened food and beverages.

Table of Contents

1 Executive Summary

2 Introduction

3 Research Methodology

4 Market Dynamics

5 Market Trends

Continued….

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