Global Glucose Syrup Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Glucose syrup plays a role in many culinary creations, as a transparent and sweet liquid that helps enhance flavors and textures while prolongs shelf life.
Market Key Insights
- The Glucose Syrup market is projected to grow from $5.8 billion in 2024 to $11.3 billion in 2034. This represents a CAGR of 6.9%, reflecting rising demand across Confectionery Manufacturing, Beverage Production and Pharmaceutical.
- The market leaders in this sector include Cargill Incorporated and Archer Daniels Midland Company and Roquette Frres who determine the competitive dynamics.
- U.S. and China are the top markets within the Glucose Syrup market and are expected to observe the growth CAGR of 4.5% to 6.6% between 2024 and 2030.
- Emerging markets including Vietnam, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 7.9% to 9.5%.
- The Health Consciousness Surge transition will drive $800.0 million worth of growth for the Glucose Syrup market through 2030.
- The Glucose Syrup market is set to add $5.5 billion between 2024 and 2034, with manufacturer targeting Wheat & Potatoes Primary Source projected to gain a larger market share.
- With Rising demand in food and beverage industry, and Health advantage over conventional sugar, Glucose Syrup market to expand 95% between 2024 and 2034.
Opportunities in the Glucose Syrup
Given the increasing demand for food options among consumers today and the desire for enhanced nutritional beverages made with glucose syrup presents an opportunity to meet the needs of individuals looking for nutritious energy drinks or meal substitutes that strike a harmonious balance, between health benefits and delicious flavors.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Demand in Food and Beverage Industry, and Advances in Production Technology
Glucose syrup is also becoming increasingly popular due to its health advantages over regular sugar consumption. It offers energy and is also easily digestible making it advantageous for sports enthusiasts and fitness lovers. The rising preference for alternatives is also fueling the demand, for glucose syrup.
Restraint: Rising Health Concerns
Opportunity: Gluten-Free Baking and Vegan Confectionery
The use of glucose syrup is crucial in the vegan candy industry as it enhances sweetness and extends the shelf life of products. With the increasing number of individuals transitioning to vegan lifestyles there could be a need for glucose syrup in plant based desserts creating a promising opportunity, for growth.
Challenge: Fluctuating Raw Material Prices
Supply Chain Landscape
Cargill
ADM Milling Company
Tereos
Ingredion Incorporated
Batory Foods
Tate & Lyle
Eurosweet
Coca-Cola
Nestle
Cargill
ADM Milling Company
Tereos
Ingredion Incorporated
Batory Foods
Tate & Lyle
Eurosweet
Coca-Cola
Nestle