The consumption of glucose syrup is increasing based on the high demand for starch based sweeteners across various food and beverage manufacturing industries. Consumer’s preference towards sweetened bakery and confectionery products is raising the demand for glucose syrup globally. Advancements in technology and improved supply availability in the developing markets like India and China has led to strong growth opportunities for the market. Hence, the glucose syrup market is projected to grow at CAGR of more than 3.6% from 2016 to 2022.
North America will witness maximum growth in the glucose syrup market followed by Asia Pacific. The region is evaluated to have a high growth rate of 3.94% in the given forecast period. Canada will witness the highest growth rate amongst the other regions in North America. In addition, U.S. is projected to hold more than 80% of the overall share in the glucose syrup market. North America is projected to hold a share of more than 25% in the pharmaceutical based form of glucose syrup during the forecast period. The consumption of granular glucose syrup in North America is anticipated to hold more than 10% of the total share in the granular segment.
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Major Key Players:
This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players such as Cargill Inc. (U.S.), Archer Daniels Midland Company (U.S.), Tate & Lyle plc (U.K.), Agrana Group (Austria), Ingredion Incorporated (U.S.), Roquette (France), Grain Processing Corporation (U.S.). Key players are focusing more on acquisitions and expansions in order to penetrate and gain competitive edge.
- Based on glucose syrup source, highest growth rate will be witnessed in corn followed by wheat among the source segment during the forecasted period
- 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
The reports also cover Country Level Analysis,
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