Market Information:
The market
share for glucose syrup has been escalating based on the increasing usage of
the product across various industries. The high self-life of the product is a
result of wide focus on research and development sector across various food and
beverage industries. The equivalent sweetness as table sugar and usage in
lesser quantity has increased the popularity of glucose syrup globally. Hence,
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.
The
market data and market information presented through market data tables and
figures spread over 125 numbers of pages of the project report. Avail the
in-depth table of content TOC & market synopsis on “The Global Glucose
Syrup Market
Research Report -Forecast to 2022.
Downstream Analysis
The
application of glucose syrup in food industry is projected to hold a lion’s
share of about 50% competing amongst the other applications in various other
industries. In addition, the application of glucose syrup in beverage and
confectionery together is evaluated to account for more than 30% of the total
market share. The confectionery based application of glucose syrup is
anticipated to grow with the highest growth rate.
Country
Analysis of Global Glucose Syrup Forecast to 2022 Market
As
per the MRFR analysis, 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% during the forecasted period. North
America will witness a higher growth rate during the given period followed by
Asia-Pacific region.
Global Glucose syrup Market:
The
key players profiled in Glucose syrup are
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.). 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.
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
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.
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