Glucose Syrup Market Report 2024 (Global Edition)

Global Glucose Syrup Market Report 2024 Market Size Split by Type (Glucose Sugar with Low Dextrose Equivalent Value, Glucose Sugar with High Dextrose Equivalent Value), by Application (Pharmaceuticals...

Glucose Syrup Market Report Description

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Competitive Landscape of the Glucose Syrup Market

The glucose syrup market features intense competition among key players. To get a competitive edge, companies focus on product innovation, expansion of production capacities, strategic partnerships, and mergers and acquisitions. Moreover, advancements in technology and growing consumer demand for healthier alternatives are shaping the competitive landscape.

Glucose Syrup industry market

In November 2022, FYBRIN® RS F100, a resistance starch, was formulated by Grain Processing Corporation (GPC).

(Source:https://www.grainprocessing.com/news-insights/fybrin-rs-resistant-starch-featured-in-formulations-at-supplyside-west)

Top Companies Market Share in Glucose Syrup Industry: (In no particular order of Rank)

• Cargill
• Archer Daniels Midland
• Tate & Lyle
• Agrana Group
• Ingredients
• Roquette
• Grain Processing Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of Glucose Syrup

Which Region will dominate the Glucose Syrup market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to its increasing demand from various industries such as food and beverage. The region benefits from a well-established food processing industry, technological advancements, and changing consumer preferences toward healthier alternatives. Moreover, the growing awareness regarding the functional properties of glucose syrup, such as its role as a sweetener and thickening agent, further propels market growth. Additionally, the presence of key market players and investments in research and development activities contribute to the market's expansion in the region. Overall, North America exhibits promising prospects for the glucose syrup market, with a favorable regulatory environment and evolving consumer trends driving its growth.

Which is Expanding at the Fastest CAGR?

Europe is the fastest-growing market due to the food and beverage industry heavily utilizing glucose syrup as a sweetening agent, binder, and texture enhancer. Additionally, the pharmaceutical and cosmetic sectors contribute to market demand through various applications. Stringent regulations on sugar content in food products further boost the adoption of glucose syrup as a healthier alternative. Moreover, increasing consumer awareness regarding natural and organic ingredients fosters the demand for organic glucose syrups. Overall, Europe exhibits a promising outlook for the glucose syrup market, with sustained growth anticipated in the foreseeable future.

 

The current report Scope analyzes Glucose Syrup Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Glucose Syrup Market

According to Cognitive Market Research, the global Glucose Syrup market size was estimated at USD 4151.2 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 1660.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031 due to the growing demand for convenience foods, especially in the bakery and confectionery sectors, along with increasing applications in pharmaceuticals and beverages. Additionally, the rising preference for natural sweeteners and the expanding food and beverage industry contributes to market growth. Technological advancements in production methods and the versatility of glucose syrup in various food applications further propel its demand in the region.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Glucose Syrup market, with a market size of USD 1310.12 million in 2024. The market is projected to grow at a CAGR of 3.2% during the forecast period. Its widespread applications in confectionery and bakery products and utility as a functional ingredient in processed foods amplify the demand. 
• The Canada Glucose Syrup market had a market share of USD 199.26 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Canada's rising consumer preference for natural and clean-label products fuels growth.
• The Mexico Glucose Syrup market is projected to grow at a CAGR of 3.9% during the forecast period, with a market size of USD 151.10 million in 2024.

 

Europe Glucose Syrup Market

According to Cognitive Market Research, the global Glucose Syrup market size was estimated at USD 4151.2 Million, out of which Europe held the major market of more than 30% of the global revenue with market size of USD 1245.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031 due to increasing demand from the food and beverage industry due to its use as a sweetener, thickener, and moisture-retaining agent. Growing consumer preference for natural and organic ingredients also fuels demand. Additionally, its versatility in applications such as confectionery, bakery, and dairy products contributes to market growth. Moreover, advancements in production technologies and rising awareness regarding the health benefits of glucose syrup further propel market expansion in Europe.

• The United Kingdom's Glucose Syrup market had a market share of USD 209.22 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. It is due to the technological advancements in production processes and increasing demand in food and beverage industries.
• The French Glucose Syrup market is projected to grow at a CAGR of 2.9% during the forecast period, with a market size of USD 114.57 million in 2024.
• According to Cognitive Market Research, the German Glucose Syrup market size was valued at USD 246.58 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. In Germany, Glucose Syrup sales surged due to the rising consumer preference for natural and clean-label ingredients. 
• The Italy Glucose Syrup market is projected to grow at a CAGR of 3.1% during the forecast period, with a market size of USD 107.10 million in 2024.
• The Russian Glucose Syrup market is projected to grow at a CAGR of 2.7% during the forecast period, with a market size of USD 193.03 million in 2024.
• The Spanish Glucose Syrup market is projected to grow at a CAGR of 2.8% during the forecast period, with a market size of USD 102.12 million in 2024.
• The Luxembourg Glucose Syrup market is projected to grow at a CAGR of 3.8% during the forecast period, with a market size of USD 38.61 million in 2024.
• The Portugal Glucose Syrup market is projected to grow at a CAGR of 3.5% during the forecast period, with a market size of USD 26.15 million in 2024.
• The Greece Glucose Syrup market is projected to grow at a CAGR of 4.0% during the forecast period, with a market size of USD 14.94 million in 2024.
• The Rest of Europe's Glucose Syrup market is projected to grow at a CAGR of 2.4% during the forecast period, with a market size of USD 193.03 million in 2024.

 

Asia Pacific Glucose Syrup Market

According to Cognitive Market Research, the global Glucose Syrup market size was estimated at USD 4151.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with market size of USD 954.78 million in 2024 and will grow at compound annual growth rate (CAGR) of 7.2% from 2024 to 2031 due to rising consumer demand for convenience foods and beverages, coupled with the growth of the food and beverage industry in the region. Additionally, the widespread application of glucose syrup in confectionery, bakery, and dairy products contributes to its increasing demand. Moreover, the versatility of glucose syrup as a sweetening agent, texturizer, and stabilizer further propel its market growth in the Asia-Pacific region.

• According to Cognitive Market Research, the Chinese Glucose Syrup market was valued at USD 429.65 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. This growth is due to the expansion of the confectionery sector and its increasing use in pharmaceuticals and cosmetics.
• The Japan Glucose Syrup market is projected to grow at a CAGR of 5.7% during the forecast period, reaching USD 131.76 million in 2024. It is due to the growth in the pharmaceutical industry and the increasing usage of confectionery products.
• The India Glucose Syrup market had a market share of USD 114.57 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. 
• The South Korean Glucose Syrup market is projected to grow at a CAGR of 6.3% during the forecast period, with a market size of USD 95.48 million in 2024.
• The Australian Glucose Syrup market is projected to grow at a CAGR of 6.9% during the forecast period, with a market size of USD 49.65 million in 2024.
• The Southeast Asia Glucose Syrup market is projected to grow at a CAGR of 8.2% during the forecast period, with a market size of USD 65.88 million in 2024.
• The Rest of the Asia Pacific Glucose Syrup market is projected to grow at a CAGR of 7.0% during the forecast period, with a market size of USD 67.79 million in 2024.

 

South America Glucose Syrup Market

According to Cognitive Market Research, the global Glucose Syrup market size was estimated at USD 4151.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 207.56 million in 2024. It will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031 due to increasing demand from food and beverage industries due to its sweetening properties, versatility in food processing, and its role as a binding and thickening agent. Additionally, growing consumer preference for natural sweeteners and rising disposable incomes contribute to market growth. Moreover, the expansion of the food processing industry and advancements in production technologies further propel the demand for glucose syrup in the region.

• According to Cognitive Market Research, Brazil's Glucose Syrup market was valued at USD 88.84 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Glucose Syrup sales flourish in Brazil due to the rising awareness of its role in enhancing food texture and extending shelf life.
• The Argentina Glucose Syrup market had a market share of USD 34.87 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Demand is augmented by its use in pharmaceuticals and cosmetics and consumer preferences.
• The Colombia Glucose Syrup market is projected to grow at a CAGR of 4.4% during the forecast period, with a market size of USD 18.47 million in 2024.
• The Peru Glucose Syrup market is projected to grow at a CAGR of 4.8% during the forecast period, with a market size of USD 17.02 million in 2024.
• The Chile Glucose Syrup market is projected to grow at a CAGR of 4.9% during the forecast period, with a market size of USD 14.94 million in 2024.
• The Rest of the Latin America Glucose Syrup market is projected to grow at a CAGR of 3.7% during the forecast period, with a market size of USD 33.42 million in 2024.

 

Middle East and Africa Glucose Syrup Market

According to Cognitive Market Research, the global Glucose Syrup market size was estimated at USD 4151.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with market size of USD 83.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.90% from 2024 to 2031 due to increasing consumer demand for convenience foods and beverages, coupled with the growth of the food and beverage industry. Additionally, the rising preference for natural sweeteners due to health concerns and the expanding applications of glucose syrup in various industries such as confectionery, bakery, and pharmaceuticals are contributing to market growth. Moreover, the region's growing population and improving economic conditions further stimulate market expansion.

• According to Cognitive Market Research, the GCC Countries' Glucose Syrup market size was valued at USD 35.53 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Glucose syrup sales flourish in the GCC countries due to rising consumer health consciousness and a growing preference for natural sweeteners.
• The Egypt Glucose Syrup market is projected to grow at a CAGR of 5.2% during the forecast period, with a market size of USD 8.72 million in 2024.
• The South African Glucose Syrup market is projected to grow at a CAGR of 5.9% during the forecast period, reaching USD 13.12 million in 2024. Glucose Syrup's sales flourished in South Africa due to rising health consciousness among consumers.
• The Turkish Glucose Syrup market is projected to grow at a CAGR of 4.4% during the forecast period, with a market size of USD 7.14 million in 2024.
• The Nigeria Glucose Syrup market is projected to grow at a CAGR of 4.0% during the forecast period, with a market size of USD 8.72 million in 2024.
• The Rest of the MEA Glucose Syrup market is projected to grow at a CAGR of 3.9% during the forecast period, reaching a market size of USD 9.80 million in 2024.

Glucose Syrup Market Analysis

Glucose Syrup Type Segment Analysis

According to Cognitive Market Research, the Glucose Sugar with Low Dextrose Equivalent Value segment holds a prominent market share. It is characterized by a lower concentration of dextrose, resulting in a sweeter taste and a higher viscosity. It is commonly used in confectionery, bakery, and dairy products as a sweetener, binder, and texturizing agent. 

Glucose Sugar with High Dextrose Equivalent Value is the fastest-growing category over the forecast period. It contains a higher proportion of dextrose, making it less sweet and more readily fermentable. It is primarily utilized in industries such as brewing, fermentation, and pharmaceuticals for its fermentable properties and as a source of readily available energy.

• Glucose Sugar with Low Dextrose Equivalent Value
• Glucose Sugar with High Dextrose Equivalent Value

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Glucose Syrup Industry. Request a Free Sample PDF!

Glucose Syrup Application Segment Analysis

According to Cognitive Market Research, the pharmaceuticals segment holds a prominent market share. Glucose syrup is a vital ingredient in various medications and formulations due to its ability to act as a binder, sweetener, and stabilizer. It finds applications in oral solutions, syrups, and other pharmaceutical preparations.

Food & Beverage sector is the fastest-growing category over the forecast period. In the food & beverages sector, glucose syrup is extensively used as a sweetener, thickening agent, and moisture-retaining agent in various products such as confectionery, bakery, beverages, and processed foods. Its versatility and functional properties make it a preferred choice for enhancing texture, flavor, and shelf-life in a range of food and beverage applications. 

• Pharmaceuticals
• Food & Beverages
• Confectioneries
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Glucose Syrup Grade Segment Analysis

According to Cognitive Market Research, the food segment holds a prominent market share. It is primarily utilized in food and beverage applications as a sweetener, texturizer, and humectant. Owing to its versatile functional properties, it finds extensive use in confectionery, bakery, dairy, and beverage industries.

Pharma is the fastest-growing category over the forecast period. It is utilized in pharmaceutical formulations as an excipient or as a source of energy in intravenous fluids. It is crucial for pharmaceutical applications due to its high purity and stringent quality standards required for medicinal purposes.

• Food
• Pharma
• Industrial
• Others

Glucose Syrup Form Segment Analysis

According to Cognitive Market Research, the liquid segment holds a prominent market share. Liquids, typically derived from corn starch hydrolysis, offer ease of handling and incorporation into various food and beverage products due to their fluid consistency. They are commonly used in confectionery, bakery, and beverage industries for their sweetness and functional properties.

Granular is the fastest-growing category over the forecast period. It is obtained through further processing of liquid syrup and provides convenience in storage and measurement. It finds applications in food processing, pharmaceuticals, and animal feed industries.

• Liquid
• Granular

Glucose Syrup Source Segment Analysis

According to Cognitive Market Research, corn holds a prominent market share. It dominates the market due to its widespread availability, cost-effectiveness, and versatile applications across various industries such as food and beverage, pharmaceuticals, and cosmetics. Corn-based syrup offers manufacturers a consistent and reliable source of glucose, making it a preferred choice for many products.

Wheat is the fastest-growing category over the forecast period. Although it holds a smaller market share, it is gaining traction due to its perceived health benefits and suitability for specific dietary requirements.

• Wheat
• Corn
• Barley
• Rice
• Potatoes
• Cassava i
• Others

Glucose Syrup Distribution Channel Segment Analysis

According to Cognitive Market Research, supermarkets and hypermarkets hold a prominent market share. These outlets, characterized by expansive product varieties and convenient shopping experiences, dominate this segment due to their ability to cater to major consumer preferences and offer bulk purchasing options. These outlets typically stock a wide range of brands and package sizes, enhancing consumer choice and accessibility.

Grocery stores are the fastest-growing category over the forecast period. It often emphasizes localized products and personalized services, attracting consumers seeking convenience and familiarity.

• Supermarkets/Hypermarkets
• Grocery Stores
• Online Stores  

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion