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Glucose Syrup Market 2021 Leading Player Analysis, Global Market Size with COVID-19 Update By 2022
Market Research Future (MRFR) assessed the global glucose syrup market 2021 for the review period till 2022. As per MRFR study, the global glucose syrup market is expected to expand at 3.6 % CAGR in the assessment period (from 2016 to 2022). By 2022, the global glucose syrup market value is expected to earn high revenue.
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Dominant Players
Cargill Inc. (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Agrana Group (Austria), Roquette (France), Grain Processing Corporation (U.S.), and Tate & Lyle plc (U.K.) among others are some reputed players in the global glucose syrup market that are listed by MRFR in the new report.
Market Drivers and Restrains
Glucose is a simple sugar and its chemical constituent hold numerous applications in different sectors. The surge in the utility of glucose in cash-rich healthcare, pharmaceutical, and food and beverage sectors, is expected to contribute to the expansion of the glucose syrup market in the near future. Glucose syrup is concentrated that provides ease of transportation at effective costs. The increase in pharmaceutical applications of glucose syrup among people suffering from common cold, and the increase in flu cases that demand glucose syrup-based medicines are causes that can impact the market rise.
The convenience in handling glucose syrup can favor the glucose syrup market in the foreseeable future. The ease of cultivating sugarcane, the expansion of the agriculture sector, and the increase in number of sugarcane producers are other causes that can favor the glucose syrup market in the near future. The surge in demand for glucose syrup and the increase in trading activities can add to the growth of the market. The increase in demand for confectionary, contributing to the high rate of adoption of glucose syrup in the expanding food and beverages industry, is expected to favor the rise of the market.
The surge in consumer awareness about benefits of glucose syrup, such as; humectant, preservative properties, shelf-life, anti-crystal formation, nontoxicity, glaze generation, and anti-freezing, is expected to add momentum to the glucose syrup expansion. On the contrary, the Falling cost due to extreme market fragmentation, diversification of sugar through inefficient rationing and public food systems are restraining the market.
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Market Segmentation
To segment study of the global glucose syrup market is done on the basis of glucose syrup are source, application, and grade.
The source-based segments of the glucose syrup market are barley, corn, wheat, rice, potatoes, and cassava among others. The corn segment, followed by the segment of wheat, is expected to favor the market rise.
The grade-based segments of the glucose syrup are Industrial, Food, and Pharma among others.
The form-based segments of the glucose syrup market are liquid, and granular among others. The segment of liquid, followed by the segment of granular form is expected to favor the market rises in the years to come. MRFR study states that the liquid form segment is anticipated to rise at 3.85% CAGR by 2022.
The application-based segments of the glucose syrup market are confectionery, food, pharmaceuticals and beverage among others.
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Regional Analysis of Glucose Syrup Market
The glucose syrup market in the Asia Pacific region is expected to favor the global market owing to the increase in the pharmaceutical applications. The increase in demand and production of more than 30 % by volume of glucose syrup across leading nations in Asia Pacific can favor the market in the near future.
The expansion of glucose syrup market in the North America region can be attributed to the significant increase in the demand and production of sugar beet. In the Latin America region, the glucose syrup market is expected to earn high revenue across nations; Brazil, Ecuador, and Venezuela, among others.
In Europe, the glucose syrup market is expected to garner decent revenue for the worldwide market in the assessment tenure. EU glucose syrup market is expected to acquire around 3.94 % share of the overall market owing to the presence of several corn subsidies that are provided by regional government. France, Ukraine, and Germany are some Europe regions that can favor the market upsurge over the analysis period.
The glucose syrup market in the Middle East Asia and Africa region is anticipated to thrive at high pace in the near future. The expansion of the glucose syrup market in Africa and other nations, such as; South Africa, and Angola among others, can support the market rise.
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