Glucose syrup, also known as corn syrup, is a sweetener made from corn starch. It is widely used in the food and beverage industry as a sweetener, a thickener, and a humectant. In recent years, the demand for glucose syrup has been increasing due to its versatile applications in food processing, confectionery, and beverage production. This article aims to provide an in-depth analysis of the glucose syrup market, including the current market size and market share, key players in the industry, major trends and drivers affecting the industry, regulatory and legal issues, target demographics and preferences, pricing trends, and opportunities and threats in the industry.
The global glucose syrup market size is projected to reach USD ~4 billion by 2028, growing at a CAGR of +4% during the forecast period.
The Asia-Pacific region is the largest market for glucose syrup, accounting for more than 50% of the global market share. The demand for glucose syrup is driven by its use in various applications, including confectionery, bakery, dairy, and beverages.
One of the major trends in the glucose syrup market is the increasing demand for clean-label and natural sweeteners. Consumers are becoming more health-conscious and are looking for natural alternatives to traditional sweeteners. This trend has led to an increase in the demand for glucose syrup made from non-GMO corn and other natural sources.
Another trend in the glucose syrup market is the increasing use of high-fructose corn syrup (HFCS) as a substitute for sugar. HFCS is a type of glucose syrup that has been treated with enzymes to convert some of the glucose into fructose. This process results in a sweeter and more stable product that can be used in a variety of food and beverage applications.
The main driver of the glucose syrup market is the increasing demand for processed foods and beverages. The growth of the food and beverage industry has led to an increase in the demand for glucose syrup as a sweetener, thickener, and humectant. Additionally, the growth of the global population and the increasing disposable income of consumers in developing countries are driving the demand for glucose syrup.
The glucose syrup market is subject to various regulations and legal issues. In the United States, the production of glucose syrup is regulated by the Food and Drug Administration (FDA) under the Code of Federal Regulations (CFR). The FDA sets standards for the composition and quality of glucose syrup and requires manufacturers to comply with Good Manufacturing Practices (GMP).
In Europe, the production of glucose syrup is regulated by the European Food Safety Authority (EFSA) under the European Union Regulation (EU) No 231/2012. The regulation sets out the composition and quality requirements for glucose syrup and requires manufacturers to comply with GMP.
The target demographics for glucose syrup include food and beverage manufacturers, confectionery producers, and bakery manufacturers. The preferences of these consumers vary depending on the application and the region. For example, in North America, high-fructose corn syrup is the preferred sweetener for many food and beverage manufacturers. In Europe, natural sweeteners and clean-label products are becoming more popular.
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