Product ID: UCMIG30A2006
Glucose Syrup Market Size, Share, Growth Analysis, By Grade(Food, Pharma), By Application(Sweetening Agent, Wine), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG30A2006 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Glucose Syrup Market Insights
Market Overview:
The global glucose syrup market is expected to experience a compound annual growth rate (CAGR) of 4.9% during the forecast period and to be valued at USD 4.7 billion by 2025. The market growth is being driven by the increasing demand for convenience food and the use of glucose syrup in baked food items such as candies. Glucose syrup is also required as a sweetener in industries such as confectionery, pharmaceuticals, and food and beverages. Additionally, it is used in the production of ice creams, chewing gums, chocolates, and canned foods due to the growing demand for sugar substitutes. The popularity of glucose syrup is attributed to its long shelf life and its ability to serve as a better alternative to traditional granular sugar. Furthermore, the demand for glucose syrup is increasing because of its nontoxicity, anti-crystallization, anti-freezing humectant, and preservative properties.
Glucose Syrup Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Drug Retail by segment aggregation, the contribution of the Drug Retail in Food & Staples Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Glucose Syrup Market Report Snapshots
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