According to Persistence Market Research, the global glucose and fructose market is slated to witness a CAGR of 5.7% between 2021 and 2031.
With table sugar resulting in higher intake of calories, the probability of heart diseases, diabetes, and obesity increases at an exponential rate. Glucose and fructose act as good substitutes to table sugar as far as intake of calories is concerned. The tooth-friendliness also helps in market growth.
Also, fructose is known for getting easily hydrolysed similar to sucrose. As such, it helps in increasing the shelf life of several products. These factors are expected to bolster the glucose and fructose market in the upcoming period.
Also, players like Galam Group and ARGANA Beteiligungs AG are making ways for non—GMO verified fructose and glucose for offering several wellness and health benefits to the end-customers.
How is the glucose and fructose market categorized?
By type, the glucose and fructose market spans glucose and fructose. Form-wise, it’s powder and liquid. Application-wise, it’s cereals and snacks, bakery, dairy and desserts, sauces and dressings, confectionery, functional food, beverages, and likewise. Out of these, powder form holds the largest market share due to feasibility in terms of transportation. Application-wise, dairy and desserts hold the largest market share due to people vying to have lesser intake of sugar. The millennials are also trying to have functional foods and beverages with less content of sugar.
North America holds the largest market share. It in fact, holds more than 40% of the market share. This could be credited to popularity on the part of packaged beverages like carbonated soft drinks, sports drinks, and juices. Europe is second-seeded herein. This could be reasoned with geriatric population increasing at an alarming rate, and it is a known fact that this section is at a greater risk of chronic diseases. However, the Asia-Pacific is expected to grow at the fastest rate in the glucose and fructose market in the upcoming period. This could be due to paradigm shift in the form of growing adoption of chocolates, candies, and packaged juices.
The key participants in glucose and fructose market include Archer Daniels Midland Company, Tate & Lyle Plc, DuPont Nemours, Inc., Cargill Inc., Atlantic Chemicals Trading GmbH, Foodchem International Corporation, Galam Group, Zukan, Belgosuc, NOW Foods, Hangzhou Focus Corporation, Sinofil Ingredients, Roquette Freses S.A., Global Sweeteners Holdings Ltd., Gulshan Polyols Ltd., Penta Manufacturer, Spectrum Chemical Manufacturing Corp., and Tereos Starch & Sweeteners.
The key players are looking to target medium- and small-scale end-users for tapping local markets. At the same time, they are looking forward to make a beeline to the developing markets wherein bakery, dairy, and food & beverage verticals are being targeted.
How will the Growth unfold in Future?
Increase in awareness regarding the fact that GI (Glycemic Index) related to glucose and fructose is lower in comparison with table sugar is likely to take the glucose and fructose market by storm between 2021 and 2031.
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