Glucose Syrup Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
The global glucose syrup market size is expected to reach USD 4.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% over the forecast period. Long shelf life, nontoxicity, anti-crystal, anti-freezing humectant (an element that retains moisture and maintains freshness), and preservative properties are fueling the demand for glucose syrup. Additionally, industries such as confectionery, pharmaceuticals, and food and beverages require glucose syrup as a sweetener. Although adverse effects due to heavy intake of glucose syrup are causing a negative impact on the market growth. Additionally, public food systems, diversification of sugar over inefficient rationing, and falling cost due to market fragmentation, are some of the factors challenging the market. However, growing demand for convenience food and glucose syrup in baked food items like candy are some of the factors propelling the market growth. Application of glucose syrup as a thickener is gaining popularity. The dextrose syrup market based on grade is classified as food, pharma, and others. The food and others segments are expected to witness significant growth over the forecast period, owing to high demand for sweeteners in the confectionery industry. In addition, beverages such as cold drinks hold a considerable share in the market.