The Europe Fructose Market would witness market growth of 7.8% CAGR during the forecast period (2020-2026). Increasing demand for low-sugar, low-fat, and processed low-calorie food items is anticipated to boost the growth of the industry. Fructose is a monosaccharide with a chemical formula like that of glucose but a dissimilar molecular structure. Fruits, vegetables, honey, and some plants contain fructose naturally. Fructose is utilized in food & beverages for improving their quality, taste, and texture. Moreover, the low Glycemic Index (GI) attached with the product in comparison to table sugar will probably boost its demand.
Consumers want a substitute for white sugar in their day-to-day diet in order to stay fit, which will push the growth of the fructose industry over the forecast period. Also, the consumers are choosing organic products, which will influence the market growth. Fructose is extracted from several raw materials like sugarcane, beet, and maize. The usage of the product is more in the food & beverage sector due to its high relative sweetness and low cost.
Aspects such as variation in raw material cost and a rise in manufacturing costs are likely to act as major challenges for the industry players. A rise in the production cost can proportionately influence the cost of the final product. For example, in September 2019, Tate & Lyle declared an increase in the price of its products falling under the North American food and beverage solutions business due to the surge in production costs.
Based on Product, the market is segmented into High Fructose Corn Syrup, Fructose Syrups and Fructose Solids. Based on Application, the market is segmented into Beverage, Processed Foods, Dairy Products, Bakery & Cereals, Confectionary and Other Applications. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Fructose Market in Europe is expected to register a CAGR of 7.8% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Cargill Corporation, DuPont de Nemours, Inc., Ingredion, Incorporated, Tate & Lyle PLC, Shijazhuang Huaxu Pharmaceuticals Co. Ltd., Dulcette Technologies LLC (Viachem, Inc.), Bell Chem Corp., Atlantic Chemicals Trading GmbH, and Galam Ltd.
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