North America Glucose Syrup Market Size, Share & Industry Trends Analysis Report By Grade (Beverages, Food and Pharma & Others), By Application (Wine, Sweetening Agent and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Glucose Syrup Market would witness market growth of 3.8% CAGR during the forecast period (2022-2028).
The demand for cakes & baked items is rising on a global scale. Further, due to its consistency, glucose syrup is frequently utilized in the creation of sweets. It has no negative effects on the product's appearance and encourages water retention, which keeps baked goods fresh, glucose syrup is chosen for cooking. Since glucose syrups avoid a gritty texture and maintain smoothness, their use in the creation of confectionery products has increased. As glucose syrup gives the yeast a source of energy, its use in the brewing industry has increased.
Additional restrictions apply to foods containing glucose syrup because they have high sugar content and may cause weight gain. When glucose syrup is consumed, the body also eats extra sugar, which can lead to a number of health problems. On the other hand, the market is anticipated to grow in the coming years due to the expansion of the food and beverage sectors in developing nations, changes in dietary preferences, and a rise in health consciousness.
Major companies with a significant presence in the US, including Bakers Kitchen Inc., are the main drivers of market expansion there. Due to the popularity of sweets in the nation, they would continue to hold the highest share in the target market. The government's offer of agriculture subsidies is causing the regional market for glucose syrup to expand. Since the United States has the most stable economy, this region has the most markets that are focused on just the United States, Canada, and Mexico. One of the biggest markets for glucose syrup is North America. A significant driver of the expansion of the local market is the rising demand for glucose syrup in the United States.
The US market dominated the North America Glucose Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,014.5 Million by 2028. The Canada market is poised to grow at a CAGR of 6.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.2% during (2022 - 2028).
Based on Grade, the market is segmented into Beverages, Food and Pharma & Others. Based on Application, the market is segmented into Wine, Sweetening Agent and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Glucose Syrup Market is Estimated to reach $5.1 Billion by 2028, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dr. August Oetker KG, Archer Daniels Midland Company, Ingredion, Incorporated, AGRANA Beteiligungs-AG, Tate & Lyle PLC, BENEO GmbH (Südzucker AG), Cargill Corporation, Grain Processing Corporation (Kent Corporation), Royal Avebe U.A., and Roquette Freres SA.
Scope of the Study
Market Segments Covered in the Report:
- Pharma & Others
- Sweetening Agent
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Dr. August Oetker KG
- Archer Daniels Midland Company
- Ingredion, Incorporated
- AGRANA Beteiligungs-AG
- Tate & Lyle PLC
- BENEO GmbH (Südzucker AG)
- Cargill Corporation
- Grain Processing Corporation (Kent Corporation)
- Royal Avebe U.A.
- Roquette Freres SA
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