Market Overview

The sugar syrups industry can thrive in the near future due to increase in the food and beverage applications of invert sugar syrups. Market Research Future (MRFR) assessed the global sugar syrup market 2020 in the review period from 2022 to 2030. By 2030, the sugar syrup market can expand at 8.2% CAGR to attain decent revenue. The rise in consumption of convenience food due to the growing preference for their taste and surge in its utility in the preparation of baked food items, such as; candies, can promote the market growth. Wealthy sectors, such as confectionery and pharmaceutical, use glucose syrup as a sweetener agent. The increase in demand for ice creams, chocolates, canned foods, and chewing gums and other confectionery items can support the sugar syrup market. However, the expansion of obese group is creating the need for products that are prepared of syrup replacers, thus can challenge the market surge. However, increase in the awareness about long shelf life of glucose that makes it a better solution over conventional granular sugar can counter the market resistance. Increase in strength of private label brands, the rise in need to curtail costs, and hike in investments by industries are other causes that can fuel the revenue generation of major players in the glucose syrup market.

Market Segment

The segment analysis of the Sugar Syrups Market Report is based on type, distribution channel, and application.

The type-based segments of the glucose syrup market are corn, glucose, and maple among other. The glucose syrup segment can thrive due to its high production and increase in its various applications across the beverage industry.

The application-based segments of the global sugar syrups market are dairy frozen desserts, beverages, and bakery confectionary among others. The beverage industry segment can dominate the worldwide market over the analysis period as sugar syrup can readily blended with carbonated drinks and other beverages.

The distribution channel-based segments of sugar syrup are store based that comprises supermarkets or hypermarkets, convenience stores, and specialty retailers among others. The other segment is non-store that is the e-commerce sector. The increase in sales through store based channels due to the convenience of one-stop shopping can support the market surge in the near future.

Regional Insights

In Asia Pacific, the sugar syrup market can expand due to increase in the application of glucose syrup in the fast growing pharmaceutical sector, especially in India. The gradual rise in demand for sugar replacement across these countries can hinder the regional market progress; however, the rise in awareness about benefits of glucose syrup can support the market rise.

In Europe, the regional glucose syrup market can thrive over the review period as the demand for the syrup across Germany and France is observed to increase. In the region, the improved eating habits and the prevalence of different culture can impact the regional market in the near future. In North America, the presence of robust public food systems, affordable market fragmentation, and the availability of solutions to the diversification of sugar over inefficient rationing can favor expansion of the glucose syrup market in the region.

According to the MRFR reports, the global Sugar Syrups Market Research report Size is likely to attain a over USD 5.1 Billion by the end of 2030 while flourishing at a healthy CAGR of over 8.2% during the forecasted era.

Key Players

Coca Cola Company (the U.S.), Sonoma Syrup (Canada), Archer Daniels Midland (the U.S.), Cedarvale Maple Syrup (New York), Illovo Sugar Ltd. (South Africa), PepsiCo (the U.S.), and Tereos (France) are some top-notch sugar syrups marketers that are assessed by MRFR. The report details causes that can have notable influence on the market size and CAGR in the given forecast period.