Global Acid Converted Glucose Syrup Market Overview
Glucose syrup is a sweetening agent majorly used by people all over the world. Glucose Syrup is processed from starch originating foods such as maize, potato, wheat and many more. The process to produce glucose syrup has multiple processes, acid conversion is one of them. The traditional glucose syrups were manufactured by acid hydrolysis of corn starch at high temperature and pressure which has major applications in confectionary food items. It involves mixing of small amount of acid with the starch slurry and allowing the starch to break down in an easier and cheaper way but it is more difficult to control. The sugar syrups are manufactured in a wide range of applications, enabling them to be used in many different foods. The acid converted syrups produced include a high-sugar fermentable syrup that is also used in alcohol production, brewing, vinegar manufacture and yeast manufacture. Moreover more viscous syrups are unlikely to crystallize, so, they are used in ice cream and fruit canning purposes. Furthermore the availability of lower converted glucose syrup has low sweetness and is of value as nutritional source in soups and beverages.
Acid converted syrup finds its application in the pharmaceutical and confectionery industries for sweetening and medications. This type of product is now manufactured extensively using a continuous process. These wide spread application and cost effective factors are anticipated to impel the growth of acid converted glucose syrup market during the forecast period.
Market Size & Forecast
The enlarged market of acid converted glucose syrup is driven by the glucose consumption all around the globe. The United States has been recorded to consume around 19.5 teaspoons or 82 grams (g) of sugar per day which is over double the amount recommended by the American Heart Association (AHA). As per our preliminary study, the global acid converted glucose market is likely to attain a CAGR of around 3% between 2019 and 2027.
On the basis of regional platform, global acid converted glucose syrup market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Glucose syrup is a sweetening liquid which is produced after the acid hydrolysis of starch obtained generally from corn, wheat and potato. Glucose syrups are used for making frozen desserts and candies or other confectionary items. These acid converted syrups are also used to make baked food items to add sweetness. Acid converted glucose syrups are generally free from fat but contains high amount of calories.
Asia-Pacific holds a major chunk in the revenue of global acid converted glucose syrups due to higher consumption rate in China and India. North America is expected to generate substantial revenue in the next few years due to rising consumption of baked foods.
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Market Segmentation
Our-in depth analysis of the global Acid converted glucose syrup market includes the following segments:
By Raw Material Type:
- Maize
- Wheat
- Potato
By Application Type:
- Confectionary items
- Beer fermentation
- Soft Drinks
- Others
By End User Industries:
- Food
- Fermentation Industry
- Pharmaceuticals
- Others
By Region
- Global Acid converted glucose syrup Market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers
Beer Fermentation
Glucose syrup made from cornstarch, potato and wheat starch contains a small amount of zinc and calcium. The acid converted glucose syrups are used in fermentation of beer. As an energy source, acid converted glucose syrup supports yeast, applied highly in the brewery industry. Thus, growing brewery industry is expected to support the growth of acid converted glucose syrup market during the forecast period.
Widespread Application
Moreover, the glucose syrup is highly preferred in kitchen as it does not alter the appearance and presentation of the product but improves moisture retention capacity which keeps the baked food fresh. Uses of acid converted glucose syrups have also increased in the preparing confectionary items, candies and other beverages. Acid converted glucose syrup provides appearance enhancing factor such as adding shine to fruit tart and jams, hence the use in the food industry has contributed majorly in the acid converted glucose syrup market.
Restraints
Health Issues
However, reviews regarding increasing health concerns of consumers related to consumption of unhealthy syrups has influenced the global glucose consumption to deteriorate by 2% in 2018. It is free of fat but adds to calories. Foods which contains glucose syrup make people feel hungry every time even when full appetite, hence people tends to gain weight in a shorter span of time. The body secrete out insulin and this increased rate of secretion leads to many diseases such as diabetes. These health concerns are anticipated to hinder the market growth further over the forecast period.
Top Featured Companies Dominating the Market
- New Zealand Starch Products Ltd
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Archer Daniels Midland Company
- Roquette Frères
- Cargill Inc.
- Agrana Group
- Ingredion Incorporated
- Roquette
- Tate & Lyle plc
- Grain Processing Corporation
- Karo Syrup
