Glucose syrup can be defined as a sweetening liquid which is made after the hydrolysis of glucose molecule. In general wheat, rice, corn, and potato is taken to make glucose syrup because they are a rich source of starch. Glucose syrup is generally used for making frozen dessert and candy. This syrup is also used to make baked food items to add sweetness. Glucose syrup is generally free from fat, but contains high amount of calories. The syrup made from cornstarch contains a small amount of thiamine, zinc as well as calcium. At times glucose sugar can be also used in the manufacturing of beer. At home glucose sugar is a very common ingredient which can be used in the making of the homemade lemonade drink or iced tea. Many of the world class chef use glucose sugar to make their food taste better. The “Global Glucose Syrup Market” is expected to grow at a CAGR of 3.6% during the forecast period.
Increase in the demand for convenience food, growing demand for glucose syrup in baked food items and in candy preparation are some of the key factors fuelling the market growth. Moreover, need to curtail costs, strength of private label brands, R&D investments by food & beverages industries and increased competition among market players are the factors supporting the growth of glucose syrup market. The demand for sugar replacer and sweeteners is increasing globally. The rising demand for baked food items as well as cakes is increasing dramatically globally. Increasing adoption of glucose syrup in baked food products as use of this syrup does not affect the appearance and improves retention of moisture that keeps the baked food products fresh. In addition to that, glucose syrup is very much used in the making of candy because the consistency of glucose syrup helps to prevent crystallization. Use of glucose syrups has also increased in the making of confectionary items as it prevents grainy texture and maintains smooth texture.
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As this syrup provides an energy source for yeast, application in the brewery industry has also increased. Glucose syrup provides glaze to fruit tart and jams, hence the use in the food industry has also increased. Glucose syrup contains short carbo-hydrates and hence it is easily digestible by the elderly people and infants as well. This syrup is used widely in manufacturing of chocolates, chewing gums, ice-cream and canned foods. Growing food and beverages sectors in developing economies owing to changing food consumption habits and rising health awareness is estimated to drive growth of the global market in the upcoming years. It is a potential glucose replacer and is used in lesser quantity than table sugar and hence is used more in food and beverages. Glucose syrup gives a good mouth feel and hence is used in cough syrups in pharmaceutical industries. The glucose syrup can be preserved for a long period of time due to increase in the shelf-life. The moisture content of glucose syrup makes is suitable in preparation of jellies and candies where it is used as a humectant.
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The syrup is also widely used in ice-cream industries as it prevents crystallization. The major applications of glucose syrup as a thickener are also rising. In contrary, glucose syrup gives a glaze to the food product which increases the organoleptic value of the product. Increasing demand for baked food items such as waffles, pancakes, and etc. is the major key factor expected to drive growth of the glucose syrup market. Rising consumer awareness regarding health benefits associated with consumption of glucose syrup is another factor projected to boost the growth of the global market in the next few years. All these factors together contribute heavily to the popularity of glucose syrup which will help to boost the growth of the market in the forecast period.
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Glucose Syrup Market across Asia Pacific region has huge demand of growth on account of rising demand for glucose syrup in China and India and growing need for a sugar replacement in these countries. Consumers are looking for more natural and healthier alternatives to the conventional sugar to combat diseases like diabetes and obesity. Russia is anticipated to witness considerable growth due to its huge production of sugar beet. Emergence of new players as well as brands and availability of organic snacks on e-commerce platforms in countries like India and China are expected to boost the dextrose syrup market growth in the region. Increasing demand for glucose syrup in the food & beverage industry owing to changing living standard of individuals and rising disposable income are some of the factors projected to drive growth of the potential market in the region.
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