What is the current size and annual growth rate of the glucose syrup market?
The glucose syrup market size has grown strongly in recent years. It will grow from $3.95 billion in 2024 to $3.95 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to a shift towards low-calorie sweeteners, urbanization and changing lifestyles, the growth and expansion of the food and beverage industry, rising consumer consciousness towards high-quality and nutritional food products, and surging demand for dextrose and maltodextrin.
The glucose syrup market size is expected to see strong growth in the next few years. It will grow to $5.32 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising demand for convenience foods, increased use of glucose syrup in baked goods, rising cosmetics demand, increased awareness of benefits of wearing cosmetics, and growing use of glucose syrup. Major trends in the forecast period include innovation in production techniques, adoption in diverse applications, innovations in packaging and processing, microencapsulations, and enzymatic hydrolysis.
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Which major factors have contributed to the expansion of the glucose syrup market?
The rising demand for baked goods is expected to propel the glucose syrup market going forward. Baked goods refer to food products made from dough or batter that are cooked by baking, such as bread, cakes, cookies, pastries, and pies. The demand for baked goods is driven by consumer preferences for convenience, increasing disposable incomes, and the growth of the bakery industry. Glucose syrup is used in baked foods to enhance sweetness, retain moisture, and improve texture by preventing crystallization. For instance, in November 2022, according to Agriculture and Agri-Food Canada, a Canada-based government department, the United States baked goods retail generated $82.9 billion in sales, with expectations to grow at an annual rate of 3.1%, reaching $97.7 billion by 2026. Therefore, the rising demand for baked goods is driving the growth of the glucose syrup market.
How is the glucose syrup market segmented?
The glucose syrup market covered in this report is segmented –
1) By Form: Liquid, Granular
2) By Grade: Food, Pharma, Industrial, Other Grades
3) By Usage Source: Corn, Wheat, Barley, Potatoes, Rice, Cassava, Other Usages
4) By Application: Food, Beverage, Confectionery, Pharmaceuticals, Other Applications
Subsegments:
1) By Liquid: High Maltose Glucose Syrup, Low Dextrose Equivalent (DE) Glucose Syrup, High DE Glucose Syrup, Corn-Based Liquid Glucose Syrup, Wheat-Based Liquid Glucose Syrup, Tapioca-Based Liquid Glucose Syrup
2) By Granular: Dried Glucose Syrup Powder, Maltodextrin Powder, High Fructose Glucose Powder, Corn Starch-Based Glucose Powder, Rice-Based Glucose Powder
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Who are the top competitors in the glucose syrup market?
Major companies operating in the glucose syrup market are Cargill Incorporated, Archer Daniels Midland Company (ADM), Südzucker AG, Ingredion Incorporated, Dr. Oetker, Tereos SCA, Roquette Frères, Agrana Group, Tate & Lyle PLC, Avebe U.A., Luzhou Food, Grain Processing Corporation, Beneo GmbH, Gulshan Polyols Ltd., Sweetener Products Company, Emsland-Stärke GmbH, Ragus Sugars Ltd, Hefei TNJ Chemical Industry Co. Ltd., Matsutani Chemical Industry Co. Ltd., Bakers Kitchen.
Which key trends are expected to influence the glucose syrup market in the coming years?
Major companies operating in the glucose syrup market are making strategic investments, such as developing corn syrup refineries, to expand production capacity and meet rising consumer demand. The refining process involves extracting glucose syrup from corn starch through enzymatic conversion, followed by purification to remove impurities and achieve the desired sweetness and consistency. For instance, in August 2022, Cargill, a US-based food corporation, announced an investment of over $50 million (0.05 billion) in the construction of a sustainable corn syrup plant. This investment is part of the company’s broader commitment to sustainability, aiming to enhance the environmental impact of its production processes while meeting growing consumer demand for more eco-friendly food ingredients. The new facility is expected to incorporate advanced technologies and practices to minimize its carbon footprint and resource consumption, positioning Cargill as a leader in sustainable food manufacturing.
Which regional trends are influencing the glucose syrup market, and which area dominates the industry?
North America was the largest region in the glucose syrup market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glucose syrup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Glucose Syrup Market Report 2025 Offer?
The glucose syrup market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Glucose syrup is a concentrated aqueous solution of glucose, maltose, and other polysaccharides derived from starch hydrolysis. It is commonly used as a sweetener, thickener, and moisture-retaining agent in food and pharmaceutical products. Its composition and viscosity vary based on the level of starch conversion during processing.
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