Global Fructose Market Expected To Reach USD 7.34

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Newark, NJ, June 25, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global fructose market is expected to grow from $ 5.45 billion in 2020 to $ 7.34 billion by 2028, at a CAGR of 3.79% during the forecast period 2021-2028.

There are some factors driving the growth of the global fructose market. Some of them include the high demand for chocolate milk, energy drinks and carbonated drinks, the growing demand for sweeteners from the food and beverage industries, the growing concern about artificial sweeteners and the growing demand as a humectant in the improvement sector for the production of bath & cleaning products. In addition, the low glycemic index of fructose is a major driver of the global fructose market. Additionally, there has been a noticeable increase in the demand for low calorie healthy processed foods which are driving the growth of the market. However, the changing eating habits of people around the world are impacting the growth of the global food and beverage industry. It also creates a huge range for the fructose market as it is widely used in some of the everyday foods available in the market.

The food and beverage industry uses refined fructose obtained from corn syrup in its products, while fructose is naturally present in plants, fruits, honey and vegetables. The most explicit form of fructose is obtained through the processing of sugar or corn, and it is widely used in the food and beverage industry. Several types of fructose are available on the market. One is the precise form of fructose, commonly known as crystalline fructose, and another form is a mixture of glucose and fructose and auctioned as high fructose corn syrup. Fructose is primarily used in the refreshment, food, and store industry to improve the quality, taste and texture of a product.

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The global fructose market is expected to witness significant growth owing to the increasing demand for healthy food during the forecast period. Increasingly stringent regulations for fructose and its by-products, growing demand for sugar-free products are expected to hamper the growth of the global fructose market. Additionally, according to research, high fructose corn syrup is predicted to increase the risk of weight gain, cholesterol levels, diabetes, mental stress, high blood pressure, and fatty liver disease. So, customers could turn to potential alternatives like coconut milk, raw honey, and stevia. Hence, product substitutes like this are expected to hamper the growth of the fructose market. Growing technological innovation in the food processing industry and increasing demand for nutritional snack bars are market growth opportunities.

The major players operating in the fructose market are Cargill Corporation, DuPont de Nemours, Inc., Archer Daniels Midland Company, Shijazhuang Huaxu Pharmaceuticals Co. Ltd., Galam Ltd., Atlantic Chemicals Trading GmbH, Dulcette Technologies LLC (Viachem, Inc. ), NOW Health Group, Inc., Tate & Lyle PLC, Ingredion, Incorporated and Bell Chem Corp. To gain significant market share in the global fructose market, major players are now focusing on adopting product innovations, mergers and developments, joint ventures, collaborations and partnerships. Archer Daniels Midland Company and Tate & Lyle are key manufacturers operating in the fructose market.

  • For example, in September 2016, Tate & Lyle launched its KRYSTAR Crystalline Fructose in the South East Asian country. The company has also expanded its line of CLARIA Clean Label functional starches by adding CLARIA Delight in the country. KRYSTAR Crystalline Fructose has a wide range of applications in the food and refreshment sector.
  • For example, in December 2016, Archer Daniels Midland Company expanded its global grinding and finishing capacity. The expansion involves the growing capacity of starches and sweeteners at the company’s wet corn grinding facilities in Bulgaria and Turkey. The growth prompted the company to respond to growing demand for sweeteners regionally and globally.
  • For example, in July 2020 Ingredion acquired PureCircle Ltd, the world’s leading innovator and producer of plant-based stevia sweeteners. This addition helped the company bring global change and production expertise and enabled Ingredion to utilize its global go-to-market model, large component portfolio and formulation capabilities.

The beverage segment dominated the market and held the largest market share of 28.15% in 2020.

On the basis of applications, the global fructose market is segmented into bakery and cereals, dairy, processed foods, confectionery and beverages. The beverage segment dominated the market and held the largest market share of 28.15% in 2020. This growth is attributed to the acceleration in demand for energy drinks, awareness of natural ingredients and the growth of artificial sweeteners in the production of beverages.

The high fructose corn syrup segment dominated the market and held the largest market share of 38.19% in 2020.

The global fructose market is segmented into fructose solids, high fructose corn syrup, and product-based fructose syrups. The high fructose corn syrup segment dominated the market and held the largest market share of 38.19% in 2020. This growth is attributed to the growing strong adoption of the product by consumers due to its capacity. to improve the flavor, quality, texture and color of many syrups. , food and drinks.

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Regional Segment Analysis of Fructose Market

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Russia, rest of Europe)
  • Asia-Pacific (China, Japan, India, rest of APAC)
  • Latin America (Brazil, Argentina)
  • The Middle East and Africa (South Africa, United Arab Emirates, Saudi Arabia and the rest of the MEA)

On the basis of geography, the fructose market has been classified as North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The North America region held the largest market share of 29.17% in 2020. This growth is attributed to the growing popularity of foods and refreshments such as juices, sports drinks, diet coke and ‘other drinks. In addition, the growing demand for healthy snack products, a growing population, increased consumer awareness of low calorie diets, and a massive reliance on processed foods due to a busy lifestyle. The market is inundated with medium, small and large players amid strong networks of supply chains which have also favored the growth prospects of the region’s market. On the other hand, the Asia-Pacific region is experiencing significant growth due to the booming beverage industry in China and India. In addition, the increase in population coupled with a change in the lifestyle of customers, which demands food products such as chocolates, packaged juices and candies, is expected to propel the growth of the market.

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About the report:

The global fructose market is analyzed on the basis of its value (in billions of US dollars). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each coin. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges to gain key insights into the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.

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Fior Markets is a futuristic market intelligence company, helping clients develop their business strategies and make better decisions using actionable insights. With a transparent information pool, we achieve client goals, high level engagements and targeting possible perspectives for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market research reports, especially in sectors such as technology, pharmaceuticals, consumer goods, food and beverage, chemicals, media, materials and many others. Our strategic intelligence capabilities are purposefully planned to drive the expansion of your business and elucidate the strength of a diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective fields. The global market research reports we provide involve qualitative and quantitative analysis of the current market scenario according to the separate geographic regions and complete performance in different regions with a holistic approach. Plus, our syndicated research reports offer a comprehensive guide to keeping businesses up to date with the major overhaul coming in their fields. Fior Markets facilitates clients with personalized research analyzes based on their exact requirements, specifications and challenges, whether it is full desk research, investigative work, composition of multiple methods, detailed interviews or competitive intelligence. Our research experts are experienced in matching the exact people and methodology to your business needs.

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