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According to MRFR analysis, the global Glucose syrup market is expected to register a CAGR of 5.45% from 2022 to 2030 and hold a value of over USD 5.2 Billion by 2030.
The glucose syrup market refers to the global industry involved in the production, processing, and distribution of glucose syrup, also known as corn syrup or liquid glucose. Glucose syrup is a sweetener made from corn starch and is widely used in various applications, including food and beverage manufacturing, confectionery, baking, and pharmaceuticals. The COVID-19 pandemic had a notable impact on the glucose syrup market. The initial phase of the pandemic resulted in disruptions in the supply chain, manufacturing operations, and logistics, affecting the production and distribution of glucose syrup. Lockdown measures, restrictions on transportation, and labor shortages posed challenges to the industry. Moreover, the pandemic influenced consumer behavior and consumption patterns. As people spent more time at home, there was an increased demand for packaged and processed foods, including confectionery products and bakery items that often contain glucose syrup as an ingredient.
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Key Players
Some of the market key players are Cargill,Archer Daniels Midland Company,Tate & Lyle,Others
Market Segmentation
The Global Glucose syrup market has been segmented into Source, Application, Grade and Form
Based on Source: Corn, Wheat, Barley, Potatoes, Rice, Cassava and others
Based on Application: Food, Beverage, Confectionery, Pharmaceuticals and Others
Based on Grade: Food, Pharma, Industrial and Others
Based on Form: Liquid and Granular
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Regional Analysis
North America, particularly the United States, is a major producer and consumer of glucose syrup. The pandemic impacted the region’s glucose syrup market, leading to disruptions in supply and fluctuations in demand. The closure of foodservice establishments and reduced demand for sweetened products in certain segments affected the industry. Europe has a significant glucose syrup market, with countries like Germany, France, and the United Kingdom being major consumers. The pandemic affected the region’s glucose syrup industry, primarily due to disruptions in the food and beverage sector. However, there was increased at-home consumption of processed foods and confectionery products, which supported the demand for glucose syrup in certain applications. The Asia-Pacific region, with countries such as China, India, and Japan, is a prominent market for glucose syrup. The pandemic had varying impacts on the region, with disruptions in production and supply chains, particularly during the initial phase. However, the demand for glucose syrup remained relatively stable due to its widespread use in the food processing industry. Various regions, including Latin America and the Middle East, contribute to the glucose syrup market. The pandemic influenced these regions differently based on their local consumption patterns, availability of raw materials, and trade restrictions.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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