Glucose And Fructose Market
Global Market Study on Glucose and Fructose: Increasing Usage in Functional Food & Beverages Catalyzing Market Expansion
Glucose and Fructose Market Segmented By Glucose, Fructose Type in Liquid and Powder Form in Bakery, Cereals and Snacks, Dairy and Desserts, Sauces and Dressings, Confectionery, Functional Food, Beverages
The global glucose and fructose market is benefitting from rising demand for low-calorie sweeteners and growing health consciousness among consumers. High caloric content in sugar increases the risk of obesity, diabetes, and heart diseases. This is creating a favorable market scenario for sugar substitutes such as glucose and fructose. Furthermore, glucose and fructose is gaining traction in the food and beverage industry, attributable to their characteristics such as low glycemic index, tooth-friendly properties, cost-effective substitute, ingredient synergy, flavor enhancement, humectancy, and resistance to crystallization.
As such, the global glucose and fructose market is set to experience 1.5X volume growth over the forecast period of 2020 to 2030.
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Glucose and Fructose Market Trends
Distinguished Positioning of Products Offering Increased Shelf Life in Food Products to Boost Sales: With the view of keeping food products appealing and fresh for a longer time, producers of beverages, confectionery, and fresh baking products are focusing on finding natural ways to keep their portfolios fresh. As artificial preservatives today fail to meet the expectations of modern consumers, fructose sourced from natural ingredients play an essential part in the preservation process. Fructose is capable of preserving food and providing safety standards to different food products.
Fructose hydrolyzes in the same way as sucrose, and hence, helps in providing longer shelf life to many food products. Glucose is also known to bind water, and with less water activity, growth of microorganisms is hindered, providing increased shelf-life to products such as jams and marmalade.
- According to the Food & Health Survey 2017, more than 70% of consumers check expiry dates at supermarkets. This shows that, while consumers value other trends, shelf life is also one of the key drivers of purchasing behavior.
Increased Application of Glucose and Fructose in Functional Food and Beverages: Rise in health conscious consumers has propelled the growth of functional food and beverages. Consumers are increasingly shifting from sugary soft drinks to healthier alternatives. Functional food and beverages are also known to have enhanced taste and flavor with nutritious properties for satisfying health-conscious consumers. Fructose and glucose are increasingly been used as an energy source for diabetic patients because they aid glycemic control. They are used as a flavor enhancer for functional beverages such as high fiber drinks, RTD teas, enhanced fruit drinks, and soy beverages for offering sweet taste with reduced calories
Thus, the application of fructose and glucose in enhancing the flavor profile as well as offering health benefits in functional food and beverages is expected to steer the growth of the glucose and fructose market. Fructose and glucose in functional food is expected to witness 1.7X value growth over the forecast period.
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Regional Outlook of Glucose and Fructose Market
The global glucose and fructose market space is dominated by established markets such as North America and Europe, which together account for 60% of the total fructose and glucose market share. North America stands strong as one of the most proactive regions in substituting sugar. Rise in demand for low-calorie food products and increased number of consumers suffering from lifestyle diseases such as diabetes, obesity, and cardiovascular disease contributes toward the increased market share for this region.
Asian countries have recently joined the trend of preventive health and wellbeing. Hence, key manufacturers are targeting the potential markets of Asia Pacific. Growth in end-use industries is also expected to open lucrative opportunities for manufacturers in the glucose and fructose market the Asian region at impressive expected value CAGR of over 6% in South Asia and nearly 6% in East Asia.
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COVID-19 Impact on Glucose and Fructose Market
The world is facing an unprecedented threat from the COVID-19 pandemic, with adverse effects on the world economy. The sugar substitute industry is also expected to face the aftermath of the pandemic. There has been a widening demand-supply gap in the alternative sweeteners market due to disruptions of supply chains. The functioning of food and beverage processing plants with less workforce and closure of manufacturing facilities across various countries has led to a fall in the demand for alternative sweeteners.
On the demand side, consumers are increasingly preferring food products that have health benefits and are made without sugar, encouraging demand for calorie-free and less harmful fructose and glucose. Thus, the impact of the pandemic is expected to be low to medium in the glucose and fructose market in the near term.
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The global glucose and fructose market is expected to witness a value growth of 1.5X over the forecast period. Increasing concerns regarding diabetes are influencing consumers to gradually move toward antidiabetic food products. Food manufacturers are shifting from using sugar to low-calorie sugar substitutes such as fructose and glucose, which may lower blood sugar and insulin response. Thus, increasing number of diabetic patients is expected to boost sales of less harmful fructose and glucose in different food products.
With the ongoing trend of preference for nutritious and healthy sweeteners, manufacturers such as AGRANA Beteiligungs-AG and Galam Group are providing non-GMO verified glucose and fructose to offer various health and wellness benefits to their customers
Key Segments of Global Glucose and Fructose Market
PMR’s report on the global glucose and fructose market offers information divided into four segments – type, form, application, and region.