The Europe Glucose Syrup Market would witness market growth of 4.0% CAGR during the forecast period (2022-2028).
One major driver propelling the expansion of the worldwide glucose syrup market is the rise in demand for baked goods such as pancakes, waffles, etc. There is elevated consumer knowledge of the health advantages of eating glucose syrup. As more glucose syrup is used to produce sweets, which helps avoid the crystallization of sweets, it is also predicted to boost expansion in the global market. The ability to retain moisture is said to be improved by increasing the incorporation of glucose syrup in baked goods, maintaining freshness. It is anticipated that the increased utilization of glucose syrup in the production of confectionery goods will help the growth of the glucose syrup market.
Different classes of glucose syrup are created, each with its own properties and applications, depending on how the starch was hydrolyzed and how far the hydrolysis reaction was permitted to go. The syrups are generally categorized based on their equivalency in dextrose (DE). The amount of reducing sugars produced increases together with the hydrolysis process, increasing the DE. Various compositions of glucose syrups, and thus different technical qualities, could have the same DE based on the methods utilized.
In terms of employment and value-added, the food and beverage sector is the largest manufacturing sector in the EU. Additionally, it benefits commerce with non-EU nations. The EU enjoys a sizable trade surplus in food, and its regional specialties are well-liked outside. EU food and beverage exports have doubled over the past ten years, totaling over €90 billion and helping to generate a surplus of about €30 billion. The vast territory of Europe generates a tremendous amount of goods, especially sweeteners produced from corn starches.
The Germany market dominated the Europe Glucose Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $364.7 Million by 2028. The UK market is anticipated to grow a CAGR of 3.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 4.8% during (2022 - 2028).
Based on Grade, the market is segmented into Beverages, Food and Pharma & Others. Based on Application, the market is segmented into Wine, Sweetening Agent and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Glucose Syrup Market will Hit $5.1 Billion by 2028, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dr. August Oetker KG, Archer Daniels Midland Company, Ingredion, Incorporated, AGRANA Beteiligungs-AG, Tate & Lyle PLC, BENEO GmbH (Südzucker AG), Cargill Corporation, Grain Processing Corporation (Kent Corporation), Royal Avebe U.A., and Roquette Freres SA.
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