The Global Fructose Market size is expected to reach $6.1 billion by 2026, rising at a market growth of 8.2% CAGR during the forecast period. Fructose is a form of sweetener which is primarily utilized in the food and beverage sector. The clearest form of fructose is acquired with the help of corn or sugar processing and it is extensively utilized in the food & beverages industry. Fructose has been an important aspect of the processed food industry since the last decade.
In comparison to other external sweeteners, fructose is less harmful and has encouraged as a non-caloric rising substance. Among different forms of the fructose available in the market one is the clear form fructose, generally called crystalline fructose and the other form is a blend of fructose and glucose and sold as high fructose corn syrup. The purest form of fructose is extensively utilized in baked items as it enhances its texture, quality and adds aroma to it.
Increasing demand for low-sugar, low-fat, and processed low-calorie food items is anticipated to boost the growth of the industry. Fructose is a monosaccharide with a chemical formula like that of glucose but a dissimilar molecular structure. Fruits, vegetables, honey, and some plants contain fructose naturally. Fructose is utilized in food & beverages for improving their quality, taste, and texture. Moreover, the low Glycemic Index (GI) attached with the product in comparison to table sugar will probably boost its demand.
Based on Product, the market is segmented into High Fructose Corn Syrup, Fructose Syrups and Fructose Solids. In 2019, the market was dominated by High fructose corn syrup with a major revenue share. These products are increasingly gaining traction due to their versatility and capacity to improve the texture, color, quality, and flavor of several foods and beverages. Besides, manufacturing companies consider high fructose corn syrup due to its liquid state, which offers an easy production process and lower costs compared to other calorie sweeteners. For example, the utilization of sugar rather than high fructose corn syrup in soft drinks expands the sweetener cost two times.
Based on Application, the market is segmented into Beverage, Processed Foods, Dairy Products, Bakery & Cereals, Confectionary and Other Applications. The food processing application segment is expected to witness the highest CAGR during the forecast period. This is credited to the increasing technological developments and innovations coupled with the massive demand for processed food products. The increasing acceptance of packaged meals, snacks, and desserts is anticipated to fuel the fructose demand in food and beverage applications.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 4.1 Billion |
| Market size forecast in 2026 | USD 6.1 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 8.2% from 2020 to 2026 |
| Number of Pages | 162 |
| Number of Tables | 282 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling, Competition Analysis |
| Segments covered | Product, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The global fructose market was dominated by North America with a considerable revenue share in 2019. The rising acceptance of packaged beverages in the region like juices, sports drinks, and carbonated soft drinks, has encouraged the growth of the industry. On the other hand, consumers in the region are slowly shifting their focus towards organic items, which is likely to influence the product demand adversely.
Free Valuable Insights: Global Fructose Market to reach a market size of $6.1 Billion by 2026
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Cargill Corporation, DuPont de Nemours, Inc., Ingredion, Incorporated, Tate & Lyle PLC, Shijazhuang Huaxu Pharmaceuticals Co. Ltd., Dulcette Technologies LLC (Viachem, Inc.), Bell Chem Corp., Atlantic Chemicals Trading GmbH, and Galam Ltd.
By Product
By Application
By Geography
Companies Profiled
The global fructose market size is expected to reach $6.1 billion by 2026.
The major factors that are anticipated to drive the fructose industry include increasing demand for fructose in the food & beverage industry and rising health awareness among consumers.
The Beverage application segment procured a significant revenue share of the fructose market in 2019.
Archer Daniels Midland Company, Cargill Corporation, DuPont de Nemours, Inc., Ingredion, Incorporated, Tate & Lyle PLC, Shijazhuang Huaxu Pharmaceuticals Co. Ltd., Dulcette Technologies LLC (Viachem, Inc.), Bell Chem Corp., Atlantic Chemicals Trading GmbH, and Galam Ltd.
The expected CAGR of fructose market is 8.2% from 2020 to 2026.
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