The global fructose market size is expected to reach USD 6.13 billion by 2028 according to a new study by Polaris Market Research. The report “Fructose Market Share, Size, Trends, Industry Analysis Report, By Product (High Fructose Corn Syrup, Fructose Syrups, and Fructose Solids); By Application (Beverages, Processed Foods, Dairy Products, Confectionary, Bakery & Cereals, and Others); By Regions; Segment Forecast, 2021 –2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Consumers in the emerging world are seeking to replace table sugar with fructose as a part of their fitness goals and to counter lifestyle-borne chronic conditions. Product is derived from beet, maize, and sugarcane and is mostly being used in the food & beverage market, owing to its comparatively low cost and sweetness.
The market demand for fructose in Europe is projected to witness a low market growth, owing to negative feedbacks, adulteration cases, and a rise in the cost of materials. The people residing in the region are more focused on high-calorie consumption, owing to its drastic health impacts.
However, Asia Pacific is projected to register a lucrative market growth for fructose over the assessment period, owing to expanding food & beverage industry in both India and China. Rising population, busier lifestyles, and consumer shift towards low-calorie sweeteners in the packaged food industry such as candies, juices, and chocolates are likely to propel the region’s market growth for fructose.
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Market participants such ADM, AGRANA Beteiligungs-AG, Cargill, Incorporated, Global Sweeteners Holdings Limited, DuPont, Galam, Ingredion, Inc., Archer Daniels Midland Company, Shijiazhuang Huaxu Pharmaceutical Co., Ltd, Showa Sangyo Co., Ltd., and Tate & Lyle.
Key players in the market for fructose are integrating themselves deep into the value chain. Firms are targeting small and medium-sized end users to tap emerging local markets with rising continuously rising disposable income.
Multinational companies accessing local market needs by with collaborating local players to justify consumer’s needs and preferences. However, fluctuating raw material prices, potential product substitutes, and rising cases of adulteration in emerging countries are likely to hamper the market growth in the coming future.
Polaris Market research has segmented the fructose market report on the basis of product, application, and region:
Fructose, Product Outlook (Revenue – USD Million, 2016 – 2028)
- High Fructose Corn Syrup
- Fructose Syrups
- Fructose Solids
Fructose, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Processed Foods
- Dairy Products
- Bakery & Cereals
Fructose, by Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa