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Fructose Global Market Report 2023
Major players in the fructose market are Archer Daniels Midland Company, Atlantic Chemicals Trading, Cargill Corporation, DuPont Nutrition & Biosciences, Galam Ltd., Global Sweeteners Holdings, Ingredion Incorporated, Roquette Freres, Shijiazhuang Huaxu Pharmaceutical Co.
New York, March 15, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Fructose Global Market Report 2023" - https://www.reportlinker.com/p06284588/?utm_source=GNW
Ltd., Showa Sangyo Co. Ltd., The Agrana Group, Ajinomoto Co. Inc., COFCO Rongshi Biotechnology Co Ltd., Japan Corn Starch Co. Ltd., Kerry Group, Navarest, and NOW Foods.
The global fructose market grew from $5.32 billion in 2022 to $5.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The fructose market is expected to grow to $7.27 billion in 2027 at a CAGR of 6.2%.
The fructose market consists of sales of fructose solids, high fructose corn syrup, and fructose syrups.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Fructose is a monosaccharide that occurs in fruits, vegetables, honey, and some plants.The fructose industry includes establishments that derive fructose from various raw materials, such as sugarcane, sugar beet, and corn that are used in the food and beverage industry in the form of sweeteners due to their high relative sweetness and low cost.
Fructose is available in both pure crystalline form and as a component of syrups.
North America was the largest region in the fructose market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the fructose report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of products in fructose are high fructose corn syrup, fructose syrups, and fructose solids.High fructose corn syrup is a type of fructose derived from corn starch and potatoes with a 40-55% composition of fructose.
Fructose is produced from sugarcane, sugar beet, corn, fruits, and vegetables and is used in various applications such as dairy products, baked goods, beverages, cosmetics and personal care, sports nutrition, drug formulations, and others.
The increasing demand for low-sugar and low-calorie food items is contributing to the growth of the fructose market.More individuals are opting for low-sugar, low-calorie foods since they are an excellent way to lose weight while also providing a rich source of vitamins and minerals that are beneficial to one’s overall health.
As fructose is sweeter than sugar, it can be used to sweeten foods and beverages in smaller amounts.When employed in proper product formulations, this aids in the reduction of calories in foods and beverages, as well as the reduction of future excitation from eating.
For instance, according to a survey conducted in 2020 by Archer Daniels Midland (ADM), a US-based food processing company, 67% of customers are concerned about sugars and sweeteners, with 39% indicating that lower sugar is essential to them when it comes to convenience foods, drinks, and snacks. Therefore, the increasing demand for low sugars and low calories is expected to drive the growth of the fructose market in the coming years.
The development of innovative design tools is shaping the fructose market.Major companies operating in the fructose sector are focused on developing innovative tools to strengthen their position.
For instance, in July 2020, Tate & Lyle PLC, a UK-based food and beverage ingredients provider launched Sweetener Vantage Expert Systems.It is a set of new and unique sweetener solution design tools developed to assist formulators in creating sugar-free foods and beverages utilizing low-calorie sweeteners.
Sweetener Vantage Expert Systems were created in response to client demand for additional predictive tools to boost production efficiency and decrease development time. They will help formulators handle their formulation difficulties more effectively.
In July 2021, KPS Capital Partners, a US-based investment company acquired Tate & Lyle for $1.3 billion. Under this agreement, Tate & Lyle and KPS Capital Partners will each control 50% of a newly formed firm. The newly formed business will concentrate on the production of plant-based products for the food and industrial markets. Tate & Lyle is a UK-based company that produces sweeteners and food and beverage ingredients.
The countries covered in the fructose market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The fructose market research report is one of a series of new reports that provides fructose market statistics, including fructose industry global market size, regional shares, competitors with a fructose market share, detailed fructose market segments, market trends and opportunities, and any further data you may need to thrive in the fructose industry. This fructose market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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