Global Fructose Market, By Source (Sugarcane, Sugar Beet, Corn, Fruits and Vegetables), Product Type (High Fructose Corn Syrup, Fructose Syrups, Fructose Solids), Application (Dairy Products, Baked Goods, Beverages, Cosmetics & Personal Care, Sports Nutrition, Drug Formulations, Other Applications) – Industry Trends and Forecast to 2029.
Fructose Market Analysis and Size
Fructose is a monosaccharide with a similar chemical formula to glucose but a distinct molecular structure. Fructose is used to improve the quality, taste, and texture of food and beverages. Furthermore, the product's low Glycemic Index (GI) when compared to table sugar is likely to drive demand. The United States is expected to grow significantly due to rising consumer awareness about eating a healthy diet.
Data Bridge Market Research analyses that the fructose market was valued at 4.64 billion in 2021 and is expected to reach the value of USD 7.40 billion by 2029, at a CAGR of 6.00% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Fructose Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Sugarcane, Sugar Beet, Corn, Fruits and Vegetables), Product Type (High Fructose Corn Syrup, Fructose Syrups, Fructose Solids), Application (Dairy Products, Baked Goods, Beverages, Cosmetics & Personal Care, Sports Nutrition, Drug Formulations, Other Applications)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DuPont (U.S.), ADM (U.S.), Tate & Lyle (U.K.), Ingredion Incorporated (U.S.), Cargill Incorporated (U.S.), Roquette Frères (France), PureCircle (U.S.), MacAndrews & Forbes Incorporated. (U.S.), J.K. Fructose Inc. (China), Ajinomoto Co. Inc (Japan), The NutraSweet Co. (U.S.), Südzucker AG (Germany), Guilin Layn Natural Ingredients Corp. (China), Zhucheng Haotian Pharm Co., Ltd. (China), HSWT (France)
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Opportunities
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Market Definition
Fructose is a simple ketonic monosaccharide found in many plants and bonded to glucose to form the disaccharide sucrose. Fructose can be extracted in crystalline and liquid forms, is less toxic, and does not promote calorie increase. It is one of the sugars found naturally in fruits and vegetables, and the hydrolysis of starch into glucose is the primary source of fructose. It is one of three dietary monosaccharides, along with glucose and galactose that are directly absorbed into the bloodstream during digestion.’
Global Fructose Market Dynamics
Drivers
- Rising consumer health consciousness and increased demand for sugar substitutes
Rising consumer health consciousness and rising disposable income in developing countries have resulted in increased demand for sugar substitutes such as fructose, due to its calorie-free property. People with high blood sugar and diabetic patients prefer calorie-free sweeteners, which fuels the fructose market's growth. The food and beverage industry's constant demand for fructose as a sweetener for various food products such as bakery products, health drinks, juices, and confectionary has significantly contributed to the growing demand for the global fructose market. Fructose sweetener is used as a non-caloric sweetener in a variety of food recipes, increasing demand for the global fructose market from households and restaurants.
- increased use of fructose in various end-use applications
The increased use of fructose in various end-use applications such as pharmaceuticals, cosmetics, food, feed, ethanol production, and others is also driving the market. It can be used as a water-retaining agent in personal care and cosmetics serums and as a nutritional supplement in pharmaceutical products such as syrups and injections. Strong R&D combined with technical capabilities has put the company in the lead, and as a result, the demand for crystalline sugar has grown over time.
Opportunities
Growing technical innovation in the food processing sector and rising demand for nutritional snack bars will augment market growth. Fructose manufacturers are expected to benefit from price fluctuations in sugar. As a result of these factors, the market is expanding with the number of diabetic patients and consumer health consciousness.
Restraints
However, many scientists believe that excessive fructose consumption can lead to serious health problems such as type II diabetes, heart disease, obesity, and in some cases can led to cancer. The decreased availability of fructose, combined with the development of natural sweeteners, has shifted consumer preferences toward natural sweeteners, limiting the market growth.
This fructose market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fructose market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Fructose Market
The Global pandemic of COVID-19 disease is becoming a major impediment to the Global economy and impacts the growth of the food and beverage industry. Food manufacturers have reduced production of major food products. Furthermore, as people seek solutions to improve their overall health and well-being, the demand for less sugary and immunity-boosting products is rapid because of the COVID-19 pandemic. Most health-conscious customers have turned to low-calorie or sugar-free foods. As a result of rising health consciousness and high demand for sugar-reduced solutions among the Global population, manufacturers and product formulators have been forced to use fructose.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent development
- In July 2020, Tate & Lyle will release the VANTAGE sweetener solution design tools. It is a collection of new and innovative sweetener solution design tools and an education programme for creating sugar-reduced food and drinks with low-calorie sweeteners.
Global Fructose Market Scope
The fructose market is segmented on the basis of source, product type, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Sugarcane
- Sugar Beet
- Corn
- Fruits and Vegetables
Product type
- High Fructose Corn Syrup
- Fructose Syrups
- Fructose Solids
Application
- Dairy Products
- Baked Goods
- Beverages
- Cosmetics & Personal Care
- Sports Nutrition
- Drug Formulations
- Other Applications
Fructose Market Regional Analysis/Insights
The fructose market is analysed and market size insights and trends are provided by country source, product type, and application as referenced above.
The countries covered in the fructose market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
In the global fructose market, Europe accounted for the vast majority of market share because of the presence of key market players, significant investment in R&D, technologically advanced methods of production, and the availability of raw materials in the region. The advancement of pharmaceuticals through the use of natural sugar has proven to be the most promising for market growth.
Asia-Pacific region accounted for the second-largest fructose market because of increased pharmaceutical and food and beverage use. China leads the market due to the presence of market key players and the country's large population, whereas India is the fastest-growing market due to the use of innovative manufacturing techniques and rising income levels.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fructose Market Share Analysis
The fructose market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fructose market.
Some of the major players operating in the fructose market are:
- DuPont (U.S.)
- ADM (U.S.)
- Tate & Lyle (U.K.)
- Ingredion Incorporated (U.S.)
- Cargill Incorporated (U.S.)
- Roquette Frères (France)
- PureCircle (U.S.)
- MacAndrews & Forbes Incorporated (U.S.)
- JK Fructose Inc. (China)
- Ajinomoto Co. Inc (Japan)
- The NutraSweet Co. (U.S.)
- Südzucker AG (Germany)
- Guilin Layn Natural Ingredients Corp. (China)
- Zhucheng Haotian Pharm Co., Ltd. (China)
- HSWT (France)
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