Know More About “Gluten Free Sugar Syrup Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.


The global gluten free sugar syrup market size is expected to reach USD 1.44 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.31% during the forecast period. Major factor attributing the growth is the growing number of gluten intolerant people. Consumer awareness regarding healthy living lifestyle is also attributed to the growth. People are omitting gluten rich foods from their diets to avoid diseases like Irritable Bowel Syndrome (IBS) and celiac diseases among others. By 2018, more than 170 million global population was suffering from celiac diseases, driving consumers to opt for gluten free foods and beverages.
Glucose syrup category was valued to be the largest market accounting for 47.21% of the global market in 2018. It is used to help balance sweetness, enhance flavors, and extend shelf life. Some of the key glucose syrup manufacturers are Cargill, Incorporated, SWEET ADDITIONS, LLC, and Tate & Lyle. Maple syrup is the second largest segment in the global market. This is used as an ingredient in a packaged food or poured on pancakes or oatmeal. Quebec, Canada accounted for 71% of the global maple harvest due to its soil capacity.
Industrial category was valued to be the largest application by accounting over 60% of market share in 2018. Growing consumer awareness regarding gluten free foods is driving companies to use gluten free sugar syrup as an ingredient. Companies are expanding their product line for this category. For instance, The Coca Cola Company has introduced Coke Zero, Diet Coke, Coca-Cola Classic, and other gluten free products.
Direct human consumption category accounted for around 37.67% of the global gluten free sugar syrup market in 2018. It is used to prepare different dishes and cocktails. Under this category independent health store sub category is expected to expand at a CAGR of 8.72% from 2019 to 2025. Consumers prefer this independent health store category due to product varieties. Employee training programs to boost sales is anticipated to further drive the product demand over the forecast period. It has been observed that the U.S. base health stores are operating in online and offline markets to meet the customer demand, for instance, The Better Health Store, The Vitamin Shoppe, and others.
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Further key findings from the report suggest:
·         In product segment, corn syrup category is projected to ascend at a CAGR of 7.83% from 2019 to 2025
·         Glucose syrup product led with an overall market share of 47.21% in 2018
·         Industrial category was the largest application by accounting a market share of 62.33% in 2018
·         North America led the global gluten free sugar syrup market in 2018 with a market share of 41.3%
·         Growing consumer awareness regarding healthy lifestyle is driving the growth
·         The market is highly competitive in nature with the main players including MONIN INCORPORATED; Wholesome Sweeteners, Inc.; CANADIAN ORGANIC MAPLE; Börger GmbH; and Blue Ocean Biotech
·         Various manufacturers are concentrating on expanding their product line to increase their customer base
Glucose syrup held the largest market share of over 45% in 2018. It is majorly used as an ingredient of confectionery products such as jelly, jam, gum, and others. Glucose syrup is used to provide viscosity, anti-crystallization, and sweetening power to the product. It is also used for industrial fermentation in beverage industries. End users also prefer to consume the product due to its healthy ingredient contents such as 13 grams of carbohydrates and 50 calories in the form of an insignificant amount of iron, riboflavin, and sugar.
Corn syrup is anticipated to witness the fastest CAGR of 7.83% from 2019 to 2025. Rising demand for carbohydrate drinks, soft drinks, jams, and confectionery products is driving the growth. Key soft drink manufacturer such as The Coca-Cola Company, PepsiCo, and others use corn syrup as raw material due to its sweetness, solubility, and acidic properties. The other segment contain agave, cane, and other syrups. Consumption of agave syrup is lower than others due to its high fructose content. Best Ground International; Edulag; and Natural Substitute International, Inc. are some of the key players operating in the gluten free agave syrup market.
Direct human consumption category is expected to be the fastest growing market with a CAGR of 6.85% from 2019 to 2025. Some of the popular uses of this product are fruit preserves, fruit sauces, fruit toppings, and baked goods. Grocery store category contributes to the largest market share of about 68.58% in 2018 for the direct human consumption category. Consumer prefers to purchase from grocery stores due to the availability of stocks of different products. Due to bulk purchasing, grocery stores are able to sell the product on high discounts which attract customers to choose grocery stores over others. High demand for fresh product, especially among the consumers from North America and Europe is attributes to the market growth.
Independent health stores is projected to be the fastest growing distribution channel with a CAGR of 8.72% from 2019 to 2025. Majority of urban consumers prefer purchasing from these stores due to the availability of different brands which helps them compare different products. Some of the key U.S. based independent health stores have entered into online segment to cater to the demand. For instance, The Better Health Store has entered into online and offline health store business to cater to the large customer base.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-gluten-free-sugar-syrup-market
Grand View Research has segmented the global gluten free sugar syrup market on the basis of product, application, and region:
Gluten Free Sugar Syrup Product Outlook (Revenue, USD Million, 2015 - 2025)
·         Glucose
·         Maple
·         Corn
·         Others
Gluten Free Sugar Syrup Application Outlook (Revenue, USD Million, 2015 - 2025)
·         Industrial
o    Bakery Products
o    Beverages
o    Prepared Foods
o    Others
·         Direct Human Consumption
o    Grocery Store
o    Independent Health Stores
o    Club and Drug Stores
o    Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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