Global Starch Syrup Market to Grow at a CAGR of 4% During 2024-2032, Aided by the Growing Shift Towards Natural Ingredients

The manufacturers are aiming to prepare sweetening solutions that have fewer calories but offer more sweetness than sugar owing to the evolving dietary trends, further providing the same irresistible taste. The growing demand for natural sweeteners in the food and beverage industry has significantly contributed to the starch syrup industry growth. The manufacturers of non-carbonated soft drinks and energy drinks are looking for natural and healthier alternatives, thus, turning to starch syrup. The easy availability of these end-use products through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to boost the demand for the product in the coming years.

Tate & Lyle PLC (LON: TATE), a leading key player in the industry, offers GLUCAMYL® Glucose Syrups, which is a range of nutritive sweeteners prepared from corn. Along with improving the sweetness levels, it has the ability to enhance the structure, mouthfeel, and energy content of the product across a wide range of applications. Meanwhile, the increasing penetration of the key players in the emerging markets is also aiding the industry growth. In September 2020, Cargill Inc. opened its first corn silo with 60,000 tons of storage capacity in India to facilitate a continuous supply of premium corns and expand its starches and sweetener business in the Asia Pacific region. Such developments are expected to positively impact the global starch syrup industry growth over the forecast period.

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Market Breakup by Starch Type, Type, Application, Distribution Channel, and Regions:

• By starch type, the industry can be segmented into corn, wheat, tapioca, and potato, among others. 

• On the basis of type, the industry has been categorised into low conversion glucose syrup, glucose maltose syrup, maltose syrup, and high conversion glucose syrup, among others.

• Based on application, the industry is divided into bakery, beverage, bars and cereals, confectionery and snacks, dressings and sauces, dairy, pharmaceutical, and others. 

• The various distribution channels of starch syrup are supermarkets/hypermarkets, convenience stores, and online, among others. 

• Region-wise, the global market for starch syrup can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for starch syrup is being driven by the rising concern regarding health among consumers and the growing shift towards natural products.

• The rising disposable incomes and increasing per capita expenditure on packaged and processed food products are also boosting the product demand.

• The industry is receiving a further impetus with the growing retail sector.

• The advancing pharmaceuticals industry and growing R&D activities are further propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for starch syrup for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the starch types, types, applications, distribution channels, and regional markets of starch syrup.

• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global starch syrup market are Tate & Lyle PLC, Cargill Inc., Tereos Internacional SA., Archer Daniels Midland Company, Tongaat Hulett Starch, Manildra Group, and Roquette Frères, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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