Global Gluten-Free Sugar Syrup Market Report and Forecast 2024-2032

Global Gluten-Free Sugar Syrup Market Outlook

The global gluten-free sugar syrup market reached a value of about USD 1.16 billion in 2023. The industry is further expected to grow at a CAGR of about 5.7% in the forecast period of 2024-2032 to reach a value of around USD 1.90 billion by 2032.

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North America and Europe to be Significant Regional Markets for Gluten-Free Sugar Syrup

North America holds the largest share in the market due to a large number of gluten-intolerant populations. Consumers are ready to spend more to manage a healthy lifestyle. Therefore, companies are coming up with a premium range of gluten-free products, which are expected to drive regional growth. For instance, in October 2017, Ingredion Inc. introduced a new line of corn and tapioca-based low sugar, gluten-free glucose syrups in the United States and Canada. Consumer awareness about celiac disease, high disposable income, and the rising trend of leading a healthy lifestyle are driving more people to consume a gluten-free diet.

Europe is anticipated to register a high CAGR on account of rising health awareness among consumers. A large number of the population is adopting a gluten-free diet for its several health benefits. The presence of a large gluten-intolerant population in the United Kingdom is attributed to the growth. In terms of product, glucose syrup is anticipated to witness the maximum demand, owing to its various health benefits.

Glucose Syrup Holds the Largest Market Share

Based on product type, glucose syrup holds the largest market share. It is used as an ingredient in confectionery products, such as jelly, jam, and gum, among others. Glucose syrup is used to provide viscosity, anti-crystallisation, 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 carbohydrates and calories, in the form of an insignificant amount of iron, riboflavin, and sugar.

Market Segmentations

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Gluten-free sugar syrup is a sugar syrup that is gluten-free. Sugar syrup can be created from any sweetener or carbohydrate, such as glucose, fructose, or sucrose, which are all obtained from corn or wheat starch. Gluten-free food products use syrups to manufacture a variety of gluten-free desserts such as fudge and chocolate bars, among others.

By product type, the market includes:

• Glucose Syrup
• Maple Syrup
• Corn Syrup
• Others

The major applications of the market are:

• Industrial
  • Bakery Products
  • Beverages
  • Prepared Foods
  • Others
• Direct Human Consumption
  • Grocery Store
  • Club and Drug Stores
  • Others

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The regional markets for the gluten-free sugar syrup market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Growing Consumer Awareness Regarding Healthy Lifestyle Augmenting the Market Growth

The market is driven by rising consumer concerns about the high prevalence of various diseases and the adoption of healthy eating habits, which is leading to increased product sales. Rapidly growing consumer awareness regarding the advantages of a healthy living lifestyle has positively impacted the gluten-free sugar syrup market over the past few years. There are various health benefits associated with the consumption of gluten-free products. Growing demand for healthier desserts and confectionaries is driving the growth of the global gluten-free syrup market. The end-user segment is opting for a gluten-free diet to prevent themselves from Irritable Bowel Syndrome (IBS) and celiac diseases. Due to various health awareness campaigns and easy access to information, the demand for online food and beverage retailers is fast expanding. The urban population is the major consumer segment of these products owing to high awareness. A busy lifestyle drives urban consumers to consume bakery and confectionery products in their daily lives, driving manufacturers to introduce advanced gluten-free products. Bakery and confectionery companies are developing gluten-free products to meet the growing consumers’ demands. For instance, German company GoodMills Innovation launched gluten-free white flour in September 2017[PM1] .

Key Players in the Global Gluten-free Sugar Syrup Market

The report gives a detailed analysis of the following key players in the global gluten-free sugar syrup industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• B&G Foods, Inc.
• Monin Incorporated
• Canadian Organic Maple Co. Ltd
• Skinny Mixes
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report