Global High Maltose Syrups Market Report and Forecast 2024-2032

Global High Maltose Syrups Market Outlook

The global high maltose syrups market is being aided by the rising demand for high maltose syrups from China. In 2023, the demand for high maltose syrups in China stood at a volume of 3.87 million tons. The high maltose syrups industry in China is expected to grow at a CAGR of 1.5% between 2024 and 2032.

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Multifunctional Properties of High Maltose Syrups to Aid the High Maltose Syrups Industry Growth

The high maltose syrup is added to several food products as it improves flavour, structure, and texture while imparting resistance to colour formation, moisture absorption, and crystallisation in finished products like hard candies. It provides exceptional stability, and clarity to the finished products. As it is less humectant than glucose, the candies produced with high-maltose syrup do not turn sticky like the ones produced using a standard glucose syrup. Further, it inhibits fermentation and bacterial growth, and thus, is widely used as a food preservative to maintain food quality and extend products' shelf life. It is also used in breweries to substitute malt in the manufacture of beer owing to its balanced fermentability. Moreover, high-maltose syrups produced from corn are gluten-free, thus, fulfilling the demand for gluten-free products. The thriving food and beverage industry owing to the growing consumer demands is significantly contributing to the industry growth.

The increased consumption of baked products and confectionery in developed regions like North America and Europe are supporting the industry growth. The growing western influence and rising disposable incomes in emerging regions like the Asia Pacific are expected to provide enhanced opportunities for the market expansion over the forecast period.

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High Maltose Syrups: Market Segmentation

High maltose syrup (HMS) is a specially prepared syrup obtained by the starch's acid-enzymatic conversion and contains maltose as its chief carbohydrate constituent. It is widely used as a sweetener and preservative in the food and beverage industry. To be categorised as 'high', the concentration of maltose in the syrup must be at least 50%. It is less sweet than high fructose syrups and contains negligible or no fructose content. It offers long shelf life and improves flavour and texture of the product owing to its properties, including sweet, fine taste and stable nature at high temperature and acidic conditions.
 
Based on source, the market is divided into:

• Natural
• Chemical

While the natural segment based on type is subdivided into corn, sweet potatoes, waxy barley, and rice starch, among others, the chemical segment is bifurcated into β-amylase and fungal α-amylase.

Based on concentration, the industry can be bifurcated into:

• High Concentrated
• Very High Concentrated

On the basis of end-use, the industry is categorised into:

• Beverages
• Brewing Industry
• Food
• Confectionery
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Health Awareness to Bolster the Demand for High Maltose Syrups

The growing demand for natural and healthier ingredients in the food industry is resulting in enhanced demand for high-maltose syrups, particularly produced from corn or other natural sources. The growing demand for natural and gluten-free food products among consumers with the rising health awareness is supporting the growth of the segment. In recent years, high-maltose corn syrups have witnessed an increased demand as a food additive due to the negative reputation of high fructose corn syrups, which are reported to have ill effects on health. Maltose is safer than both fructose and galactose. Moreover, the coherent properties of maltose may drive the product demand in the pharmaceutical industry as an alternative to chemically produced sugar. Other factors like the growing demand for ready-to-drink beverages, confectionery, and baked goods, escalating disposable incomes and rising living standards, increased R&D activities, and new product launches are expected to further boost the industry growth over the forecast period.

Key Industry Players in the Global High Maltose Syrups Market

The report gives a detailed analysis of the following key players in the global high maltose syrups market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cargill, Incorporated
• Meelunie B.V.
• Nectafresh Agro Foods
• Austrade Inc.
• 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