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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Starch Syrup Market Outlook
The global starch syrup market is expected to grow at a CAGR of 4% in the forecast period of 2024-2032.
| Global Starch Syrup Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.2% |
| CAGR 2024-2032 - Market by Country | Japan | 4.7% |
| CAGR 2024-2032 - Market by Country | Mexico | 4.3% |
| CAGR 2024-2032 - Market by Distribution Channel | Online | 7.2% |
| CAGR 2024-2032 - Market by Application | Bakery | 4.3% |
| Market Share by Country 2023 | Australia | 4.1% |
The Thriving Food and Beverages Industry is Leading the Starch Syrup Market Growth
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The growing consumption of beverages and functional foods across the globe is driving the demand for starch syrup in the food and beverage industry. Owing to its functional properties, the starch syrup can be easily incorporated in a variety of food products ranging from bars and cereals to dairy and bakery. The increasing population and growing consumer disposable incomes are significantly contributing to the industry growth. Further, the product also finds usage in pharmaceuticals and brewing industry. Region-wise, the Asia Pacific is expected to witness a healthy growth over the forecast period. The market growth in this region can be attributed to the increasing demand for healthy confectionery products, technological advancements in the food industry, growing population, improving standards of living, and growing penetration of key players in the emerging economies like India.
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Starch Syrup: Market Segmentation
Starch syrup refers to a viscous liquid that is obtained through the enzymatic hydrolysis of corn starch with subsequent purification. It is obtained as a purified and concentrated product after the processing of starch from corn. Owing to its mild sweet taste and high absorption capacity, starch syrup is widely used in the food industry as a thickener and sweetener and to provide additional functionality and contribute to the texture, colour, and flavours of several products.
The various starch types available in the market include:
Based on type, the industry can be segmented into:
- Low Conversion Glucose Syrup
- Glucose Maltose Syrup
- Maltose Syrup
- High Conversion Glucose Syrup
- Others
The major applications of starch syrup are:
- Bakery
- Beverage
- Bars and Cereals
- Confectionery and Snacks
- Dressings and Sauces
- Dairy
- Pharmaceuticals
- Brewing Industry
- Others
| CAGR 2024-2032 - Market by | Application |
| Bakery | 4.3% |
| Bars and Cereals | 4.1% |
| Beverage | XX% |
| Confectionery and Snacks | XX% |
| Dressings and Sauces | XX% |
| Others | XX% |
On the basis of distribution channel, the industry is categorised into:
- Supermarket/Hypermarket
- Convenience Store
- Online
- Others
| CAGR 2024-2032 - Market by | Distribution Channel |
| Online | 7.2% |
| Supermarkets/Hypermarkets | 4.2% |
| Convenience Stores | XX% |
| Others | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 5.2% |
| North America | 3.3% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
| CAGR 2024-2032 - Market by | Country |
| Japan | 4.7% |
| Mexico | 4.3% |
| Saudi Arabia | 4.2% |
| UK | 3.3% |
| USA | 3.2% |
| Canada | XX% |
| Germany | XX% |
| France | XX% |
| Italy | 2.5% |
| China | XX% |
| India | XX% |
| Australia | XX% |
| Brazil | XX% |
Increasing Demand for Natural and Vegan Products to Augment the Demand for Starch Syrup
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The rising health awareness among the consumers is leading to an increased demand for natural ingredients over synthetic ones, thus, pushing the growth of the starch syrup industry forward. The starch syrup serves as a natural thickener and sweetener in pharmaceuticals, brewing, and food and beverage industry. The growth is higher in the developing regions owing to the increasing consumer disposable incomes and the growing demand for processed food. The expanding distribution channels and the rising popularity of online platforms are resulting in enhanced sales of end-use products like bars, snacks, jams, cereals, and others, thus boosting the industry growth. Over the forecast period, the rising demand for vegan products is expected to result in increased adoption of starch syrup to prepare various formulations. This is expected to have a positive effect on the expansion of the market.
| 2023 Market Share by | Country |
| Australia | 4.1% |
| USA | XX% |
| Canada | XX% |
Key Industry Players in the Global Starch Syrup Market
The report gives a detailed analysis of the following key players in the global starch syrup market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Tate & Lyle PLC
- Cargill Inc.
- Tereos Internacional SA.
- Archer Daniels Midland Company
- Tongaat Hulett Starch
- Manildra Group
- Roquette Frères
- 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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Starch Type |
|
| Breakup by Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global starch syrup market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the market include the growing consumption of functional food and beverages, rising disposable incomes, growing population levels, the surging use of starch syrup in the pharmaceuticals and brewing sector, and technological advancements in the food sector.
The key trends guiding the growth of the market are the rising health consciousness, the expansion of distribution channels, the growing demand for vegan products, and the increasing use of starch syrup as a thickener in the food and beverage sector.
The major regions in the starch syrup market include the Asia Pacific, Europe, Latin America, the Middle East and Africa, and North America.
The leading starch types in the market are corn, wheat, tapioca, and potato, among others.
The major types of starch syrup in the market are low conversion glucose syrup, glucose maltose syrup, maltose syrup, and high conversion glucose syrup, among others.
Bakery, beverage, bars and cereals, confectionery and snacks, dressings and sauces, dairy, pharmaceuticals, and brewing industry, among others, are the significant applications of starch syrup.
The leading distribution channels in the market are supermarket/hypermarket, convenience store, and online, among others.
The major players in the market are Tate & Lyle PLC, Cargill Inc., Tereos Internacional SA., Archer Daniels Midland Company, Tongaat Hulett Starch, Manildra Group, and Roquette Frères, among others.
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