Crystalline Fructose Market Size, Share, Growth Report 2032

Industry Prospective:

The global crystalline fructose market size was worth around USD 642.37 million in 2022 and is predicted to grow to around USD 958.13 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.12% between 2023 and 2030. The report analyzes the global crystalline fructose market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the crystalline fructose industry.

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Crystalline Fructose Market: Overview

Crystalline fructose is a sweetener that is derived from corn syrup. The process of producing crystalline fructose includes processing corn syrup which helps in removing impurities and water. The resulting product is a pure crystalline form of fructose which is a naturally occurring sugar that is found in honey, fruits, and certain types of vegetables. The popularity of crystalline fructose is mainly driven due to high sugar content as compared to sucrose, also known as table sugar. It has a higher sweetening agent in comparison to other sweeteners and hence is used as an alternate sweetening agent in the growing food & beverages industry. It is also included in the production of other sweet products such as baked goods, soft drinks, dairy products, and condiments. The crystalline fructose market is responsible for the extraction and processing of corn syrup to produce crystalline fructose and further distribute it amongst the end-users.

Key Insights:

• As per the analysis shared by our research analyst, the global crystalline fructose market is estimated to grow annually at a CAGR of around 5.12% over the forecast period (2023-2030)
• In terms of revenue, the global crystalline fructose market size was valued at around USD 642.37 million in 2022 and is projected to reach USD 958.13 million, by 2030.
• The crystalline fructose market is projected to grow at a significant rate due to the growing demand for low-calorie sweeteners
• Based on nature segmentation, conventional was predicted to show maximum market share in the year 2022
• Based on distribution channel segmentation, business-to-business was the leading channel in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Crystalline Fructose Market: Growth Drivers

Growing demand for low-calorie sweeteners to drive market growth

The global crystalline fructose market is projected to grow owing to the increasing demand for healthy alternatives to sugar. Items that are low in calories and hence tend to have a less negative impact on the overall health of the consumer. Crystalline fructose has scientifically been regarded as a low-calorie alternative to traditional sweeteners such as high fructose corn syrup or sucrose. As the world is witnessing a surge in health-conscious people who are actively making choices that will help them improve immunity and reduce vulnerability to several diseases, the demand for low-calorie food, especially sweet items such as baked goods and soft drinks, is on the rise.

Crystalline Fructose Market: Restraints

Negative perception over health concerns to restrict the market growth

Despite the growing use of crystalline fructose as a healthier substitute, the research community is yet to deliver a concrete, fact-based study that suggests in favor of the product. This means that there are several ongoing debates over the claims of the health benefits associated with crystalline fructose as marketed by companies that use the compound in their products. Certain studies have suggested that overconsumption of crystalline fructose can lead to insulin resistance and weight gain.

Crystalline Fructose Market: Opportunities

Rising investments in research studies to provide growth opportunities

The global crystalline fructose industry can expect higher growth opportunities owing to the increasing research investments undertaken by the players operating in the food & beverages market. These companies can only survive as long as they are able to adapt to the changing consumer demand. This makes product innovation an important point of sustainability. A recent report by Deloitte suggested that on average, food companies tend to spend 2.5% to 3.5% of their sales on research & development.

Crystalline Fructose Market: Challenges

Regulatory scrutiny to challenge market growth

Like every other food product newly launched in any market, items made of crystalline fructose have to undergo strict scrutiny in terms of regulations laid down by the regional government. These norms vary from one nation to another and hence keeping up with dynamically changing regulations can sometimes add to the overall expense allocated to a particular product. Moreover, the lack of evidence suggesting crystalline fructose to be completely harmless stands as a higher challenge for the crystalline fructose industry players to overcome.

Crystalline Fructose Market: Segmentation

The global crystalline fructose market is segmented based on nature, application, distribution channel, and region.

Based on nature, the global market segments are conventional and organic. The most commonly found form of crystalline fructose is derived from conventional sources which is generally conventional corn syrup. On the other hand, organic crystalline fructose is less commonly used as compared to its counterpart and the availability of the product may vary from one nation to another. However, it is crucial to note, the companies, depending on the product being produced and the core ingredients, can choose to opt for either of the available options. The organic form is produced using organic farming practices and includes the use of natural fertilizers. It also avoids the use of genetically modified organisms (GMOs). In the US, modified corn is one of the 11 commercially available GMOs.

Based on application, the global market segments are bakery & confectionery and food & beverages.

Based on distribution channels, the global market segments are business-to-customer and business-to-business. The crystalline fructose industry was led by the latter segment also known as B2B in 2022. The high segmental revenue was mainly due to the bulk production and distribution of crystalline fructose. These quantities can only be sold to food processors or manufacturers that incorporate the item in the final product. These transactions typically occur between crystalline fructose suppliers and companies in various sectors such as bakery and confectionery, food and beverage, and other industries where sweeteners are utilized. While there are certain companies that deal in business-to-customer (B2C) transactions, the revenue in this segment is less than the counterpart. The global B2B market was valued at more than USD 7 trillion in 2022.

Recent Developments:

• In March 2022, Belvoir Farm, a manufacturer of premium drinks produced using natural measures, announced the launch of a new range of Botanical Sodas that are low in calories. With the new products, the company aims to bridge the gap that exists between adult soft drinks, low & no, and mixers. These three items that launched are Bitter Orange Spritz, Floral Fizz, and Spicy Ginger Fizz
• In March 2023, USA Today published a report discussing if sugar substitutes were really as healthy as they claimed to be. The article pointed out that the researchers do not have a concrete or comforting answer to this question and it claimed that consuming sweetener in the long term is equal to signing up for an uncontrolled experiment

Crystalline Fructose Market: Report Scope

Crystalline Fructose Market: Regional Analysis

North America to dominate over a significant share

The global crystalline fructose market is projected to witness the highest growth in North America since it currently holds dominance over a large part of the industry share. The United States is a prominent region in this segment and this is mainly due to the high demand for sweeteners in various food and beverage applications. The growing consumption of processed food items along with increasing emphasis on reduced-sugar products could assist North America generate high revenue. As per a report by Labbe Lab, around 75% of the country’s food supply is generated from packaged or processed food products and the increasing consumption of ultra-processed products is a major area of concern for the regional authorities. It is worth noting that national leaders are emphasizing developing research programs to understand more about the compound.

Crystalline Fructose Market: Competitive Analysis

The global crystalline fructose market is led by players like:

• Archer Daniels Midland Company
• Cargill
• Incorporated
• Tate & Lyle PLC
• DuPont Nutrition & Biosciences
• Ingredion Incorporated
• Roquette Frères
• Mitsubishi Corporation
• Danisco A/S (a subsidiary of DuPont)
• Gulshan Polyols Ltd.
• Shijiazhuang Huaxu Pharmaceuticals Co. Ltd.
• Galam Group
• Dancheng Caixin Sugar Industry Co. Ltd.
• Hebei Huaxu Pharmaceutical Co. Ltd.
• Xi'an Lishide Biotechnology Co. Ltd.
• Foodchem International Corporation
• Wuxi Cima Science Co. Ltd.
• Gremount International Company Limited
• Fooding Group Limited
• Cofco Biochemical (Anhui) Co. Ltd.
• Shandong Tianli Pharmaceutical New Material Co. Ltd.
• Golden Time Chemical (Shanghai) Co.Ltd.
• SSP Pvt. Ltd.
• The Fructose Company
• Daito Chemical Co. Ltd.
• Laiwu Taihe Biochemistry Co.Ltd.

The global crystalline fructose market is segmented as follows:

By Nature

• Conventional
• Organic

By Application

• Bakery & Confectionery
• Food & Beverages

By Distribution Channel

• Business-to-Customer
• Business-to-Business

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa