Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 5.58 Billion | USD 7.61 Billion | CAGR at 3.64% | 2023 |
According to the report published by Zion Market Research, the global Reduced Starch Syrup Market size was valued at USD 5.58 Billion in 2023 and is predicted to reach USD 7.61 Billion by the end of 2032. The market is expected to grow with a CAGR of 3.64% during the forecast period. The report analyzes the global Reduced Starch Syrup Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Reduced Starch Syrup Market industry.
When the starch is hydrolyzed at a limited amount and has low glucose content then it is known as reduced starch syrup. The reduced starch syrup has a mild taste and is not too sweet. The reduced starch syrup is used in the making of the lollypops and confectionary products.
A study regarding the alternative sweetener of sucrose by using threshold value and effects of salt addition on the sweetness was conducted by the researchers Hwang, C.S., Kim, Y.S., Shin, D.H. According to that study, in the sucrose solution the threshold value was 0.4% and in the mixture of sweeteners such as reduced starch syrup and low glutinous starch syrup with the sucrose solution was 0.75-0.80%.
The global market for the reduced starch syrup is fragmented into its application, type and geography.
Based on the application, the global market is segregated into jams, fruit preps & candied, dairy products, confectionery, ice cream & sorbet and others.
Based on the type, the global market is segregated into Low-Saccharified Syrup, Confectionery Syrup, Maltose Syrup and Others.
The geographical segmentation of the reduced starch syrup market includes Western Europe, Latin America, Asia Pacific, the Middle East and Africa, Eastern Europe and North America.
The key factor that is driving the reduced starch syrup market is the increasing popularity of the functional foods and the beverages across the world. The reduced starch syrup consists of a wide range of functional properties which are easily encapsulated in a wide variety of food applications and the increased consumption of the processed food is boosting the growth of the reduced starch syrup market. The other factors that are contributing to the growth of the market are the growing population, the rapid development and expansion of the food and beverages sector, and the rise in the disposable incomes.
In the recent years, the consumers are more concerned about their health and nutrition and prefer more of healthy food products thus augmenting the growth of the market. The non-carbonated soft drinks are having an increasing demand for the natural sweeteners which, in turn, is increasing the demand for the reduced starch syrup. The factor that is limiting the growth of the market is the availability of the other substitutes in the market such as the tapioca syrup.
Report Attributes | Report Details |
---|---|
Report Name | Reduced Starch Syrup Market Research Report |
Market Size in 2023 | USD 5.58 Billion |
Market Forecast in 2032 | USD 7.61 Billion |
Growth Rate | CAGR of 3.64% |
Number of Pages | 201 |
Key Companies Covered | Tereos, ASTON Group, Kasyap, Gulshan Polyols Ltd., Cargill Inc., Egyptian Starch and Glucose, Tate & Lyle, Tongaat Hulett Starch, and Manildra Group. |
Segments Covered | By Application, By Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The region that is dominating the reduced starch syrup market is Asia Pacific region. Both in terms of volume and value, Asia Pacific region leads the market and in the coming years, the growing demand for the confectionery food products will increase the demand for the reduced starch syrup market. In the North American region, the advancements that are made in the technology of the food industry will create opportunities for the reduced starch syrup market.
The key market players that are involved in the reduced starch syrup market include:
By Application
By Type
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