The global fructose market size was reached at USD 4.7 billion in 2022 and it is expected to hit around USD 7.62 billion by 2032, growing at a CAGR of 5% during the forecast period 2023 to 2032.
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Industry growth is anticipated to be fueled by rising consumer demand for processed low-calorie, low-fat, and low-sugar food products. While glucose and fructose have similar chemical formulas, they have different molecular structures. It can be found naturally in some plants, honey, fruits, and vegetables. Foods and beverages that employ fructose have better quality, flavor, and texture. Also, the product's low Glycemic Index (GI) compared to table sugar is likely to boost demand. Due to growing consumer awareness of the need of eating a healthy diet, the U.S. is predicted to experience significant growth.
Consumers' search for a substitute for white sugar in their everyday diets to maintain fitness will aid the fructose industry's expansion over the anticipated time period. Yet, customers are choosing sustainable products, which will have some effect on market expansion. Sugarcane, beets, and maize are just a few of the basic ingredients that are used to make fructose. Because of its low price and high relative sweetness, the product has been widely used in the food and beverage industry.
The industry participants are going to face significant hurdles as a result of variables like fluctuating raw material prices and rising production expenses. The price of the finished product might be directly impacted by an increase in manufacturing costs. For instance, due to the increase in production costs, Tate & Lyle confirmed a price increase in September 2019 for its goods coming from the North American beverages and food solutions business.
Moreover, Cargill, Inc. stated in its 2019 annual report that the rise in energy and raw material prices in Europe contributed to a decline in revenue for its starch & sweetener products. According to a study, high fructose corn syrup can raise your chance of having hypertension, diabetes, cardiovascular disease, excess weight, cancer, liver failure and liver stress, high blood cholesterol, leaky gut syndrome, and a higher intake of mercury. As a result, consumers are choosing alternatives such as palm sugar, local honey, and tea, which is predicted to slow the industry's development.
| Report Coverage | Details |
| Market Size in 2023 | USD 4.91 Billion |
| Market Size by 2032 | USD 7.62 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 5% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Product and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Drivers
Increasing consumer awareness of health issues and demand for sugar replacements
In emerging nations, rising disposable income and consumer health concerns have led to a surge in the market for sugar replacements like fructose, which has no calories. The preference for calorie-free sweeteners among diabetics and people with high sugar levels drives the rise of the fructose market. The ongoing need for fructose as a sweetener for several food products, such as bakery goods, health drinks, juices, and confectionary, from the food and beverage industry has significantly fueled the expansion of the worldwide fructose market.
Several culinary recipes call for fructose sweetener, which drives up demand from consumers and businesses worldwide for this non-caloric sweetener.
Restrain
Consuming too much fructose might cause major health issues.
In a while, a lot of scientists think that consuming too much fructose can cause major health issues like diabetes type II, cardiovascular disease, being overweight, and in some circumstances, cancer. The market growth has been constrained by the shifting customer preferences for natural sweeteners brought on by the decline in the availability of fructose and the emergence of these sweeteners.
Opportunity
Greater usage of fructose in a variety of applications.
The market is also being driven by the rising usage of fructose in numerous end-use industries, including ethanol production, medicines, cosmetics, foods, and feed. It can be utilized as a vitamin supplement in pharmaceutical goods like syrups and injections as well as a water-retentive ingredient in skincare and cosmetic serums. The company has established itself as the leader thanks to strong R&D and technological capabilities, and as a result, demand for crystallized sugar has increased over time.
Covid 19 Impact:
The global COVID-19 epidemic is having a significant negative influence on the beverage and food industry's expansion as well as the global economy. Major food products are now produced in less quantity by food manufacturers.
The COVID-19 epidemic has also accelerated the demand for less-sugary and immunity-boosting goods as individuals look for ways to improve their general health and wellbeing. The majority of consumers who care about their health now prefer low-calorie or sugar-free goods. Companies and product synthetic chemists have been driven to employ fructose due to increased health consciousness and strong demand for sweetener products among the global population.
Product, High fructose corn syrup dominated the market because to its adaptability and capacity to improve the texture, color, quality, and flavor of numerous foods and beverages, these products have become increasingly popular. High fructose corn syrup is also preferred by manufacturers due to its liquid condition, which makes manufacturing easier and is less expensive than other sweeteners. For instance, using sugar in soft drinks rather than high fructose corn syrup doubles the cost of the sweetener.
According to estimates, the segment for fructose syrups will grow at the fastest rate. The high growth rate is supported by fructose syrups' capacity to combine with other substances. In dry-mix beverages, flavored water, low-calorie items, carbonated goods, energy bars, bakery items, chocolate pudding, fruit packets, and morning cereals, fructose solids are predominantly obtained from maize starch. Fructose solids aid in preserving the desired tenderness and moistness of baked goods for a longer period of time.
Depending on the application, the fructose market can be further divided into the following categories: beverages, bakeries and cereals, milk products, confectionaries, sugary foods, and others. Due to reasons like the rise in the market for fructose sweeteners in drinks, a rise in the demand for energy drinks, and rising demand for protein shakes, coffee creamers, and soda, the Beverages category held the highest share in 2022. The Fructose Market is expanding as a result of the rising soft drink consumption in developing nations.
North America dominated the global market in 2022. The rise of the sector has been aided by the popularity of packaged beverages in the area, such as beverages, juice drinks, and soft drinks with carbonation.
The Asia Pacific area is anticipated to have the quickest rate of growth between 2023 and 2032, due to the rapidly rising beverage industries in China and India, Also, the demand for food products including bottled drinks, candies, and chocolates is projected to increase as a result of the changing consumer lifestyle and the growing population.
Europe held the lion's share of the global market for fructose due to the presence of large market players, extensive R&D spending, technologically advanced production techniques, and the accessibility of raw resources in the area. The use of processed sugar to develop medications has emerged as the most potential avenue for industry expansion.
Segment Covered in the Reports:
By Product
By Application
By Geography
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