Starch glucose syrups are plant-based substances used in food and beverage products. These are sugars from the carbohydrate family that are mainly derived from cereals such as wheat and maize and other starch-rich foods such as rice and potatoes.
The starch glucose syrups along with improving the food’s taste play a key role in enhancing food texture and glossiness. Often found in a transparent viscous state it is obtained from break down of carbohydrates into smaller molecules through the process of hydrolysis.
Thus, starch glucose syrup is a refined, concentrated aqueous solution of mix of sugars (glucose, maltose and oligomers) obtained by controlled partial hydrolysis of edible starch. The western countries such as the U.S. and U.K. heavily use starch glucose syrup for culinary purposes. The application starch glucose syrups in the pharmaceutical sector is an added benefit for the market’s growth.
The global food market is witnessing a growing demand for bakery products largely due to an increase in consumer spending. Bread is a staple food in many cultures and nations often available at extremely low prices.
The outlook of the bakery market changed with the introduction of premium sweet products such as cakes and pastries. Gradually cakes and pastries have become a part of lifestyle usually consumed during festivities and other occasions. With the increase in per capita income, the consumers are now able to enjoy their favourite high priced bakery products regularly. Digital media also plays an important part in promoting bakery product and ingredients.
With the advent of food channels, food blogging, and food recipe apps, the bakery market experienced a surge in demand not only for bakery ingredients but also for household bakery equipment. Baking bread at home daily is a tedious task, therefore, consumers from developed nations tend to buy bread for their daily meals.
Gradual westernization in cities of developing nations is slowly incorporating the habit of consuming bread in meals rather than having it as snacks. Thus, the starch glucose syrup market is bound to get boost owing to the growing demand for bakery products.
Some of the key players manufacturing starch glucose syrup are as follows –
North America, East Asia, and South Asia are expected to the frontrunners of starch glucose syrup in terms of growth rate. The Europe region dominates the market share by volume and also accounts for high revenue in the starch glucose syrup market.
The Oceania countries, especially Australia will pose as a key market for market players. East Asia and South Asia offer tremendous opportunities for market players owing to adaption of western styled fast food chains and cafes that generally use starch glucose syrup for cooking and preparation.
In the initial phase of the COVID-19 crisis, there was an upsurge in demand for processed and packaged foods and beverages. The upsurge in demand is purely out of the intention of stockpiling food supplies that could last for months amidst the pandemic.
Rising demand for processed food is expected to boost the growth of starch glucose syrup market. Also, the global supply chain is returning to its regular state, thus, fuelling the growth of starch glucose syrup market.
The starch glucose syrup market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the starch glucose syrup market, including but not limited to: regional markets, grade, function, application, and distribution channel.
The starch glucose syrup market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the starch glucose syrup market report projects the attractiveness of each major segment over the forecast period.
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