The global sugar syrup market has been on an upward growth trajectory over the recent past and is expected to surpass its previous revenues over the forecast period of 2017-2023, reveals Market Research Future (MRFR) in a recently published research report. The market has observed continual growth owing to the diverse application potential of sugar syrups which fetches persistent demand for the market. The global Sugar Syrups Market Size derives much of its growth from the burgeoning demand for sugar syrups from the Food & Beverage industry as they find widespread application in food toppings, beverages, and other purposes. The consumption of soft drinks and other alcoholic beverages has grown considerably on a global scale which boosts the growth of the global sugar syrups market.
ALSO READ : https://teletype.in/@industryanalysis/PuRRd4fz2
Furthermore, there has been an escalation in demand for natural sugar syrups such as honey, maple syrup, and coconut palm sugar owing to rising health consciousness among consumers which is likely to augment the demand for sugar syrups in the forthcoming years. The pharmaceutical industry too contributes to the growth of the market as sugar syrups are used in syrups and medicines to make them edible and appetizing. The rise in demand for convenience food and the overall growth of the Food & Beverage industry has been a plus for the global sugar syrups market. However, health issues related to the use of sugar and the growing popularity of alternative sweeteners are expected to hamper the growth of the market over the forecast period.
The global sugar syrup market has been segmented based on type, application, and distribution channel. By type, the market has been segmented into Glucose, Maple, Corn, and others. By application, the market has been segmented into Beverages, Bakery & Confectionary, Dairy & Frozen Desserts and others. By distribution channel, the market has been segmented into Store, and Non-Store Based.
The global sugar syrups market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is at the forefront of the global sugar syrups market followed by Europe. The US and Canada account for the major share of the North America market owing to high demand for food additives in the region. In addition, rigorous R&D activities in the region coupled with technological advancement in the production process favor the growth of the market in North America. The Europe market is strong and is expected to showcase a positive growth trend over the forecast period due to the presence of a well-developed food & beverage industry and increased consumption of convenience food in the region. Asia Pacific is expected to exhibit relatively steady growth over the forecast period. The region is experiencing high demand for sugar syrups on account of growing consumer awareness regarding the use of natural sugar syrups. Moreover, the availability of raw materials and favorable regulatory frameworks support the growth of the market in Asia Pacific. The developing Food & Beverage industry in Asia Pacific region is expected to help the market emerge as the fastest growing market over the forecast period.
The eminent players operating in the global sugar syrup market include Coca-Cola Company (the U.S.), Sonoma Syrup (Canada), PepsiCo (the U.S.), Tereos (France), Archer Daniels Midland (the U.S.), Cedarvale Maple Syrup (New York), and Illovo Sugar Ltd. (South Africa).
ALSO READ : https://www.medgadget.com/2020/07/genitourinary-drugs-market-trends-analysis-sales-projection-research-overview-business-opportunities-covid-19-impact-and-industry-insights-by-2023.htmlIndustry Updates
In September 2018, Australian listed honey company reportedly accused of selling fake honey. A leading international scientific lab which specializes in honey fraud detection found the samples from Capilano adulterated.
Note : Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312
Email: [email protected]