The latest report by IMARC Group, titled "Europe Corn Glucose Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," finds that the Europe corn glucose market size reached 1.2 Million Tons in 2021. Corn glucose, also known as glucose syrup, is a purified and concentrated mixture of saccharides produced from the hydrolysis of corn starch. It is fat-free and has high-calorie content and small amounts of minerals, such as calcium, zinc, and thiamine. It is widely used as a sweetener in frozen desserts, baked goods, jams, jellies, tinned fruits, and ice creams. It also enhances the overall flavor, improves color, adds volume, and provides a smooth texture to the food. Owing to these properties, corn glucose finds extensive applications across the food and beverage (F&B) industry across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Europe Corn Glucose Market Trends:
The market is primarily driven by the escalating demand for baked and confectionery food products. Corn glucose is widely used to improve moisture retention and keep food fresh. In addition, the rising popularity of packaged and ready-to-eat (RTE) food items due to the hectic lifestyles and busy schedules of consumers represents another major growth-inducing factor. Besides this, various product innovations, such as the introduction of high fructose corn syrup (HFCS) that provides enhanced freshness, stability, pourability, and flavor, are contributing to market growth. Moreover, the market is also propelled by the rising health consciousness among the masses, which has resulted in the replacement of sugar with natural sweeteners, such as corn glucose. Furthermore, the growing consumer inclination toward trying a variety of cuisines and the rising product adoption in the pharmaceutical industry to manufacture tonics and syrups are also creating a favorable market outlook across the region. Looking forward, IMARC Group expects the market to reach 1.5 Million Tons by 2027, exhibiting a CAGR of 3.90% during the forecast period (2022-2027).
- Based on the type, the market has been bifurcated into HFCS 42, HFCS 55, and others.
- On the basis of end use industry, the market has been segmented into food and beverages, pharmaceuticals, personal care products, paper products, and others.
- On the geographical front, the market has been divided into Germany, France, the United Kingdom, Italy, Spain, and others.
- The competitive landscape of the market has been examined in the report, with detailed profiles of key players operating in the industry.
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