According to the latest report by IMARC Group, titled "Fructose Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global fructose market grew at a CAGR of around 5% during 2015-2020. Fructose is a sweetener that is widely used as a preferred substitute for table sugar across the food and beverages sector. Naturally obtained from several fruits and tuberous vegetables, it can be extracted in both the crystalline and liquid forms via the process of hydrolyzation of starch to glucose. It is a dietary monosaccharide that is directly absorbed in the bloodstream during the digestion process. It is characterized by low-calorie content due to which it is increasingly used in the preparation of several baked goods to enrich their consistency, flavor, texture and aroma.
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Global Fructose Market Trends:
The global market is majorly driven by significant growth in the food and beverages sector. There has been a rising demand for low-calorie sweeteners in the sector due to the increasing health consciousness among the masses and growing awareness regarding the adverse effects of consuming table sugar. Consequently, fructose is widely utilized as an essential ingredient in the preparation of various flavored yogurt, energy drinks, nutritional bars, confectionaries and juice concentrates. This is further supported by the shifting dietary preferences of the masses and their inflating disposable income levels. Furthermore, a considerable increase in the incidences of diabetes across the globe has impelled patients to replace fructose as an alternative to table sugar as it contains lower levels of Glycemic Index (GI), thereby providing an impetus to the market growth. Some of the other factors contributing to the market growth include rapid urbanization and the easy availability of processed foods containing fructose across the online and offline retail channels. On account of the aforementioned factors, the market is anticipated to witness moderate growth during 2021-2026.
- On the basis of the product, the market has been divided into high fructose corn syrup (HFCS), fructose syrups and fructose solids.
- Based on the application, the market has been classified into beverages, processed foods, dairy products, bakery and confectionery, pharmaceuticals, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Archer-Daniels-Midland Company, Cargill Incorporated, DuPont de Nemours Inc., Galam Ltd., Ingredion Incorporated, Shijiazhuang Huaxu Pharmaceutical Co. Ltd, and Tate & Lyle Plc.
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