The new report by Expert Market Research titled, ‘Global High Maltose Syrups Market Size Report and Forecast 2023-2028’, gives an in-depth analysis of the global high maltose syrups market, assessing the market based on its segments like sources, concentrations, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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High Maltose Syrups Market Share, Size, Trends, Industry Reports, Key Players, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): volume of 3.7 million tons
- Forecast CAGR (2023-2028): 1.5%
The increasing demand for bakery, soft drinks, and soft candies, and the growing popularity of confectionery products owing to the increasing population and rising disposable income, is driving the market for high maltose syrups.
Moreover, the increasing demand for gluten-free and natural products owing to the increasing health awareness is anticipated to providing impetus to the market growth of high maltose syrups. High maltose syrups are also crucial in the production of alcoholic beverages.
In this regard, the increasing demand for wine and beer is likely to spearhead the market in the coming years. Geographically, the Asia Pacific accounts for a significant share in the market owing to the growing demand for low sugar and healthy food and beverages by the rising health-conscious population.
High Maltose Syrups Market Industry Definition and Major Segments
High maltose syrups are the syrups that are manufactured by treating low-DE syrup with B-amylase or a combination of pollulanase. High maltose syrups contain 48-52% w/w maltose and glucose less than 5% w/w. Moreover, they contain maltose as their primary carbohydrate constituent. High maltose syrups are widely used in sweeteners and preservatives.
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On the basis of source, the market is bifurcated into:
• Natural
o Corn
o Sweet Potatoes
o Waxy Barley
o Rice Starch
o Others
• Chemical
o β-amylase
o Fungal α-amylase
Based on concentration, the market is segmented into:
• High Concentrated
• Very High Concentrated
The market, based on end use, can be segmented into:
• Beverages
• Brewing Industry
• Food
• Confectionery
• Others
The regional markets for high maltose syrups include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
High Maltose Syrups Market Trends
The key trends in the market for high maltose syrups include the growing R&D activities in the pharmaceutical industry owing to the increasing use of high maltose syrups in several oral medicinal preparations such as tablets, syrups, and suspensions, which is anticipated to accelerate the demand for high maltose syrups.
The thriving e-commerce industry is likely to further propelling the demand for high maltose syrups. The growing sales of dairy and frozen desserts from online delivery apps is also expected to support the market for high maltose syrups.
Furthermore, the cost-effectiveness of high maltose syrups makes them ideal for use in various food and beverage products, which is likely to aid the market.
Key Market Players
The major players in the market are :
- Cargill, Incorporated
- Meelunie B.V.
- Nectafresh Agro Foods
- Austrade Inc
- others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
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