Reduced Starch Syrup Market - Forecast(2024 - 2030)

Report Code: FBR 51135 Report Format: PDF + Excel

Reduced Starch Syrup Market Overview

Global Reduced Starch Syrup Market size is estimated to reach $6.7 billion by 2027, growing at a CAGR of 3.4% during the forecast period 2022-2027. Reduced starch syrup can be delineated as a syrup with low viscosity and glucose content which is produced through hydrolysis of starchy material with the alpha-amylase enzyme. The hydrolyzation reduces the sugar per gram by subjecting starch to split its chains. It is normally used as a sugar replacers in various food items, confectionary products, and beverages. It plays versatile roles in food preparation such as stabilizer, thickener, and sweetener. The reduced starch syrup is also used as a substitute for corn syrups by combining it with sweeteners of high intensity. Reduced starch syrups are helps promotes body function by preventing digestion problems. The augmenting demand for natural sweeteners in the food and beverage industry, heightening trend of confectionary and beverage consumption, growing inclination of people toward healthy food options as chronic illnesses are spiking, changing tastes and preferences, and surging GDP per capita income of developing countries are factors set to drive the growth of the Global Reduced Starch Syrup Market for the period 2022-2027.

Report Coverage

The report: “Global Reduced Starch Syrup Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Reduced Starch Syrup Market.

By Type: Maltose syrup, Low-saccharified syrup, and Others.
By Application: Confectionery, Ice creams, Dairy products, Jams, animal feed, Cosmetic composition, and Others.
By End User: Foodservice providers and Food Industry.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).

Key Takeaways

  • Geographically, the Europe Reduced Starch Syrup Market accounted for the highest revenue share in 2021. The growth is owing to gigantic confectionery consumption, quality lifestyles, and high GDP per capita incomes.
  • Versatile functional properties, and easy incorporation is said to be preeminent driver driving the growth of the Global Reduced Starch Syrup Market. Adversely impacted production because of the COVID-19 is said to reduce the market growth.
  • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Reduced Starch Syrup Market report.

Global Reduced Starch Syrup Market Share, by Geography (%), 2021

Global Reduced Starch Syrup Market Share

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Reduced Starch Syrup Market Segment Analysis-By Applications

The Global Reduced Starch Syrup Market based on the basis of applications can be further segmented into Confectionery, Dairy products, Jams, animal feed, a cosmetic composition, and Others. The confectionery segment held the largest share in 2021. The growth is owing to the growing trend of confectionery consumption across the continents. Starch syrups play a vital role as a sweetener in the preparation of various confectionery items such as cakes, pastries, desserts, and others. It is also considered during the production of candies and lollypops. Also, growing health awareness among people has forced manufacturers to avoid unhealthy sweetening agents and opt for healthy options. Moreover, confectionery is estimated to be the fastest-growing segment with a CAGR of 4.5% over the forecast period 2022-2027. Besides confectionery, the reduced starch syrup is used in the food industry as a thickening agent. Therefore, the growing cuisine culture is providing fairgrounds for the aforementioned market.

Reduced Starch Syrup Market Segment Analysis-By End-User

The Global Reduced Starch Syrup Market based on end-user can be further segmented into Foodservice providers and Food Industry. The food industry segment held the largest share in 2021. Unlike food service providers, the food industry uses the reduced starch syrup in large quantities as they produce various food items in bulk. Moreover, during the COVID-19 outbreak, the majority of foodservice providers were forced to shut their services. Moreover, the food industry along with foodservice providers is estimated to be the fastest-growing segment with a CAGR of 4.6% over the forecast period 2022-2027. This growth is owing to the re-entry of restaurant, hotels, and other hospitality venues in business as infection rates is curbing and governments have relaxed the restrictions. In addition to that, as the pandemic is coming to an end, people are making more demand for goods and services; therefore, to meet the surging demand companies have ramped up their production activities.

Reduced Starch Syrup Market Segment Analysis-By Geography

The Global Reduced Starch Syrup Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Europe held the largest share with 38% of the overall market in 2021. The growth in this segment is owing to the factors such as humungous confectionery consumption. Confectioneries are an inextricable part of people's lives in Europe. For instance, in 2021 with 11 kg per capita consumption Germany was the biggest chocolate consumer worldwide; whereas, Switzerland holds the second position with nearly 9.7 kg per capita consumption. The higher purchasing power in the hands of the consumers and quality lifestyles are prominent factors behind propelling the reduced syrup market in the said region. However, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to enormous population, growing production because of ease of doing business in several developing countries, western influence, augmenting economic prosperity, and improving quality of lifestyles.

Reduced Starch Syrup Market Drivers

Improving living standards in developing countries and mounting GDP per capita incomes are anticipated to boost market demand

The gross domestic product per capita in the US is over $55,000; whereas, the majority of European countries like Ireland, Norway, Denmark, San Marino, Netherlands have GDP per capita of over $60,000. Therefore, people in these wealthy regions of the world enjoy better lifestyles compared to anywhere in the world. As a result, they make more demand for confectioneries and various food items. In addition to that, the rising economic affluence of major developing countries like China, Indonesia, and India is adding to the market. For instance, in 2021 China’s GDP per capita income crossed the $10,000 mark and reached $12,551. In addition to that, the country declared itself free from extreme poverty.

Rapid migration of people toward cities and the strengthening retail chain are expected to boost market demand

Rural areas may be the epitome of idyll, fresh air, and peace but it can’t be denied that they don’t provide adequate growth opportunities to individuals because of a lack of infrastructure and industrialization. As a result, every year millions flee their homes and migrate to cities to find better jobs and lead happy life. Moreover, in cities, they get all-weather access to confectioneries made from reduced starch syrup. Moreover, it becomes easy for companies to target their audience with innovative marketing strategies. According to a report, in 2021 nearly 4.46 billion people were living in cities, and the number is anticipated to reach 6.8 billion by 2050. On another hand, better retail infrastructure and the across-the-board presence of hospitality venues in urban areas have a reasonable contribution to propelling the growth of the aforementioned market.

Reduced Starch Syrup Market Challenges

Hampered production because of COVID, and overwhelming job loss are anticipated to hamper the market growth

The staggering pervasiveness of the COVID-19 infections subjected governments around the globe to implement several restrictions aimed at curbing the spread. As a result, it created a huge gap between demand and supply and adversely impacted the companies’ operations. For instance, many factory workers lost their jobs, employees were fired, and several choose voluntary resignation. In the second quarter of 2020, working hours decreased 15.7 percent in the Asia-Pacific region; whereas, around 8.8 percent of global working hours get squandered in 2020 as compared to the fourth quarter of 2019. Additionally, unemployment rates soared in developing countries like India as a report claimed that nearly 1.5 million lost their jobs in august 2021.

Reduced Starch Syrup Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Global Reduced Starch Syrup market top 10 companies include-

1. Gulshan Polyols Ltd
2. Manildra Group
3. Tate & Kyle Plc
4. Aston Group
5. Cargill Inc
6. Egyptian Starch and Glucose
7. Tongaat Hulett Starch
8. Tereos
9. KASYAP
10. Others

Recent Developments

  • On September 1, 2021, Minnesota, United States-based food company “Cargill” publicized the successful acquisition of Singapore-based Aalst Chocolate (a company known for its gourmet and industrial chocolate manufacturing) The transaction has supplemented the Cargill footprints in the Asian market.
  • On August 9, 2021, Cargill (a US-based food corporation) publicized the successful acquisition of Sanderson farms from New York, United States-based “Continental Grain Company.” A payment of $4.53 billion ($203 per share) was made by Cargill in order to bring the acquisition to a close.
  • On February 10, 2021, London, United Kingdom-based well-known food and beverage company “Tate & Kyle” announced that it has successfully acquired majority stakeholding (85 percent) in Thailand-based company Chaodee Modified Starch (a firm that operates in starch manufacturing). The acquisition is anticipated to strengthen Tate & Kyle’s tapioca-based systems.

Relevant Links:

Food Colors Market Analysis – Forecast (2022 - 2027)

Report Code: FBR 0059

Starch Derivatives Market – Forecast (2022 - 2027)

Report Code: FBR 0044

India Corn Starch Market – Forecast (2022 - 2027)

Report Code: FBR 0391 

For more Food and Beverage Market reports, please click here
1. Reduced Starch Syrup Market Overview
    1.1 Definitions and Scope
2. Reduced Starch Syrup Market - Executive Summary
3. Reduced Starch Syrup Market– Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis-Global
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Reduced Starch Syrup Market– Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Reduced Starch Syrup Market– Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index-Global
    5.3 Case Studies of Successful Ventures
6. Reduced Starch Syrup Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Reduced Starch Syrup Market– By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Reduced Starch Syrup Market - By Type (Market Size –$Million/$Billion) 
    8.1 Maltose syrup
    8.2 Low-saccharified syrup
    8.3 Others
9. Reduced Starch Syrup Market – By Applications (Market Size –$Million/$Billion) 
    9.1 Confectionery
    9.2 Ice creams
    9.3 Dairy products
    9.4 Jams
    9.5 Animal feed
    9.6 Cosmetic composition
    9.7 Others.
10. Reduced Starch Syrup Market – By End User (Market Size –$Million/$Billion) 
    10.1 Foodservice providers
    10.2 Food Industry
11. Reduced Starch Syrup Market- By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico  
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 UK
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific 
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Rest of South America
    11.5 Rest of World
        11.5.1 Middle East
        11.5.2 Africa
12. Reduced Starch Syrup Market- Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Reduced Starch Syrup Market– Industry Competition Landscape (Premium)
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key Companies
        13.1.3 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Reduced Starch Syrup Market– Key Company List by Country Premium (Premium)
15. Reduced Starch Syrup Market- Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies*"

LIST OF TABLES

1.Global Key Manufacturers Market 2023-2030 ($M)
1.1 Cargill Inc. Market 2023-2030 ($M) - Global Industry Research
1.2 Tereos Market 2023-2030 ($M) - Global Industry Research
1.3 ian Starch and Glucose Market 2023-2030 ($M) - Global Industry Research
1.4 ASTON Group Market 2023-2030 ($M) - Global Industry Research
1.5 Tate Lyle Market 2023-2030 ($M) - Global Industry Research
1.6 KASYAP Market 2023-2030 ($M) - Global Industry Research
1.7 Gulshan Polyols Ltd. Market 2023-2030 ($M) - Global Industry Research
1.8 MANILDRA Group Market 2023-2030 ($M) - Global Industry Research
2.Global Market by Type Market 2023-2030 ($M)
2.1 Liquid Glucose Market 2023-2030 ($M) - Global Industry Research
2.2 Glucose Market 2023-2030 ($M) - Global Industry Research
2.3 Fructose Syrup Market 2023-2030 ($M) - Global Industry Research
2.4 Maltose Syrup Market 2023-2030 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2023-2030 (Volume/Units)
3.1 Cargill Inc. Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Tereos Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 ian Starch and Glucose Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 ASTON Group Market 2023-2030 (Volume/Units) - Global Industry Research
3.5 Tate Lyle Market 2023-2030 (Volume/Units) - Global Industry Research
3.6 KASYAP Market 2023-2030 (Volume/Units) - Global Industry Research
3.7 Gulshan Polyols Ltd. Market 2023-2030 (Volume/Units) - Global Industry Research
3.8 MANILDRA Group Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2023-2030 (Volume/Units)
4.1 Liquid Glucose Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Glucose Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Fructose Syrup Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Maltose Syrup Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2023-2030 ($M)
5.1 Cargill Inc. Market 2023-2030 ($M) - Regional Industry Research
5.2 Tereos Market 2023-2030 ($M) - Regional Industry Research
5.3 ian Starch and Glucose Market 2023-2030 ($M) - Regional Industry Research
5.4 ASTON Group Market 2023-2030 ($M) - Regional Industry Research
5.5 Tate Lyle Market 2023-2030 ($M) - Regional Industry Research
5.6 KASYAP Market 2023-2030 ($M) - Regional Industry Research
5.7 Gulshan Polyols Ltd. Market 2023-2030 ($M) - Regional Industry Research
5.8 MANILDRA Group Market 2023-2030 ($M) - Regional Industry Research
6.North America Market by Type Market 2023-2030 ($M)
6.1 Liquid Glucose Market 2023-2030 ($M) - Regional Industry Research
6.2 Glucose Market 2023-2030 ($M) - Regional Industry Research
6.3 Fructose Syrup Market 2023-2030 ($M) - Regional Industry Research
6.4 Maltose Syrup Market 2023-2030 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2023-2030 ($M)
7.1 Cargill Inc. Market 2023-2030 ($M) - Regional Industry Research
7.2 Tereos Market 2023-2030 ($M) - Regional Industry Research
7.3 ian Starch and Glucose Market 2023-2030 ($M) - Regional Industry Research
7.4 ASTON Group Market 2023-2030 ($M) - Regional Industry Research
7.5 Tate Lyle Market 2023-2030 ($M) - Regional Industry Research
7.6 KASYAP Market 2023-2030 ($M) - Regional Industry Research
7.7 Gulshan Polyols Ltd. Market 2023-2030 ($M) - Regional Industry Research
7.8 MANILDRA Group Market 2023-2030 ($M) - Regional Industry Research
8.South America Market by Type Market 2023-2030 ($M)
8.1 Liquid Glucose Market 2023-2030 ($M) - Regional Industry Research
8.2 Glucose Market 2023-2030 ($M) - Regional Industry Research
8.3 Fructose Syrup Market 2023-2030 ($M) - Regional Industry Research
8.4 Maltose Syrup Market 2023-2030 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2023-2030 ($M)
9.1 Cargill Inc. Market 2023-2030 ($M) - Regional Industry Research
9.2 Tereos Market 2023-2030 ($M) - Regional Industry Research
9.3 ian Starch and Glucose Market 2023-2030 ($M) - Regional Industry Research
9.4 ASTON Group Market 2023-2030 ($M) - Regional Industry Research
9.5 Tate Lyle Market 2023-2030 ($M) - Regional Industry Research
9.6 KASYAP Market 2023-2030 ($M) - Regional Industry Research
9.7 Gulshan Polyols Ltd. Market 2023-2030 ($M) - Regional Industry Research
9.8 MANILDRA Group Market 2023-2030 ($M) - Regional Industry Research
10.Europe Market by Type Market 2023-2030 ($M)
10.1 Liquid Glucose Market 2023-2030 ($M) - Regional Industry Research
10.2 Glucose Market 2023-2030 ($M) - Regional Industry Research
10.3 Fructose Syrup Market 2023-2030 ($M) - Regional Industry Research
10.4 Maltose Syrup Market 2023-2030 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2023-2030 ($M)
11.1 Cargill Inc. Market 2023-2030 ($M) - Regional Industry Research
11.2 Tereos Market 2023-2030 ($M) - Regional Industry Research
11.3 ian Starch and Glucose Market 2023-2030 ($M) - Regional Industry Research
11.4 ASTON Group Market 2023-2030 ($M) - Regional Industry Research
11.5 Tate Lyle Market 2023-2030 ($M) - Regional Industry Research
11.6 KASYAP Market 2023-2030 ($M) - Regional Industry Research
11.7 Gulshan Polyols Ltd. Market 2023-2030 ($M) - Regional Industry Research
11.8 MANILDRA Group Market 2023-2030 ($M) - Regional Industry Research
12.APAC Market by Type Market 2023-2030 ($M)
12.1 Liquid Glucose Market 2023-2030 ($M) - Regional Industry Research
12.2 Glucose Market 2023-2030 ($M) - Regional Industry Research
12.3 Fructose Syrup Market 2023-2030 ($M) - Regional Industry Research
12.4 Maltose Syrup Market 2023-2030 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2023-2030 ($M)
13.1 Cargill Inc. Market 2023-2030 ($M) - Regional Industry Research
13.2 Tereos Market 2023-2030 ($M) - Regional Industry Research
13.3 ian Starch and Glucose Market 2023-2030 ($M) - Regional Industry Research
13.4 ASTON Group Market 2023-2030 ($M) - Regional Industry Research
13.5 Tate Lyle Market 2023-2030 ($M) - Regional Industry Research
13.6 KASYAP Market 2023-2030 ($M) - Regional Industry Research
13.7 Gulshan Polyols Ltd. Market 2023-2030 ($M) - Regional Industry Research
13.8 MANILDRA Group Market 2023-2030 ($M) - Regional Industry Research
14.MENA Market by Type Market 2023-2030 ($M)
14.1 Liquid Glucose Market 2023-2030 ($M) - Regional Industry Research
14.2 Glucose Market 2023-2030 ($M) - Regional Industry Research
14.3 Fructose Syrup Market 2023-2030 ($M) - Regional Industry Research
14.4 Maltose Syrup Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
2.Canada Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
3.Mexico Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
4.Brazil Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
5.Argentina Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
6.Peru Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
7.Colombia Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
8.Chile Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
10.UK Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
11.Germany Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
12.France Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
13.Italy Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
14.Spain Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
16.China Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
17.India Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
18.Japan Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
19.South Korea Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
20.South Africa Global Reduced Starch Syrup Market Revenue, 2023-2030 ($M)
21.North America Global Reduced Starch Syrup By Application
22.South America Global Reduced Starch Syrup By Application
23.Europe Global Reduced Starch Syrup By Application
24.APAC Global Reduced Starch Syrup By Application
25.MENA Global Reduced Starch Syrup By Application