Fructose Market: Global Industry Analysis and Forecast (2024-2030)
Fructose Market size was valued at USD 7.17 Bn. in 2023 and the total Fructose Market size is expected to grow at a CAGR of 5.3% from 2024 to 2030, reaching nearly USD 10.29 Bn. by 2030.
Format : PDF | Report ID : SMR_1985
Fructose Market Overview
Fructose has an atomic composition that is similar to that of glucose but its structure differs from that of glucose. The purpose of using it in food and beverages is to enhance their quality, flavor as well as feel. This is caused by the fact that this product has lower Glycemic Index (GI) than table sugar prompting an increase in its demand. Therefore, consumer knowledge on healthy eating behaviors will see the country record tremendously high growth rates. This phenomenon is the rise of lifestyle diseases like obesity and diabetes from which made it necessary to produce low-calorie sweeteners; hence igniting the high consumption of fructose as an alternative to regular sugar. Similarly, rising popularity of clean label product and natural ingredient trend has pushed up its demand within food and drink industry.
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Fructose Market Dynamics
Rising consumer health consciousness and increased demand for sugar substitutes
Demand for sugar substitutes like fructose, due to its calorie-free property, has been increased by rising consumer health consciousness and disposable income in developing nations. People with high blood sugar and diabetic patients prefer calorie-free sweetener; hence, the demand for the fructose market is on the rise. Continuous demand for fructose as a sweetener for different kinds of food products like bakery products, health drinks, juice, and confectionary of the food and beverage industry has gone a long way in fueling the demand for the global fructose market. Fructose sweetener is utilized as a non-caloric sweetener in a variety of food recipes, increasing the demand for the global fructose market from households and restaurants.
Increase in the Demand for Clean Label Products is Propelling the Market Growth.
According to the International Food Information Council, 64% of adults in the United States try to choose foods made with clean ingredients. Major companies are in search of clean label products due to the growing pressure to decrease the usage of artificial ingredients and strengthened restrictions on labeling, placing extra demands on brands worldwide, fueling the growth of the Fructose Market. Further, an increase in demand for fat-free, sugar-free, and low sugar confectionery products boosts the growth of the Fructose Market.
Health Implications may Hindered the growth of market.
Some people have difficulty digesting fructose in significant quantities. Others are not able to digest any amount of it. It is recommended that the affected persons monitor or limit their consumption of fructose. In the case of the rare genetic condition, known as hereditary fructose intolerance (HFI), they are required to completely avoid it. Patients suffering from hereditary fructose intolerance HFI are required to avoid taking foods and beverages containing fructose, sucrose, and the sugar alcohol sorbitol because their body is not in a position to metabolize the sugars. Government regulations about the use and labeling of products containing fructose may hinder market growth. High fructose corn syrup (HFCS) can cause gastrointestinal upsets such as gas and bloating. This is because it can be used as a nutrient by the endogenous gut bacteria that produce gas. A sure way of reducing gas in the body is to avoid eating foods that contain significant amounts of high-fructose corn syrup. Beverages like 100% fruit juice and water are recommended.
Fructose Market Segment Analysis
Based on Application, the global fructose market is segmented into Beverages, dairy products, bakery and cereals, Confectionary, and others.
The beverages segment holds the highest market share and is expected to grow significantly during the forecast period. Fructose is utilized as a sweetener in the food and beverage industry for juices, creams, energy drinks, soft drinks, and coffee. The rapid consumption of coffee globally is also contributing to this segment's market growth. Major companies that utilize fructose in their products include Coca-Cola, Tropicana, Pepsi, and other companies producing concentrates. Moreover, the processed food industry is rapidly innovating and developing. The growth of the segment's market is likely due to the rapid consumption of snacks, desserts, meals, and bakery products during the forecast period.
Fructose Market Regional insights:
North America is the largest global fructose market shareholder and is expected to increase substantially in the forecast period. The North American region accounted for more than 50% of the total market due to the presence of key players and the consumption of packaged food and beverages in the US and Canada. Concerning their metabolism and health effects, there has been controversy and confusion regarding fructose, sucrose, and HFCS. Such concerns have often stemmed from speculation based on limited data or animal studies.
The industry has also gained impetus from the wide intake of packaged beverages across the region, such as juices, sports drinks, and carbonated soft drinks. However, there is a visible trend of organic products being adapted among consumers of this region, which is expected to potentially pose a negative impact on product demand.
The Asia-Pacific region represents a very lucrative growth prospect for the fructose market over the forecast period. Fructose is becoming more affordable due to increased healthcare investment by the major players in the Asia-Pacific region. This shall bring up new business opportunities in the region that manufacture and distribute fructose. Asia-Pacific is in a rapid urbanization process, and with lifestyle changes, the dietary pattern also changes. There is an increased demand for convenience foods and beverages, along with the growth of the urban population. Fructose is a versatile sweetener to satisfy changing consumer preferences in various processed foods, drinks, and snacks. Fructose, as an added sweetener, enhances the taste of food and increases the shelf life of food products; hence, it has boosted the fructose market growth.
Fructose Market Competitive Landscape
- In March 2023, Tate & Lyle (UK) partnered with IMCD (Belgium) in Brazil, enhancing its distribution of sweeteners, fibers, starches, and stabilizing solutions. This expansion strengthened Tate & Lyle’s (UK) presence and accessibility in the Brazilian sweeteners market, fostering growth and market reach.
- In March 2023, USA Today published a report discussing if sugar substitutes were really as healthy as they claimed to be. The article pointed out that the researchers do not have a concrete or comforting answer to this question and it claimed that consuming sweetener in the long term is equal to signing up for an uncontrolled experiment
Fructose Market Scope
Fructose Market |
|
Market Size in 2023 |
USD 7.17 Bn. |
Market Size in 2030 |
USD 10.29 Bn. |
CAGR (2024-2030) |
5.3 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segments |
By Product
|
By Application
|
|
By Source
|
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – United Kingdom, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Fructose Market Key Players
- Archer Daniels Midland Company
- Cargill
- Tate & Lyle
- DuPont Nutrition
- Ingredion Incorporated
- Roquette Frères
- Gulshan Polyols Ltd.
- Shijiazhuang Huaxu Pharmaceuticals Co. Ltd.
- Galam Group
- Dancheng Caixin Sugar Industry Co. Ltd.
- Hebei Huaxu Pharmaceutical Co. Ltd.
- Xi'an Lishide Biotechnology Co. Ltd.
- Foodchem International Corporation
- Wuxi Cima Science Co. Ltd.
- Gremount International Company Limited
- Fooding Group Limited
- Golden Time Chemical (Shanghai) Co.Ltd.
- SSP Pvt. Ltd.
- The Fructose Company
- stevia hub
- XX Ltd
Frequently Asked Questions
Health Implications and high price are the restrain for Fructose Market.
Fructose Market size was valued at USD 7.17 Billion in 2023 and the total Fructose Market size is expected to grow at a CAGR of 5.3 % from 2024 to 2030, reaching nearly USD 10.29 Billion by 2030.
Segments Covered are based on By Products, By Application, By Source and by region.
1. Fructose Market: Research Methodology
2. Fructose Market: Executive Summary
3. Fructose Market: Competitive Landscape
4. Potential Areas for Investment
4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1. Market Leaders
4.4.2. Market Followers
4.4.3. Emerging Players
4.5. Consolidation of the Market
5. Fructose Market: Dynamics
5.1. Drivers
5.2. Restraints
5.3. Opportunities
5.4. Challenges
5.5. Market Trends by Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East and Africa
5.5.5. South America
5.6. Market Drivers by Region
5.6.1. North America
5.6.2. Europe
5.6.3. Asia Pacific
5.6.4. Middle East and Africa
5.6.5. South America
5.7. Market Restraints
5.8. Market Opportunities
5.9. Market Challenges
5.10. PORTER’s Five Forces Analysis
5.11. PESTLE Analysis
5.12. Strategies for New Entrants to Penetrate the Market
5.13. Analysis of Government Schemes and Initiatives for the Fructose Industry
5.14. Regulatory Landscape by Region
5.14.1. North America
5.14.2. Europe
5.14.3. Asia Pacific
5.14.4. Middle East and Africa
5.14.5. South America
6. Fructose Market Size and Forecast by Segments (by Value Units)
6.1.1. Fructose Market Size and Forecast, by Product (2023-2030)
6.1.1.1. High Fructose Corn Syrup
6.1.1.2. Fructose Syrups
6.1.1.3. Fructose Solids
6.1.2. Fructose Market Size and Forecast, by Application (2023-2030)
6.1.2.1. Beverages
6.1.2.2. Dairy Products
6.1.2.3. Confectionery
6.1.2.4. Bakery & Cereals
6.1.2.5. Others
6.1.3. Fructose Market Size and Forecast, by Source (2023-2030)
6.1.3.1. Sugarcane
6.1.3.2. Sugar Beet
6.1.3.3. Corn
6.1.3.4. Vegetables
6.1.3.5. Fruits
6.1.4. Fructose Market Size and Forecast, by region (2023-2030)
6.1.4.1. North America
6.1.4.2. Europe
6.1.4.3. Asia Pacific
6.1.4.4. Middle East and Africa
6.1.4.5. South America
7. North America Fructose Market Size and Forecast (by value Units)
7.1. North America Fructose Market Size and Forecast, by Type (2023-2030)
7.1.1. High Fructose Corn Syrup
7.1.2. Fructose Syrups
7.1.3. Fructose Solids
7.2. North America Fructose Market Size and Forecast, by Application (2023-2030)
7.2.1. Beverages
7.2.2. Processed Foods
7.2.3. Dairy Products
7.2.4. Confectionary
7.2.5. Bakery & Cereals
7.2.6. Others
7.3. North America Fructose Market Size and Forecast, by Source (2023-2030)
7.3.1. Sugarcane
7.3.2. Sugar Beet
7.3.3. Corn
7.3.4. Vegetables
7.3.5. Fruits
7.4. North America Fructose Market Size and Forecast, by Country (2023-2030)
7.4.1. United States
7.4.2. Canada
7.4.3. Mexico
8. Europe Fructose Market Size and Forecast (by Value Units)
8.1. Europe Fructose Market Size and Forecast, by Type (2023-2030)
8.1.1. High Fructose Corn Syrup
8.1.2. Fructose Syrups
8.1.3. Fructose Solids
8.2. Europe Fructose Market Size and Forecast, by Application (2023-2030)
8.2.1. Beverages
8.2.2. Dairy Products
8.2.3. Confectionary
8.2.4. Bakery & Cereals
8.2.5. Others
8.3. Europe Fructose Market Size and Forecast, by Source (2023-2030)
8.3.1. Sugarcane
8.3.2. Sugar Beef
8.3.3. Corn
8.3.4. Vegetables
8.3.5. Fruits
8.4. Europe Fructose Market Size and Forecast, by Country (2023-2030)
8.4.1. UK
8.4.2. France
8.4.3. Germany
8.4.4. Italy
8.4.5. Spain
8.4.6. Sweden
8.4.7. Russia
8.4.8. Rest of Europe
9. Asia Pacific Fructose Market Size and Forecast (by Value Units)
9.1. Asia Pacific Fructose Market Size and Forecast, by Type (2023-2030)
9.1.1. High Fructose Corn Syrup
9.1.2. Fructose Syrups
9.1.3. Fructose Solids
9.2. Asia Pacific Fructose Market Size and Forecast, by Application (2023-2030)
9.2.1. Beverages
9.2.2. Dairy Products
9.2.3. Confectionary
9.2.4. Bakery & Cereals
9.2.5. Others
9.3. Asia Pacific Fructose Market Size and Forecast, by Source (2023-2030)
9.3.1. Sugarcane
9.3.2. Sugar Beef
9.3.3. Corn
9.3.4. Vegetables
9.3.5. Fruits
9.4. Asia Pacific Fructose Market Size and Forecast, by Country (2023-2030)
9.4.1. China
9.4.2. S Korea
9.4.3. Japan
9.4.4. India
9.4.5. Australia
9.4.6. ASEAN
9.4.7. Rest of Asia Pacific
10. Middle East and Africa Fructose Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Fructose Market Size and Forecast, by Type (2023-2030)
10.1.1. High Fructose Corn Syrup
10.1.2. Fructose Syrups
10.1.3. Fructose Solids
10.2. Middle East and Africa Pool Tables Market Size and Forecast, by Application (2023-2030)
10.2.1. Beverages
10.2.2. Dairy Products
10.2.3. Confectionary
10.2.4. Bakery & Cereals
10.2.5. Others
10.3. Middle East and Africa Fructose Market Size and Forecast, by Source (2023-2030)
10.3.1. Sugarcane
10.3.2. Sugar Beef
10.3.3. Corn
10.3.4. Vegetables
10.3.5. Fruits
10.4. Middle East and Africa Fructose Market Size and Forecast, by Country (2023-2030)
10.4.1. South Africa
10.4.2. GCC
10.4.3. Egypt
10.4.4. Rest of ME&A
11. South America Fructose Market Size and Forecast (by Value Units)
11.1. South America Fructose Market Size and Forecast, by Type (2023-2030)
11.1.1. High Fructose Corn Syrup
11.1.2. Fructose Syrups
11.1.3. Fructose Solids
11.1.4. Fish
11.1.5. Others
11.2. South America Fructose Market Size and Forecast, by Application (2023-2030)
11.2.1. Beverage
11.2.2. Dairy Products
11.2.3. Confectionary
11.2.4. Bakery & Cereals
11.2.5. Others
11.3. South America Fructose Market Size and Forecast, by Source (2023-2030)
11.3.1. Sugarcane
11.3.2. Sugar Beef
11.3.3. Corn
11.3.4. Vegetables
11.3.5. Fruits
11.4. South America Fructose Market Size and Forecast, by Country (2023-2030)
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Rest of South America
12. Company Profile: Key players
12.1. The Archer Daniel Midland
12.1.1. Company Overview
12.1.2. Financial Overview
12.1.3. Business Portfolio
12.1.4. SWOT Analysis
12.1.5. Business Strategy
12.1.6. Recent Developments
12.2. Cargill
12.3. Tate & Lyle
12.4. DuPont Nutrition
12.5. Ingredion Incorporated
12.6. Roquette Frères
12.7. Gulshan Polyols Ltd.
12.8. Shijiazhuang Huaxu Pharmaceuticals Co. Ltd.
12.9. Galam Group
12.10. Dancheng Caixin Sugar Industry Co. Ltd.
12.11. Hebei Huaxu Pharmaceutical Co. Ltd.
12.12. Xi'an Lishide Biotechnology Co. Ltd.
12.13. Foodchem International Corporation
12.14. Wuxi Cima Science Co. Ltd.
12.15. Gremount International Company Limited
12.16. Fooding Group Limited
12.17. Golden Time Chemical (Shanghai) Co.Ltd.
12.18. SSP Pvt. Ltd.
12.19. The Fructose Company
12.20. stevia hub
12.21. XX Ltd
13. Key Findings
14. Industry Recommendation