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Gluten Free Sugar Syrup Market Projected To Have USD 1.44 Billion By 2025 | Key Players – B&G Foods, Inc. MONIN INCORPORATED, Wholesome Sweeteners, Inc. CANADIAN ORGANIC MAPLE, Borger GmbH

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Gluten Free Sugar Syrup Market Projected To Have USD 1.44 Billion By 2025 | Key Players – B&G Foods, Inc. MONIN INCORPORATED, Wholesome Sweeteners, Inc. CANADIAN ORGANIC MAPLE, Borger GmbH

January 11
13:37 2020
Gluten Free Sugar Syrup Market Projected To Have USD 1.44 Billion By 2025 | Key Players - B&G Foods, Inc. MONIN INCORPORATED, Wholesome Sweeteners, Inc. CANADIAN ORGANIC MAPLE, Borger GmbH

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,The global gluten free sugar syrup market size is expected to reach USD 1.44 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.31% during the forecast period.

According to a report, “Gluten Free Sugar Syrup Market Size, Share & Trends Analysis Report By Product (Glucose, Maple, Corn), By Application (Industrial, Direct Human Consumption), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc, The global gluten free sugar syrup market size is expected to reach USD 1.44 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.31% during the forecast period. Major factor attributing the growth is the growing number of gluten intolerant people. Consumer awareness regarding healthy living lifestyle is also attributed to the growth. People are omitting gluten rich foods from their diets to avoid diseases like Irritable Bowel Syndrome (IBS) and celiac diseases among others. By 2018, more than 170 million global population was suffering from celiac diseases, driving consumers to opt for gluten free foods and beverages.

Glucose syrup category was valued to be the largest market accounting for 47.21% of the global market in 2018. It is used to help balance sweetness, enhance flavors, and extend shelf life. Some of the key glucose syrup manufacturers are Cargill, Incorporated, SWEET ADDITIONS, LLC, and Tate & Lyle. Maple syrup is the second largest segment in the global market. This is used as an ingredient in a packaged food or poured on pancakes or oatmeal. Quebec, Canada accounted for 71% of the global maple harvest due to its soil capacity.

The market is highly competitive in nature with the main players including MONIN INCORPORATED; Wholesome Sweeteners, Inc.; CANADIAN ORGANIC MAPLE; Börger GmbH; and Blue Ocean Biotech

Industrial category was valued to be the largest application by accounting over 60% of market share in 2018. Growing consumer awareness regarding gluten free foods is driving companies to use gluten free sugar syrup as an ingredient. Companies are expanding their product line for this category. For instance, The Coca Cola Company has introduced Coke Zero, Diet Coke, Coca-Cola Classic, and other gluten free products.

Direct human consumption category accounted for around 37.67% of the global gluten free sugar syrup market in 2018. It is used to prepare different dishes and cocktails. Under this category independent health store sub category is expected to expand at a CAGR of 8.72% from 2019 to 2025. Consumers prefer this independent health store category due to product varieties. Employee training programs to boost sales is anticipated to further drive the product demand over the forecast period. It has been observed that the U.S. base health stores are operating in online and offline markets to meet the customer demand, for instance, The Better Health Store, The Vitamin Shoppe, and others.

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North America is the largest consumer of gluten free sugar product. Around 3.5 million U.S. based consumers are gluten intolerant, driving the market growth. Consumer awareness about celiac disease and the rising trend of leading a healthy lifestyle is driving more people to consume gluten-free diet. Europe is expected to be the fastest growing market with a CAGR of 7.29% from 2019 to 2025. Growing consumer awareness about IBS is attributed to the regional growth.

The market is competitive in nature with the presence of many small and large brands. Some of the major companies are B&G Foods, Inc.; MONIN INCORPORATED; Wholesome Sweeteners, Inc.; CANADIAN ORGANIC MAPLE; Börger GmbH; Skinny Mix; Tereos; and others.

 U.S. gluten free sugar syrup market

Further key findings from the report suggest:

  • In product segment, corn syrup category is projected to ascend at a CAGR of 7.83% from 2019 to 2025

  • Glucose syrup product led with an overall market share of 47.21% in 2018

  • Industrial category was the largest application by accounting a market share of 62.33% in 2018

  • North America led the global gluten free sugar syrup market in 2018 with a market share of 41.3%

  • Growing consumer awareness regarding healthy lifestyle is driving the growth

  • Various manufacturers are concentrating on expanding their product line to increase their customer base

Application Insights

The industrial category was the largest application segment accounting for about 62.33% market share in 2018. Growing urbanization and consumer awareness about the benefits of gluten free diet is resulting in the development of industrial category. For instance, The Coca Cola Company has claimed that Diet Coke, Coke Zero, Coca-Cola Classic, and most other Coke beverages are gluten free and safe for celiac patients. Growing demand for gluten free fast foods is also driving the growth of this category. Under industrial category, bakery product accounted for around 39.51% of the industrial market. Many bakery stores are offering only gluten free products to get a separate customer base. For instance, Paris Gluten Free Market Place is one of the popular product supplier in Paris.

Global gluten free sugar syrup market

Direct human consumption category is expected to be the fastest growing market with a CAGR of 6.85% from 2019 to 2025. Some of the popular uses of this product are fruit preserves, fruit sauces, fruit toppings, and baked goods. Grocery store category contributes to the largest market share of about 68.58% in 2018 for the direct human consumption category. Consumer prefers to purchase from grocery stores due to the availability of stocks of different products. Due to bulk purchasing, grocery stores are able to sell the product on high discounts which attract customers to choose grocery stores over others. High demand for fresh product, especially among the consumers from North America and Europe is attributes to the market growth.

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Independent health stores is projected to be the fastest growing distribution channel with a CAGR of 8.72% from 2019 to 2025. Majority of urban consumers prefer purchasing from these stores due to the availability of different brands which helps them compare different products. Some of the key U.S. based independent health stores have entered into online segment to cater to the demand. For instance, The Better Health Store has entered into online and offline health store business to cater to the large customer base.

Grand View Research has segmented the global gluten free sugar syrup market on the basis of product, application, and region:

Gluten Free Sugar Syrup Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Glucose

  • Maple

  • Corn

  • Others

Gluten Free Sugar Syrup Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Industrial

    • Bakery Products

    • Beverages

    • Prepared Foods

    • Others

  • Direct Human Consumption

    • Grocery Store

    • Independent Health Stores

    • Club and Drug Stores

    • Others

Gluten Free Sugar Syrup Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

  • Middle East & Africa

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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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