Global Gluten-Free Sugar Syrup Market Size to Increase at a CAGR of 5.3% in the Forecast Period of 2022-2027
The ‘Global Gluten-Free Sugar Syrup Market Size, Report and Forecast 2022-2027’ by Expert Market Research, gives an extensive analysis of the global gluten-free sugar syrup market. The report examines the market according to its segments like product type, application, and major regions.
Gluten-Free Sugar Syrup Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 1.05 billion
• Forecast CAGR (2022-2027): 5.3%
• Forecast Market Size (2027): USD 1.47 billion
|Market Size in 2021||USD 1.05 billion|
|Revenue Forecast in 2027||USD 1.47 billion|
|Growth Rate CAGR||5.3%|
|Major Players||B&G Foods Inc., Monin Incorporated, Canadian Organic Maple Co. Ltd, Skinny Mixes, others|
One of the key regions in the global gluten-free sugar syrup market is predicted to be North America. Due to an increasing consumer awareness and wiliness to spend more for a healthy lifestyle, the market is expected to propel in the future.
Fuelled by growing consumer health awareness, Europe is predicted to have a high CAGR. For its numerous health advantages, a big portion of the public is switching to a gluten-free diet. The rise is attributed to the large population of gluten intolerance sufferers in the United Kingdom. As a result of its many health advantages, the gluten-free sugar syrup market is expected to see a high demand.
Gluten-Free Sugar Syrup Industry Definition and Major Segments
A sugar syrup that is free of gluten is known as gluten-free sugar syrup. Sugar syrup can be made using any sweetener or carbohydrate, including glucose, fructose, or sucrose, which are all obtained from corn or wheat starch. Many gluten-free delicacies, like fudge and chocolate bars, among others, are made with syrups.
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Based on product type, the gluten-free sugar syrup market is categorised into:
• Glucose Syrup
• Maple Syrup
• Corn Syrup
According to application, the market is segmented into:
• Bakery Products
• Prepared Foods
• Direct Human Consumption
• Grocery Store
• Club and Drug Stores
The major regional markets include:
• North America
• Middle East and Africa
• Latin America
Gluten-Free Sugar Syrup Market Trends
The demand for gluten-free sugar syrup products is being driven by rising consumer knowledge of the high prevalence of various ailments and the adoption of healthy eating habits. Over the past few years, the market for gluten-free sugar syrup has benefited from the rapidly expanding consumer awareness of the benefits of a healthy lifestyle.
The use of gluten-free goods has a number of positive health effects. The global gluten-free sugar syrup market is expanding as consumers desire healthier sweets and candies. End-user groups are choosing a gluten-free diet to protect themselves from celiac disease and irritable bowel syndrome (IBS).
The needs from the online food and beverage market are quickly growing as a result of numerous health awareness campaigns and easy access to information. Due to their widespread awareness, urban residents make up the majority of these products consumers. Urban customers consume bakery and confectionery products on a regular basis due to their busy lifestyles, which has prompted manufacturers to introduce cutting-edge gluten-free products.
Key Market Players
The major players in the global gluten-free sugar syrup market report include:
- B&G Foods Inc.
- Monin Incorporated
- Canadian Organic Maple Co. Ltd
- Skinny Mixes
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
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