Fructose Global Market Report 2024

Fructose, a monosaccharide present in fruits, vegetables, honey, and certain plants, is a significant component in the food and beverage industry. The fructose industry encompasses establishments that extract fructose from diverse raw materials, including sugarcane, sugar beet, and corn. These sources are utilized as sweeteners due to their high sweetness relative to other alternatives and cost-effectiveness. Fructose is accessible in two primary forms: pure crystalline form and as part of various syrups.

The key product categories within the fructose market include high fructose corn syrup, fructose syrups, and fructose solids. High fructose corn syrup, a specific type of fructose, is obtained from corn starch and potatoes, typically containing a fructose composition ranging from 40% to 55%. Fructose is derived from diverse sources such as sugarcane, sugar beet, corn, fruits, and vegetables. Its versatile applications span across various industries, including dairy products, baked goods, beverages, cosmetics and personal care, sports nutrition, drug formulations, and others.

The fructose market research report is one of a series of new reports from The Business Research Company that provides fructose market statistics, including fructose industry global market size, regional shares, competitors with a fructose market share, detailed fructose market segments, market trends and opportunities, and any further data you may need to thrive in the fructose industry. This fructose market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fructose market size has grown strongly in recent years. It will grow from $5.64 billion in 2023 to $6.01 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The expansion during the historical period can be credited to the consumption in the food and beverage industry, the increasing awareness of health and wellness, the growth of the high-fructose corn syrup (HFCS) market, the escalation in global obesity rates, and the heightened utilization in pharmaceutical and nutraceutical products.

The fructose market size is expected to see strong growth in the next few years. It will grow to $7.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The expansion anticipated in the forecast period can be ascribed to the increasing demand for natural sweeteners, the proliferation of clean label and organic trends, the utilization in functional foods and beverages, innovation in low-glycemic index products, and the growing use in sports nutrition products. Significant trends in the forecast period encompass progress in food processing technologies, a rising demand for low-calorie sweeteners, expanding applications in pharmaceuticals, the increasing popularity in sports and energy drinks, and regional growth in Asia-Pacific.

The anticipated growth of the fructose market in the future is expected to be propelled by the increasing demand for beverages. Beverages, referring to drinks specifically prepared for consumption, encompass a wide variety of liquid refreshments intended for human consumption. Fructose plays a significant role in various beverages as a sweetener, providing a quick source of energy, taste appeal, and a smaller, slower impact on blood sugar levels. Additionally, it contributes to flavor enhancement, stability, and can extend the shelf life of certain beverages, ensuring they maintain their quality over time. For example, a report shared by Common Thread Collective, a U.S.-based e-commerce growth agency, in April 2022, highlighted that global food and beverage sales were $435.3 billion in 2021, and in 2022, it reached $506 billion. The projection indicates an expected increase to $857 billion by 2025. Therefore, the rising demand for beverages is driving the growth of the fructose market.

The expected growth of the fructose market in the future is anticipated to be propelled by the growing health consciousness among individuals. Health consciousness refers to the degree to which individuals are concerned about and actively take steps to maintain their physical and mental well-being. Fructose plays a crucial role in healthy diets by providing sweetness without relying on artificial sweeteners and contains fiber, vitamins, and minerals, making it a healthy choice for most people. For example, a survey conducted by Public Health England in January 2021, involving 5,000 adults, revealed that approximately 80% of adults over 18 have decided to adopt a healthy lifestyle, with 40% opting to eat healthily. Therefore, the increasing health consciousness among individuals is driving the growth of the fructose market.

Major players in the fructose market are directing their attention towards investments to gain a competitive advantage. The purpose of this investment is to address the growing demand for corn syrup, reduce its environmental impact, and enhance their position in the global food and beverage industry through the acquisition of a sustainable corn syrup factory. For example, in August 2022, Cargill Inc., a US-based company operating in the food and agriculture sectors, announced an investment exceeding $50 million. The new corn syrup refinery will employ energy-efficient technologies and processing methods and will be located on land. In comparison to conventional corn syrup production methods, the new facility is expected to decrease CO2 emissions by approximately 50%. The addition of the new corn syrup refinery will fortify Cargill's supply network, ensuring that consumers have a reliable and high-quality source of corn syrup.

Major corporations engaged in the fructose market are placing a strategic emphasis on innovative products such as fructose fuel to boost their market revenues. Fructose Fuel refers to biofuels derived from fructose-rich sources such as fruits, sugarcane, or corn. These biofuels are manufactured using various processes, including fermentation and thermal conversion. For instance, in July 2023, INFINIT Nutrition, a US-based provider of natural customizable supplements, introduced PREMIUM Fructose Fuel. This scientifically formulated sports drink mix is tailored for endurance athletes seeking to optimize performance during extended workouts and races. PREMIUM Fructose Fuel contains either 90 or 120 grams of carbohydrates per serving, a notable increase compared to most other sports drinks. The 2:1 glucose-to-fructose ratio in PREMIUM Fructose Fuel is designed to enhance carbohydrate absorption and utilization.

In July 2021, KPS Capital Partners, a US-based investment firm, completed the acquisition of Tate & Lyle for $1.3 billion. Pursuant to this agreement, a newly established entity will be jointly owned, with both Tate & Lyle and KPS Capital Partners holding a 50% stake. The focus of this newly formed enterprise will be on manufacturing plant-based products targeting the food and industrial sectors. Tate & Lyle, a UK-based company known for producing sweeteners and food and beverage ingredients, is a key player in this strategic partnership.

Major companies operating in the fructose market report are Cargill Corporation, Archer Daniels Midland Company, Ajinomoto Co. Inc., Kerry Group, Ingredion Incorporated, DuPont Nutrition & Biosciences, Roquette Freres, AGRANA Beteiligungs AG, Tate & Lyle PLC, Showa Sangyo Co. Ltd., The Agrana Group, Xiwang Group Company Limited, NOW Foods., Global Sweeteners Holdings, Galam Ltd., Atlantic Chemicals Trading, Danisco A/S, Farbest Brands, Bell Chem, Shijiazhuang Huaxu Pharmaceutical Co. Ltd., COFCO Rongshi Biotechnology Co. Ltd., Japan Corn Starch Co. Ltd., Navarest, A & Z Food Additives Co. Ltd., Biovittoria Limited, Hebei Huaxu Pharmaceutical Co. Ltd., Nihal Import, Anhui Elite Industrial Co. Ltd., Tianjin Haitong Chemical Industrial Co. Ltd., Qingdao Lambert Holdings Co. Ltd., Jinjiang Just Food Co. Ltd., Gadot Biochemical Industries Ltd.

North America was the largest region in the fructose market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fructose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the fructose market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The fructose market consists of sales of fructose solids, high fructose corn syrup, and fructose syrups. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Fructose Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fructose market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for fructose ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fructose market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: High Fructose Corn Syrup; Fructose Syrups; Fructose Solids
• 2) By Source: Sugarcane; Sugar Beet; Corn; Fruits And Vegetables
• 3) By Application: Dairy Products; Baked Goods; Beverages; Cosmetics And Personal Care; Sports Nutrition; Drug Formulations; Other Applications
• Companies Mentioned: Cargill Corporation; Archer Daniels Midland Company; Ajinomoto Co. Inc.; Kerry Group; Ingredion Incorporated
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.