Global High Maltose Syrups Market to Grow at a Healthy Rate During 2024-2032, Driven by the Increasing Demand for Label Friendly Food Products

The food and beverage manufacturers are looking for label-friendly, reduced sugar options to enable sugar and calorie reduction in beverages and other food applications and attract health-conscious consumers. The products like soft drinks and sugar-laden foods have come under regulatory scrutiny, and with the imposition of various national sugar taxes, manufacturers are looking for low-cost and innovative solutions, which do not affect the flavours and sweetness that consumers desire. The use of high maltose syrups provides manufacturers significant cost benefits for their sugar-reduced formulations. Owing to its unique tolerance to heat and cold, it is widely used in the commercial food manufacturing industry to prepare products like hard candy, bubble gums, milk caramels, chocolate, frozen desserts, and others. The easy availability of these products through retail platforms like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is further boosting the industry growth.

Cargill Inc., a key player in the industry, sells high maltose demineralised corn syrup under the brand name Satin Sweet®, which is slightly sweeter than conventional corn syrup owing to its high maltose content. This range is particularly formulated with 65% of maltose content to fulfill requirements like excellent moisture retention to improve humectancy properties, and viscosity control to enhance resistance to crystallisation in finished products, thus, maintaining optimum texture and mouthfeel. In September 2020, the company opened its first corn silo in India with 60,000 tons of storage capacity to maintain a continuous supply of premium corns and expand its starches and sweetener business in the Asia Pacific region. Thus, the growing penetration of key players in emerging nations is expected to aid the industry growth in the forecast period.

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Market Breakup by Source, Concentration, End Use, and Region:

• The different sources of high maltose syrups are natural and chemical sources. Further, based on type, the natural segment is subdivided into corn, sweet potatoes, waxy barley, and rice starch, among others, while the chemical segment is bifurcated into β-amylase, and fungal α-amylase.
• On the basis of concentration, the market can be bifurcated into high concentrated, and very high concentrated maltose syrups.
• Based on end use, the industry is categorised into beverages, brewing industry, food, and confectionery, among others.
• Region-wise, the global market for high maltose syrups can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global high maltose syrups market is being driven by the thriving food and beverage industry.
• The industry is receiving a further boost with the rising health concern among consumers and a growing shift towards products with natural ingredients.
• The growing R&D activities and advancing the pharmaceutical sector are expected to further propel the market growth.
• The rising disposable incomes and growing demand for end-use products like confectionery and baked goods are significantly contributing to the industry growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global high maltose syrups market for the periods (2018-2023) and (2024-2032).
• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the sources, concentrations, end uses, and regional markets of high maltose syrups.
• The report also gives the regional historical (2018-2023) and forecast (2024-2032) price trends of the product.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global high maltose syrups market are Cargill, Incorporated, Meelunie B.V., Nectafresh Agro Foods, and Austrade Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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