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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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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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