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The manufacturers are aiming to prepare sweetening solutions that have fewer calories but offer more sweetness than sugar owing to the evolving dietary trends, further providing the same irresistible taste. The growing demand for natural sweeteners in the food and beverage industry has significantly contributed to the starch syrup industry growth. The manufacturers of non-carbonated soft drinks and energy drinks are looking for natural and healthier alternatives, thus, turning to starch syrup. The easy availability of these end-use products through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to boost the demand for the product in the coming years.
Tate & Lyle PLC (LON: TATE), a leading key player in the industry, offers GLUCAMYL® Glucose Syrups, which is a range of nutritive sweeteners prepared from corn. Along with improving the sweetness levels, it has the ability to enhance the structure, mouthfeel, and energy content of the product across a wide range of applications. Meanwhile, the increasing penetration of the key players in the emerging markets is also aiding the industry growth. In September 2020, Cargill Inc. opened its first corn silo with 60,000 tons of storage capacity in India to facilitate a continuous supply of premium corns and expand its starches and sweetener business in the Asia Pacific region. Such developments are expected to positively impact the global starch syrup industry growth over the forecast period.
Market Breakup by Starch Type, Type, Application, Distribution Channel, and Regions:
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The major players in the global starch syrup market are Tate & Lyle PLC, Cargill Inc., Tereos Internacional SA., Archer Daniels Midland Company, Tongaat Hulett Starch, Manildra Group, and Roquette Frères, 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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