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Gluten Free Sugar Syrup Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global gluten free sugar syrup market was valued at USD 3.8 billion in 2022 and is projected to expand at a CAGR of 7.2% from 2023 to 2030. The growing prevalence of Celiac Disease and other gluten-related disorders is resulting in a shift toward consuming gluten-free products, thus driving the market growth. Furthermore, the rising trend of veganism and the growing demand for plant-based alternatives are fueling the demand for gluten-free sugar syrups.
The increasing demand for organic and natural products is also driving the market growth. Consumers are becoming increasingly aware of their health and are actively seeking out natural and organic alternatives to traditional sugar syrups. For instance, in January 2022, Monk Fruit Corporation launched a new line of organic sugar syrups, made from monk fruit extract, that are free from gluten, sugar, and artificial ingredients.
Furthermore, the increasing popularity of plant-based diets is leading to a rise in demand for gluten-free sugar syrups as a healthier alternative to traditional syrups. Additionally, the growing number of health-conscious consumers is driving the growth of the gluten-free sugar syrup market. For instance, in March 2022, The Gluten Free Company launched a range of sugar syrups made from natural ingredients and free from gluten, dairy, and soy.
The introduction of new flavors and innovative product types is expected to further bolster the market growth. For instance, in April 2022, Cargill launched a range of sugar syrups made from sugar beet, which are free from gluten, dairy, and soy. Furthermore, the introduction of sugar syrups with different flavors and textures is expected to increase their appeal among consumers.
The increasing number of health-conscious consumers and the rising demand for plant-based alternatives are expected to fuel the growth of the market in the coming years. Moreover, the increasing prevalence of celiac disease and other gluten-related disorders is expected to further drive the market growth. The introduction of new flavors and innovative product types are also projected to propel the growth of the market.
Product Insights
The gluten-free sugar syrup segment accounted for the largest share of the market in 2020. Gluten-free sugar syrups are becoming increasingly popular as people are looking for healthier alternatives to traditional syrups. Gluten-free syrups are a great way to sweeten food or beverages without the added sugar or calories. Furthermore, the increasing awareness about the health benefits of gluten-free sugar syrups has been driving the market growth. According to an article published by the University of Bologna, in February 2020, gluten-free sugar syrups are becoming increasingly popular among consumers who are on gluten-free diets.
The organic sugar syrup segment is expected to witness the fastest CAGR of 8.2% during the forecast period. The rising demand for organic sugar syrup among health-conscious consumers has been driving the growth of the market. According to an article published by the University of California, in April 2019, organic sugar syrups are becoming increasingly popular as they are made from natural ingredients, have no added preservatives, and are free of artificial flavors. Furthermore, increasing demand for organic food products and rising awareness about the health benefits of organic sugar syrups are also contributing to the market growth.
Distribution Channel Insights
The supermarkets and hypermarkets segment is estimated to hold the major share in 2022, owing to the rising number of health-conscious consumers. Supermarkets and hypermarkets are the most preferred retail formats for purchasing gluten-free sugar syrup products due to the availability of a wide range of options. Furthermore, supermarkets and hypermarkets provide convenience and ease of access to these products. Consumers prefer these retail formats as they can purchase products after touching and feeling them.
The online segment is projected to expand at the highest CAGR of 14.2% over the forecast period. The increasing penetration of the internet and the surging trend of online shopping are likely to drive the segment. Furthermore, the availability of discounts, offers, and convenience have been instrumental in the growing preference for online shopping. Moreover, the growing focus of manufacturers on digital marketing strategies to promote their brands is likely to boost the segment.
Type Insights
The organic segment accounted for the largest revenue share of 56.8% in the year 2022. The growing demand for organic products due to the health benefits associated with them is a key factor driving the market. Also, the increasing awareness regarding health and wellness among consumers is driving the demand for organic and gluten free sugar syrup. Moreover, the rising number of health-conscious consumers, especially in developed countries, is stimulating the growth of the organic segment.
The conventional segment is anticipated to expand at the highest CAGR of 7.4% over the forecast period. The increasing demand for conventional sugar syrup due to its availability in different forms such as granulated, powdered, and liquid is driving the segment. Additionally, the growing popularity of conventional sugar syrup among bakeries and confectioneries is driving the market. Moreover, the low cost of conventional sugar syrup as compared to organic sugar syrup is fueling the segment.
Regional Insights
North America accounted for the largest share in the market in 2022, owing to the rising demand for gluten free products in the region. The presence of a strong healthcare infrastructure, along with the increasing prevalence of food allergies and dietary restrictions, is expected to drive the growth of the market in North America. Furthermore, the growing health consciousness among consumers has resulted in a higher demand for products that are healthy and free of allergens. The U.S. is the major contributing country in the region and is expected to maintain its lead in the coming years.
The Asia Pacific region is expected to witness the fastest growth in the upcoming years. The growing disposable income of consumers in the region has encouraged the manufacturers to launch their products in the region. Furthermore, the presence of a large population that is willing to spend on health and wellness products is expected to drive the growth of the market in the region. In addition, the presence of emerging countries such as India and China is expected to create lucrative opportunities for the market players operating in the region.
Financial Projections
In this part of the gluten free sugar syrup products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your gluten free sugar syrup products. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main sources of revenue for the gluten free sugar syrup products business come from retail sales, wholesale sales, private label sales, and e-commerce. Here you will find a list with a description of each of them and other possible sources of profit such as crowdfunding, events, and subscriptions.
Projecting Expenses
In this section, all the regular expenses related to keeping the gluten free sugar syrup products business running will be described. The list of operating expenses includes ingredient costs, production costs, packaging costs, marketing and advertising, taxes, licensing fees, and others.
Key companies & market share insights
Some of the major companies operating in the gluten free sugar syrup market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In May 2022, Tate & Lyle launched the Golden Syrup range of gluten free sugar syrups.
– In July 2022, Cargill launched its gluten free sugar syrup range, Sweet Balance.
– In August 2022, Archer Daniels Midland Company launched the PureVia range of gluten free sugar syrups.
Some of the prominent players in the gluten free sugar syrup market include:
– Tate & Lyle
– Cargill
– Archer Daniels Midland Company
– DuPont
– Ingredion Incorporated
– Roquette Freres
– Agrana Group
– Amalgamated Sugar Company LLC
– American Crystal Sugar Company
– C&H Sugar Company, Inc.
Global Gluten Free Sugar Syrup Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global gluten free sugar syrup products market based on product type, distribution channel, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Gluten Free Syrups
– Gluten Free Sweeteners
– Gluten Free Sugars
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the key trends in the global Gluten Free Sugar Syrup products market?
[A]: The increasing demand for vegan and plant-based sugar syrups is one of the key trends in the global Gluten Free Sugar Syrup products market. Consumers are increasingly shifting towards plant-based food products, due to the health benefits associated with them. This has resulted in the rising demand for gluten-free sugar syrups, which are made using natural plants and other ingredients.
[Q]: Who are the major players in the global Gluten Free Sugar Syrup products market?
[A]: Some of the major players in the global Gluten Free Sugar Syrup products market include Tate & Lyle, ADM, Cargill, Ingredion, Roquette, AGRANA Group, and AGRANA Beteiligungs-AG.
[Q]: What are the factors driving the growth of the global Gluten Free Sugar Syrup products market?
[A]: Factors such as the increasing demand for vegan and plant-based food products, health benefits associated with the consumption of gluten-free sugar syrups, and the presence of a wide range of applications in food and beverages are driving the growth of the global Gluten Free Sugar Syrup products market.
[Q]: What are the key opportunities in the global Gluten Free Sugar Syrup products market?
[A]: Key opportunities in the global Gluten Free Sugar Syrup products market include increasing demand for organic and natural sugar syrups, increasing demand for plant-based food products, and increasing demand for low-calorie sugar syrups.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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