Fructose Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Fructose is a monosaccharide that occurs in fruits, vegetables, honey, and some plants. The fructose industry includes establishments that derive fructose from various raw materials, such as sugarcane, sugar beet, and corn that are used in the food and beverage industry in the form of sweeteners due to their high relative sweetness and low cost. Fructose is available in both pure crystalline form and as a component of syrups.

Sizing and Forecast
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 growth in the historic period can be attributed to consumption in food and beverage industry, growing awareness of health and wellness, expansion of the high-fructose corn syrup (HFCS) market, rise in global obesity rates, increased use 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 growth in the forecast period can be attributed to growing demand for natural sweeteners, expansion of clean label and organic trends, application in functional foods and beverages, innovation in low-glycemic index products, rising use in sports nutrition products. Major trends in the forecast period include advancements in food processing technologies, rising demand for low-calorie sweeteners, expanding applications in pharmaceuticals, growing popularity in sports and energy drinks, regional growth in Asia-Pacific.

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Segmentation & Regional Insights
The fructose market covered in this report is segmented –
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

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.

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Major Driver Impacting Market Growth
The increasing demand for beverages is expected to propel the growth of the fructose market going forward. Beverages refer to drinks that are specifically prepared for consumption which include a wide variety of liquid refreshments that are intended for human consumption. Fructose is used as a sweetener in various beverages, provides a quick source of energy, taste appeal, smaller and slower impact on blood sugar levels, flavor enhancement, stability, and can contribute to the extended shelf life of certain beverages, ensuring that they maintain their quality over time. For instance, in April 2022, according to a report shared by Common Thread Collective, a US-based e-commerce growth agency, in 2021, global food and beverage sales were $435.3 billion, and in 2022 it was $506 billion. It is expected to reach $857 billion by 2025. Therefore, the increasing demand for beverages is driving the growth of the fructose market.

Key Industry Players
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 Beteilgungs 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.

The fructose market report table of contents includes:
1. Executive Summary
2. Fructose Market Characteristics
3. Fructose Market Trends And Strategies
4. Fructose Market - Macro Economic Scenario
5. Global Fructose Market Size and Growth
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32. Global Fructose Market Competitive Benchmarking
33. Global Fructose Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fructose Market
35. Fructose Market Future Outlook and Potential Analysis
36. Appendix