The global food industry is on the hunt for a suitable, natural, and healthy alternative to sugar, as consumers continue to spurn unhealthy food products with high sugar content, and fructose is emerging as one of the most popular natural sugar substitute in the landscape. With the increasing demand for fructose in various food products and beverages, its global sales are likely to surpass US$ 7 billion by 2019, finds a recent study published by Future Market Insights (FMI). The study assesses importance macro and microeconomic factors that are instrumental in upcoming developments in the fructose market.
The study finds that the growing demand for fructose is mainly attributed by health-conscious consumers showing proclivity for food products with low sugar and natural ingredients. In addition, the study also projects that, among various sources of fructose such as corn and sugarcane, corn accounts for nearly three-fourth revenue share of the global fructose market. Its low manufacturing costs is one of the most important advantages of using corn as a primary raw material in the production of fructose, which is ultimately opening new opportunities for small and medium-sized businesses in the fructose market, opines the FMI study.
Half the Fructose Sales Accounted by the Beverage Industry; High Fructose Corn Syrup High in Demand
The FMI study projects that the sales of fructose in the beverage industry will account for nearly half the share of the global sales, and the demand for high fructose corn syrup will continue to increasein the coming years. The United States Food and Drug Administration (FDA) approved high fructose corn syrup to be safe as a food ingredient, which has contributed to the rise in its consumption in the beverage industry. Furthermore, syrups being more convenient to mix in liquids, their consumption in various types of beverages and carbonated drinks has remain significantly high, projects the FMI study. The study also finds that the sales of high fructose corn syrup accounted for approximately two-third share of the global fructose market in 2018, and its demand is likely to remain high in the coming years. Manufacturers are adopting innovative technologies in the manufacturing of fructose in the form of high fructose corn syrup to ensure mercury-free processing, which will further improve its sales potential. While the demand remains significantly high in the beverage industry, the consumption of fructose will grow in other food products such as bakery and dairy products, which collectively account for around one-third revenue share of the market, opines the FMI study.
For information on the research approach used in the report, request methodology@https://www.futuremarketinsights.com/askus/rep-gb-2108