High Maltose Syrups Market Outlook
According to a new report by Expert Market Research titled, “High Maltose Syrups Market Analysis, Share, Size, Report and Forecast 2023-2028″, the global high maltose syrups market is being aided by the rising demand for high maltose syrups in China, which reached 3.81 million tons in 2022. Aided by multifunctional properties of high maltose syrups and increased consumption of baked products and confectionery, the market is projected to witness a further growth during the forecast period of 2023-2028.
High maltose syrup, extracted primarily from starch, predominantly maize or rice, is emerging as a preferred choice in various food and beverage applications. Characterised by its mild sweetness, lower hygroscopicity, and ability to resist crystallisation, this syrup has found a significant role in confectionery products, brewing, and processed foods. Its relatively stable nature under high temperatures and acidic conditions makes it particularly suitable for candies and frozen desserts.
The escalating demand for natural sweeteners is pivotal in boosting the global high maltose syrups market size. As consumers become increasingly health-conscious, the trend of eliminating high fructose corn syrup (HFCS) and sugar from diets is gaining momentum. High maltose syrup, being a natural alternative, is witnessing heightened demand, especially in regions where clean label products are trending.
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Additionally, the global inclination towards fitness and well-being is fuelling the consumption of energy drinks and energy bars where high maltose syrup, with its rapid yet sustained energy-releasing property, is a crucial ingredient. The athletic community, in particular, is turning towards such products for enhanced performance and quicker recovery.
The versatility of the syrup leads to its increased applications across various sectors, contributing to the high maltose syrups market demand. In the pharmaceutical domain, it is valued for its non-crystallising nature, finding its way into syrups and oral medicinal suspensions. The brewing industry too, finds it invaluable due to its fermentable sugars which enhance the beer’s flavour and mouthfeel without compromising its shelf life.
Based on the high maltose syrups market analysis, leading industry players are delving into intensive R&D. The objective is to refine the production process, enhance the nutritional profile, and potentially discover new applications for high maltose syrup. Collaborative efforts, both within the industry and with academic institutions, are expected to uncover innovations and streamline the supply chain.
The global market for high maltose syrups is primed for robust growth, supported by changing consumer preferences and the product’s versatile nature. As the global palette evolves, there’s a discernible move towards Asian cuisine, which often employs high maltose syrup in traditional dishes and sauces. This culinary shift is likely to favour the high maltose syrups market growth in the coming years.
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High Maltose Syrups Market Segmentation
The market can be divided based on source, concentration, end use, and region.
Market Breakup by Source
- Sweet Potatoes
- Waxy Barley
- Rice Starch
- Fungal α-amylase
Market Breakup by Concentration
- High Concentrated
- Very High Concentrated
Market Breakup by End Use
- Brewing Industry
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global high maltose syrups companies. Some of the major players explored in the report by Expert Market Research are as follows:
- Cargill, Incorporated
- Meelunie B.V.
- Nectafresh Agro Foods
- Austrade Inc.
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