Get the latest insights on price movement and trend analysis of Glucose Syrup in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Glucose Syrup Price Trend for the First Half of 2023
The first two quarters of 2023 witnessed a surge in the prices of glucose syrup in India. The major contributing factor to this surge in prices is the consistent decline in the production rates of sugar mills in the region. This led to a reduced influx of glucose syrup in the markets, causing a significant reduction in the level of inventories and, thus, a hike in the price trend.
The effect of these low rates of production was not only limited to India but also to the major glucose syrup-producing regions such as Europe, China, Thailand, etc. In addition to this, the rates of exports from India also surged due to high demand from the international markets; however, due to low input from the producers, this only led to the incline in the prices of glucose syrup.
In conclusion, a variety of factors, including decreased glucose syrup production in India, reduction in the rates of U.S. glucose syrup production, and Indian glucose syrup exports, have affected the price trend for glucose syrup. These factors have pushed glucose syrup prices upward, posing both difficulties and possibilities for market participants.
According to Procurement Resource, the price of Glucose Syrup is estimated to incline in the upcoming quarters as the demand for glucose syrup in the global markets seems high while the production rates seem to fall short.
Procurement Resource provides latest prices of Glucose Syrup. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Glucose Syrup, or better known as confectioner's glucose, is basically a syrup made from the hydrolysis of starch. Glucose syrup that contains more than 90% glucose is used in industrial fermentation whereas glucose syrup that is used in confectionery contains different amounts of glucose, maltose and higher oligosaccharides, based on the grade.
|Product Name||Glucose Syrup|
|Industrial Uses||Commercial food production, Sweetener, Thickener, Candy, Beer, Fondant|
|Supplier Database||Cargill, Incorporated, Ingredion Incorporated, ADM, Roquette Frères, Tate & Lyle|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Hydrolysis is the process through which Glucose Syrup can be produced. This process involves the addition of an enzyme such as alpha amylase to the solution of starch and water, thus, breaking complex starch compounds to simpler forms. This solution is further processed using another enzyme, followed by its purification and evaporation to produce concentrated Glucose Syrup.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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