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Jun 04, 2023

Crystalline Fructose Market Size to Hit $958.13 Million by 2028

NEW YORK, United States, June 09, 2023 (GLOBE NEWSWIRE) -- Zion Market

NEW YORK, United States, June 09, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled " Crystalline Fructose Market Report 2023 – 2030" in its research database. According to the latest research study, The global crystalline fructose market size was worth around USD 642.37 million in 2022 and is predicted to grow to around USD 958.13 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.12% between 2023 and 2030.

Crystalline Fructose Market Overview:

The crystalline fructose industry refers to the global market for the production and sale of crystalline fructose. It is a sweetener derived from fructose and is a highly refined form of the same which is produced by processing fructose into a crystalline powder or granular form. The most common application of crystalline fructose includes its use as a sweetening ingredient in various food and beverage products.

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The market deals with the production, distribution, and use of crystalline fructose by various industries, including bakery and confectionery, food and beverage, dairy, and others. Crystalline fructose offers several advantages over traditional sugar such as high sweetness intensity, solubility, and stability. During the forecast period, the crystalline fructose industry players can expect several growth opportunities while having to deal with certain challenges and limitations.

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Key Insights from Primary Research

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Competitive Players

The report contains qualitative and quantitative research on the global Crystalline Fructose Market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global Crystalline Fructose market include;

Crystalline Fructose Market: Segmentation Analysis

The global crystalline fructose market is segmented based on nature, application, distribution channel, and region.

Based on nature, the global market segments are conventional and organic. Based on application, the global market segments are bakery & confectionery and food & beverages. In 2022, the highest growth was observed in the bakery & confectionery segment where it is often used as a flavor enhancer or a sweetener in a variety of products such as cakes, cookies, and other baked goods. It is responsible for providing or contributing to the texture of the food product along with the browning of the baked items. In the confectionery segment, crystalline fructose is widely used in the production of candies, chewing gums, chocolates, and other sweet treats. In these products, the compound not only improves the sweetness but also impacts the overall look of the product. In 2022, Cadbury's brand value weighed at USD 5.73 billion.

Based on distribution channel, the global market segments are business-to-customer and business-to-business. The crystalline fructose industry was led by the latter segment also known as B2B in 2022. The high segmental revenue was mainly due to the bulk production and distribution of crystalline fructose. These quantities can only be sold to food processors or manufacturers that incorporate the item in the final product. These transactions typically occur between crystalline fructose suppliers and companies in various sectors such as bakery and confectionery, food and beverage, and other industries where sweeteners are utilized. While certain companies deal in business-to-customer (B2C) transactions, the revenue in this segment is less than the counterpart. The global B2B market was valued at more than USD 7 trillion in 2022.

Browse Complete Report Here | Crystalline Fructose Market By Nature (Conventional And Organic), By Application (Bakery & Confectionery And Food & Beverages), By Distribution Channel (Business-To-Customer And Business-To-Business), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Regional Analysis:

North America is expected to lead the global crystalline fructose market due to the growing food & beverages industry in the USA and Canada. These regions are home to some of the biggest and highest revenue-generating food producers across the globe. Moreover, the general public which consumes high amounts of processed food is now demanding low-calorie healthy substitutes in the segment leading to market players investing in research & development. In addition to this, the rising health and wellness trend along with government initiatives to educate the masses about the ill effects of consuming high sugar content is expected to drive more people toward healthier substitutes such as crystalline fructose.

In Europe , the CAGR may be driven by the increasing use of crystalline fructose in baked goods such as cakes and cookies along with confectionery items. Europe is known for its baked-food product-influenced diet culture and tourists from across the globe travel to these nations to enjoy local cuisine.

Recent Industry Developments:

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The global crystalline fructose market is segmented as follows:

By Nature

By Application

By Distribution Channel

By Region

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