High Maltose Syrup Market By Source (Corn-Based High Maltose Syrup, Wheat-Based High Maltose Syrup, Cassava-Based High Maltose Syrup); By Application (Confectionery, Bakery and Desserts, Beverages (Alcoholic and Non-Alcoholic), Pharmaceutical and Nutraceutical Products, Others (Snacks, Ice Creams, Sauces)); By End User (Food Manufacturers, Beverage Producers, Pharmaceutical Companies, Retail Consumers); By Geography, Segment revenue estimation, Forecast, 2024–2032.

The high maltose syrup market reached USD 4.6 billion in 2023 and is expected to be USD 6.8 billion in Eastern Global, with a CAGR of 5.7% from 2024 to 2030. The global market is driven by the rising consumption of processed foods, a broadening base of applications in the brewing sector, and a shift to low-sugar options.

 

High maltose syrup is a glucose syrup that contains a very high level of maltose as its content. In food and industry, it is applied as a sweetener, preservative, and texturing agent for food and beverages. High maltose syrup possesses peculiar properties of low hygroscopicity, high fermentability, and compatibility with many food applications. Thus, it is suitable for confectionery, baked goods, beverages, and frozen confectionery products. Also, it has applications in the brewing and pharmaceutical industry because of its functionality and is cheaper to acquire.

 

Market Drivers

Rising Demand for Confectionery and Processed Foods: As the confectionery and processed food industry has developed, more people have preferred high maltose syrup. It proves crucial through its role in intensifying tastes in foods or preserving or preventing the crystallization of products such as candies and jellies. According to Reports, the global confectionery market was USD 245 billion in 2023, and a sizeable percentage of sweeteners include high maltose syrup. Example: High maltose syrup is currently being used by top producers of snacks such as Mars Wrigley and Ferrero for improved mouthfeel and longer shelf life.

 

Expansion of the Beverage Industry: High maltose syrup is a widely used sweetener in the beverage industry because it can match sweetness and improve product clarity. Due to its fermentable sugar level, it also has a major use in the brewing industry. In 2022, Anheuser-Busch InBev launched a new range of light beers made with high maltose syrup. This development aimed to cater to the growing market interest in light beers that align with health-conscious drinking trends.

 

Preference for Low-Sugar Alternatives: Increasing consciousness about the impacts of excessive sugar intake on health has led to a rise in the acceptance of high maltose syrup as a substation to conventional high-sugar syrups applied in foods and beverages. Low-calorie sweeteners continue to grow at a 7.5% CAGR, and high maltose syrup is seen to be fostering this progress.

 

Growing Applications in the Pharmaceutical Industry: High maltose syrup is used to stabilize and improve the texture of pharmaceuticals, which will drive the market's growth. For example, in 2023, the big pharma company Pfizer included high maltose syrup in a range of new cough syrups to make the products more palatable and stable.

 

Market Opportunities

Rising Adoption in Asian Cuisine and Snacks: High maltose syrup is commonly used in Asian countries and is popular mostly in cooking special Asian sweets and dessert items. With the increasing trend of Asian foods in the international market, the demand for high maltose syrup will also be realized. Example: According to the statistics, in 2022, the export value of Asian snack foods containing high maltose syrup increased by 12% due to the higher demand in the North American and European regions.

 

Sustainability in Production: Currently, manufacturers are concentrating on green production of high maltose syrup. In terms of raw materials, they use corn and cassava equally. This is in line with current trends by consumers for environmentally friendly products. Example: Organic food market news 2023: ADM—Archer Daniels Midland gave the market a sustainably sourced high maltose syrup made from non-GMO corn.

 

Market Segmentation

By Source:

• Corn-Based High Maltose Syrup

• Wheat-Based High Maltose Syrup

• Cassava-Based High Maltose Syrup

 

By Application:

• Confectionery

• Bakery and Desserts

• Beverages (Alcoholic and Non-Alcoholic)

• Pharmaceutical and Nutraceutical Products

• Others (Snacks, Ice Creams, Sauces)

 

By End User:

• Food Manufacturers

• Beverage Producers

• Pharmaceutical Companies

• Retail Consumers

 

By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa

 

Segment Analysis

Leading Source Segment: Corn-Based High Maltose Syrup

Corn-based high maltose syrup held the largest market share, with 55% of global revenue in 2023, because of its easy market availability and affordable cost. Examples: Some of the major manufacturers that have incorporated corn as their base material for producing high maltose syrup include Cargill and Tate & Lyle.

 

Leading Application Segment: Confectionery

Confectionery dominated the market, with 40% of the total market value in 2023, due to consistently high demand for products that contain non-crystallizing sweeteners like candies, gummies, and jellies. Example: Higher maltose syrup was found to have been instrumental in maintaining texture stability in 2023 when there was an 8% increase in global gummy candies sales.

 

Regional Analysis

The Asia-Pacific holds the greatest market share because of its use in confectionery products, traditional sweets, processed snacks, and beverages. India and China have a large middle-class population, coupled with a rapid increase in urbanization, which contributes positively to the region's growth. Example: In 2023, the Indian sweet and snacks market expanded by 14%, and HSS was used prominently in its products.

 

The North American market is also large owing to the region's ongoing call for processed foods and beverages. Essential application for High maltose syrup is observed in the brewing and confectionery sectors. The largest consumer in the global market of high maltose syrup is the United States. Example: In 2023, Tate & Lyle invested in production capabilities across the US to meet growing market demand for clean-label high maltose syrup in healthy products.

 

Europe accounts for approximately 25% of global revenue for baked goods and premium confectioneries. A legal thrust for natural and sustainable sweeteners has enhanced demand in the marketplace. For example, a 12% increase in 2022 will set more demand for high maltose syrup, which was used by Germany’s bakery sector to replace artificial sweeteners.

 

Key Players

• Cargill, Inc.

• Archer Daniels Midland (ADM)

• Tate & Lyle PLC

• Ingredion Incorporated

• Roquette Frères

• Global Sweeteners Holdings Limited

• Tereos Group

• Meiji Holdings Co., Ltd.

• Grain Processing Corporation

• Shandong Fuyang Biotechnology Co., Ltd.

 

Future Outlook

High-maltose syrup is projected to experience healthy growth in the forecast period due to its growing adoption in food, beverages, and pharmaceuticals. This potential will be complemented by innovations in sweeter and organic syrup, which will widen its market frontiers. This market continues to be dominated by the Asia-Pacific region due to its growing usage in both conventional and novel foods.

 

Industry players that invest in sustainable production, product cost, and diverse product portfolios will be well-positioned to take advantage of these opportunities. By 2030, high maltose syrup, with consumers’ daily demands and various markets, will continue to entrench its position as one of the strategic industrial and consumer products.