Glucose syrup is a refined and concentrated solution of maltose, dextrose, and saccharides obtained by hydrolysis of starch. It is a plant-based ingredient with low sweetening power than sucrose. It is an essential ingredient to balance and control the viscosity of sweets and acquire the required texture, taste, and glossiness of different food products. It helps increase and preserve the sweetness of a food item to enhance its appeal. Moreover, as it is clear and colorless, glucose syrup is easy to dose and blend with ingredients, such as creams, drinks, and semi-liquid food items. At present, glucose syrup is gaining popularity across the globe on account of its non-toxic, anti-crystal, anti-freezing humectant and preservation characteristics.
The increasing usage of glucose syrup as a thickening agent and in coating food with a glaze to enhance its organoleptic value represents one of the key factors positively influencing the market worldwide. Moreover, the rising demand for baked food items and the increasing use of glucose syrups by chefs to enhance moisture retention, which keeps the food item fresh for an extended duration without altering the appearance of the product, is offering lucrative growth opportunities to key market players. Apart from this, shifting consumer preferences towards natural and healthier alternatives of conventional sugar to tackle different disorders, such as diabetes and obesity, is catalyzing the demand for glucose syrup. Moreover, the introduction of new brands that offer bakery and confectionary items, in confluence with the easy availability of these snacks on various e-commerce platforms, which provide free-doorstep delivery, are bolstering the market growth. Furthermore, the escalating demand for ready-to-eat (RTE) food products and increasing consumption of flavored syrups with yogurt, dessert, cereals, and beverages are driving the market. Additionally, as it is easily digestible by adults and children, sugar syrup is widely used in the food and beverage (F&B) industry worldwide.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the glucose syrup manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the glucose syrup industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the glucose syrup industry.
The following technical and economic aspects are included in the report:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Glucose Syrup Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Forecast
4.4 Market Breakup by Segment
4.5 Market Breakup by Region
4.6 Price Trends
4.6.1 Glucose Syrup Price Trends
4.6.2 Product Margins
5 Glucose Syrup Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Plant Machinery Suppliers
List of Figures
Figure 1: Global: Glucose Syrup Market: Major Drivers and Challenges
Figure 2: Global: Glucose Syrup Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Glucose Syrup Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Glucose Syrup Market: Breakup by Segment (in %), 2022
Figure 5: Global: Glucose Syrup Market: Breakup by Region (in %), 2022
Figure 6: Glucose Syrup: Price Trends, 2017 & 2022
Figure 7: Glucose Syrup: Margins Across Various Stages of the Supply Chain
Figure 8: Glucose Syrup: Breakup of Costs
Figure 9: Glucose Syrup Price Structure
Figure 10: Glucose Syrup: Manufacturing Process Flow
Figure 11: Glucose Syrup: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Glucose Syrup: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Glucose Syrup Manufacturing: Raw Material Requirements
Table 2: Glucose Syrup Manufacturing: Raw Material Costs
Table 3: Glucose Syrup Manufacturing: Electricity Costs
Table 4: Glucose Syrup Manufacturing: Steam Costs
Table 5: Glucose Syrup Manufacturing: Process Water Costs
Table 6: Glucose Syrup Manufacturing: Total Utility Costs
Table 7: Glucose Syrup Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Glucose Syrup Manufacturing: Packaging Costs
Table 9: Glucose Syrup Manufacturing: Transportation Costs
Table 10: Glucose Syrup Manufacturing: Sales and Administration Costs
Table 11: Glucose Syrup Manufacturing: Total Operating Costs
Table 12: Glucose Syrup Manufacturing: Costs Related to Land and Site Development
Table 13: Glucose Syrup Manufacturing: Costs Related to Civil Works
Table 14: Glucose Syrup Manufacturing: Costs Related to Plant Machinery
Table 15: Glucose Syrup Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Glucose Syrup Manufacturing: Costs Related to Electrical works and Piping
Table 17: Glucose Syrup Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Glucose Syrup Manufacturing: Working Capital Requirements
Table 19: Glucose Syrup Manufacturing: Total Capital Investment Required
Table 20: Glucose Syrup Manufacturing: Total Production Cost
Table 21: Glucose Syrup Manufacturing: Raw Material Suppliers
Table 22: Glucose Syrup Manufacturing: Machinery Suppliers
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