Product Code: ETC094730 | Publication Date: Jun 2021 | Updated Date: Jun 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Sri Lanka Glucose syrup Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 8.63% in 2025, climbs to a high of 9.44% in 2026, and moderates to 0.14% by 2029.
In the Asia region, the Glucose syrup market in Sri Lanka is projected to expand at a growing growth rate of 8.83% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Sri Lankan glucose syrup market is experiencing steady growth driven by increasing demand from various industries such as food and beverage, pharmaceuticals, and personal care products. The market is primarily fueled by the rising consumer preference for convenience foods and the expanding food processing industry. Key players in the market are focusing on product innovation, quality enhancement, and strategic collaborations to gain a competitive edge. Additionally, the growing awareness of health benefits associated with glucose syrup consumption is further propelling market growth. However, challenges such as fluctuating raw material prices and stringent government regulations regarding food additives may hinder the market`s expansion. Overall, the Sri Lankan glucose syrup market is poised for promising growth opportunities in the coming years.
In the Sri Lanka glucose syrup market, there is a growing trend towards the use of natural and organic ingredients, driven by increasing consumer awareness of health and wellness. Consumers are seeking alternatives to traditional sweeteners like sugar and artificial additives, leading to a demand for glucose syrups made from natural sources such as fruits or tapioca. Additionally, there is a rising interest in clean label products with transparent sourcing and production processes. Manufacturers are responding to these trends by introducing organic and non-GMO glucose syrups, catering to the preferences of health-conscious consumers. The market is also witnessing innovations in flavor variations and application versatility, with glucose syrups being used in a wide range of products beyond just confectionery and bakery items.
In the Sri Lanka Glucose syrup market, some challenges include increasing competition from imported products, fluctuating raw material prices, and changing consumer preferences towards healthier alternatives. The market is also affected by regulatory constraints and the need for stringent quality control measures to ensure product safety and compliance. Additionally, limited awareness and marketing efforts for glucose syrup as a versatile ingredient in various industries such as food and beverage, pharmaceuticals, and cosmetics pose challenges in expanding market penetration. Addressing these challenges will require industry players to innovate in product formulations, enhance distribution networks, and invest in marketing strategies to educate consumers about the benefits and applications of glucose syrup.
The Sri Lanka glucose syrup market presents several investment opportunities for potential investors. With the growing demand for sweeteners in various industries such as food and beverages, pharmaceuticals, and personal care products, there is a promising market for glucose syrup as a versatile ingredient. Additionally, the increasing adoption of glucose syrup as a substitute for sugar due to its cost-effectiveness and functional properties further boosts its market potential. Investing in the Sri Lanka glucose syrup market can offer opportunities for manufacturers to expand their product offerings, cater to the evolving consumer preferences, and capitalize on the country`s growing food processing industry. Moreover, with the government`s focus on promoting domestic production and self-sufficiency, investing in local glucose syrup manufacturing facilities can provide a competitive edge in the market.
The Sri Lankan government has implemented policies to regulate the glucose syrup market, ensuring consumer safety and fair competition. The Food Act No. 26 of 1980 and the Food (Amendment) Act No. 20 of 1991 establish standards for the production, labeling, and quality control of glucose syrup. The Food Advisory Committee oversees these regulations and monitors compliance by manufacturers. Additionally, the Consumer Affairs Authority Act No. 9 of 2003 empowers the government to enforce pricing regulations and protect consumers from unfair trade practices in the glucose syrup market. These policies aim to maintain product quality, promote transparency in pricing, and safeguard consumer rights in Sri Lanka`s glucose syrup industry.
The future outlook for the Sri Lanka glucose syrup market appears positive, with steady growth anticipated in the coming years. Factors such as increasing consumer awareness about health and wellness, the rising demand for convenience foods and beverages, and the expanding food processing industry are expected to drive market growth. Additionally, the growing use of glucose syrup as a sweetening agent in various food and beverage products is likely to further boost market demand. However, challenges such as fluctuating raw material prices and the emergence of alternative sweeteners may impact market growth. Overall, with the evolving consumer preferences and the food industry`s constant innovation, the Sri Lanka glucose syrup market is poised for expansion and opportunities for market players to capitalize on.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Glucose syrup Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Glucose syrup Market Revenues & Volume, 2021 & 2027F |
3.3 Sri Lanka Glucose syrup Market - Industry Life Cycle |
3.4 Sri Lanka Glucose syrup Market - Porter's Five Forces |
3.5 Sri Lanka Glucose syrup Market Revenues & Volume Share, By Source, 2021 & 2027F |
3.6 Sri Lanka Glucose syrup Market Revenues & Volume Share, By Grade, 2021 & 2027F |
3.7 Sri Lanka Glucose syrup Market Revenues & Volume Share, By Form, 2021 & 2027F |
3.8 Sri Lanka Glucose syrup Market Revenues & Volume Share, By Application, 2021 & 2027F |
4 Sri Lanka Glucose syrup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Glucose syrup Market Trends |
6 Sri Lanka Glucose syrup Market, By Types |
6.1 Sri Lanka Glucose syrup Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Glucose syrup Market Revenues & Volume, By Source, 2018 - 2027F |
6.1.3 Sri Lanka Glucose syrup Market Revenues & Volume, By Corn, 2018 - 2027F |
6.1.4 Sri Lanka Glucose syrup Market Revenues & Volume, By Wheat, 2018 - 2027F |
6.1.5 Sri Lanka Glucose syrup Market Revenues & Volume, By Barley, 2018 - 2027F |
6.1.6 Sri Lanka Glucose syrup Market Revenues & Volume, By Potatoes, 2018 - 2027F |
6.1.7 Sri Lanka Glucose syrup Market Revenues & Volume, By Rice, 2018 - 2027F |
6.1.8 Sri Lanka Glucose syrup Market Revenues & Volume, By Cassava, 2018 - 2027F |
6.2 Sri Lanka Glucose syrup Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Glucose syrup Market Revenues & Volume, By Food, 2018 - 2027F |
6.2.3 Sri Lanka Glucose syrup Market Revenues & Volume, By Pharma, 2018 - 2027F |
6.2.4 Sri Lanka Glucose syrup Market Revenues & Volume, By Others, 2018 - 2027F |
6.3 Sri Lanka Glucose syrup Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Glucose syrup Market Revenues & Volume, By Liquid, 2018 - 2027F |
6.3.3 Sri Lanka Glucose syrup Market Revenues & Volume, By Granular, 2018 - 2027F |
6.3.4 Sri Lanka Glucose syrup Market Revenues & Volume, By others, 2018 - 2027F |
6.4 Sri Lanka Glucose syrup Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka Glucose syrup Market Revenues & Volume, By Food, 2018 - 2027F |
6.4.3 Sri Lanka Glucose syrup Market Revenues & Volume, By Beverage, 2018 - 2027F |
6.4.4 Sri Lanka Glucose syrup Market Revenues & Volume, By Confectionery, 2018 - 2027F |
6.4.5 Sri Lanka Glucose syrup Market Revenues & Volume, By Pharmaceuticals, 2018 - 2027F |
6.4.6 Sri Lanka Glucose syrup Market Revenues & Volume, By others, 2018 - 2027F |
7 Sri Lanka Glucose syrup Market Import-Export Trade Statistics |
7.1 Sri Lanka Glucose syrup Market Export to Major Countries |
7.2 Sri Lanka Glucose syrup Market Imports from Major Countries |
8 Sri Lanka Glucose syrup Market Key Performance Indicators |
9 Sri Lanka Glucose syrup Market - Opportunity Assessment |
9.1 Sri Lanka Glucose syrup Market Opportunity Assessment, By Source, 2021 & 2027F |
9.2 Sri Lanka Glucose syrup Market Opportunity Assessment, By Grade, 2021 & 2027F |
9.3 Sri Lanka Glucose syrup Market Opportunity Assessment, By Form, 2021 & 2027F |
9.4 Sri Lanka Glucose syrup Market Opportunity Assessment, By Application, 2021 & 2027F |
10 Sri Lanka Glucose syrup Market - Competitive Landscape |
10.1 Sri Lanka Glucose syrup Market Revenue Share, By Companies, 2021 |
10.2 Sri Lanka Glucose syrup Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |