Overview and Scope
The glucose are used to deliver carbohydrate calories when a person is unable to eat due to illness, an accident, or another medical condition. Glucose is the most common form of sugar in the blood and the body’s primary source of energy. Glucose is used in the production of flavor enhancers, stabilizers, taste enhancers, humectants, vitamins, preservatives, coatings, and bulking agents. The main property of glucose is that it prevents sugar molecules from crystallizing in confectionaries.
Sizing and Forecast
The glucose market size has grown strongly in recent years. It will grow from <b>$51.55 billion in 2023 to $54.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> The growth in the historic period can be attributed to increase in prevalence of diabetes, aging population, change in lifestyles and dietary habits, government initiatives , improved healthcare infrastructure
The glucose market size is expected to see strong growth in the next few years. It will grow to <b>$70.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. </b> The growth in the forecast period can be attributed to rising demand for bakery products, growing cosmetics and personal care products, growing demand for processed food products, rise in disposable income, rise in urbanization. Major trends in the forecast period include personalized glucose management, remote glucose monitoring solutions, artificial intelligence and data analytics, non-invasive glucose monitoring, lifestyle and nutrition interventions.
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Segmentation & Regional Insights
The glucose market covered in this report is segmented –
1) By Form: Syrup, Solid
2) By Source: Wheat, Corn, Other Sources
3) By Application: Food and Beverage, Pharmaceutical, Cosmetics, Personal Care, Pulp and Paper, Other Applications
<b>North America</b> was the largest region in the glucose market in 2023. <b>Asia-Pacific</b> is expected to be the fastest growing region in the forecast period. The regions covered in the glucose market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing demand from the bakery and confectionery sector is expected to propel the growth of the glucose market going forward. Confectionery is a term used to describe a type of sweets or chocolates made with sugar and high in carbohydrates. Bakers’ confections and sugar confections are the two most common varieties of confectionery. As glucose enhances the flavor of candies and other foods, it is utilized in the creation of bakery and confectionery products. For instance, in December 2022, according to the Center for the Promotion of Imports from developing countries, a Netherlands-based government organization, global cocoa bean grinding activities totaled an estimated 4,973 thousand tons in the cocoa year 2020–2021, representing a 5.7% increase over 2019–2020. Therefore, increasing demand from the bakery and confectionery sector is driving the growth of the glucose market.
Key Industry Players
Major companies operating in the glucose market include <b> Archer Daniels Midland Company, Ingredion Inc., AGRANA Beteiligungs-AG, Tate & Lyle Plc, Cargill Inc., Roquette Frères SA, Grain Processing Corp, Tereos Internacional SA, Gulshan Polyols Ltd., Global Sweeteners Holdings Ltd., Avebe Group, Luzhou Ruixiang Food Co Ltd., Capital Glucose Company Ltd., Hebei Yunhao Technology Co Ltd., Luzhou Bio-Chem Technology (Shandong) Co Ltd., Fooding Group Ltd., HL Agro Products Private Ltd., Bakers Kitchen, Beneo Asia-Pacific Pte Ltd., DGF Service Ltd., Global Market Insights Inc., Bannari Amman Sugars Ltd., Anhui Wincom Chemical Co Ltd., Malt Products Corporation, Zhangqiu Isen-Granule Manufacturing Science and Technology Co Ltd., Henan Feitian Agricultural Development Stock Co Ltd., Shandong Tianli Pharmaceutical Co Ltd., Gujarat Ambuja Exports Ltd., Sayaji Industries Ltd., Huletts Corporation Ltd. </b>
The glucose market report table of contents includes:
1. Executive Summary
2. Glucose Market Characteristics
3. Glucose Market Trends And Strategies
4. Glucose Market – Macro Economic Scenario
5. Global Glucose Market Size and Growth
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26. South America Glucose Market
27. Brazil Glucose Market
28. Middle East Glucose Market
29. Africa Glucose Market
30. Glucose Market Competitive Landscape And Company Profiles
Top Major Players:
- Archer Daniels Midland Company
- Ingredion Inc
- AGRANA Beteiligungs-AG
- Tate & Lyle PLC
- Roquette Frères SA
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