Glucose Market Forecasts to 2028 – Global Analysis By Form (Syrup, Solid), Source (Plants, Animals), Nature (Organic, Synthetic), Application (Food & Beverages, Animal Feed) and By Geography

Glucose Market Forecasts to 2028 – Global Analysis By Form (Syrup, Solid), Source (Plants, Animals), Nature (Organic, Synthetic), Application (Food & Beverages, Animal Feed) and By Geography

According to Stratistics MRC, the Global Glucose Market is accounted for $48.20 billion in 2022 and is expected to reach $72.33 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Glucose is a simple sugar which is an important energy source in living organisms and is a component of many carbohydrates. Glucose practically made imparts sweetness, also acts as a flavor enhancer and texture conferring agent. It is generally used in the production of homogeneous confectionery products such as chewing gums and chocolates.

According to the American Heart Association (AHA), an American adult consumes 77 grams of sugar per day, which is more than three times the recommended amount. The maximum amount of added sugar that should be eaten per day is different for men and women. For men, it is 150 calories per day (equals 37.5g or 9 teaspoons) and for women, around 100 calories per day (equals 25g or 6 teaspoons). Additionally, the AHA has also advised men to not exceed 150 calories of added sugar per day and women should limit their added sugar consumption to 100 calories. The major players are continuously involved in the strategic development activities associated with Research and Development (R&D), mergers and acquisitions, and new product development, and capacity expansion. For instance, in July 2017, ADM has acquired France-based Chamtor SA, particularly to expand its global share in the starch and sweetener market.

Market Dynamics:

Driver:

Increasing application of glucose in functional food and beverages

Rise in health-conscious consumers has propelled the growth of functional food and beverages. Consumers are increasingly shifting from sugary soft drinks to healthier alternatives. Functional food and beverages are also known to have enhanced taste and flavor with nutritious properties for satisfying health-conscious consumers. Glucose is used as a flavor enhancer for functional beverages such as high fiber drinks, RTD teas, enhanced fruit drinks, and soy beverages for offering sweet taste with reduced calories

Restraint:

Alternatives to glucose

Rise in preference for gums such as gum Arabic, guar gum, xanthan gum and locust bean gum over starch-derived products is emerging as a restraint for the market. It has been analyzed that food & beverages stabilized with sources of gums attain better stability than those with modified starches. Gums are posing a threat to starch derivatives such as glucose in various food & beverage segments, where they are utilized to prevent sugar crystallization as well.

Opportunity:

Increasing demand from cosmetics industry

The growing awareness about using cosmetics to boost self-esteem and personal hygiene will invite substantial opportunities for the glucose market. Glucose is a vital component in numerous cosmetics and personal care products. Hence, this factor will assure promising growth for the glucose market.

The cosmetic & personal care segment is expected to be the largest during the forecast period

Due to an increasing demand for cosmetics and personal care among the consumers to maintain hygiene, boost self-esteem, and enhance well-being is supporting the growth of the segment. It is important in the cosmetics industry because it helps bind other compounds and helps in stabilizing the formula during the production stage. The personal care products industry is large in developing as well as developed regions such as North America, Europe, Asia Pacific, and the Middle East, which provides scope for glucose to be used in the personal care products industry.

The food & beverages segment is expected to have the highest CAGR during the forecast period

Glucose is used as a sweetener and nutritional supplement in the production of various food products such as in candy & gums, creams, bakery products, jarred & canned foods, frozen dairy products, and cured meats. It can also be used in beverages, jelly, jam, and honey for improved taste and quality and extended shelf life. Thus, changes in food habits and inclination toward snacks and desserts, where glucose is used as an effective sweetening agent, drive the usage of dextrose in the food & beverages segment.

Region with largest share:

Asia Pacific is projected to hold the largest market share due to the presence of a huge customer base and the boosting demand for food and beverages products across the countries in the region owing to their large customer base as well as rapid economic development is driving the market in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR as North America stands strong as one of the most proactive regions in substituting sugar. Rise in demand for low-calorie food products and increased number of consumers suffering from lifestyle diseases such as diabetes, obesity, and cardiovascular disease contributes toward the increased market share for this region.

Key players in the market:

Some of the key players profiled in the Glucose Market include Archer Daniels Midland Company (ADM), Cargill Incorporated, Ingredion Incorporated, Tereos S.A., AGRANA Beteiligungs-AG, Grain Processing Corporation, Tate & Lyle PLC, Roquette Frères, Gulshan Polyols, Pfizer, Inc, Fooding Group Limited and Global Sweeteners Holdings Limited.

Key developments:

In May 2021: Ingredion Incorporated and Amyris, Inc. signed an agreement for the exclusive licensing of Amyris’s zero-calorie, nature-based, fermented Reb M sweetener.

In April 2013: Pfizer Inc. and Merck collaborated for the development and commercialization of Pfizer's ertugliflozin (PF-04971729), an investigational oral sodium glucose cotransporter (SGLT2) inhibitor being evaluated for the treatment of type 2 diabetes.

Types Covered:
• D-Glucose Monohydrate
• Anhydrous Glucose

Forms Covered:
• Syrup
• Solid

Sources Covered:
• Plants
• Animals
• Chemicals

Natures Covered:
• Organic
• Synthetic

Applications Covered:
• Food & Beverages
• Animal Feed
• Medicine

End Users Covered:
• Pharmaceutical
• Cosmetic & Personal Care
• Pulp & Paper
• Nutraceuticals
• Animal Husbandry

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances