Global Glucose Market - 2021-2028

Market Overview:

Wheat, corn, and other grains make glucose (dextrose). Glucose is used in various industries, including food, drinks, pharmaceuticals, cosmetics, personal care, and pulp and paper. It functions as a flavour enhancer, stabilizer, texture enhancer, humectants, adjuncts, preservative, coating and bulking agent, as well as humectants. One of the most important features of glucose is that it prevents sugar molecules from crystallizing in confectionaries. These are the advantages of glucose that drive its demand and utilization around the world. According to the National Centre for Biotechnology Information, glucose is also known as dextrose or d-glucose. Hypoglycemia is a medical condition where the human blood sugar or glucose level is lower than normal. The expanding number of applications in the end-use industry is the primary driver of glucose or dextrose demand. Glucose, for example, is commonly used in the food and beverage sector as a sweetener, thickener, and moisture-retaining agent. Similarly, glucose is used to treat low blood sugar, acute alcohol intoxication, sulfonylurea overdose, insulin overdose, insulin-induced hypoglycemia in pediatric patients, and high blood potassium or hyperkalemia in the pharmaceutical sector. The global glucose market is valued at USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Market Dynamics: Sugar and chocolate confectionery consumption is rapidly increasing

Glucose or dextrose is a flavor enhancer and texture bestowing ingredient that gives sweetness. It prevents sugar crystallization, which is the desired quality in confectionery items, and as a result, its use in the confectionery sector has expanded dramatically. It's commonly made uniform confectionary items like chewing gum and chocolates. Dextrose monohydrate is being used as a substitute for sucrose by candy manufacturers worldwide. Dextrose has aggressively established tremendous growth opportunities in the bread and confectionery sectors due to these additional benefits.

On the other hand, health risks associated with the excess consumption of sugar products are likely to hold back the growth of the global glucose market during the forecast period. Increased health awareness among purchasers, owing to the rising prevalence of diabetes and high blood pressure, is expected to limit market expansion. Furthermore, the growing popularity of natural sugars such as jaggery and honey is expected to stifle industry growth.

Market Segmentation: Glucose syrup segment is expected to dominate the market

In 2020, the glucose syrup category led the market, accounting for XX per cent of total sales. Glucose syrup obtained from maize and other cereal grains such as wheat, rice, barley, potato, and cassava. For example, under the brand name AGENABON, AGRANA Beteiligungs-AG sells a variety of glucose syrups, the bulk of which is made from corn and wheat. Glucose syrup, often known as liquid glucose, comes in a colourless form and is widely used in food and beverages. Candy, chocolate, beer, fondant, and bakery products are some of the most common applications. Its expansion and use in the food and beverage industry are fueled by its associated favorable features in applications such as taste improvement, bulking, moisture retention, crystallization prevention, and freezing point reduction, among others. Glucose syrup, often known as liquid glucose, comes in a colorless form and is widely used in food and beverages. Its expansion and use in the food and beverage industry are fueled by its associated favourable features in applications such as taste improvement, bulking, moisture retention, crystallization prevention, and freezing point reduction, among others. Non-GMO, low-sugar, organic, and vegan syrups are some of the current advances in the glucose syrup sector. Because they are free of artificial pesticides, fertilizers, and preservatives. They are gaining appeal in the global market as people become more aware of these innovative products and their health benefits. In addition, health benefits associated with organic food consumption include antibiotic resistance, antioxidant content, pesticide reduction, a stronger immune system, poison-free organic products, non-genetically modified organic foods, and a lower risk of food-borne illness are driving the market growth.

Based on application, the food and beverage segment led the market. The market's largest revenue share comes from the broad application category, including bakery and confectionery, dairy, soups, dressings and sauces, and beverages. The market is being driven by a rapidly developing food and beverage sector worldwide due to increased research and development activities by key industry manufacturers for the development of new goods and the improvement of current ones. The market is primarily supported by rising demand for bakery and confectionery products due to changing eating habits, urbanization, and an increase in the number of women working in bakery product manufacturing.

Geographical Penetration: Asia Pacific is expected to dominate the global glucose market

The Asia Pacific dominated the glucose market, with a revenue share of XX%. From 2021 to 2028, the region is expected to maintain its dominance. India and China, two of the region's largest economies, are key revenue sources. The market in the region is being driven by the increasing demand for food and beverage items across these countries as a result of their vast customer base and rapid economic development. The fast expansion of the market in the region is likely to be fueled by rising demand for F&B items, cosmetics, and personal care due to higher discretionary income and a growing urban population.

Competitive Landscape:

The global glucose market is fragmented. The global glucose market is competitive and comprises of numerous regional and international competitors. Players are also extensively focusing on providing consumers with innovative offerings while including functional benefits in their products. Furthermore, while engaging the consumers with innovation and expansion strategies, key players capitalize on the market revenue. Cargill Incorporated, Archer Daniels Midland Company, Ingredion Incorporated are key players in the global glucose market. Key industry players have been attempting to extend their production capacities to broaden their geographical reach and gain market share. For example, AGRANA Group announced the development of a new production plant in April 2019, a joint venture (JV) between AGRANA and The Amalgamated Sugar Company, based in the United States. The new factory was built with an estimated investment of USD 47.3 million (EUR 40 million) because the products are widely available from several local and foreign manufacturers, the market is fiercely competitive. Leading corporations are putting up efforts to increase their market share in global and regional markets by investing in R&D through their dedicated centres. In addition, capacity expansion is a common approach used by manufacturers in the market to fulfil rising demand across industry verticals such as food and beverage, pharmaceuticals, cosmetics and personal care, and industrial fermentation. Research and Creation (R&D), mergers and acquisitions, new product development, and capacity growth are all ongoing strategic development operations for big businesses. For example, in July 2017, ADM bought Chamtor SA, a company established in France, to increase its global share of the starch and sweetener business.

COVID-19 Impact: Negative impact on the global glucose market

The COVID-19 pandemic is posing an unprecedented threat to the world, with negative consequences for the global economy. The sugar substitute sector is projected to be affected by the pandemic as well. Due to supply chain disruptions, the demand-supply gap in the alternative sweeteners industry has widened. The demand for alternative sweeteners has decreased due to the operation of food and beverage processing factories with fewer employees and the closure of manufacturing facilities in several countries.

On the demand side, customers are increasingly selecting food products with health advantages and that are sugar-free, which is driving demand for calorie-free and less harmful fructose and glucose. In the short term, the impact of the pandemic on the glucose market is projected to be low to medium.

Why Purchase the Report?

• Understand the current market scenario and viability of global glucose market the forecast period
• Visualize the composition of the global glucose market in terms of source, type and application to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global glucose market - Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global glucose market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

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• Food and Beverage Companies
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