![]() |
Market Research Report
Product code
1089164
Glucose Global Market Report 2022 |
Glucose Global Market Report 2022 |
Published: Pre-Order
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
|
“Glucose Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global glucose market.
This report focuses on glucose market which is experiencing strong growth. The report gives a guide to the glucose market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the glucose? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Glucose market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider glucose market, and compares it with other markets.
Major players in the glucose market are: Archer Daniels Midland Company (ADM), Ingredion Incorporated, Agrana, Tate & Lyle, Cargill Inc, Roquette Freres, Grain Processing Corporation, Tereos, Gulshan Polyols, Global Sweeteners Holdings Limited, and Avebe Group.
The global glucose market is expected to grow from $44.0 billion in 2021 to $47.84 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The glucose market is expected to grow to $58.65 billion in 2026 at a CAGR of 5.2%.
The glucose market consists of sales of glucose products by entities (organizations, sole proprietorships, and partnerships) that are used to deliver carbohydrate calories when a person is unable to eat due to illness, 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.
The main types of forms of glucose are syrup and solid. Glucose syrup is a refined and concentrated solution of dextrose, maltose, and higher saccharides, obtained by hydrolysis of starch. The different sources include wheat, corn, and others, and are used in food and beverage, pharmaceutical, cosmetics, personal care, pulp, and paper, among others.
North America was the largest region in the glucose market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the glucose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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, according to the National Confectioners Association (NCA), from March 2020 to August 2020, there is an increase in the consumption of chocolate during pandemic times. Also, during this time, sales of premium chocolate in the grocery channel increased up to 21.4% compared to the last year, and the chocolate segment in retail sales and grocery stores increased to 17.9%. Therefore, increasing demand from the bakery and confectionery sector is driving the growth of the glucose market.
The introduction of low sugar glucose syrup has emerged as a key trend gaining popularity in the glucose market. Major companies operating in the glucose market are focused on the introduction of low-sugar glucose syrups to meet consumer demand and reinforce their position. For instance, in November 2020, Ingredion, a US-based company that manufactures glucose-related products launched a stable sweet low sugar glucose syrup. It is manufactured with the help of corn. The company would bring these stable sweet low sugar glucose syrups in different forms such as chewy sweets, lollipops, hard-boiled candy, jellies, and gummies. This helps to reduce stickiness and sugar recrystallization of the final product while providing improved color and shelf-life stability.
In July 2020, Ingredion Incorporated, a US-based food company acquired PureCircle Limited for an undisclosed amount. The acquisition resulted in the extension of the Ingredion Incorporated product portfolio with PureCircles' global innovation and manufacturing expertise. PureCircle Limited is a US-based company that manufactures plant-based stevia sweeteners and glucose syrup.
The countries covered in the glucose market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.