Global glucose market was valued at USD 42.9 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 5.0%) between 2020 and 2028. The market is driven by the increasing demand for sugary drinks, bakery products, and other food and beverage products that use glucose (dextrose). Glucose is in high demand across many industries, including food and beverage, pharmaceutical, cosmetic, personal care and pulp and paper. It is used as a flavor enhancer and stabilizer, texture enhancer and adjunct, preservative, coating and bulking agent, as well as a preservative and coating agent. It is able to prevent crystallization of sugar molecules within confectionaries. These are some of the many benefits that glucose has that are driving its use and demand around the world.
The highest revenue share in the U.S. market was held by the glucose syrup segment. Because of the high availability of corn starch in the United States, glucose is mainly derived from corn syrup. The FDA has approved the use of glucose syrup/corn syrup by manufacturers under 21CFR184.1865. The syrup segment has been dominant in the market.
Chemically, glucose and dextrose have the same chemical structure and are often referred to interchangeably. According to the National Center for Biotechnology Information (NCBI), glucose can also be called dextrose, d-glucose or glucose. Hypoglycemia is a medical condition in which the blood sugar or glucose levels of a person are lower than normal. Dextrose injections can be used to treat it. If the patient is unable to drink enough liquid, or if additional liquid is required, these injections can provide extra water and carbohydrates (calories derived from sugar).
The main factor driving demand for glucose or dextrose is the expanding use of the product in the end-use sector. It is widely used in food and beverage as a sweetener and thickener and as a moisture-retaining agent. In the pharmaceutical industry, glucose is used to treat low sugar, acute alcohol poisoning, sulfonylurea addiction, sulfonylurea hyperdose, insulin overdose, insulin intoxication in children, high blood potassium, or hyperkalemia.
Cosmeticsinfo.org is a website sponsored and maintained by The Personal Care Products Council and its member companies. It reports that glucose is used in cosmetics, personal care, and other product formulations such as skincare, hair care products and cleaning products. Their use in each market is due to the functions of glucose, including flavoring agent and humectant as well as skin-conditioning agents.
Covid-19 has had a negative impact on the market's growth due to the lockdowns that were announced by the governments of each country in order to stop the spread of the disease. Due to disruptions in supply chain models, there has been an increase in the supply and demand gap across the international market. For that period, the per capita incomes of these countries have been negatively affected, which has led to decreased sales revenue for manufacturers in end-use sectors such as food and beverage, pharmaceutical, pulp and paper, and other.
The side effects of excessive sugar consumption in food products are expected to limit growth over the period 2020-2028. Sugar intake can lead to excess fat accumulation, which can then turn into fatty liver acids. This can increase your risk of developing diabetes and other heart diseases. America is one of the countries that has a high sugar consumption. They are working hard to reduce it in final food and beverage products.
The American Heart Association (AHA) states that an American adult consumes 77g of sugar daily, more than three times the recommended limit. Men and women have different amounts of sugar. It is 150 calories for men (equals 37.5g, 9 teaspoons), and 100 calories for women (equals 25g, 6 teaspoons). The AHA also recommends that men not consume more than 150 calories per day of added sugar, while women should limit their intake to 100 calories.
The market was dominated by the syrup segment, which accounted for 71.2% of the total revenue share in 2020. It is expected to continue its dominance over the forecast period. It's basically liquid glucose that is derived from corn, but also from other cereal grains like wheat, rice and barley. AGRANA Beteiligungs-AG, for example, offers a range of glucose syrups under the brand AGENABON. The majority of them are made from wheat and corn.
Glucose syrup, also known as liquid glucose, is often available in a colorless form. It has a wide range of applications across food and beverages. These include bakery products, candy, beer, fondant and chocolate. Its beneficial properties include taste enhancement, bulking and moisture-retaining. They also prevent crystallization and lower freezing point.
The market for glucose syrup is constantly evolving with the introduction of non-GMO, low sugar, organic, vegan and organic syrups. These advanced products are becoming more popular in the global market because of their health benefits and lack of chemical pesticides, chemical fertilizers or chemical preservatives. These health benefits, along with antibiotic resistance, pesticide cutback and stronger immune system, are all reasons organic foods are growing in popularity. Organic products are also poison-free, non-GMO, and have lower chances of food-borne illnesses. AGENABON (organic sugar syrup solids), for example, helps to reduce microbiological spoilage and syneresis. This organic syrup, which is sold under the brand AGENABON, is recommended for organic and non GMO products like ice cream, sauces, ketchup, and spices.
Food and beverages dominated the market, with 53.4% of the total revenue. It is expected that the application segment will continue to dominate the market during the 2028 forecast. The market's largest revenue share is due to the wider application segment, which includes bakery, confectionery, dairy, soups and dressings, sauces, and beverages. The market is experiencing rapid growth due to the increased research and development activities of major industry players for the development and modification of existing products.
Market growth is being supported by the increasing demand for confectionery and bakery products, due to changing eating habits and growing urbanization. Dextrose is a good ingredient for baking products. It's easy to ferment, helps with bread making and browning, and it prevents crystallization in syrups and candies. It is therefore a good ingredient for baking products.
In confectionery applications, glucose (dextrose), is an important ingredient. It helps maintain the sweetness of sweets and enhances product quality. The most common products found in the confectionery sector that use glucose are gum and jelly products and hard candy. Market value is rising due to the increased marketing efforts by confectionary manufacturers, especially those that target children and adults.
According to forecasts, the cosmetics and personal care segment will experience the most growth between 2020-2028. This is due to the growing demand for personal and cosmetic care products by consumers in order to improve hygiene, self-esteem and well-being. To ensure safety, these products are regulated. Manufacturers are constantly looking for natural alternatives to synthetic sugars in order to meet the evolving regulations. In the EU, new products must be subject to a scientific safety assessment prior to being released on the market.
There is a new trend in cosmetics and personal care products for women. This includes new products from local brands as well as artisanal and natural products. This trend is expected to grow in a variety of cosmetics and personal products, including lipstick, skin care, and skincare. Women are increasingly looking for natural, clean, and even healthy products, especially in the area of skincare. Social media marketing techniques are supporting this trend, both in the international and local markets. This is because manufacturers can now easily connect with their target market through these platforms.
Asia Pacific was the dominant market for glucose (Dextrose), accounting for 38.7% of the total revenue share in 2020. It is expected to maintain its dominance over the entire forecast period of 2020-2028. A large customer base is a key factor in achieving the highest regional market value. Major revenue contributors to the region are China and India, which are both major economies. These countries' large customer base and rapid economic development are driving the market.
Market growth is expected to be supported by the increasing demand for F&B and cosmetic products, as well as the growing urban population. The region's growing market value is also being accelerated by the expansion of key players due to growth opportunities such as rising purchasing power and changing eating habits.
Asia Pacific will be followed by the Middle East and Africa in 2020 in terms of revenue share (%),. The region is expected to remain at the top during the forecast period. The region's market value is being boosted by the booming tourism industry in countries like Saudi Arabia and the UAE. The region's market value is further supported by the constantly rising demand for natural ingredients and products from countries like South Africa, Saudi Arabia, UAE, and other Arab countries.
Europe is growing rapidly due to its major economies, including the U.K. and Germany. The current market demand is driven by organic, clean label, natural products. Europe's aging population is causing consumers to look for healthier options such as fresh, organic, and ethnic foods. As it has been in production for over a century, the region's dominant product is glucose syrup.
The U.S. was the dominant market in North America in 2020, in terms of revenue share. It is expected to continue leading the region market for the duration of the forecast period. This is due to the high consumption of sugar products in America. Market growth is supported by the high demand for sugar confectionaries, including chocolates and candies, due to their emotional benefits as well as being used occasionally as gifts.
Because the products are readily available from a wide range of global and local manufacturers, this market is extremely competitive. Companies are investing in R&D at their designated centers to increase their market share. In order to meet growing demand in all industry verticals (F&B, pharmaceuticals, cosmetics, personal care, industrial fermentation), capacity expansion is a key strategy.
The main players are involved in strategic development activities related to Research and Development (R&D), acquisitions and mergers, new product development and capacity expansion. ADM acquired Chamtor SA from France in July 2017 in order to increase its global share of the sweetener and starch market. The following are some of the most prominent players in the global glucose market (dextrose).
Archer Daniels Midland Company, (ADM).
Tate & Lyle PLC
Grain Processing Corporation
Fooding Group Limited
Global Sweeteners Holdings Limited
Up Market Research published a new report titled “Glucose Market research report which is segmented by Application (F&B, Pharmaceutical, Pulp & Paper, Cosmetic & Personal Care), by Form (Solid, Syrup), By Players/Companies Global Sweeteners Holdings Limited, Cargill Incorporated, Archer Daniels Midland Company (ADM), Tereos SA, Roquette Fr¨res, Fooding Group Limited, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Ingredion Incorporated, Grain Processing Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Glucose Market Research Report|
|By Application||F&B, Pharmaceutical, Pulp & Paper, Cosmetic & Personal Care|
|By Form||Solid, Syrup|
|By Companies||Global Sweeteners Holdings Limited, Cargill Incorporated, Archer Daniels Midland Company (ADM), Tereos SA, Roquette Fr¨res, Fooding Group Limited, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Ingredion Incorporated, Grain Processing Corporation|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||205|
|Number of Tables & Figures||144|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (F&B, Pharmaceutical, Pulp & Paper, Cosmetic & Personal Care), by Form (Solid, Syrup).
Glucose Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Glucose Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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