Glucose Market
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
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $48.20 BN |
|
Projected Year Value (2028) |
US $72.33 BN |
|
CAGR (2022 - 2028) |
7.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Glucose Market, By Type
5.1 Introduction
5.2 D-Glucose Monohydrate
5.3 Anhydrous Glucose
6 Global Glucose Market, By Form
6.1 Introduction
6.2 Syrup
6.3 Solid
7 Global Glucose Market, By Source
7.1 Introduction
7.2 Plants
7.2.1 Wheat Starch
7.2.2 Corn Starch
7.3 Animals
7.4 Chemicals
8 Global Glucose Market, By Nature
8.1 Introduction
8.2 Organic
8.3 Synthetic
9 Global Glucose Market, By Application
9.1 Introduction
9.2 Food & Beverages
9.2.1 Bakery & Confectionery
9.2.2 Snacks and Breakfast (Cereals)
9.2.3 Soups, Dressings & Sauces
9.2.4 Dairy Products
9.3 Animal Feed
9.4 Medicine
10 Global Glucose Market, By End User
10.1 Introduction
10.2 Pharmaceutical
10.3 Cosmetic & Personal Care
10.4 Pulp & Paper
10.5 Nutraceuticals
10.6 Animal Husbandry
11 Global Glucose Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Archer Daniels Midland Company (ADM)
13.2 Cargill, Incorporated
13.3 Ingredion Incorporated
13.4 Tereos S.A.
13.5 AGRANA Beteiligungs-AG
13.6 Grain Processing Corporation
13.7 Tate & Lyle PLC
13.8 Roquette Frères
13.9 Gulshan Polyols
13.10 Pfizer, Inc
13.11 Fooding Group Limited
13.12 Global Sweeteners Holdings Limited
List of Tables
1 Global Glucose Market Outlook, By Region (2020-2028) ($MN)
2 Global Glucose Market Outlook, By Type (2020-2028) ($MN)
3 Global Glucose Market Outlook, By D-Glucose Monohydrate (2020-2028) ($MN)
4 Global Glucose Market Outlook, By Anhydrous Glucose (2020-2028) ($MN)
5 Global Glucose Market Outlook, By Form (2020-2028) ($MN)
6 Global Glucose Market Outlook, By Syrup (2020-2028) ($MN)
7 Global Glucose Market Outlook, By Solid (2020-2028) ($MN)
8 Global Glucose Market Outlook, By Source (2020-2028) ($MN)
9 Global Glucose Market Outlook, By Plants (2020-2028) ($MN)
10 Global Glucose Market Outlook, By Wheat Starch (2020-2028) ($MN)
11 Global Glucose Market Outlook, By Corn Starch (2020-2028) ($MN)
12 Global Glucose Market Outlook, By Animals (2020-2028) ($MN)
13 Global Glucose Market Outlook, By Chemicals (2020-2028) ($MN)
14 Global Glucose Market Outlook, By Nature (2020-2028) ($MN)
15 Global Glucose Market Outlook, By Organic (2020-2028) ($MN)
16 Global Glucose Market Outlook, By Synthetic (2020-2028) ($MN)
17 Global Glucose Market Outlook, By Application (2020-2028) ($MN)
18 Global Glucose Market Outlook, By Food & Beverages (2020-2028) ($MN)
19 Global Glucose Market Outlook, By Bakery & Confectionery (2020-2028) ($MN)
20 Global Glucose Market Outlook, By Snacks and Breakfast (Cereals) (2020-2028) ($MN)
21 Global Glucose Market Outlook, By Soups, Dressings & Sauces (2020-2028) ($MN)
22 Global Glucose Market Outlook, By Dairy Products (2020-2028) ($MN)
23 Global Glucose Market Outlook, By Animal Feed (2020-2028) ($MN)
24 Global Glucose Market Outlook, By Medicine (2020-2028) ($MN)
25 Global Glucose Market Outlook, By End User (2020-2028) ($MN)
26 Global Glucose Market Outlook, By Pharmaceutical (2020-2028) ($MN)
27 Global Glucose Market Outlook, By Cosmetic & Personal Care (2020-2028) ($MN)
28 Global Glucose Market Outlook, By Pulp & Paper (2020-2028) ($MN)
29 Global Glucose Market Outlook, By Nutraceuticals (2020-2028) ($MN)
30 Global Glucose Market Outlook, By Animal Husbandry (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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