Global Glucose Market to reach USD 60.4 billion by 2027. Global Glucose Market is valued approximately USD 42.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.0 % over the forecast period 2021-2027. Glucose is widely utilized as a sweetener in the confectionery sector and is seeing an increase in demand, which is driving the market's expansion. Liquid glucose is commonly used as a preservative and to give chocolates and other homogeneous confectionery goods a smooth texture. The rise in the use of glucose in the food and beverage sector for the manufacturing of functional drinks is propelling the glucose market forward. Other aspects that influence glucose demand in the worldwide market include flavour, sweetening quality, and product life durability. The addition of maltodextrin to glucose enhances the texture and thickness of personal care products such as toothpaste, thus increasing demand for glucose. In the pharmaceutical business, glucose is used to make diabetic and other nutritional supplements. Aside from that, the negative consequences of excessive intake of added sugar in food products are anticipated to limit growth in the projection period from 2020 to 2027. Excess sugar consumption can cause fat to accumulate in the liver, resulting in fatty liver acid, which can raise the risk of diabetes and heart disease. Countries with high sugar consumption, such as the United States, are making significant efforts to reduce sugar content in final food and beverage products. American adult eats 77 grammes of sugar per day, which is more than three times the recommended amount, according to the American Heart Association (AHA).
The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Glucose market. In 2020, Asia Pacific dominated the glucose (Dextrose) market, accounting for the highest revenue share of 38.7%. Throughout the projection period of 2021 to 2027, the area is expected to maintain its lead. The presence of a large client base is one of the most important factors in determining the maximum regional market value. India and China, two of the region's biggest economies, are important income providers. The market in the area is being driven by rising demand for food and beverage goods across these nations as a result of their huge consumer base and rapid economic growth. Furthermore, the regional market value is being accelerated by the increasing expansion of key companies in the region as a result of growth prospects such as increased buying power of people and changing eating habits.
Major market player included in this report are:
Archer Daniels Midland Company (ADM)
Ingredion Incorporated
AGRANA Beteiligungs-AG
Tate & Lyle PLC
Cargill, Incorporated
Roquette Fr??res
Grain Processing Corporation
Tereos S.A.
Fooding Group Limited
Global Sweeteners Holdings Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
Syrup
Solid
By Application:
Food & Beverages
Pharmaceutical
Cosmetic & Personal Care
Pulp & Paper
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Glucose Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors