Glucose Market Analysis

Global Glucose Market Overview

Glucose Market Size was valued at USD 50.83 billion in 2021. The Glucose industry is projected to grow from 2022 to USD 78.70 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.07% during the forecast period (2022 - 2030). Escalating demand from the bakery and confectionery industry, and rising demand for natural food ingredients across the global market during the forecast period.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glucose Market Trends

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  Escalating demand from the bakery and confectionery industry to boost the glucose market growth

  
  

Glucose helps in imparting sweetness in food and beverage products. Along with that it also acts as a texture-conferring agent and flavor enhancer. It helps in preventing sugar crystallization, which is a necessary feature in confectionery products, which in turn has greatly augmented its application in the confectionery industry. Glucose is usually used in making homogeneous confectionery products such as chocolates and chewing gum. Moreover, liquid glucose is an excellent alternative to sucrose as corn syrup too has the sweetness needed in bakery products and dairy. Glucose is a kind of sweetener that helps in efficiently contributing to a much firmer and chewier texture. Liquid glucose also helps in improving the shelf life of bakery products.

The global bakery industry has been experiencing robust growth over the last few years, primarily driven by rapidly evolving consumer preferences for product varieties in taste, flavors, and freshness. Evolving consumer preferences contribute to the sector’s growth as the food industry has the highest levels of product innovation. The market growth is largely driven by changing lifestyles and growing demand for comfort food. The growth in such markets is driven by the increased health consciousness among consumers and increased consumption of indulgence food. Europe and North America are the key markets for the bakery industry generating maximum revenues. However, Asia-Pacific is expected to be the region with the fastest growth. Furthermore, as per MRFR analysis, the growing bakery industry was worth over USD 475 billion in 2020 and is projected to grow by over 6% in the next couple of years. Countries in Asia-Pacific, such as China, India, Vietnam, Thailand, and Indonesia, and in the Middle East, such as Saudi Arabia and the UAE, are some of the emerging economies that are anticipated to witness a staggering increase in bakery products consumption in the next couple of years. Additionally, the bakery industry in China has been developing hastily for the past few years, emphasized by China’s increasing middle-class population, ongoing Westernization of diets and lifestyles, and growing demand for convenience food. Furthermore, the growth potential for China’s bakery industry is unparalleled, owing to the country’s population and relatively low consumption base. The per capita consumption of bakery products in China was around 7.2 kilograms per year in 2021.

Moreover, with globalization and the acceptance of cross-cultural festivals and celebrations, the trend of gift exchange has increased across the regions. People tend to gift chocolates on various occasions such as Anniversaries, Birthdays, Valentine’s Day, and different festivals. Owing to this increasing trend of gift exchange, the chocolate industry is witnessing huge demand. Manufacturers are focusing on product innovation and market their products as suitable gift options during festivals. Numerous players are entering the chocolate market looking at the market demand. This increasing trend of chocolate as a gift has created a huge demand for chocolate. Hence, with the growing consumption of bakery and confectionery products, the glucose market is expected to increase rapidly during the review period.

Bakery products retail sales in china 2015-2021 (usd billion)

Source: Secondary Research and MRFR Analysis.

Glucose Market Segment Insights

Glucose form Insights

The glucose market segmentation, based on form, includes Syrup, and Solids. The Syrup segment held the majority share in 2021 concerning the glucose market revenue. This is due to the fruits' and vegetables' significant shelf lives and high nutritional value. Due to its widespread use in food and beverage applications. It is a liquid form of glucose that is produced by hydrolyzing starch using enzymes. The resulting syrup is then processed and refined to produce a high-quality, pure form of glucose syrup. Examples of syrup-based glucose products include corn syrup, rice syrup, and tapioca syrup. Corn syrup is the most commonly used syrup-based glucose in the food and beverage industry due to its high fructose content and low cost. Rice syrup and tapioca syrup are also used in the food and beverage industry as a substitute for corn syrup, particularly in natural and organic food products.

Figure 1: Glucose Market, by Form, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glucose Nature Insights

The glucose market segmentation, based on nature, includes Conventional, and Organic. The Conventional segment held the majority share in 2021 with respect to the glucose market revenue. One of the major factors driving the growth of the organic glucose market is the increasing demand for organic food products. Organic food products are perceived to be healthier than conventional food products because they are free from synthetic fertilizers, pesticides, and GMOs. In addition, organic food products are also perceived to be more environmentally friendly as they promote sustainable farming practices that do not harm the environment. Another factor driving the growth of the organic glucose market is the growing trend of clean-label products. Consumers are increasingly concerned about the ingredients in the food products they consume and are looking for products that have simple and recognizable ingredients.

Figure 1: Glucose Market, by Nature, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glucose Source Insights

The glucose market segmentation, based on Source, includes sugarcane, sugar beet, potato, corn, wheat, and others. the sugarcane segment held the majority share in 2021 with respect to the glucose market revenue. Sugarcane is a tall, perennial grass that grows in tropical and subtropical regions. The sugar content in sugarcane varies from 10% to 20%, which is extracted through a process called crushing. The extracted juice is then processed through various steps to produce glucose, fructose, and other sugar products. The largest producers of sugarcane are India, Brazil, China, Thailand, and the United States. India is the leading producer and exporter of sugarcane-based glucose globally. The increasing demand for sugarcane-based glucose in the food and beverage industry, as well as the pharmaceutical industry, is expected to drive the growth of the sugarcane segment in the coming years.

Figure 1: Glucose Market, by Source, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glucose Application Insights

The global market segmentation, based on application, includes Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Pulp & Paper, and Others. The Food & Beverages segment accounted for a higher market share in 2021 and Pharmaceutical is expected to witness the highest CAGR. This is due to its use in a variety of food products, including confectionery, bakery, and dairy products. For example, glucose is commonly used in soft drinks as a sweetener and to enhance the texture of the drink. Glucose is also used in the production of honey and maple syrup, which are natural sweeteners. In the confectionery industry, glucose is used as a sweetener and as a binder to help products maintain their shape. In the bakery industry, glucose is used as a source of fermentable sugars for yeast, as well as to improve texture and shelf life. In the dairy industry, glucose is used to sweeten products and to enhance their creaminess.

Figure 2: Glucose Market, by Application, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glucose Distribution Channel Insights

Based on distribution channels, the glucose industry has been segmented into Supermarkets & Hypermarkets, Specialty Stores, Online, and Others. Supermarkets & Hypermarkets held the largest segment share in 2021 and Online is expected to grow at the fastest CAGR. The retail business is changing as a result of the fast-paced evolution of the supermarket and hypermarket sectors. The main goal of supermarket and hypermarket stores is to make customers comfortable, and in order to profit from this goal, producers make an effort to display their products at these establishments. As supermarkets expand in emerging nations, their presence is becoming more prevalent in tier 2 and tier 3 cities, bringing merchandise to smaller communities. This element is helping the industry expand in emerging regions and smaller nations.

Figure 3: Glucose Market, by Distribution Channel, 2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Glucose Regional Insights

By Region, the glucose market is bifurcated into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific Glucose market accounted for the largest market share at 63.72% in 2021 and is expected to exhibit a fastest-growing 5.57% CAGR during the study period. The growth of the Glucose market in Asia-Pacific can be attributed to the growing demand for processed food and beverages, rising disposable income, and the base of a large population situated in developing countries. Major countries like China, India, and Japan play an important role in the consumption of glucose. Glucose syrup is commonly used in the production of traditional sweet snacks such as sweetened chestnuts and sweet potato strips driving market growth with key processors of Glucose targeting the region to enhance sales volumes. Moreover, China's glucose market held the largest market share, and the Indian glucose market was the fastest-growing market in the Asia-Pacific region

Further, the major countries studied are The U.S., Canada, Mexico, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, Argentina, and Brazil.

Figure 3: Global Glucose Market Share By Region  2021 & 2030 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Europe glucose Market is the second-largest market share and is expected to grow at a CAGR of 4.56% from 2022 to 2030. The growth of the glucose market in Europe can be attributed to its widely used as a sweetener and a source of energy in the food and beverage industry. It is used in the production of confectionery, dairy products, and beverages. Additionally, glucose is used in the production of various pharmaceutical products, including intravenous solutions, tablets, and syrups. It is also used in the production of diagnostic products such as glucose meters and test strips. Further, the Rest of Europe's glucose market held the largest market share, and the German glucose market held the second-largest market share and is the fastest-growing market in the European region.

North America's glucose market accounts for the market share due to being widely used as a sweetener and a source of energy in the food and beverage industry. It is used in the production of baked goods, confectionery, dairy products, and beverages. The region is also witnessing a growing demand for glucose from the personal care industry. Further, the U.S. glucose market held the largest market share, and the Canadian glucose market was the fastest-growing market in the North American region

Glucose Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Glucose market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Glucose industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the glucose industry to benefit clients and expand the glucose market sector is to manufacture locally to reduce operating costs.

Key Companies in the Glucose market include

• Archer-Daniels-Midland Company (US)


• Ingredion Incorporated (US)


• AGRANA Beteiligungs-AG (Austria)


• Tate & Lyle PLC. (United Kingdom)


• Cargill Incorporated (US)


• Roquette Frères (France)


• Kent Corporation (United States)


• Tereos SCA (France)


• Fooding Group Limited (China)


• and Global Sweeteners Holdings Limited (Hong Kong), among others

Glucose Industry Developments

September 2021 Teros Starch & Sweeteners Brazil has made an investment of more than 3 million euros in a horizontal biodigester and effluent treatment system. The facility treats the organic waste and reuses it at a capacity of 111,000 liters per hour. This new capacity is expected to support the circular economy of the company’s business by reducing the organic waste generated from effluents by around 80%.

September 2021 Agrana has made an investment worth 25 million Euros in three of its production sites dedicated to starch manufacturing. The investment of Euro 12 million in Gmund potato starch production capacity is aimed at building the capacity required for the manufacturing of dried glucose syrup, infant formula, dehydrated potato-based products, and maltodextrin.

Glucose Market Segmentation

Glucose Form Outlook

• Syrup


• Solid

Glucose Nature Outlook

• Conventional


• Organic

Glucose Source Outlook

• Sugarcane


• Sugar Beet


• Potato


• Corn


• Wheat


• Others

Glucose Application Outlook

• Food & Beverages


• Pharmaceutical


• Cosmetic & Personal Care


• Pulp & Paper


• Others

Glucose Distribution Channel Outlook

• Supermarkets & Hypermarkets


• Specialty Stores


• Online


• Others

Glucose Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia & New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America