Glucose Market Trends

ID: MRFR/F-B & N/10307-CR

128 Pages

Snehal Singh

June 2023

Glucose Market Research Report Information By Form (Syrup, and Solid), Nature (Conventional, and, Organic), By Source (Sugarcane, Sugar Beet, Potato, Corn, Wheat, and Others), By Application (Food & Beverages, Pharmaceutical, Cosmetic & Personal Care, Pulp & Paper, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online and Others), And By Reg...

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Market Trends

Key Emerging Trends in the Glucose Market

The dynamics of the glucose market are influenced by a combination of factors that span consumer preferences, industrial applications, and health considerations. One of the key drivers shaping the market dynamics is the increasing awareness of sugar-related health concerns, leading consumers and food manufacturers to seek alternatives like glucose. As a versatile sweetener, glucose serves as a substitute for sucrose and high-fructose corn syrup in various food and beverage applications, driving its demand in the market.

Changing dietary preferences and the global shift towards healthier lifestyles have played a significant role in shaping the glucose market dynamics. Consumers are increasingly inclined towards low-calorie and low-sugar alternatives, prompting food and beverage manufacturers to reformulate products with glucose as a sweetening agent. The market has witnessed a surge in the development of glucose-based products catering to health-conscious consumers, including energy drinks, sports beverages, and sugar-free confectionery items. This shift reflects a broader trend in the food industry, emphasizing the reduction of added sugars to address growing concerns related to obesity and other health issues.

The industrial applications of glucose contribute significantly to the market dynamics. Glucose, derived from corn or other starches, is a key ingredient in the production of various food products, pharmaceuticals, and industrial goods. Its role as a sweetener, texturizing agent, and source of energy in processed foods is crucial for achieving desired product attributes. The pharmaceutical industry also utilizes glucose as an essential component in medicines, intravenous fluids, and oral rehydration solutions. The multi-faceted applications of glucose contribute to its steady demand and influence market dynamics, particularly in the context of evolving industrial needs.

The global nature of the food industry and international trade patterns further impact the glucose market dynamics. As a widely traded commodity, glucose faces fluctuations in pricing influenced by factors such as crop yields, weather conditions, and geopolitical events. Market dynamics are also shaped by the competition among key glucose-producing regions, with variations in production costs and supply chain logistics influencing global market trends. The interconnectedness of the global economy plays a pivotal role in determining the accessibility and pricing of glucose on a worldwide scale.

The rise of alternative sweeteners and natural sugar substitutes has introduced a layer of complexity to the glucose market dynamics. While glucose is a naturally occurring sugar, the market faces competition from artificial sweeteners and plant-based sugar substitutes. Consumer preferences for healthier and more natural options have led to the exploration of alternative sweetening agents, challenging the dominance of traditional sugars, including glucose. The industry's response to this trend involves continuous innovation, such as producing glucose from alternative sources or developing hybrid sweeteners that combine the benefits of both natural and artificial options.

Government regulations and policies related to food safety, labeling, and nutritional content contribute to the glucose market dynamics. Increasing scrutiny of sugar content in food products has led to regulatory interventions, encouraging the industry to adopt transparent labeling practices and reformulate products to meet nutritional guidelines. This regulatory landscape influences the formulation and marketing strategies of glucose-based products, shaping the market dynamics by aligning them with evolving consumer expectations and regulatory requirements.

Supply chain efficiency and sustainability considerations also play a role in the glucose market dynamics. The industry is challenged to balance the need for a consistent and reliable supply of glucose with environmental and social responsibility. Sustainable sourcing of raw materials, efficient production processes, and responsible waste management practices contribute to the market dynamics by addressing the growing demand for ethically produced and environmentally friendly products.

Market Highlights

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future Analysis, the Global Glucose Market was valued at USD 50.83 billion in 2021 and is projected to reach USD 78.70 billion by 2030, growing at a CAGR of 5.07% from 2022 to 2030. The growth is driven by increasing demand from the bakery and confectionery industries, where glucose serves as a sweetener, texture agent, and flavor enhancer. The Asia-Pacific region is expected to exhibit the fastest growth, supported by rising disposable incomes and changing consumer preferences. The market is segmented by form, nature, source, application, and distribution channel, with syrup and conventional glucose dominating the market share in 2021.

Key Market Trends & Highlights

Key trends influencing the glucose market include rising health consciousness and evolving consumer preferences.

The bakery industry was valued at over USD 475 billion in 2020 and is projected to grow by over 6% in the next couple of years.
Asia-Pacific accounted for 63.72% of the glucose market share in 2021 and is expected to grow at a CAGR of 5.57%.
The Food & Beverages segment held the largest market share in 2021, with pharmaceuticals expected to witness the highest CAGR.
Supermarkets & Hypermarkets held the largest distribution channel share in 2021, while online sales are expected to grow at the fastest CAGR.

Market Size & Forecast

2021 Market Size	USD 50.83 Billion
2030 Market Size	USD 78.70 Billion
CAGR from 2022 to 2030	5.07%
Largest Regional Market Share in 2021	Asia-Pacific.

Major Players

Key companies include Archer-Daniels-Midland Company, Ingredion Incorporated, AGRANA Beteiligungs-AG, Tate & Lyle PLC, Cargill Incorporated, Roquette Frères, Kent Corporation, Tereos SCA, Fooding Group Limited, and Global Sweeteners Holdings Limited.

Market Trends

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)

The demand for glucose is projected to rise as consumers increasingly seek natural sweeteners and food manufacturers adapt to health-conscious trends.

U.S. Department of Agriculture

Glucose Market Market Drivers

Market Trends and Projections

The Global Glucose Market Industry is characterized by various trends and projections that indicate its future trajectory. The market is expected to grow from 56.8 USD Billion in 2024 to 100.8 USD Billion by 2035, reflecting a robust demand across multiple sectors. The anticipated compound annual growth rate of 5.35% from 2025 to 2035 suggests a steady expansion, driven by factors such as increased consumption in food and beverage industries, technological advancements, and changing consumer preferences. These trends highlight the dynamic nature of the Global Glucose Market Industry and its potential for sustained growth.

Rising Demand for Processed Foods

The Global Glucose Market Industry is experiencing a surge in demand for processed foods, which often utilize glucose as a key ingredient. As consumer preferences shift towards convenience, the processed food sector is projected to expand significantly. In 2024, the market value is estimated at 56.8 USD Billion, reflecting the increasing incorporation of glucose in various food products. This trend is likely to continue, driven by the growing population and urbanization, which further boosts the demand for ready-to-eat meals and snacks. Consequently, the Global Glucose Market Industry is positioned to benefit from this evolving consumer landscape.

Expansion of the Beverage Industry

The beverage industry plays a crucial role in the Global Glucose Market Industry, as glucose is widely used as a sweetener in soft drinks, energy drinks, and alcoholic beverages. The ongoing expansion of this sector is likely to propel glucose consumption, with the market expected to reach 100.8 USD Billion by 2035. This growth can be attributed to changing consumer preferences towards flavored and functional beverages, which often contain glucose for enhanced taste and energy. As manufacturers innovate and diversify their product offerings, the demand for glucose is anticipated to rise, further solidifying its importance in the beverage sector.

Regulatory Support for Bio-based Products

Regulatory support for bio-based products is emerging as a key driver for the Global Glucose Market Industry. Governments worldwide are increasingly promoting the use of renewable resources and sustainable practices, which includes the production of glucose from bio-based materials. This support is likely to enhance the market's growth, as manufacturers align their practices with environmental regulations and consumer expectations for sustainability. As a result, the Global Glucose Market Industry may witness a shift towards more eco-friendly production methods, potentially attracting new investments and fostering innovation in glucose applications.

Growing Health Consciousness Among Consumers

The Global Glucose Market Industry is also being shaped by the increasing health consciousness among consumers. As individuals become more aware of dietary choices and their implications on health, there is a rising demand for natural and low-calorie sweeteners. This trend may lead to a shift in glucose consumption patterns, with a potential increase in the use of glucose derived from natural sources. Manufacturers are likely to respond by developing healthier alternatives, thereby expanding their product lines to cater to this evolving consumer preference. This dynamic could reshape the landscape of the Global Glucose Market Industry in the coming years.

Technological Advancements in Glucose Production

Technological advancements in glucose production processes are significantly influencing the Global Glucose Market Industry. Innovations such as enzymatic hydrolysis and fermentation techniques are enhancing the efficiency and yield of glucose extraction from various sources, including corn and cassava. These advancements not only reduce production costs but also improve the quality of glucose, making it more appealing to manufacturers. As a result, the market is likely to experience a compound annual growth rate of 5.35% from 2025 to 2035, reflecting the positive impact of technology on glucose production and its subsequent applications across multiple industries.

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)