Industrial Glucose Market Size, Industry Share, Growth And Forecast 2024-2033
Overview and Scope
Industrial glucose refers to sugar from the hydrolysis of starch from plants, including corn, barley, rice, potatoes, or wheat. It is primarily used as a sweetener in various food products, such as confectionery, biscuits, ice creams, jellies, preserves, pastries, and liquors.
Sizing and Forecast
The industrial glucose market size has grown strongly in recent years. It will grow from $43.95 billion in 2023 to $47.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growth in food and beverage industry expansion of pharmaceuticals sector, increased use in confectionery products, rising demand in biotechnology applications, adoption in animal feed industry, enhanced sweetening properties.
The industrial glucose market size is expected to see strong growth in the next few years. It will grow to $60.5 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to development of high-fructose corn syrup (hfcs), improved production efficiency, rising popularity of glucose in sports nutrition, increased use in personal care products, adoption in the biofuel production process, rise of glucose syrup in gluten-free products, focus on transparency in labeling and sourcing, rising demand for liquid glucose
Major trends in the forecast period include emphasis on sustainable and eco-friendly production, technological advancements in glucose production, innovation in glucose production technologies, development of non-gmo and organic glucose products, integration of artificial intelligence in production processes, collaboration for research and development in glucose industry.
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Segmentation & Regional Insights
The industrial glucose market covered in this report is segmented –
1) By Type: Liquid Glucose, Powder Glucose, Other Types
2) By Source: Corn, Wheat, Potato, Other Sources
3) By Grade: Standard Purity, High Purity
4) By Application: Foods And Beverages, Pharmaceuticals, Industrial, Animal Feed, Other Applications
Asia-Pacific was the largest region in the industrial glucose market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial glucose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for food and beverages is expected to propel the growth of the industrial glucose market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food products, freshly prepared foods, and alcoholic and nonalcoholic beverages. Industrial glucose adds sweetness to various foods and beverages, including baked items, jellies and sauces, canned foods, beer, and soft drinks. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, the revenue generated from food and beverage sales reached $29.85 billion (SEK 334 billion), marking a 2.9 percent growth. This growth can be attributed to a 2.5 percent rise in sales volume and a 0.4 percent uptick in the prices of food and beverages. Therefore, the increasing demand for food and beverages is driving the growth of the industrial glucose market.
Key Industry Players
Major companies operating in the industrial glucose market report are Cargill Inc., Archer Daniels Midland Co., Dr. Oetker UK Ltd., Ajinomoto Co. Inc., Ingredion Incorporated, Roquette Freres SA, Agrana Beteiligungs-AG, Tereos SCA, Tate & Lyle PLC, ACH FOOD Companies Inc., Avebe, Gujarat Ambuja Exports Limited, Manildra Group, Nihon Shokuhin Kako Co. Ltd., Luzhou Bio-chem Technology Shandong Co. Ltd., Grain Processing Corporation, Sukhjit Starch and Chemicals Ltd., Gulshan Polyols Ltd., Global Sweeteners Holdings Limited, Universal Starch-Chem Allied Ltd., H.L. Agro Products Pvt. Ltd., Baker’s Kitchen Limited, Fooding Group Limited, Devson Impex Private Limited, Foodchem International Corporation, Kasyap Sweetners Ltd., Queen Fine Foods Pty Ltd., Karandikars Cashell Private Limited, Sanstar Bio-Polymers Ltd., Xiwang Sugar Holdings Company Limited
The industrial glucose market report table of contents includes:
1. Executive Summary
2. Industrial Glucose Market Characteristics
3. Industrial Glucose Market Trends And Strategies
4. Industrial Glucose Market – Macro Economic Scenario
5. Global Industrial Glucose Market Size and Growth
……………
32. Global Industrial Glucose Market Competitive Benchmarking
33. Global Industrial Glucose Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Glucose Market
35. Industrial Glucose Market Future Outlook and Potential Analysis
36. Appendix
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