The Business Research Company’s Industrial Glucose Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Industrial Glucose Global Market Report 2023 evaluates industrial glucose market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global industrial glucose market is expected to grow from $40.87 billion in 2022 to $43.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The industrial glucose market is expected to reach $56.57 billion in 2027 at a CAGR of 6.5%.
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 March 2021, according to a report shared by Farm Credit Canada, a Canada-based financial services company, manufacturing sales of food and beverages climbed 3.5% year-over-year (YoY) in 2020, from $118.7 billion to $122.9 billion. Therefore, the increasing demand for food and beverages is driving the growth of the industrial glucose market.
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The industrial glucose market segments in the report are:
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
The table of contents in TBRC’s industrial glucose market report 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
Top Major Players:
Archer Daniels Midland Co.
Dr. Oetker UK Ltd
Ajinomoto Co. Inc.
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