Glucose Market is predicted to reach USD 78.70 billion at a CAGR of 5.07% during the forecast period 2030

Market Research Future (MRFR) has published on the “Glucose Market”

Market Synopsis

According to the MRFR 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 at a CAGR of 5.07%.

Glucose is among the most prevalent carbohydrates and is classified as a reducing sugar, an aldose, a monosaccharide, and a hexose. It is usually derived from various sources such as sugarcane, sugar beet, potato, corn, wheat, and others.

The increased production of various types of sources which are eventually used to make glucose is likely to boost its market growth. For instance, in January 2020, according to Union Agriculture Minister Narendra Singh Tomar, India's potato production surged by 51% to 52.5 billion tons (MT) during more than ten years. The minister further stated that in 2008, its production had reached 34.7 MT. Mr. Tomar predicted that through 2050, potato production would increase by around 3% annually. After China, India is the second-largest producer of potatoes worldwide. Both nations contribute 38% of the world's total potato production between them. Besides this, the large pool of people suffering from diabetes coupled with increased strategies adopted by key players to expand its product portfolio and better serve the customers is likely to propel its market growth.

For example, in September 2019, Sanofi and Abbott entered a partnership to integrate glucose monitoring and insulin delivery technology, which helped to make managing diabetes even easier for those who have it. By creating solutions that integrate cutting-edge FreeStyle Libre technology with insulin dosing information for upcoming smart pens, insulin titration apps, and cloud software, the two businesses will adopt an innovative approach to linked care. The non-exclusive partnership will first allow data sharing, with the user's permission, between connected insulin pens from Sanofi and Abbott, which are presently being developed, and Abbott's FreeStyle Libre mobile app and cloud software. Together with their doctors, patients with diabetes will be able to make more educated decisions about their care, including choices for diet, exercise, and lifestyle. The FreeStyle Libre system and its related digital health tools will be interoperable with connected pens, applications, and cloud software that Sanofi is currently developing. Depending on local regulatory permissions, the two businesses hope to make this available to patients with diabetes within the next five years.

One of the key drivers for the worldwide market is escalating demand from the bakery and confectionery industry. However, side effects associated with the excess consumption of added sugar may limit growth. Hence, the flourishing cosmetic sector among consumers and increasing applications of glucose from various application industries options growth opportunities for players operating in the glucose market during the forecast period.

COVID-19 Impact on Glucose Market

The advent of the global pandemic, COVID-19, has resulted in creating a global crisis across the world. Impacting over 195 countries, the outbreak has already created an economic backdrop worldwide. The global pandemic created a chaotic environment, thereby resulting in the advent of global rescission. With the rapidly rising cases, the global plant-based food ingredients market got heavily affected in many ways majorly in the period of 2020-2021. COVID-19 has resulted in creating immense pressure across supermarkets & hypermarkets, retail stores, and food suppliers. As a result of increasing panic among consumers for food, stockpiling food had become a common phenomenon across the globe during the Covid period. Owing to this, vendors active in the global glucose market witnessed a hike in demand for their products. Increasing consumption of convenience food has led to a surge in the consumption of glucose, which in turn impacts the sale of the glucose market. However, the biggest concern was logistics. Owing to the increasing number of COVID-19 infections, restrictions on vehicular movement were increasing. Transportation is crucial in the supply chain of any market, as it is responsible for transferring goods from the manufacturers to the end user. The pandemic had carried the conveyance of goods to a near halt crosswise the globe to stop the spread of the virus. Trucking had arisen as an important bottleneck in the global supply chain for whole thing from food to medical supplies as governments took severe steps to cover the pandemic, constraining the movement. The availability of the workforce seemed to be disrupting the supply chain of the global glucose market as the lockdown and the spread of the virus were pushing people to stay indoors. The performance of the glucose manufacturers and the transportation of the goods are interdependent. If the manufacturing activity is brought to a halt, then transportation and, by extension, the supply chain also come to a halt. The loading and unloading of the products, i.e., raw materials and end products, which require a lot of manpower were also heavily impacted due to the pandemic.

Glucose is made from various crops such as corn, wheat, and other Syrup. Corn/ maize is the key ingredient in the manufacturing of glucose. These are processed in factory settings to obtain glucose such as glucose powder, and corn syrup. With barriers to cross-border transportation of commodities due to the pandemic, the glucose manufacturers had become dependent on the local raw materials suppliers, increasing the bargaining power of suppliers. The outbreak of the COVID-19 pandemic and the subsequent implementation of lockdown strategies have had a significant impact on various industries across the globe. This pandemic has resulted in increasing concerns among food & beverage producers about the need to prevent viral infections. Consumers are increasingly inclined towards products providing health benefits. Consumers are turning towards organic, clean-label products due to the growing awareness of the health benefits of organic products.

Competitive Landscape

The global glucose market is fragmented and consists of many organized and unorganized industry players. The key players in the global Glucose Market are focusing on growth strategies such as innovation in products and developing technologies on a global level to gain a maximum share of the global market. The key players operating in the global 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), Global Sweeteners Holdings Limited (Hong Kong), and Others.

Segmentation

By Form

1. Syrup: Syrup-based glucose dominates the global glucose market 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.


2. Solid: Solid-based glucose is a type of glucose that is commonly used in the pharmaceutical and personal care industries. It is a solid form of glucose that is produced by spray drying glucose syrup or by co-crystallization of glucose and other sugars. The resulting solid glucose is then milled into a fine powder. Examples of solid-based glucose products include dextrose monohydrate, anhydrous dextrose, and crystalline fructose. Dextrose monohydrate is the most commonly used solid-based glucose in the pharmaceutical industry as a source of energy and as a diluent in tablet formulations. Anhydrous dextrose and crystalline fructose are used in the personal care industry as a humectant, emollient, and texturizer in various personal care products such as lotions, creams, and toothpaste.

By Nature

1. Organic: Organic glucose is produced from organic raw materials, such as organic corn or organic rice, without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs). The demand for organic glucose is increasing due to the growing trend of healthy eating and the increasing awareness of the harmful effects of chemicals used in conventional agriculture. 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. Organic glucose fits this criterion as it is produced from organic raw materials without the use of synthetic fertilizers, pesticides, or GMOs.


2. Conventional: Conventional glucose is produced from conventional raw materials, such as corn or wheat, using conventional farming practices. Conventional glucose is still preferred in some applications, such as the production of soft drinks, confectionery products, and bakery products. It is also stated that the increasing demand for processed foods and the growing population is driving the market growth. One of the major advantages of conventional glucose is its low cost. Conventional glucose is produced using conventional farming practices that are more efficient and cost-effective than organic farming practices. As a result, conventional glucose is cheaper than organic glucose, making it more affordable for manufacturers. Another advantage of conventional glucose is its easy availability. Conventional glucose is widely available in the market and can be easily sourced by manufacturers. In addition, conventional glucose can be produced in large quantities to meet the demand of manufacturers.

By Source

1. Sugarcane: 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 United States. India is the leading producer and exporter of sugarcane-based glucose globally.


2. Sugar Beet: Sugar beet is a root vegetable that is grown in temperate regions. The sugar content in sugar beet varies from 15% to 20%, which is extracted through a process called slicing. The extracted juice is then processed through various steps to produce glucose, fructose, and other sugar products. The largest producers of sugar beet are Russia, France, Germany, and the United States. Europe is the largest consumer of sugar beet-based glucose, owing to its extensive usage in the food and beverage industry. The increasing demand for sugar beet-based glucose in the confectionery industry, as well as the pharmaceutical industry, is expected to drive the growth of the sugar beet segment in the coming years.


3. Potato: Potato is a starchy root vegetable that is grown in temperate regions. The sugar content in potato varies from 1% to 4%, which is extracted through a process called hydrolysis. The extracted juice is then processed through various steps to produce glucose, fructose, and other sugar products. The largest producers of potato-based glucose are China, Russia, and India. Potato-based glucose is mainly used in the food and beverage industry, particularly in the production of baked goods and snacks. The increasing demand for potato-based glucose in the processed food industry, as well as the pharmaceutical industry, is expected to drive the growth of the potato segment in the coming years..


4. Corn: Corn is another significant source of glucose production globally, accounting for nearly 3% of the total glucose production. Corn is a cereal grain that is grown in temperate regions. The sugar content in corn varies from 1% to 4%, which is extracted through a process called milling. The extracted juice is then processed through various steps to produce glucose, fructose, and other sugar products. The largest producers of corn-based glucose are the United States, China, and Brazil. Corn-based glucose is mainly used in the food and beverage industry, particularly in the production of soft drinks and confectionery items. The increasing demand for corn-based glucose in the processed food industry, as well as the pharmaceutical industry, is expected to drive the growth of the corn segment in the coming years.


5. Wheat: Wheat is a cereal grain that is primarily grown for its edible seeds. It is a relatively minor source of glucose production, accounting for less than 1% of total glucose production. The sugar content in wheat varies from 1% to 2%, which is extracted through a process called hydrolysis. The extracted juice is then processed through various steps to produce glucose, fructose, and other sugar products. Wheat-based glucose finds its usage in the food and beverage industry, particularly in the production of baked goods, confectionery, and snacks. Wheat-based glucose is also used in the pharmaceutical industry for the production of oral suspensions and syrups. The largest producers of wheat-based glucose are Russia, China, Europe, India, and North America. Despite being a minor source of glucose production, wheat is a staple crop in many countries and plays a crucial role in feeding the global population. However, the growth of the wheat-based glucose segment is expected to be limited in the coming years due to the availability of more efficient sources of glucose production.


6. Others: The "Others" category comprises various sources of glucose production that are not significant enough to have a separate sub-segment. These sources include rice, cassava, sweet potato, barley, and other cereal grains. The sugar content in these sources varies, but they are typically extracted through processes like hydrolysis, crushing, or milling, similar to other sources of glucose production. The usage of "Others" based glucose varies widely, depending on the source and the region. For instance, rice-based glucose is mainly used in Asia, particularly in the production of fermented products like sake and soy sauce. Cassava-based glucose is used in Africa and Latin America for the production of baked goods and confectionery items.

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By Application

1. Food & Beverages: The food and beverage industry is one of the largest consumers of glucose. Glucose is used 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. In addition, glucose is used as a source of energy in sports drinks and energy bars. For example, energy bars and gels used by athletes contain glucose as a primary ingredient to provide a quick source of energy during physical activity. The increasing demand for low-calorie sweeteners has also led to the use of glucose as a sugar substitute in the food and beverages industry.


2. Pharmaceutical: Glucose is a raw material that is a substance added to a drug to improve its stability, solubility, or bioavailability used in the production of various pharmaceutical products. It is used as a diluent in tablets, as a source of energy in intravenous solutions, and as a sweetening agent in syrups and suspensions. For example, glucose is used as an excipient in the production of antibiotics, vitamins, and other medications. Glucose is also used as a carrier for some drugs to help them reach their target site in the body. Additionally, glucose is used as a diagnostic tool in medical tests, such as the glucose tolerance test, which measures how well the body can process glucose.


3. Cosmetics & Personal Care: In the cosmetic and personal care industry, glucose is used as a humectant, which is a substance that helps to retain moisture in the skin. It is also used as a thickener and stabilizer in cosmetic products. Glucose is a natural ingredient that is well-tolerated by the skin, making it an attractive option for manufacturers of natural and organic cosmetic products. With the growing demand for natural and sustainable personal care products, the cosmetic and personal care industry is expected to drive demand for glucose in the coming years.


4. Pulp And Paper: In the pulp and paper industry, glucose is used as a carbon source for microbial growth in the production of enzymes used in the papermaking process. It is also used as a coagulant in the production of paper and in the treatment of wastewater generated by paper mills. The increasing demand for eco-friendly and sustainable products has led to the use of glucose in the production of biodegradable paper products. Glucose-based paper products are environmentally friendly and can be easily decomposed. Glucose is also used as a nutrient for the growth of certain fungi that are used to deink recycled paper. With the increasing demand for sustainable paper products and the development of new technologies for paper production, the pulp and paper industry are expected to continue to be a significant consumer of glucose in the coming years.


5. Others: The other segment includes applications such as biofuels, animal feed, and textiles. Glucose is also used in several other industries such as textiles, construction, and chemical manufacturing. Glucose is used as a building block for the production of various chemicals such as lactic acid, sorbitol, and propylene glycol. For example, glucose is used in the production of lactic acid, which is used in the production of biodegradable plastics and polymers. The increasing demand for bio-based chemicals and sustainable products has led to the use of glucose in the production of eco-friendly materials. Glucose-based materials are renewable, biodegradable, and non-toxic, making them an ideal alternative to traditional materials.

By Application

1. Supermarkets & Hypermarkets: Supermarkets and hypermarkets are the most popular and widely used distribution channels for Glucose. The section consists of shops, stores, and other establishments that sell a variety of goods directly to consumers. Supermarkets & hypermarkets account for the majority of sales of Glucose products. These retail outlets offer a wide range of products and have a large customer base. An increasing number of these outlets and other merchandisers are offering more business to Glucose products. Hypermarkets and supermarkets have been concentrating on providing several categories, such as Glucose items, put up to attract customers' interest and provide them the ability to pick from a variety of brands before making a purchase.


2. Specialty Stores: Specialty stores are retail outlets that focus on specific products or categories. In the Glucose market, specialty stores focus on products that are health-focused, organic, or locally sourced. These stores offer a unique shopping experience and attract customers who are passionate about a particular product or category. Ease of access to buying, availability of the store, and convenience of shopping have further increased the overall sales of Glucose products. Specialty stores provide manufacturers with a niche market and the opportunity to develop brand loyalty..


3. Online: The online segment includes e-commerce, wherein manufacturers distribute Glucose products through various online shopping sites and their websites. The epidemic, however, encouraged a shift from dependency on traditional businesses to online distribution channels due to lockdowns and restrictions. This industry is expanding as a result of the benefits and reductions connected with online purchases, as well as the availability of user evaluations and social media influencers. Companies are launching new products with enhanced quality and types, which cannot always be made available to consumers in different regions.


4. Others: Others include convenience stores and other small retailers, which are small retail outlets located in high-traffic areas, such as gas stations, train stations, and airports. Convenience shops and small businesses have historically played a key role in supporting local families and communities. The Covid-19 epidemic has made local retailers more important to consumers. These stores offer a limited range of products, but they are convenient for consumers who want to make quick purchases. Convenience stores are popular among busy consumers who want to save time and are willing to pay a premium for convenience.

By Region

1. North America: The increasing demand for glucose from the food and beverage industry is driving the growth of the market. In which the US is one of the major consumers of glucose in the North American region. As the increasing demand for glucose from the pharmaceutical industry is also contributing to the growth of the market. The region is also witnessing a growing demand for glucose from the personal care industry. In addition, the increasing demand for glucose from the food and beverage industry is driving the growth of the market. Glucose is 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.


2. Europe: The cumulative demand for glucose from the food and beverage industry is the principal factor driving the progress of the market. Glucose is 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, Germany is one of the largest consumers of glucose in the region, owing to its wider use in various applications. According to a report by the German Federal Ministry of Food and Agriculture, the total glucose consumption in Germany is expected to increase by 1.8% in 2023. The increasing demand for glucose from the pharmaceutical industry is also contributing to the growth of the market. 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. Thus, the enlarged demand from the pharmaceutical industry has made glucose more popular among the leading manufacturers in the region.


3. Asia-Pacific: The Asia-Pacific region is one of the prominent markets for glucose and has been driven by 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. For Instance, according to a report by the National Bureau of Statistics of China, the total glucose consumption in China is expected to increase by 3.2% in 2023. Moreover, the food and beverage industry is considered to be the major application area for glucose in the region, for instance, in China, glucose syrup is commonly used in the production of traditional sweet snacks such as sweetened chestnuts and sweet potato strips. Also, glucose is used in the production of beverages such as fruit juice and energy drinks, as well as in the confectionery industry for the production of candies and chocolates. Hence, the growing demand for processed food and convenience food is expected to drive the demand for glucose in the region.


4. Rest of the World: The global glucose market in the Rest of the World comprises the Middle East, South America, and Africa. One of the primary drivers of the aforementioned region is the growing demand for convenience food and beverages, particularly in the Middle East and Africa regions. The increasing urbanization and the rise in the number of working women have led to a surge in the demand for ready-to-eat meals, which often contain glucose as a sweetener. Additionally, the Latin American region is perceiving the expanding pharmaceutical industry as one of the significant factors for the growth of the product. Furthermore, a potential growth opportunity is an increasing demand for sports nutrition products in Latin America. Glucose is a key ingredient in sports drinks and gels, which are widely used by athletes to improve their performance. Moreover, glucose is widely used in the production of drugs and is a key ingredient in various medicines, including anti-inflammatory drugs, antibiotics, and anti-cancer drugs, it has been created as an important ingredient in the industry.