Glucose Market

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 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.

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.

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 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.

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 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.

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, Market Research Future 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

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.