Glucose Market Share

ID: MRFR/FnB/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 Region (North America, Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2035

Request Free Sample

Summary Table of Contents Segmentation Download PDF

Market Share

Glucose Market Share Analysis

The Glucose Market, a vital segment within the sweeteners industry, is marked by intense competition, prompting companies to adopt diverse market share positioning strategies. Differentiation stands out as a primary approach, with companies focusing on creating unique glucose products that stand out in terms of purity, quality, and applications. This may involve offering specialized glucose formulations for various industries such as food and beverages, pharmaceuticals, or personal care products. By providing distinct value propositions, companies can attract customers seeking specific attributes in their glucose, whether it's for sweetness, texture, or functional properties.

Cost leadership is a significant strategy within the Glucose Market, with some companies aiming to become efficient producers to offer competitive prices. This involves optimizing production processes, sourcing raw materials economically, and achieving economies of scale. By providing cost-effective glucose solutions without compromising quality, companies can appeal to a broad customer base, including manufacturers and industries where glucose serves as a key ingredient.

Niche targeting plays a crucial role in market share positioning for glucose brands. Instead of catering to the entire market, some companies focus on specific niches or industries that require specialized glucose formulations. For instance, a company might specialize in producing medical-grade glucose for pharmaceutical applications or create glucose syrups tailored for the confectionery industry. By concentrating on niche markets, companies can build expertise, establish strong relationships with customers in those sectors, and solidify their market position within specialized segments.

Collaboration and partnerships are increasingly common in the Glucose Market, with companies forming alliances across the supply chain. Collaborative efforts with raw material suppliers, distributors, or end-users can lead to improved efficiency, supply chain resilience, and expanded market reach. Partnerships may also involve joint research and development initiatives, allowing companies to innovate and address specific industry needs collectively. Through collaboration, companies can enhance their overall market position by leveraging shared resources and expertise.

Customer-centric approaches are essential in the glucose industry, where manufacturers often tailor products to meet the specific needs and preferences of their customers. This involves staying attuned to consumer demands, market trends, and regulatory requirements. Whether producing glucose with reduced allergens, catering to clean-label preferences, or offering specialized glucose derivatives, customer-centric strategies ensure that glucose products align with market expectations, enhancing overall competitiveness.

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

Get In Touch

FAQs

How much is the Glucose market?

The Glucose market accounted for USD 50.83 billion.

What is the key driving factor for the Glucose market?

Escalating demand from the bakery and confectionery industry and rising demand for natural food ingredients across the global market is the key driving factor for the Glucose market

What is the growth rate of the Glucose market?

The growth rate of the Glucose market is 5.07% CAGR.

Which region held the largest market share in the Glucose market?

The Asia-Pacific region held the largest market share in the Glucose market.

Who are the key players in the Glucose market?

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), and Global Sweeteners Holdings Limited (Hong Kong) are the key players in the Glucose market.

Which Nature led the Glucose market?

Conventional nature led the Glucose market.

Which distribution channel had the largest market share in the glucose market?

The Supermarkets & Hypermarkets had the largest market share in the glucose market.

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

Customize Report

Certified Researchers

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 Market 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 Market 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 Market 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)

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 Market 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)