Glucose Market Size

ID: MRFR/F-B & N/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 Reg...

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Glucose Size

Glucose Market Growth Projections and Opportunities

The Glucose market is influenced by a variety of factors that collectively shape its dynamics and growth patterns. One of the fundamental drivers of this market is the increasing prevalence of health-conscious consumers who seek alternatives to traditional sweeteners. Glucose, a natural sugar derived from carbohydrates, is perceived as a healthier option compared to refined sugars and high-fructose corn syrup. As concerns about obesity and lifestyle-related diseases grow, consumers are gravitating towards products with lower glycemic indexes, prompting the adoption of glucose as a sweetening agent in various food and beverage applications. The global trend towards clean-label and natural ingredients is another significant factor influencing the Glucose market. Consumers are increasingly scrutinizing product labels, preferring products with recognizable and minimal ingredients. Glucose, being a natural sugar, aligns with this demand for clean-label products. Manufacturers are responding by incorporating glucose into a range of products, from energy drinks to confectionery, to meet the consumer preference for naturally derived sweeteners. Changing dietary patterns, including the rise of low-carb and ketogenic diets, contribute to the dynamics of the Glucose market. While some consumers are reducing their overall carbohydrate intake, they still seek alternatives that provide energy without the perceived negative effects of high-fructose sugars. Glucose serves as a viable solution, providing a quick and easily digestible source of energy without causing spikes in blood sugar levels. This versatility positions glucose as a favorable ingredient in the evolving landscape of dietary preferences. Moreover, the pharmaceutical and medical sectors significantly impact the Glucose market. Glucose is widely used in medical settings, including hospitals and clinics, for diagnostic purposes such as glucose tolerance tests. The healthcare industry's demand for high-quality glucose contributes to the overall market dynamics. Additionally, the increasing prevalence of diabetes globally has led to a growing market for glucose as a key component in various diabetic-friendly food products and dietary supplements. The influence of technological advancements in food processing is evident in the Glucose market. Continuous innovations in extraction, purification, and formulation techniques enable manufacturers to produce high-quality glucose with improved taste and functional properties. These technological advancements contribute to the versatility of glucose, making it applicable in an array of food and beverage formulations, from sports drinks to baked goods. Changing consumer lifestyles and the demand for convenient on-the-go products also impact the Glucose market. Glucose is a common ingredient in energy bars, gels, and sports drinks, catering to consumers seeking quick and accessible sources of energy during physical activities. The convenience factor associated with glucose-infused products aligns with the busy lifestyles of modern consumers, driving its inclusion in a variety of snack and beverage options. The impact of economic factors on the Glucose market cannot be overlooked. Fluctuations in raw material prices, including corn and wheat, directly influence the cost of glucose production. Economic conditions and trade dynamics can affect the overall market pricing and availability of glucose, impacting both manufacturers and consumers. Therefore, market players need to navigate these economic factors and establish resilient supply chains to ensure stable market operations.

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

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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 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 demand for glucose is projected to rise as consumers increasingly seek natural sweeteners and food manufacturers adapt to health-conscious trends.

U.S. Department of Agriculture

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 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)