What Has Driven the Growth of the Industrial Glucose Market in Recent Years?
The industrial glucose market has seen considerable growth due to a variety of factors.
•There has been significant expansion in the size of the industrial glucose market in recent years. Its projected growth is from $47.17 billion in 2024 to $50.53 billion in 2025, representing a compound annual growth rate (CAGR) of 7.1%.
Factors contributing to this growth during the historical period include the development of the food and beverage industry, the expansion in the pharmaceuticals sector, increased utilization in confectionery items, a surge in demand for biotechnology applications, use in the animal feed industry, as well as enhanced sweetening attributes.
What is the Market Size Forecast for the Industrial Glucose Market?
The industrial glucose market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of industrial glucose is projected to experience robust growth in the coming years, surging to $64.87 billion by 2029 with a compound annual growth rate (CAGR) of 6.4%.
The anticipated growth within the forecast period can be credited to factors such as the advent of high-fructose corn syrup (HFCS), enhanced production competence, increasing demand for glucose in sports nutrition, its escalated use in personal care products, its application in the biofuel production process, and the increased presence of glucose syrup in gluten-free products. Other contributing factors include the emphasis on clear labeling and sourcing, and the growing need for liquid glucose. Significant trends predicted to influence the forecast period comprise a focus on sustainable and eco-friendly production, advancements in glucose production technology, innovative measures in glucose production methods, the creation of non-GMO and organic glucose products, the incorporation of artificial intelligence in manufacturing processes, and collaborations for research and development in the glucose industry.
What Factors Are Driving Growth In The Industrial Glucose Market?
The expanding need for food and beverages will likely fuel the development of the industrial glucose industry. This sector encompasses all businesses involved in the processing, packing, and delivery of fresh and uncooked food items, as well as alcoholic and non-alcoholic beverages. Industrial glucose enhances the sweetness of numerous food and beverage products such as baked goods, jellies, and sauces, canned food, beer, and sodas. For instance, a report from Statistics Sweden in September 2022 noted that food and beverage sales yielded $29.85 billion (SEK 334 billion), reflecting a 2.9 percent increase. This surge can be linked to a 2.5 percent advancement in sales volume along with a minor 0.4 percent cost rise. Therefore, the escalating demand for food and beverages is accelerating the expansion of the industrial glucose market.
What Are The Main Segments Of The Global Industrial Glucose Market?
The industrial glucose market covered in this report is segmented –
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
Subsegments:
1) By Liquid Glucose: High-Fructose Liquid Glucose, Standard Liquid Glucose
2) By Powder Glucose: Dextrose Monohydrate, Dextrose Anhydrous
3) By Other Types: Glucose Syrups, Specialty Glucose Products
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What Emerging Trends Are Influencing The Growth Of The Industrial Glucose Market?
The current trend of product innovation is gaining momentum in the industrial glucose industry. Key players in the market are debuting novel products as a strategy to maintain their market position. An example of this is the US-based flavor company, Torani, which unveiled its Kettle Corn Syrup - a unique blend of sugary and savory glucose, in March 2023. This syrup replicates the authentic taste of freshly-made popcorn, incorporating both saccharine and saline overtones. The product also includes a subtle hint of hot oil flavor, characteristic of kettle corn, as well as a cooked Maillard note that lends this mix of starchy, sweet, and salty flavors a distinctive caramelized quality.
Who Are the Key Players in the Industrial Glucose Market?
Major companies operating in the industrial glucose market include:
• Cargill Inc.
• Archer Daniels Midland Co.
• Dr. Oetker UK Ltd.
• Ajinomoto Co. Inc.
• Ingredion Incorporated
• Roquette Freres SA
• Agrana Beteiligungs-AG
• Tereos SCA
• Tate & Lyle PLC
• ACH FOOD Companies Inc.
• Avebe
• Gujarat Ambuja Exports Limited
• Manildra Group
• Nihon Shokuhin Kako Co. Ltd.
• Luzhou Bio-chem Technology Shandong Co. Ltd.
• Grain Processing Corporation
• Sukhjit Starch and Chemicals Ltd.
• Gulshan Polyols Ltd.
• Global Sweeteners Holdings Limited
• Universal Starch-Chem Allied Ltd.
• H.L. Agro Products Pvt. Ltd.
• Baker's Kitchen Limited
• Fooding Group Limited
• Devson Impex Private Limited
• Foodchem International Corporation
• Kasyap Sweetners Ltd.
• Queen Fine Foods Pty Ltd.
• Karandikars Cashell Private Limited
• Sanstar Bio-Polymers Ltd.
• Xiwang Sugar Holdings Company Limited
What Is The Most Dominant Region In The Industrial Glucose Market?
Asia-Pacific was the largest region in the industrial glucose market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial glucose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
