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Glucose Market Size, Share, Growth, Trends, Industry Analysis And Global Forecast Report 2023-2032
Glucose Market Report
The Business Research Company's Glucose Global Market Report 2023 identifies The increasing demand from the bakery and confectionery sector as the major driver for the glucose market's growth in the forecast period. Confectionery is a term used to describe a type of sweets or chocolates made with sugar and high in carbohydrates. Bakers' confections and sugar confections are the two most common varieties of confectionery. As glucose enhances the flavor of candies and other foods, it is utilized in the creation of bakery and confectionery products.
The global glucose market size grew from $48.01 billion in 2022 to $51.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The glucose market size is expected to grow to $63.11 billion in 2027 at a CAGR of 5.3%.
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Major competitors in the glucose market are Archer Daniels Midland Company (ADM), Ingredion Incorporated, Agrana, Tate & Lyle, Cargill Inc.,
A key trend in the glucose market includes the introduction of low sugar glucose syrup. Major companies operating in the glucose market are focused on the introduction of low-sugar glucose syrups to meet consumer demand and reinforce their position. For instance, in November 2020, Ingredion, a US-based company that manufactures glucose-related products launched a stable sweet low sugar glucose syrup. It is manufactured with the help of corn. The company would bring these stable sweet low sugar glucose syrups in different forms such as chewy sweets, lollipops, hard-boiled candy, and jellies. This helps to reduce stickiness and sugar recrystallization of the final product while providing improved color and shelf-life stability.
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The glucose market is segmented -
•By Form: Syrup, Solid
•By Source: Wheat, Corn, Other Sources
•By Application: Food and Beverage, Pharmaceutical, Cosmetics, Personal Care, Pulp and Paper, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the glucose market.
The Business Research Company's "Global Glucose Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Glucose Market Include:
1. Executive Summary
2. Glucose Market Characteristics
3. Glucose Market Trends And Strategies
4. Glucose Market - Macro Economic Scenario
5. Glucose Market Size And Growth
……
26. Africa Glucose Market
27. Glucose Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glucose Market
29. Glucose Market Future Outlook and Potential Analysis
30. Appendix
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