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Industrial Glucose Market Outlook 2023: Market Growth, Industry Analysis, Size, Share And Forecast To 2032 | Cargill Inc., Archer Daniels Midland Co., Dr. Oetker UK Ltd., Ajinomoto Co. Inc., Ingredion Incorporated
Industrial Glucose Market
The Business Research Company's Industrial Glucose Global Market Report 2023 identifies increasing demand for food and beverages as the major driver for the Industrial Glucose market's growth in the forecast period. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food products, freshly prepared foods, and alcoholic and nonalcoholic beverages.
The global industrial glucose market is expected to grow from $40.87 billion in 2022 to $43.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The industrial glucose market is expected to reach $56.57 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the Industrial Glucose market are Cargill Inc., Archer Daniels Midland Co., Dr. Oetker UK Ltd., Ajinomoto Co. Inc., Ingredion Incorporated.
A key trend in the Industrial Glucose market includes Product innovation. Major companies operating in the industrial glucose market are introducing innovative products to sustain their position in the market. For instance, in March 2023, Torani, a US-based flavor company, launched Torani's Kettle Corn Syrup, an irresistible combination of sweet and salty glucose. With overtones of sweetness and saltiness, Torani's Kettle Corn Syrup replicates the flavor of freshly popped corn. It also has a very slight taste of the hot oil flavor typical of kettle corn and a cooked Maillard note that gives this starchy, salty, and sweet flavor a unique browned quality.
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The Industrial Glucose market 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
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Glucose market.
The Business Research Company's "Global Industrial 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 Industrial Glucose Market Include
1. Executive Summary
2. Industrial Glucose Market Characteristics
3. Industrial Glucose Market Trends And Strategies
4. Industrial Glucose Market - Macro Economic Scenario
……
32. Global Industrial Glucose Market Competitive Benchmarking
33. Global Industrial Glucose Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Glucose Market
35. Industrial Glucose Market Future Outlook and Potential Analysis
36. Appendix
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