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Glucose Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Glucose Market
The Business Research Company offers in-depth market insights through Glucose Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The glucose market size has grown strongly in recent years. It will grow from $51.55 billion in 2023 to $54.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increase in prevalence of diabetes, aging population, change in lifestyles and dietary habits, government initiatives , improved healthcare infrastructure .
The glucose market size is expected to see strong growth in the next few years. It will grow to $70.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rising demand for bakery products, growing cosmetics and personal care products, growing demand for processed food products, rise in disposable income, rise in urbanization. Major trends in the forecast period include personalized glucose management, remote glucose monitoring solutions, artificial intelligence and data analytics, non-invasive glucose monitoring, lifestyle and nutrition interventions.
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Market Segmentation:
The main types of forms of glucose are syrup and solid. Glucose syrup is a refined and concentrated solution of dextrose, maltose, and higher saccharides, obtained by the hydrolysis of starch. The different sources include wheat, corn, and others, and are used in food and beverage, pharmaceuticals, cosmetics, personal care, pulp, and paper, among others.
Major Driver - Rising Bakery And Confectionery Sector Demand Fuels Glucose Market Growth
The increasing demand from the bakery and confectionery sector is expected to propel the growth of the glucose market going forward. 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. For instance, in December 2022, according to the Center for the Promotion of Imports from developing countries, a Netherlands-based government organization, global cocoa bean grinding activities totaled an estimated 4,973 thousand tons in the cocoa year 2020-2021, representing a 5.7% increase over 2019-2020. Therefore, increasing demand from the bakery and confectionery sector is driving the growth of the glucose market.
Competitive Landscape:
Major companies operating in the glucose market include Archer Daniels Midland Company, Ingredion Inc., AGRANA Beteiligungs-AG, Tate & Lyle Plc, Cargill Inc., Roquette Frères SA, Grain Processing Corp, Tereos Internacional SA, Gulshan Polyols Ltd., Global Sweeteners Holdings Ltd., Avebe Group, Luzhou Ruixiang Food Co Ltd., Capital Glucose Company Ltd., Hebei Yunhao Technology Co Ltd., Luzhou Bio-Chem Technology (Shandong) Co Ltd., Fooding Group Ltd., HL Agro Products Private Ltd., Bakers Kitchen, Beneo Asia-Pacific Pte Ltd., DGF Service Ltd., Global Market Insights Inc., Bannari Amman Sugars Ltd., Anhui Wincom Chemical Co Ltd., Malt Products Corporation, Zhangqiu Isen-Granule Manufacturing Science and Technology Co Ltd., Henan Feitian Agricultural Development Stock Co Ltd., Shandong Tianli Pharmaceutical Co Ltd., Gujarat Ambuja Exports Ltd., Sayaji Industries Ltd., Huletts Corporation Ltd.
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Top Trend - Growing Popularity Of Low-Sugar Glucose Syrup In The Glucose Market
The introduction of low sugar glucose syrup has emerged as a key trend gaining popularity in the glucose market. 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 June 2021, General Mills, Inc., a US-based food processing company launched Good Measure, a brand of snacks with a primary focus on stabilizing blood sugar levels. This product line comprises three distinct bar varieties: Blueberry & Almond, Peanut & Dark Chocolate, and Almond & Dark Chocolate. These bars are meticulously crafted with natural ingredients, including nuts and seeds, resulting in a low carbohydrate content of fewer than five net carbs per serving. Each bar contains three grams or less of sugar and leverages the rare sugar allulose as a sweetening agent. Good Measure is positioned to cater to individuals dealing with diabetes, pre-diabetes, or other medical conditions requiring diligent blood sugar management.
The Table Of Content For The Market Report 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
…..
27. Glucose Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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