Press release
Industrial Glucose Market: Strong Growth Enabled by Rising Demand, Technological Advancements, and Key Market Trends
Industrial Glucose Market Size
What Is The Projected Market Size Of The Global Industrial Glucose Market And Its Growth Rate?
The industrial glucose market has been showing impressive growth over recent years.
•The market size will increase from $47.17 billion in 2024 to $50.53 billion in 2025 at a CAGR of 7.1%.
•Predicted growth in the future is strong, with estimates showing the market reaching $64.87 billion in 2029 at a CAGR of 6.4%.
•Major growth drivers include the expansion of the food and beverage industry, the pharmaceuticals sector, increased usage in confectionery products, and a rise in demand in biotechnology applications.
What Is Driving The Growth In The Industrial Glucose Market?
The industrial glucose market is primarily driven by the rising demand for food and beverages. As industrial glucose is utilized to sweeten a variety of foods and beverages, the growth in this industry directly impacts the glucose market. For instance, Statistics Sweden reported a 2.9% growth in food and beverage sales in September 2022, reaching $29.85 billion. This was fueled by a rise in sales volume and a slight increase in prices, further boosting the industrial glucose market.
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Who Are the Key Players Driving Industrial Glucose Market Growth?
Key players leading the charge 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
And many others making substantial contributions to this dynamic market.
What Are The Key Trends In The Industrial Glucose Market?
Developments and trends in the industrial glucose market involve:
•Sustainable and eco-friendly production
•Tech advancements in glucose production
•Innovation in glucose production technologies
•Development of non-gmo and organic glucose products
•Integration of AI in production processes
•Collaboration for R&D in the glucose industry
What Are The Segments Of The Global Industrial Glucose Market?
The global industrial glucose market is segmented into:
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
Which Region Leads The Industrial Glucose Market?
In terms of regional analysis, Asia-Pacific was the largest industrial glucose market in 2024. This region is expected to be the fastest-growing during the forecast period.
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What Is Covered In The Industrial Glucose Market Global Market Report?
The report offers a comprehensive analysis of the Industrial Glucose Market:
- Market Size Analysis: Analyze the Industrial Glucose Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Glucose Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Glucose Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Glucose Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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