Published Date : 12 Apr 2023
The glucose market size was exhibited at USD 47.88 billion in 2022, and it will grow at a rate of CAGR 4.68% in the years to come to touch USD 75.62 billion by 2032.
The glucose market growth is driven by the increasing expansion of applications in the end-use market, growing demand for bakery and confectionery products, and rising demand for sugar and the advancement of enzymatic technology, the production of sweeteners, particularly glucose, which has significantly expanded.
Glucose is used as a stabilizer, texture enhancer, taste enhancer, preservative, coating and bulking agent, and others. Glucose is used in a wide range of industries, such as food and beverages, pharmaceuticals personal care, cosmetics, and others. Glucose is widely utilized in the food and beverage industries as a sweetener, moisture-retaining agent, thickener, and others. Glucose is used as a medication in the pharmaceutical industry for low blood sugar, dehydration, insulin overdose, insulin-induced hypoglycemia in pediatric patients, sulfonylurea overdose, acute alcohol intoxication, and treating hyperkalemia, a high level of potassium in the blood.
The benefits of glucose are driving its requirement and usage across the globe. Glucose prevents sugar crystallization in sweets. Glucose is referred to as one of the body’s main sources of energy. To function, our bodies require glucose. It is especially important for our brain. Glucose is primarily obtained from some major sources which include potatoes, wheat, corn, and others. When consumed directly from whole foods such as apricots and dates, glucose is referred to as natural sugar. When glucose is consumed from packaged foods and drinks to which it has been added during manufacture, it is termed an added sugar.
The ongoing growing trend for clean-label solutions offers lucrative opportunities for glucose manufacturers. Non-GMO, low-sugar, organic, and vegan syrups are among the latest advancements in the glucose syrup industry. They are becoming popular in the market due to the high awareness of these innovative items and their health advantages as they are free from chemical pesticides and preservatives.
Additionally, the market has grown as a result of the increasing sales are boosting the market for soft drinks, confectionery, and bakery items containing glucose in the food and beverage industry. Furthermore, the growing demand for glucose from a variety of industries, including pharmaceuticals, food and drinks, pulp and paper, and cosmetics and personal care.
Glucose Market Report Scope:
|Market Size in 2022||USD 47.88 Billion|
|Projected Forecast Value in 2032||USD 75.62 Billion|
|Growth Rate||4.68% from 2023 to 2032|
|Largest Market||Asia Pacific|
|Forecast Period||2023 to 2032|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America and Middle East & Africa|
Asia Pacific market accounts for the larger revenue share of more than 39% in 2022 due to the wide availability and inexpensive of corn and wheat starch, increasing demand for convenience food products, rapid expansion in the region's pharmaceutical sectors has resulted in a rise in the consumption of glucose products, growing demand for cosmetics and personal care products on account of the rising urban population, and increasing demand for food and beverage products as a result of a large customer base and rapid economic growth. China, Japan, and India are the major economies of the region, contributing considerably to revenue.
On the other hand, the Europe market is growing at a significant CAGR, which includes the United Kingdom, Germany, and Italy. Clean-label and organic products are the primary factors driving demand for glucose products in the European region. The high awareness regarding the health benefits of food products results in the wide adoption of fresh, natural, and organic products by European customers.
Growing application in the bakery and confectionery sector
Glucose is extensively used in the manufacturing of bakery and confectionery products as a sweetener, texture creator, and flavor enhancer. Glucose inhibits sugar from crystallization. The liquid glucose has anti-crystal, anti-freezing, and better preservative properties, it helps to give a smooth texture to chocolates and various other confectionery items. Several desirable features of glucose have considerably increased its use in confectionery products. As a result of these additional benefits, glucose has actively opened significant growth opportunities in the bakery and confectionery industries.
Side effects associated with the consumption of excessively added sugar
Several Side effects are associated with the excess consumption of added sugar in various food products is projected to hamper the growth of the market. Consumption of excess sugar may result in increasing the risk of diabetes, heart disease, and other chronic disorders. In addition, the rising preferences for gums as an alternative to glucose are likely to limit the expansion of the global glucose market during the forecast period
Growing demand for cosmetics and personal care products
Growing demand for cosmetics and personal care is creating a lucrative growth opportunity for the expansion of the glucose market during the forecast period. The use of cosmetics and personal care helps to maintain hygiene, and improve the standard of living. Glucose is a natural sugar that is obtained for cosmetics by breaking down several natural starches. It binds moisture to the skin as a moisturizing agent and gives flavor to lip products and face cleansers. It works as a prebiotic to nourish the skin. In personal care and cosmetics products, Glucose is used in skin care products, eye makeup, bath and washing products, hair care products, and others.
Fluctuation in the prices of raw material
The major issues with the fluctuating prices of raw materials primarily with the prices of corn and cereal grains act as a key challenge for the growth of the global glucose market during the forecast period.
Key Market Players:
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