Glucose Market Size, Share, Growth & Industry Trends [2032]
Glucose Market Size, Share, Growth & Industry Trends [2032]
Segments - Glucose Market by Source (Wheat Starch, Corn Starch, and Others), Form (Solid and Syrup), Application (Pharmaceutical, Food & Beverages, Pulp & Paper, Cosmetics & Personal Care, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024–2032
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| Report ID :FB-6529
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Report Description
Glucose Market Outlook 2032
The global glucose market size was USD 49.6 Billion in 2023 and is projected to reach USD 78.2 Billion by 2032, expanding at a CAGR of 5.2% during 2024–2032. The market growth is attributed to the growing demand for sugar alternatives, including glucose, in various industries.
Rising applications of glucose in industrial sectors such as adhesive, textile, and paper manufacturing are boosting the market. Glucose serves as a crucial raw material in the production of adhesives, acting as a binder and adhesive agent in various applications such as woodworking, packaging, and construction. Furthermore, the growing demand for glucose in skincare and haircare products for its moisturizing, humectant, and skin conditioning properties further boost the market.
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As per the report published on February 28, 2024, indicates that the top two best-selling skincare products in the U.S. are facial cleansers and acne treatments, with approximately 260 million and 96 million units sold in 2022, respectively.
Impact of Artificial Intelligence (AI) in the Glucose Market
The use of artificial intelligence is likely to boost the glucose market. AI-driven predictive maintenance systems anticipate equipment failures in glucose manufacturing facilities, minimizing downtime and reducing production costs. Additionally, AI-based analytics tools enable manufacturers to analyze large datasets to identify trends and consumer preferences for informing product development strategies and marketing initiatives.
Glucose Market Dynamics
Major Drivers
Increasing adoption of glucose in the food and beverage industry is expected to drive the market during the forecast period. Glucose serves as a versatile ingredient in food formulations, providing sweetness, texture enhancement, and shelf-life extension properties in various applications. Moreover, the growing consumer preference for processed and convenience foods boosts the demand for glucose in food applications.
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According to the report, the number of users of processed food is expected to reach 587.0 million by 2029. Additionally, the user penetration will be 6.5% in 2024 and is expected to rise to 8.0% by 2029.
Existing Restraints
Fluctuating prices of raw materials are expected to hinder the market during the forecast period. Fluctuations in the prices of these raw materials impact the production cost of glucose, thereby affecting profit margins for manufacturers. Moreover, increasing consumer preference for natural and alternative sweeteners further hampers the market.
Emerging Opportunities
Surging utilization of glucose in pharmaceutical formulations and medicinal applications is expected to create immense opportunities for the players competing in the market. Glucose serves as an important ingredient in pharmaceutical preparations, including oral rehydration solutions, intravenous fluids, and medicinal syrups. Furthermore, the advancements in drug delivery technologies and formulations are likely to boost the demand for glucose in innovative therapeutic applications.
Scope of the Glucose Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.
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Attributes |
Details |
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Report Title |
Glucose Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017 -2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Source (Wheat Starch, Corn Starch, and Others), Form (Solid and Syrup), and Application (Pharmaceutical, Food & Beverages, Pulp & Paper, Cosmetics & Personal Care, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ADM; AGRANA Beteiligungs-AG; Cargill, Incorporated; Grain Processing Corporation; Ingredion; Mintec Limited; Roquette Frères; and Tate & Lyle |
Regional Outlook
In terms of region, the global glucose market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia Pacific held a major market share in 2023, due to the increased consumption of processed and convenience foods prepared using glucose as a key ingredient. Additionally, rising disposable incomes and changing dietary preferences in countries, including China, India, and Japan have fueled the demand for glucose-based products in the region.
The market in North America is projected to grow at a significant pace in the coming years, owing to the increasing demand for natural and clean label sweeteners, such as glucose. The rising health consciousness among consumers and concerns over the adverse effects of refined sugars create the demand for glucose syrups derived from non-GMO sources. Additionally, presence of well-established food and beverage industries further boosts the glucose syrup market this region.
Glucose Market Segment Insights
Source Segment Analysis
Based on source, the glucose market is divided into wheat starch, corn starch, and others. The wheat starch segment is expected to expand at a significant growth rate in the coming years, owing to the growing consumer preferences for natural. Glucose derived from wheat starch is perceived as a natural and wholesome alternative to corn-derived glucose. Furthermore, the rising trend of gluten-free and allergen-free products fuels the demand for wheat-derived glucose among manufacturers looking to cater to dietary restrictions and preferences.
From Segment Analysis
On the basis of form, the global market is segregated into subsegments. The syrup segment held largest market share in 2023. Glucose syrups offer versatility in applications across various sectors, including food & beverage, pharmaceuticals, and industrial. Their liquid form makes them easy to incorporate into formulations and allows for precise dosage control. Moreover, the increasing demand for convenience foods and beverages further boosts the demand for glucose syrup.
The solid segment is anticipated to expand at a substantial CAGR during the forecast period, owing to shelf-life stability and easy handling of the solid form of glucose, which makes it a preferable choice in the pharmaceutical and industrial sectors. Moreover, the growing demand for solid glucose in pharmaceutical formulations, such as tablets and capsules further boost the segment during the forecast period.
Application Segment Analysis
Based on application, the glucose market is segmented into pharmaceutical, food & beverages, pulp & paper, cosmetics & personal care, and others. The pharmaceutical segment is projected to register a robust growth rate during the assessment years. Rising prevalence of chronic diseases such as diabetes and cardiovascular disorders globally is expected to drive the demand for pharmaceutical products containing glucose. Additionally, increasing healthcare expenditures in emerging economies are anticipated to fuel the demand for pharmaceutical products containing glucose.
Segments
The glucose market has been segmented on the basis of
Source
- Wheat Starch
- Corn Starch
- Others
Form
- Solid
- Syrup
Application
- Pharmaceutical
- Food & Beverages
- Pulp & Paper
- Cosmetics & Personal Care
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- ADM
- AGRANA Beteiligungs-AG
- Cargill, Incorporated
- Grain Processing Corporation
- Ingredion
- Mintec Limited
- Roquette Frères
- Tate & Lyle
Competitive Landscape
Key players competing in the global glucose market are ADM; AGRANA Beteiligungs-AG; Cargill, Incorporated; Grain Processing Corporation; Ingredion; Mintec Limited; Roquette Frères; and Tate & Lyle
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base globally. For instances,
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On September 21, 2023, Mintec Limited, a major raw material provider, announced the launch of new weekly MBP (Mintec Benchmark Prices) for providing corn syrup with high fructose (42% and 55% dextrose equivalent), dextrose, beet sugar and cane sugar.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Glucose Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Glucose Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Glucose Market - Supply Chain
4.5. Global Glucose Market Forecast
4.5.1. Glucose Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Glucose Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Glucose Market Absolute $ Opportunity
5. Global Glucose Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Glucose Market Size and Volume Forecast by Applications
5.3.1. Pharmaceutical
5.3.2. Food & Beverages
5.3.3. Pulp & Paper
5.3.4. Cosmetics & Personal Care
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Glucose Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Glucose Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Glucose Demand Share Forecast, 2019-2026
7. North America Glucose Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Glucose Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Glucose Market Size and Volume Forecast by Applications
7.4.1. Pharmaceutical
7.4.2. Food & Beverages
7.4.3. Pulp & Paper
7.4.4. Cosmetics & Personal Care
7.4.5. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Glucose Demand Share Forecast, 2019-2026
8. Latin America Glucose Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Glucose Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Glucose Market Size and Volume Forecast by Applications
8.4.1. Pharmaceutical
8.4.2. Food & Beverages
8.4.3. Pulp & Paper
8.4.4. Cosmetics & Personal Care
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Glucose Demand Share Forecast, 2019-2026
9. Europe Glucose Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Glucose Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Glucose Market Size and Volume Forecast by Applications
9.4.1. Pharmaceutical
9.4.2. Food & Beverages
9.4.3. Pulp & Paper
9.4.4. Cosmetics & Personal Care
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Glucose Demand Share Forecast, 2019-2026
10. Asia Pacific Glucose Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Glucose Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Glucose Market Size and Volume Forecast by Applications
10.4.1. Pharmaceutical
10.4.2. Food & Beverages
10.4.3. Pulp & Paper
10.4.4. Cosmetics & Personal Care
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Glucose Demand Share Forecast, 2019-2026
11. Middle East & Africa Glucose Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Glucose Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Glucose Market Size and Volume Forecast by Applications
11.4.1. Pharmaceutical
11.4.2. Food & Beverages
11.4.3. Pulp & Paper
11.4.4. Cosmetics & Personal Care
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Glucose Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Glucose Market: Market Share Analysis
12.2. Glucose Distributors and Customers
12.3. Glucose Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. ADM
12.4.2. AGRANA Beteiligungs-AG
12.4.3. Cargill, Incorporated
12.4.4. Grain Processing Corporation
12.4.5. Ingredion
12.4.6. Mintec Limited
12.4.7. Roquette Frères
12.4.8. Tate & Lyle
Methodology
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