The U.S. and China glucose market size was valued at USD 6.47 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2020 to 2028. The high expenditure on food and beverage products in the U.S. due to the high overall disposable income of the U.S. population is boosting the growth of the country’s glucose (dextrose) market.
Glucose syrup is widely used in the confectionery industry. As it is a doctoring agent, it prevents crystallization, imparting uniformity to the product; in some confectionery applications, it can 
be used as a necessary ingredient up to the extent of around 40%. It is generally used in the production of homogenous confectionery products such as chewing gums and chocolates. Liquid glucose also has good preservative qualities, imparts a smooth texture to the end product, and enhances the shelf life of the end product. This has led to increased demand for glucose in the confectionery products segment.
In 2017, the glucose segment accounted for a larger share, by product, in the glucose, dextrose, and maltodextrin market, in terms of value. Glucose, in the form of syrup and solids, has a high water binding capacity, is fermentable, and prevents sugar crystallization. It is used as a texturant, volume enhancing agent, and flavorant, and also helps in the prevention of crystallization of sugar molecules in beverages. The growth of the food & beverage industry, especially in the confectionery products sector, increases the demand for glucose. Further, increasing demand for aerated and non-aerated beverages drives the demand for glucose syrup, as it is widely used as a sweetener in these beverages.
The major manufacturers are continuously involved in the development of advanced and innovative products, like low sugar glucose syrup and organic glucose products, which is, in turn, driving the market value. The glucose (dextrose) manufacturing sector is experiencing development in terms of technological advancements and manufacturing processes. Simultaneously, the food & beverage sector is also witnessing several changes due to continuously increasing demand from the end users.
Key Player Mentioned:
Archer Daniels Midland Company (ADM)
Ingredion Incorporated
AGRANA Beteiligungs-AG
Tate & Lyle PLC
Cargill, Incorporated
Roquette Frères
Grain Processing Corporation
Tereos S.A.
Fooding Group Limited
Global Sweeteners Holdings Limited
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The study needed to concentrate on Leading manufacturers environments, and analysis for its market that is Keyword. The report centered on sections and the trends which influence or drive the development of the business Along with exploring regions. The researchers focused on development tendencies in addition to the sector. The players are Focusing on acquisitions and mergers approaches create earnings and to acquire a foothold on the industry. Additionally, the marketplace is anticipated to quicken alliances which are implemented across the globe as a result of exponential need for keyword over companies and businesses.
Product Segment Analysis:
Syrup
Solid
Application Segment Analysis:
Food & Beverages
Pharmaceutical
Cosmetic & Personal Care
Pulp & Paper
Others
Segmentation by Region :
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
COVID-19 Impact:
The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.
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Good Reasons to Buy a Global Glucose Market Report:
- Offers detailed market breakdown and data triangulation that will help guide the market trends.
- The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
- Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
- Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
- Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.
The study objectives of this report are:
– to research global status, future forecasts, growth opportunities, key markets and key players.
– To present the market development in us, Europe and China.
– To strategically profile the key players and comprehensively analyze their development plan and methods.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
