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Industrial Glucose Market Size
- Report ID: GMI6124
- Published Date: Jun 2023
- Report Format: PDF
Industrial Glucose Market Size
Industrial Glucose Market size was valued at USD 40 billion in 2022 and is estimated to witness 5.2% CAGR from 2023 to 2032. The rising consumption of processed food items, beverages, confectioneries, and baked products will fuel the market demand. The product is employed in numerous pharmaceutical applications including the manufacture of oral suspensions, excipients, and syrups.
The high requirement for stable & easily digestible glucose sources in the pharmaceutical industry will contribute to the industrial glucose market size. It also acts as a humectant, moisturizer, and thickening agent, fueling its demand in the personal care & cosmetics industry. The livestock & poultry sector also creates a high demand for industrial glucose due to its extensive requirement for animal feed.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Industrial Glucose Market Size in 2022: | USD 40 Billion |
| Forecast Period: | 2023-2032 |
| Forecast Period 2023-2032 CAGR: | 5.2% |
| 2032 Value Projection: | USD 75 Billion |
| Historical Data for: | 2018-2022 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 217 |
| Segments covered: | Source, grade, form, application, region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Diverse sectors, such as paper & pulp, textiles, and adhesives, and fermentation processes, exhibit a high industrial glucose demand. Its strong market demand stems from its versatility as an energy source, raw material, and process aid in these industries.
Agricultural crops, including corn, wheat, and tapioca, are the primary raw materials utilized in the manufacture of industrial glucose. High price fluctuations in raw material prices will substantially influence the manufacturing costs and profits earned by industrial glucose manufacturers. The presence of several manufacturers makes the global industrial glucose market highly competitive and dynamic. This extreme competition will severely impact the pricing and profit margins, making it difficult for companies to distinguish their products and retain market share.
A shift in customer inclination, market trends, and economic conditions will affect industrial glucose demand. Demand fluctuations will also create obstacles for manufacturers while considering production planning, inventory management, and market forecasting. The risks caused by industrial glucose may also reduce the adoption rates, further impeding market growth.
Frequently Asked Questions (FAQ) :
Industrial Glucose Market Scope
