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Industrial Glucose Market Trends

Report ID: GMI6124
Published Date: Jun 2023
Report Format: PDF

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Industrial Glucose Market Trends

The rising adoption of processed food items & beverages and convenience foods will boost the demand for industrial glucose as a functional ingredient. The emerging consumer trend of opting for green & organic products is also driving the organic industrial glucose demand. Industrial glucose has varied industrial uses, functioning as an excipient in drug formulations in the pharmaceutical industry and as a functional ingredient in skincare, haircare & cosmetic products in the personal care industry.

Rapid industrial development, urbanization, and increasing disposable incomes in countries including China and India have led to increasing demand for food processing and pharmaceuticals & personal care products, fueling the market value. The increasing incidences of blood-related illnesses are also estimated to accelerate industry size.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of industrial glucose was surpassed USD 40 billion in 2022 and will reach USD 75 billion by 2032, owing to the rising consumption of processed food items, beverages, confectioneries, and baked products.

The standard purity segment accounted for around 55% market share in 2022 and is anticipated to grow at a rapid pace by 2032, owing to the cost-effectiveness of the product.

The U.S. market was worth USD 12 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, backed by expanding population, shifting customer inclination toward sweeteners & flavor enhancers, and the introduction of new food & beverage products.

Some of the key organizations in the market are Archer Daniels Midland Company (ADM), Ingredion Incorporate, AGRANA Beteiligungs-AG, Tate & Lyle PLC, Cargill, Incorporated, Roquette Frères, Grain Processing Corporation, Tereos S.A., Fooding Group Limited, and Global Sweeteners Holdings Limited.