Glucose Market Poised for Robust Growth, Projected to Reach US$ 66.55 Billion by 2029
In a recent report, it has been revealed that the Global Glucose Market, which was valued at US$ 47.29 billion in 2022, is anticipated to exhibit a steady Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2029. The market is expected to soar to almost US$ 66.55 billion by 2029, reflecting a substantial increase in revenue.
Driving Forces Behind the Growth:
The surge in demand from the beverage sector, coupled with extensive research and development efforts, is identified as a key driver propelling the glucose market forward. Convenience meals are also contributing to this upward trajectory. Notably, the food and beverage industry is anticipated to witness significant growth in the consumption of glucose, dextrose, and maltodextrin. These ingredients offer multiple benefits, including their use as sweeteners, binders, emulsifiers, and thickening agents.
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Glucose Market Report Scope and Research Methodology
The global Glucose market report published by Maximize Market Research is a comprehensive analysis of the market, drawing on both primary and secondary research methods. The report provides a detailed analysis of the Glucose market segments and variables driving the market, as well as the strengths and weaknesses of the Glucose key players in the industry.
The report also includes a PESTLE analysis, which helps investors in the Glucose industry to develop strategies that are aligned with the macroeconomic and microeconomic factors that are shaping the market. Additionally, the report provides insights into the competitive landscape of the Glucose market, helping businesses to understand the competition at local, regional, and global levels.
Glucose Market Segments:
The market is divided into submarkets for plants, animals, and chemicals, according to the Source. Plants are expected to continue being the primary source of glucose extraction in the upcoming years due to the preference for traditional extraction techniques and economical extraction methods. From 2017 to 2022, there will be a 1.7% growth in demand for the usage of chemicals to produce glucose due to an increase in demand for the commodity across multiple sectors and the availability of a quick synthesis process. In the second decade of this century, there has been a 1.5% growth in demand for animal sources for extracting glucose due to the growing preference for poultry animals and dairy products when it comes to the energy-rich substance.
The market is divided into two sub-sectors based on nature: Synthetic and Organic. Glucose extracted from organic sources is predicted to remain the biggest revenue-generating segment for the global glucose market from 2019 through 2029 due to increased consumer preferences for natural food products and healthier food options. In the second decade of this century, the Food & Beverages business, which is a part of the unorganised sector, had a 2.1% growth in demand for glucose produced in laboratories due to an increase in the need for less expensive alternatives.
The market is further divided into categories based on application, including bakery goods, dairy products, snacks, breakfast, beverages, animal feed, and other items. Because these properties preserve moisture and enhance the flavour of cakes, muffins, and other ready-to-eat food goods, Bakery & Confectionery goods is expected to continue being the largest market for glucose from 2019 to 2029. The demand for glucose by the dairy and processed dairy product industries increased by 2.3% in 2019 as a result of the growing consumption of milk and its replacements as a significant source of energy that the body needs.
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Glucose Market Major Players are:
1. Sigma Aldrich Corporation
2. Roquette Freres
3. Atn Investments Pty Ltd.
4. Cargill, Inc.
5. Tate & Lyle PLC
6. Archer Daniels Midland Company
7. Ingredion, Inc.
8. Pfizer, Inc.
9. ProAgro GmbH
10.Tereos SCA
11.Grain Processing Corporation
12.Avebe Group
13.AGRANA
14.Global Sweeteners Holdings
15.Fooding Group Limited
16.Gulshan Polyols
Glucose Market Regional Insights
The Glucose market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Glucose Market Report are:
- What is Glucose?
- What is the expected Glucose market size by the end of the forecast period?
- Which segment in the Glucose market is expected to grow rapidly during the forecast period?
- Which are the top players in the Glucose market?
- What key trends are expected to emerge in the Glucose market during the forecast period?
- Which regional market is expected to grow at a high rate during the forecast period?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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