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The global corn glucose market reached a value of US$ 2.1 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 2.60 Billion by 2026, exhibiting a CAGR of 3.30% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Corn glucose, also referred to as glucose syrup, is a food syrup obtained by the hydrolysis of corn starch. It is mainly a concentrated source of calories with very little nutritional value. Over the past several years, corn glucose has emerged as a popular substitute for sugar. The demand of corn glucose in the food processing industry has also witnessed strong growth in the last few years. It is principally used as a key ingredient in commercially prepared foods for enhancing flavour, improving colour, adding volume and providing a smooth texture to the food. As it helps in preventing crystallization of sugar, corn glucose is extensively used in confectionery, jams, tinned fruits, ice cream, sorbets, beverages, dairy desserts, biscuits, pastry, cereals, ketchup, sauces, vitamin tonics and cough medication.
IMARC’s latest study “Corn Glucose Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” has provided a detailed insight into the global corn glucose market. The report has segmented the market on the basis of major regions. China currently represents both the world’s largest producer and consumer of corn glucose and accounts for majority of the total global production. China is followed by the United States and Europe. The report has also analysed some of the key players operating in the global corn glucose market which include Global Sweeteners Holding Ltd., Roquette Freres, Cargill Inc., Ingredion Inc. and ADM.
This report provides a deep insight into the global corn glucose industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a corn glucose manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the corn glucose industry in any manner.
The global corn glucose market reached a value of US$ 2.1 Billion in 2020.
According to the estimates by IMARC Group, the global corn glucose market to reach a value of US$ 2.60 Billion by 2026, exhibiting a CAGR of 3.30% during 2021-2026.
The rising utilization of corn glucose in the production of packaged food products and their escalating demand due to hectic lifestyles, shifting dietary patterns and inflating disposable incomes are acting as major growth-inducing factors.
The growing popularity of international cuisines and the increasing utilization of corn syrup in the production of tonics and syrups are acting as significant trends in the market.
Corn glucose is widely utilized in the manufacturing of medical supplies, such as hand sanitizers and intravenous (IV) solutions. A significant rise in the demand for healthcare equipment due to the spread of the coronavirus disease (COVID-19) is positively influencing the growth of the market.
On the geographical front, the market has been segmented into the United States, China, Europe, Asia Pacific (excluding China) and others.
Leading industry players are Global Sweeteners Holdings Limited, Roquette Frères S.A, Cargill, Incorporated, Archer Daniels Midland Company and Ingredion Incorporated.
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