Glucose Market Report by Source (Wheat, Corn, and Others), Form (Syrup, Solid), Application (Food and Beverages, Pharmaceutical, Cosmetic and Personal Care, Pulp and Paper), and Region 2024-2032

Glucose Market Report by Source (Wheat, Corn, and Others), Form (Syrup, Solid), Application (Food and Beverages, Pharmaceutical, Cosmetic and Personal Care, Pulp and Paper), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A11742
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Market Overview:

The global glucose market size reached US$ 51.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 78.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.72% during 2024-2032. The rising production of bakery goods, soft drinks, and confections in the food and beverage industry, increasing health consciousness among the masses, and an inflating disposable income in developing nations are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 51.7 Billion
Market Forecast in 2032 US$ 78.2 Billion
Market Growth Rate (2024-2032)
4.72%


Glucose refers to a simple sugar and is one of the most vital energy sources for living organisms. It belongs to the carbohydrate group and is commonly referred to as blood sugar, which is obtained by breaking down the carbohydrates in the food, which is subsequently carried to the cells via circulation for use. It is a primary fuel for the human body, serving as a crucial source of energy for various biological processes. Additionally, it plays a central role in cellular respiration, where it is metabolized to produce adenosine triphosphate (ATP), the energy currency of cells. Moreover, it can be stored in the form of glycogen in the liver and muscles, allowing for a readily available energy reserve when needed.

Glucose Market

The escalating demand for glucose as a carbohydrate from various industries majorly drives the global market. This can be supported by the growing population and increasing urbanization across the globe. As more individuals migrate to urban areas and the global population continues to expand, there is a greater need for food, pharmaceuticals, and other consumer goods that require glucose as an ingredient or component. In addition, continual advancements in biotechnology and research are also driving the market for glucose. As scientists and researchers continue to explore new applications and discover novel uses for glucose, the demand for this versatile carbohydrate increases. Furthermore, the flourishing food and beverage industry is another driver for the glucose market. Glucose is used as a sweetener, flavor enhancer, and ingredient in a wide range of food and beverage products.

Glucose Market Trends/Drivers:

Increasing Government Initiatives and Regulations

Governments across the globe are undertaking initiatives to control and manage diabetes. They are implementing various programs and policies to raise awareness about diabetes, promote early diagnosis, and encourage regular glucose monitoring. Additionally, regulatory bodies are enforcing guidelines to ensure the safety and efficacy of glucose monitoring devices. By fostering a supportive environment for producers and promoting the adoption of glucose-monitoring products, these governmental efforts and regulations support the expansion of the global glucose market. In addition, the growing healthcare expenditure, coupled with the growing importance of diabetes management, drives the demand for glucose monitoring devices, thereby positively influencing the market.

Rapid Expansion of the Home Healthcare Services

The shifting preference toward home healthcare is another significant market driver for glucose products. Patients prefer monitoring their blood sugar levels in the comfort of their homes rather than visiting healthcare facilities regularly. Glucose monitoring devices allow individuals to monitor their glucose levels at home, reducing the need for frequent hospital visits. The convenience, cost-effectiveness, and time-saving benefits of home healthcare contribute to the increasing adoption of glucose monitoring devices, thereby influencing the market growth. Additionally, the aging population is also propelling the demand for remote glucose monitoring devices as the need for diabetes management and glucose monitoring becomes more prevalent among older individuals.

Continual Technological Advancements

The advent of glucose monitoring devices is driving the global market. Along with this, the growing consumer inclination toward innovative devices, such as continuous glucose monitoring (CGM) systems and non-invasive glucose monitoring devices over traditional glucose meters, is further supporting the continual technological advancement segment. CGM systems provide real-time glucose data, offering more convenience and accuracy compared to traditional meters. On the other hand, non-invasive monitoring devices eliminate the need for finger pricking, making glucose monitoring less invasive and more user-friendly. Technological advancements continue to drive the growth of the glucose market by providing improved accuracy, ease of use, and greater patient compliance. Moreover, the advent of advanced glucose monitoring devices and products enables individuals to track their glucose levels accurately and make informed decisions about their diet, exercise, and overall well-being, thus creating a positive market outlook.

Glucose Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global glucose market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on source, form, and application.

Breakup by Source:

Glucose Market

  • Wheat
  • Corn
  • Others
     

Corn dominates the glucose market

The report has provided a detailed breakup and analysis of the glucose market based on the source. This includes wheat, corn, and others. According to the report, corn represented the largest segment.

The corn segment serves as a significant driver in the glucose industry due to several key factors. Along with this, the abundance and accessibility of corn as a primary source for glucose production make it a favored choice among manufacturers. Additionally, corn offers cost advantages compared to alternative sources, making it an economically viable option.

Moreover, continual advancements in corn farming techniques, such as genetically modified varieties and improved cultivation practices, have enhanced crop yields and quality, further strengthening its position as a preferred corn source in the glucose industry.

On the contrary, the growing demand for glucose and its derivatives in the food and beverage sector fuels the need for ample wheat supplies. Additionally, the increasing adoption of wheat-based renewable resources in the production of biofuels and biochemicals drives the demand for wheat sources in the glucose industry.

Breakup by Form:

  • Syrup
  • Solid
     

Syrup holds the largest share of the glucose market

A detailed breakup and analysis of the glucose market based on the form has also been provided in the report. This includes syrup and solid. According to the report, syrup accounted for the largest market share.

The main factor that are driving the growth of this segment is the growing demand for sweeteners and convenience foods. Along with this, the widespread adoption of syrup as a versatile sweetening agent in various food and beverage applications, including bakery products, confectionery, beverages, and processed foods, is also driving the market.

Additionally, the increasing consumer preference for natural and organic products is influencing the demand for syrups derived from natural sources, such as corn, tapioca, and rice.

On the contrary, the stability and convenience offered by solid forms, such as glucose powder or granules, are making them highly desirable for various applications. With increasing awareness about the negative health effects of excessive sugar consumption, solid glucose forms provide an attractive option for individuals seeking healthier sweetening alternatives, thereby influencing the market.

Breakup by Application:

  • Food and Beverages
  • Pharmaceutical
  • Cosmetic and Personal Care
  • Pulp and Paper
     

Food and Beverages dominate the glucose market

The report has provided a detailed breakup and analysis of the glucose market based on the application. This includes food and beverages, pharmaceutical, cosmetic, and personal care, and pulp and paper. According to the report, food and beverages represented the largest segment.

The food and beverage industry plays a significant role in driving the demand for glucose in various applications. The increasing consumer awareness and preference for healthier food and beverage options have led to a rise in the demand for natural sweeteners. Additionally, the growing trend of functional foods and beverages, which offer specific health benefits, is creating a need for glucose as an ingredient for fortification purposes.

In addition, the rising prevalence of diabetes and other metabolic disorders has led to an increasing need for glucose-lowering medications and therapies. Additionally, the growing awareness of the importance of personalized medicine and precision therapies is promoting the development of targeted glucose-based pharmaceuticals that cater to specific patient needs.

Moreover, the glucose industry is experiencing significant market drivers in cosmetic and personal care applications. Glucose, with its multifunctional properties, is increasingly being utilized in the formulation of cosmetic and personal care products. Apart from this, glucose serves as a natural thickener and stabilizer in various cosmetic formulations, ensuring product consistency and longevity.

Breakup by Region:

Glucose Market

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Asia Pacific exhibits a clear dominance, accounting for the largest glucose market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. 

The glucose industry in the Asia Pacific region is influenced by the growing demand for glucose as a sweetening agent in various industries, including food and beverage, pharmaceuticals, and personal care products. The region's expanding population, rising disposable incomes, and changing consumer preferences for healthier and natural sweeteners contribute to this demand.

Additionally, the rising prevalence of lifestyle diseases such as diabetes is fuelling the demand for low-glycemic index sweeteners, including glucose. In addition, the food processing industry in the Asia Pacific is experiencing significant growth, which drives the need for glucose as an essential ingredient in various processed food products.

On the other hand, North America is estimated to expand further in this domain due to the growing awareness about healthy lifestyles and the preference for natural and low-calorie sweeteners. Furthermore, the expanding pharmaceutical and healthcare sectors, coupled with the increasing prevalence of diabetes and related conditions, have created a significant demand for glucose-based products such as oral glucose solutions and diagnostic agents.

Competitive Landscape:

The global glucose market is experiencing significant growth due to the growing awareness of health and wellness and rising preference for natural and healthier sweeteners, and glucose. Additionally, the growing prevalence of diabetes and the need for glucose monitoring devices create a market for companies involved in glucose testing and monitoring technologies. In addition, the pharmaceutical sector utilizes glucose for medicinal purposes, such as intravenous fluids and glucose monitoring devices, contributing to the market. Moreover, the expanding sports nutrition and energy drinks sector offers avenues for companies to develop glucose-based formulations that cater to athletes and fitness enthusiasts. With the right innovation, marketing strategies, and quality control, companies in the glucose industry are creating a positive market outlook.

The report has provided a comprehensive analysis of the competitive landscape in the global glucose market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Archer-Daniels-Midland Company
  • Capital Glucose Company Ltd.
  • Cargill Incorporated
  • Fooding Group Limited
  • Global Sweeteners Holdings Limited
  • Grain Processing Corporation (Kent Corporation)
  • Gulshan Polyols Ltd.
  • Ingredion Incorporated
  • Luzhou Incorporated
  • Roquette Frères
  • Tate & Lyle PLC
  • Tereos


Recent Developments:

  • In October 2021, Tate & Lyle PLC is expanding into three more nations: Greece, Bulgaria, and the Republic of North Macedonia, as part of successful cooperation with distributor Azelis throughout Europe.
  • In November 2017, Ingredion Incorporated introduced a line of low-sugar glucose syrups to help reduce sugar. The Versasweet line's contents, according to the manufacturer, enable formulators to reduce added sugars on Nutrition Facts panels.
  • In July 2017, Archer Daniels Midland Co. (ADM) announced it has finished acquiring Chamtor, a French manufacturer of starches and sweeteners manufactured from wheat.


Glucose Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Source
  • Form
  • Application
  • Region
Sources Covered Wheat, Corn, Others
Forms Covered Syrup, Solid
Applications Covered Food and Beverages, Pharmaceutical, Cosmetic and Personal Care, Pulp and Paper
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Archer-Daniels-Midland Company, Capital Glucose Company Ltd., Cargill Incorporated, Fooding Group Limited, Global Sweeteners Holdings Limited, Grain Processing Corporation (Kent Corporation), Gulshan Polyols Ltd., Ingredion Incorporated, Luzhou Incorporated, Roquette Frères, Tate & Lyle PLC, Tereos, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global glucose market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global glucose market?
  • What is the impact of each driver, restraint, and opportunity on the global glucose market?
  • What are the key regional markets?
  • Which countries represent the most attractive glucose market?
  • What is the breakup of the market based on the source?
  • Which is the most attractive source in the glucose market?
  • What is the breakup of the market based on the form?
  • Which is the most attractive form in the glucose market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the glucose market?
  • What is the competitive structure of the global glucose market?
  • Who are the key players/companies in the global glucose market?


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the glucose market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global glucose market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the glucose industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
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Glucose Market Report by Source (Wheat, Corn, and Others), Form (Syrup, Solid), Application (Food and Beverages, Pharmaceutical, Cosmetic and Personal Care, Pulp and Paper), and Region 2024-2032
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