Glucose Market Surges to $66.55 Billion by 2029, Fueled by Rising Beverage Industry Demand
In a remarkable turn of events, the Global Glucose Market is projected to skyrocket to an impressive $66.55 billion by 2029, showcasing a substantial growth rate of 5% CAGR from its 2022 valuation of US$ 47.29 billion. This surge is attributed to a surge in demand from the ever-expanding beverage industry, coupled with extensive research and development activities.
China Tops Export Charts, Germany Leads Import for Glucose Market
China emerges as the global leader in glucose exports, contributing a staggering US$ 356 million, while Germany takes the lead in imports. The total world trade of glucose, standing at US$ 1.82 billion in 2019, has showcased a 0.01% share percentage, indicating the market's potential for further expansion.
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Glucose Market Overview:
Maximize Market Research has unveiled a highly informative report on the Glucose Market. The research adopts a comprehensive and basic approach to analysing the market, taking into account subjective factors that can offer readers vital business perspectives. The report's market overview lets stakeholders explore the value chain structure, geographical analysis, applications, market size, and forecast.
Glucose Market Report Scope and Research Methodology:
The report primarily focuses on identifying major companies' key drivers and restraints, alongside a comprehensive evaluation of current competitive benchmarking and development prospects. The report offers a detailed analysis of the Glucose market trends, future insights, and recent market changes, encompassing demand chain, supply chain, and sales aspects. The report also includes vital information such as Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product in the Glucose market research.
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Glucose Market Segmentation:
by Source
Plant
Animal
Chemical Others
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% increase in demand for the use of chemicals to produce glucose due to an increase in demand for the commodity across various sectors and the availability of a quick synthesis method. In the second decade of this century, there has been a 1.5% increase 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.
by Nature
Organic
Synthetic
The market is divided into two sub-sectors based on nature: Synthetic and Organic. Glucose extracted from organic sources is predicted to remain the major revenue-generating segment for the global glucose market from 2019 through 2029 due to rising consumer preferences for natural food products and healthier food options. In the second decade of this century, the Food & Beverages industry, which is a part of the unorganised sector, saw a 2.1% increase in demand for glucose produced in laboratories due to an increase in the need for less expensive alternatives.
by Application
Bakery product
Dairy product
Snacks
Breakfast
Food and Beverages
animal feed
medicine
Others
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 features preserve moisture and enhance the flavour of cakes, muffins, and other ready-to-eat food products, Bakery & Confectionery Products 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 substitutes as a significant source of energy that the body needs.
by End-User
Food and Beverage
Bakery Industry
Nutraceuticals Industry
Pharmaceutical Industry
Animal husbandry industry
Others
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Glucose Market Key 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
Key questions answered in Glucose Market are:
- What is the current growth rate of the Glucose Market?
- Who are the key players in the Glucose Market?
- What are the factors affecting growth in the Glucose Market?
- What are the global trends in the Glucose Market?
- What is the expected demand for different types of products in the Glucose Market during the forecast period?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Glucose Market Regional Insights:
In-depth assessment of the growth trend is done in the global Glucose market report according to regions. The report strategically segments the major regions, such as North America, Asia Pacific, Europe, South America, and the Middle East and Africa, all of which play a pivotal role in shaping the Glucose market at a global level.
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