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Industrial Glucose Market Size

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

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Industrial Glucose Market Size

Industrial Glucose Market size was valued at USD 40 billion in 2022 and is estimated to witness 5.2% CAGR from 2023 to 2032. The rising consumption of processed food items, beverages, confectioneries, and baked products will fuel the market demand. The product is employed in numerous pharmaceutical applications including the manufacture of oral suspensions, excipients, and syrups.

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The high requirement for stable & easily digestible glucose sources in the pharmaceutical industry will contribute to the industrial glucose market size. It also acts as a humectant, moisturizer, and thickening agent, fueling its demand in the personal care & cosmetics industry. The livestock & poultry sector also creates a high demand for industrial glucose due to its extensive requirement for animal feed.

Industrial Glucose Market Report Attributes
Report Attribute	Details
Base Year:	2022
Industrial Glucose Market Size in 2022:	USD 40 Billion
Forecast Period:	2023-2032
Forecast Period 2023-2032 CAGR:	5.2%
032 Value Projection:	USD 75 Billion
Historical Data for:	2018-2022
No. of Pages:	180
Tables, Charts & Figures:	217
Segments covered:	Source, grade, form, application, region
Growth Drivers:	Increasing processed food item applications Rapid industrial development Growing consumer awareness on natural products
Pitfalls & Challenges:	Raw material price volatility Several manufacturers creating intense competition

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Diverse sectors, such as paper & pulp, textiles, and adhesives, and fermentation processes, exhibit a high industrial glucose demand. Its strong market demand stems from its versatility as an energy source, raw material, and process aid in these industries.

Agricultural crops, including corn, wheat, and tapioca, are the primary raw materials utilized in the manufacture of industrial glucose. High price fluctuations in raw material prices will substantially influence the manufacturing costs and profits earned by industrial glucose manufacturers. The presence of several manufacturers makes the global industrial glucose market highly competitive and dynamic. This extreme competition will severely impact the pricing and profit margins, making it difficult for companies to distinguish their products and retain market share.

A shift in customer inclination, market trends, and economic conditions will affect industrial glucose demand. Demand fluctuations will also create obstacles for manufacturers while considering production planning, inventory management, and market forecasting. The risks caused by industrial glucose may also reduce the adoption rates, further impeding market growth.

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.