Glucose Market Size to Worth Around US$ 73.6 Billion by 2030

According to Report Study, the global Glucose market size is expected to be worth around US$ 73.6 billion by 2030. The global Glucose market size was valued at US$ 50.9 billion in 2020 and is anticipated to grow at a CAGR of 8.0% during forecast period 2021 to 2030.

Report Highlights

• The syrup segment dominated the market and accounted for the maximum revenue share of 71.2% in 2020.
• The food and beverages segment dominated the market and held the largest revenue share of 53.4% in 2020.
• The cosmetics and personal care application segment is estimated to experience the fastest growth over the forecast period from 2020 to 2030.
• Asia Pacific dominated the glucose (Dextrose) market and accounted for the maximum revenue share of 38.7% in 2020.
• In 2020, Asia Pacific is followed by Middle East & Africa in terms of revenue share (%), and the region is also estimated to maintain its position during the forecast timeframe.
• In North America, the U.S. dominated the market in 2020 in terms of revenue share and is anticipated to lead the regional market throughout the estimated period.

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Growth Factors

 The market is projected to be driven by the growth in sugar products and shifting preference towards natural ingredients across cosmetics and personal care products.

The increasing demand for glucose (dextrose) in the food and beverages sector especially across bakery and confectionery, dairy, soups, dressings and sauces, and beverages is expected to fuel market growth. The demand is majorly gaining pace from the developing economies including China and India because the bigger firms are building economic opportunities across the food and beverages value chains, particularly to support future business growth. Economic development along with rapid urbanization is fuelling the demand across developing economies.

Glucose syrup is having a potential customer base across the globe due to its widespread usage. It has significant benefits across F&B, pharmaceuticals, as well as cosmetics, and personal care. It helps in flavor and texture enhancement, helps in controlling sucrose and dextrose crystallization in confectionaries, enhances the shelf life of the products, fermentation in, and helps in retaining moisture among others. These are the major factors supporting the growth and demand for glucose syrup in the market.

Increasing Application in Bakery and Confectionery Sector

Glucose or dextrose, apart from imparting sweetness, also acts as a flavor enhancer and texture conferring agent. It prevents sugar crystallization, which is a desirable feature in confectionery products, which in turn has substantially increased its application in confectionery industry.  It is generally used in the production of homogeneous confectionery products such as chewing gums and chocolates. The confectionery manufacturers across the globe are incorporating dextrose monohydrate as an alternative to sucrose. Owing to such additional benefits, the dextrose has actively paved strong growth opportunity in the bakery and confectionery sector.

Form Insights

The syrup segment dominated the market and accounted for the maximum revenue share of 71.2% in 2020. The segment is also projected to maintain its dominance throughout the forecast period. It is basically the liquid glucose derived commonly from corn and also from other cereal grains including wheat, rice, barley, potato, and cassava. For instance, AGRANA Beteiligungs-AG provides a variety of glucose syrup under the brand name AGENABON and the majority of them are manufactured from corn and wheat. 

Glucose syrup or liquid glucose is commonly available in a colorless form and has major application across food and beverages. The prominent applications include candy, chocolate, beer, fondant, and bakery products. Associated beneficial properties in applications like taste enhancement, bulking, moisture-retaining, preventing crystallization, and lowering freezing point among others are supporting its growth and usage across the food and beverage sector.

Some of the ongoing developments in the glucose syrup market include non-GMO, low-sugar, organic, and vegan syrups. These are gaining popularity in the global market due to rising awareness about these advanced products and their health benefits because they are free from chemical pesticides, chemical fertilizers, or chemical preservatives. Along with these, health benefits associated with the consumption of organic food such as antibiotic resistance, antioxidant content, pesticide cutback, stronger immune system, organic products are poison-free, organic foods are not genetically modified, and lessened chances of food-borne illness are supporting the market growth. For instance, AGENABON (organic glucose syrup solids) helps in reducing microbiological spoilage during storage and helps in the reduction of syneresis. This organic syrup offered under the brand name AGENABON is a recommended ingredient for organic and non-GMO products such as ice cream, spices, meat products, liqueurs, ketchup, and barbecue sauces.

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Application Insights

The food and beverages segment dominated the market and held the largest revenue share of 53.4% in 2020. The application segment is also estimated to maintain its dominance throughout the forecast period from 2020 to 2030. The wider application segment including bakery and confectionery, dairy, soups, dressings and sauces, and beverages among others is contributing to the maximum revenue share in the market. Rapidly expanding food and beverages sector across the globe due to increasing research and development activities by the major industry manufacturers for the development of new products and improvisation of existing ones is driving the market.

The increasing demand for bakery and confectionery products due to changing food habits coupled with the growing urbanization, as well as an increasing number of women in bakery products manufacturing is majorly supporting market growth. The use of dextrose in baked goods has certain advantages like it’s easily fermentable, contributes to browning in bread and bun making, and prevents the crystallization in syrups, candies, and fondant. This is making it a suitable ingredient in bakery products.

Moreover, in confectionery applications glucose (dextrose) is an essential ingredient that helps in maintaining the viscosity of the sweets for enhancing product quality. Some of the common products in the confectionery segment using glucose include gum and jelly products, hard candy, aerated confections, fillings, modified confectionery products, chewy candy, and chocolates. The increasing marketing activities by the manufacturers for these confectionaries especially focused on children and adult population is propelling market value.

The cosmetics and personal care application segment is estimated to experience the fastest growth over the forecast period from 2020 to 2030. The increasing demand for cosmetics and personal care among the consumers to maintain hygiene, boost self-esteem, and enhance well-being is also supporting the growth of the segment. These products are regulated to ensure the safety of the users, as a part of it, manufacturers are looking for and adapting natural alternatives to synthetic ones like glucose to comply with the changing regulations. For instance, in the EU new products are required to undergo an expert scientific safety assessment before the launch in the market for sale.

A new trend among women cosmetics and personal care products is proliferating demand for new products especially from local brands, and artisanal and natural products. This trend is anticipating growth across varied cosmetics and personal care products including makeup, skincare, haircare, and lip care among others. Especially, in skincare, the demand for more natural, clean, and even food-standard products is bolstering more commonly across women worldwide. The social media marketing tactics are supporting this trend in the international as well as the local market because the manufacturers are now more easily connect with their target audience through these platforms.         

Regional Insights

Asia Pacific dominated the glucose (Dextrose) market and accounted for the maximum revenue share of 38.7% in 2020. The region is also projected to continue with its dominance throughout the forecast period from 2020 to 2030. The presence of a huge customer base is the major factor contributing to the maximum regional market value. The major economies of the region including India and China are major revenue contributors. The boosting demand for food and beverages products across these countries owing to their large customer base as well as rapid economic development is driving the market in the region.

The increasing demand for F&B products and cosmetics and personal care due to increased discretionary income coupled with the rising urban population is expected to support fast growth of the market in the region. In addition, the increasing expansion of major players in the region owing to the presence of growth opportunities like rising purchasing power of residents and changing eating habits are further accelerating the regional market value.  

In 2020, Asia Pacific is followed by Middle East & Africa in terms of revenue share (%), and the region is also estimated to maintain its position during the forecast timeframe. The flourishing tourism industry in countries such as the UAE and Saudi Arabia is bolstering demand for food and beverages products, which, in turn, is contributing to the regional market value. The continuously rising demand for natural food ingredients and products in countries such as South Africa, Saudi Arabia, and the UAE are further supporting the regional market value.

Europe is gaining pace on account of its major economies including the U.K., Germany, and Italy. Organic, clean label, and natural products are the current significant factors that are driving the demand across the European market. Consumers in Europe are looking for healthier alternatives such as organic, fresh, artisanal, and ethnic food products owing to the noticeable presence of the aging population with their focus on health.  The region has a dominance of glucose syrup over its solid form, as it is in manufacturing for more than a century in the region.

In North America, the U.S. dominated the market in 2020 in terms of revenue share and is anticipated to lead the regional market throughout the estimated period. The high consumption of sugar products by Americans is the primary factor driving the growth. The high demand for sugar confectionaries including candies and chocolates due to their emotional benefits and being part of occasional gifts are supporting market growth.

Key Players

• Archer Daniels Midland Company (ADM)
• Ingredion Incorporated
• AGRANA Beteiligungs-AG
• Tate & Lyle PLC
• Cargill, Incorporated
• Roquette Frères
• Grain Processing Corporation
• Tereos S.A.
• Fooding Group Limited
• Global Sweeteners Holdings Limited

Market Segmentation

• Form
  • Syrup
  • Solid
• Application
  • Food & Beverages
    • Bakery & Confectionery
    • Dairy
    • Soups, Dressings & Sauces
    • Beverages
    • Others
  • Pharmaceutical
  • Cosmetic & Personal Care
  • Pulp & Paper
  • Others
• Regional 
  • North America
  • Europe
  • Asia Pacific
  • Central & South America (CSA)
  • Middle East & Africa (MEA)

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