Global Glucose Market (2020 to 2028) Size, Share & Trend Analysis Report – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD) – The “Global Glucose Market Size, Share and Trend Analysis Report by Form (Syrup, Solid), by Application (F&B, Pharmaceutical, Cosmetic & Personal Care, Pulp & Paper), by Region and segment forecast, 2020-2028 “report was added to ResearchAndMarkets.com offer.

The global glucose market size is expected to reach $ 63.6 billion by 2028. The market is expected to grow at a CAGR of 5.0% from 2020 to 2028. The market is expected to be driven by the growth of the glucose-based products. sugar and the change in preference to natural products. ingredients in cosmetics and personal care products.

Growing demand for glucose (dextrose) in the food and beverage industry, especially in bakery and confectionery, dairy products, soups, dressings and sauces, and beverages is expected to fuel the market growth. Demand is growing mainly in developing economies, especially China and India, as larger companies create economic opportunities in food and beverage value chains, especially to support future business growth. Economic development and rapid urbanization are fueling demand in developing economies.

Glucose syrup has a potential customer base across the world due to its widespread use. It has significant advantages in the catering, pharmaceutical, cosmetic and personal care industries. It helps improve flavor and texture, helps control crystallization of sucrose and dextrose in confectionery, improves product shelf life, fermentation in baked goods, and helps retain moisture, among others. These are the major factors that are supporting the growth and demand for Glucose Syrup in the market.

The cosmetics and personal care applications segment is estimated to experience the highest revenue-based CAGR of 5.5% from 2020 to 2028. The changing focus of consumers as well as government towards health and longevity benefits The cosmetics and personal care environment is expected to propel the growth of glucose in the cosmetics and personal care industry. For example, governments are adopting guidelines and regulations for the use of synthetic ingredients in the cosmetics industry that can negatively impact human health as well as the environment in the long term.

Around 1,300 substances are totally banned or heavily regulated and restricted in the EU for use in cosmetics. One of them is petroleum, otherwise used as mineral oil, petrolatum and paraffin oil in cosmetics are banned in the EU in all cosmetic products, including lips, hair and body care products. skin care. The use of petroleum in cosmetics can cause allergies, infections, aspiration hazards, and clogged pores. These regulations are expected to create growth opportunities for glucose in the respective industry.

Highlights of the Glucose Market Report

  • The solid segment is expected to grow at a CAGR of 4.7% during the forecast period. Glucose in solid or powder form is gaining growth in the food and beverage market due to the increasing demand for organic glucose powders. The ever increasing demand in the food and beverage industry has a significant impact on the segment market value.

  • The food and beverage segment accounted for 53.4% ​​of the revenue share in 2020. The growing demand for processed and packaged food products across the world is supporting the dominant share of food and beverage applications. The ever expanding varieties of food products and their requirement for increased shelf life are expected to support the market growth.

  • In Europe, the market accounted for a 17.5% revenue share in 2020. The region has potential demand for natural cosmetics and personal care products due to government support and public awareness of their benefits. As a result, cosmetic companies are replacing synthetic ingredients with natural variants in the regional market.

  • The United States accounted for the majority of revenue and market volume share in North America. The country is growing due to its massive use of sugar products like confectionery, packaged foods, soft drinks and baked goods. The strong presence of major players in the region such as ADM, Ingredion Incorporated and Cargill, Incorporated supports the growth of the country’s market.

  • Key companies operating in the industry have tried to increase their production capacities in order to expand their geographic reach with increased market share. For example, in April 2019, the AGRANA group announced the construction of a new production facility, which is a joint venture (JV) of AGRANA and an American company The Amalgamated Sugar Company. The new factory was established with an investment of approximately $ 47.3 million (40 million euros).

Market dynamics

Conductors

  • Rapidly growing consumption of chocolate sweets and confectionery

  • Growing demand for natural cosmetics

Constraints

  • Health risks associated with excessive consumption of sugary products

Challenges

  • Fluctuating cost of raw materials

Companies mentioned

  • SMA

  • Ingredient Incorporated

  • AGRANA Beteiligungs-AG

  • Tate & Lyle

  • Cargill, incorporated

  • Roquette Frères

  • Grain processing company

  • Tereos

  • FOOD

  • Global Sweeteners Holdings Limited

For more information on this report visit https://www.researchandmarkets.com/r/7zpmtd

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