Glucose Global Market Report 2024

Glucose is utilized to provide carbohydrate calories in situations where an individual is unable to eat due to illness, accidents, or other medical conditions. As the most common form of sugar in the blood and the body's primary source of energy, glucose plays a vital role. Beyond its use in medical contexts, glucose is employed in various industries for multiple purposes.

In the food and beverage industry, glucose is utilized in the production of flavor enhancers, stabilizers, taste enhancers, humectants, vitamins, preservatives, coatings, and bulking agents. One notable property of glucose is its ability to prevent sugar molecules from crystallizing in confectioneries. Glucose is available in different forms, with syrup and solid being the main types. Glucose syrup is a refined and concentrated solution containing dextrose, maltose, and higher saccharides, obtained through the hydrolysis of starch. Sources of glucose syrup include wheat, corn, and others. Apart from the food and beverage sector, glucose finds applications in pharmaceuticals, cosmetics, personal care, pulp, paper, and other industries.

The glucose market research report is one of a series of new reports that provides glucose market statistics, including glucose industry global market size, regional shares, competitors with a glucose market share, detailed glucose market segments, market trends and opportunities, and any further data you may need to thrive in the glucose industry. This glucose market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The glucose market size has grown strongly in recent years. It will grow from $51.55 billion in 2023 to $54.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth observed in the historic period can be attributed to several key factors, including an increase in the prevalence of diabetes, a growing aging population, changes in lifestyles and dietary habits, government initiatives addressing healthcare, and improvements in healthcare infrastructure. These factors collectively contributed to the growth of glucose usage during that period, particularly in response to the rising health concerns associated with diabetes and the broader demographic and lifestyle shifts.

The glucose market size is expected to see strong growth in the next few years. It will grow to $70.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be attributed to several factors, including the rising demand for bakery products, increasing popularity of cosmetics and personal care products, a growing market for processed food items, a rise in disposable income, and increased urbanization. Major trends expected in the forecast period include the adoption of personalized glucose management approaches, the implementation of remote glucose monitoring solutions, the integration of artificial intelligence and data analytics, the development of non-invasive glucose monitoring technologies, and a focus on lifestyle and nutrition interventions. These trends collectively contribute to the projected growth and evolution of the glucose market in the specified period.

The anticipated growth in the glucose market is fueled by the increasing demand from the bakery and confectionery sector. Confectionery, encompassing sweets and chocolates made with sugar and high carbohydrates, benefits from the flavor enhancement provided by glucose. Both bakers' confections and sugar confections commonly utilize glucose in their production. For example, in December 2022, global cocoa bean grinding activities totaled an estimated 4,973 thousand tons in the cocoa year 2020–2021, marking a 5.7% increase over 2019–2020, according to the Center for the Promotion of Imports from developing countries, a Netherlands-based government organization. This data underscores the growing demand for glucose in the bakery and confectionery sector, driving the overall growth of the glucose market.

Another significant driver for the growth of the glucose market is the increasing demand for healthy drinks. Glucose is often included in energy drinks to provide a rapid energy boost, making it a popular choice for individuals with active lifestyles and those seeking quick and convenient sources of energy. Between 2020 and 2021, both sports and energy drinks experienced substantial sales growth, with sports drinks increasing by 14.3% and energy drinks surging by an impressive 20.3%, according to The Food Institute, a US-based media company. This growth, surpassing the overall beverage category, reflects the rising demand for glucose in the production of healthy drinks, contributing to the expansion of the glucose market.

A notable trend in the glucose market is the introduction of low-sugar glucose syrup. Major companies are actively introducing low-sugar glucose syrups to meet consumer demands for healthier options. For instance, in June 2021, General Mills, Inc., a US-based food processing company, launched Good Measure, a brand of snacks with a primary focus on stabilizing blood sugar levels. This product line, featuring three distinct bar varieties, emphasizes natural ingredients with a low carbohydrate content of fewer than five net carbs per serving. With three grams or less of sugar per bar and the use of the rare sugar allulose as a sweetening agent, Good Measure addresses the needs of individuals managing diabetes, pre-diabetes, or other conditions requiring careful blood sugar management. This introduction aligns with the trend toward healthier and lower-sugar alternatives in the glucose market.

Major companies in the glucose market are strategically developing organic glucose products to gain a competitive advantage. A case in point is Kate Farms, a US-based organic nutrition products company, which introduced Glucose Support 1.2 in February 2022. This plant-based, organic nutrition shake is specifically designed for individuals with diabetes, offering a low-glycemic nutritional solution to effectively regulate blood sugar responses compared to standard nutrition shakes. Glucose Support 1.2 is a ready-to-drink shake formulated with a unique blend of plant-based protein, prebiotic fiber, and carbohydrates. It is certified USDA Organic, free from common allergens, and enriched with essential vitamins and minerals. This strategic development aligns with the growing demand for organic and health-focused products in the glucose market.

In a notable strategic move in July 2021, Eli Lilly and Company, a leading US-based pharmaceutical company, acquired Protomer Technologies Inc. The acquisition of Protomer Technologies has significantly strengthened Eli Lilly's diabetes pipeline, providing access to innovative glucose-sensing insulin technology and advanced protein engineering capabilities. Protomer Technologies Inc., a US-based biotechnology company, specializes in molecular engineering of protein sensors through its proprietary MEPS (Molecular Engineering of Protein Sensors) platform, particularly in the development of glucose-responsive insulins and next-generation protein therapeutics. This acquisition underscores the importance of technological advancements and innovation in the glucose market, positioning companies to address evolving needs and enhance their market presence.

Major companies operating in the glucose market include Archer Daniels Midland Company, Ingredion Inc., AGRANA Beteiligungs-AG, Tate & Lyle PLC, Cargill Inc., Roquette Frères SA, Grain Processing Corp, Tereos Internacional SA, Gulshan Polyols Ltd., Global Sweeteners Holdings Ltd., Avebe Group, Luzhou Ruixiang Food Co Ltd., Capital Glucose Company Ltd., Hebei Yunhao Technology Co Ltd., Luzhou Bio-Chem Technology (Shandong) Co Ltd., Fooding Group Ltd., HL Agro Products Private Ltd., Bakers Kitchen, Beneo Asia-Pacific Pte Ltd., DGF Service Ltd., Global Market Insights Inc., Bannari Amman Sugars Ltd., Anhui Wincom Chemical Co Ltd., Malt Products Corporation, Zhangqiu Isen-Granule Manufacturing Science and Technology Co Ltd., Henan Feitian Agricultural Development Stock Co Ltd., Shandong Tianli Pharmaceutical Co Ltd., Gujarat Ambuja Exports Ltd., Sayaji Industries Ltd., Huletts Corporation Ltd.

North America was the largest region in the glucose market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the glucose market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the glucose market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The glucose market consists of sales of dates, apricots, raisins, currants, cranberries, prunes and figs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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