The global glucose market is expected to witness a rapid increase in demand due to the rise in consumption of glucose syrup over the forecast period. Glucose syrup accounts for a majority share in the global starch derivatives market owing to its wide range use in the manufacture of candy products and is poised to grow at a very intense rate by the end of 2020. Some other derivatives of glucose include maltodextrin, hydrolysates, and cyclodextrin.
Dextrose, or D-Glucose, is an isomer of glucose, the other isomer being L-Glucose. The dextrose market has seen a huge growth owing to its usage as a nutritional supplement and sweetener in a variety of food products. With a sizeable population around the globe consuming snacks and desserts, the product has witnessed good market growth. Maltodextrin is a polysaccharide, containing a variable chain length of D-Glucose units, and is also used as a food additive. Besides this, it plays an important role in the cosmetics industry as a binder and stabilizer. The maltodextrin market has seen healthy growth owing to its importance in these end-use industries. Together, the glucose, dextrose and maltodextrin market has witnessed an increased demand from the various end-use industries that they are critical to, such as food and beverages, and cosmetics, owing to their multi-pronged roles of emulsifiers, binders, and sweeteners, as well as thickening agents.
Glucose is primarily used along with sugar as it exhibits complimentary characteristics to natural sugar such as preventing sugar from crystallizing, reducing stickiness of sugar, and retention of extra moisture. Glucose is extensively used as an additive in pharmaceuticals and nutrition foods owing to its high energy content. Over the past few years, there has been an increasing use of glucose in the form of tablets or medicine for patients having low blood sugar. Growth of the pharmaceutical industry is expected to augment demand for glucose market over the forecast period.
Glucose is used in a wide range of applications including food & beverage, pharmaceutical, cosmetics and paper-making. Food & beverages was the largest market for glucose over the past few years and the trend is anticipated to continue over the forecast period on account of growing demand for bakery goods and confectioneries. Increasing demand of energy drinks which contains a significant amount of glucose on account of maintaining a healthy lifestyle also has been the reason for this rapid growth rate in the food & beverage sector. However, non-food uses of glucose including pharmaceutical, cosmetics and paper-making is likely to witness fastest growth over the next seven years owing to the expansion of these end-use industries.
North America was the largest consumer of glucose and its products followed by Europe and Asia Pacific in 2014. Asia Pacific is expected to witness high growth rate in glucose market over the projected period due to improvement in standard of living, increasing income levels as well as geographical expansion of major market players. There has been a growing demand for glucose supplements and medicines from emerging economies such as India and China and this demand is expected to grow significantly by 2020. Polydextrose which is a fat replacement derivative in low calorie food products was developed by Pfizer Inc is also being consumed as a starch ingredient in combination with intensive sweeteners in low calorie foods which have witnessed tremendous demand over the past few years owing to rising consumer awareness to maintain a healthy lifestyle.
Some of the major players in the glucose market include Cargill, Tate & Lyle , ADM, Luzhou food (liquid glucose) ,Ingredion and Roquette.
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The demand for nutraceuticals & functional foods is expected to witness an upward surge owing to consumers opting for immunity boosting supplements during the COVID-19 pandemic. Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is expected to increase the demand for plant and animal-based protein supplements in the near future. The report will account for Covid19 as a key market contributor.