HYDERABAD, TELANGANA, INDIA, February 5, 2022 /EINPresswire.com/ — Glucose Market Forecast to 2028 — Global Analysis by Form (Syrup, Solid), Source (Plants, Animals), Nature (Organic, Synthetic), Application (Food & Beverages, Animal Feed) and By Geography
The global glucose market is worth USD 45.05 billion in 2021 and is projected to reach USD 72.33 billion by 2028, growing at a CAGR of 7.0% during the forecast period. Glucose is a simple sugar that is an important source of energy for living organisms and is a component of many carbohydrates. Practically manufactured glucose imparts sweetness, also acts as a flavor enhancer and texture imparting agent. It is generally used in the production of homogeneous confectionery products such as chewing gum and chocolates. The cosmetics and personal care segment is expected to be the largest during the forecast period, owing to the growing demand for cosmetics and personal care among consumers to maintain hygiene, enhance self-esteem and improve the well-being that supports the growth of the segment. Asia-Pacific is expected to hold the largest market share, owing to the presence of huge customer base and growing demand for food and beverage products in countries in the region owing to their large customer base as well as the rapid economic development. North America is expected to have the highest CAGR, as North America is one of the most proactive regions when it comes to sugar substitution.
Some of the key players profiled in the glucose market include Archer Daniels Midland Company (ADM), Cargill Incorporated, Ingredion Incorporated, Tereos SA, AGRANA Beteiligungs-AG, Grain Processing Corporation, Tate & Lyle PLC, Roquette Frères, Gulshan Polyols, Pfizer , Inc, Fooding Group Limited and Global Sweeteners Holdings Limited.
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