Glucose Market: Snapshot
The glucose market is estimated to observe tremendous growth prospects during the forecast period of 2021-2031 owing to an increase in the demand for convenience foods. The extensive use of glucose in various applications in bakery, confectionary, and dairy will prove to be good growth generators.
The expanding demand for clean-label food products and the role of glucose as a stabilizer, preservative, coating and bulking agent, texture enhancer, humectants, adjuncts, and others will bring substantial growth prospects for the global market.
Glucose, also known as dextrose, is derived from corn, wheat, and others. Glucose is a simple sugar which is important in keeping the body mechanisms in order. It is one of the preferred fuel sources in the form of carbohydrates. The utilization of glucose is diverse among many end-users. Some prominent end-users are pharmaceuticals, cosmetics and personal care, pulp, food and beverages, and paper. The expanding demand for glucose in these end-users brings tremendous growth opportunities for the glucose market.
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The research conducted on the global market for glucose by Transparency Market Research (TMR) is a treasure of information for the stakeholders and CXOs. All the information has been compiled systematically in a report which provides valuable insights to the stakeholders about the recent trends, competitive landscape, regional aspects, and many other touch points that describe the growth trajectory of the glucose market. The COVID-19 impact has also been covered in the report.
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What are the Competitive Insights in Glucose Market?
The glucose market has numerous players in the fray. The players are involved in research and development activities to derive novel insights. Furthermore, the players are also involved in strategic collaborations for increasing their presence across the glucose market.
Some key players in the glucose market are Grain Processing Corporation, Ingredion Incorporated, Cargill, Incorporated, Global Sweeteners Holdings Limited, and Tereos S.A.
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What are Key Trends in Glucose Market?
Glucose Syrups to Attract Considerable Demand
Liquid glucose or glucose syrups have a crucial role in the food and beverages sector. The excellent properties of glucose syrups make them one of the preferred ingredients in various food products. The extensive utilization of glucose syrup in chocolate, candy, fondant, beer, and bakery products will bring considerable growth prospects for the glucose market.
Rising Demand for Cosmetics to Boost Growth Opportunities in Glucose Market
The growing awareness about using cosmetics to boost self-esteem and personal hygiene will invite substantial growth for the glucose market. Glucose is a vital component in numerous cosmetics and personal care products. Hence, this factor will assure promising growth for the glucose market. However, manufacturers are finding ways to adopt natural alternatives to glucose, which may hinder the global market.
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How has COVID-19 Impacted Glucose Market?
Supply chain disruptions and border restrictions on the back of the lockdown impositions impacted the growth of the glucose market to a considerable extent. The COVID-19 pandemic increased the demand for cosmetic products to a considerable extent. Due to the stay-at-home orders, many individuals had the time to focus on their skincare routine. Thus, the sales of cosmetic products noticed a steady increase during this period. The food and beverage sector was also running smoothly during the lockdown period. Hence, this factor also proved to be fruitful for the growth of the glucose market.
How is the Demographic Landscape of Glucose Market?
The glucose market in Asia Pacific is extrapolated to hold a dominant position during the forecast period of 2021-2031. The rising urbanization and the growing disposable income in the region have led to an increase in demand for cosmetics and personal care products. Furthermore, densely populated countries like China and India are witnessing considerable demand for food products and beverages. These factors will have a positive impact on the growth trajectory of the glucose market in Asia Pacific.
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