As per to the latest report by IMARC Group, titled “Corn Glucose Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market size reached 3.6 Million Tons in 2018. Corn glucose is a type of sugar that is obtained from corn starch by the process of hydrolysis. It contains concentrated amounts of calories and is widely used as a sweetener. Also known as glucose syrup, it is most extensively employed in the food and beverage industry as a thickener, sweetener and humectant. It enhances the taste of food items it is added to while extending their shelf life. It is also used in the preparation of food items to add volume, soften the texture and impart color. Its usage also improves the appearance of the food and prevents the crystallization of sugar. Consequently, it is widely utilized in the preparation of chips, cakes, cereals, jams, ice creams, candies, condiments, cookies and sorbets.
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Global Corn Glucose Market Trends:
The thriving food and beverage industry is the key factor driving the growth of the market. Increasing working population, hectic lifestyle and inflating per capita income levels have impelled the demand for convenience and packaged foods across the globe. Since corn glucose is a key ingredient in such food items, its demand is witnessing significant growth across the world. In addition to this, the popularity of international cuisines, on account of rapid urbanization and shifting dietary preferences, is another major growth-inducing factor. Also, various key players in the pharmaceutical industry utilize corn glucose to manufacture tonics and syrups that provide a balanced sweetness to the products. For instance, corn glucose is used to produce cough syrups as it offers increased viscosity and improved mouthfeel without an undue rise in sweetness while playing a vital role in the delivery of the pharmaceutical components. On account of these factors, the global corn glucose market size is anticipated to reach 3.9 Million Tons by 2024, growing at a CAGR of 1.3%.
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- On the geographical front, the market has been categorized into China, the United States, Europe, Asia Pacific (excluding China) and others. Amongst these, China represents the largest producer and consumer of corn glucose, accounting for the majority of the total market share.
- The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players. Some of the major players operating in the market include Global Sweeteners Holding Ltd., Roquette Freres., Cargill Inc., Ingredion Inc. and Archer Daniels Midland.
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