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.
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.
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.
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.
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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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.