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全球工业葡萄糖市场 - 2024-2031Global Industrial Glucose Market - 2024-2031 |
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概述
2023年,全球工业葡萄糖市场规模达402亿美元,预计2031年将达到603亿美元,2024-2031年预测期间CAGR为5.2%。
工业葡萄糖生产中替代来源的使用不断增加,标誌着全球市场动态的变化。甘藷和木薯为小麦和玉米等传统来源提供了有用的替代品,使葡萄糖製造商能够避免因收成低而造成的潜在供应链中断。
全球工业葡萄糖市场的未来成长可能会因人工甜味剂的日益普及而受到阻碍。食品和饮料製造商越来越多地在各种产品中使用三氯蔗糖和阿斯巴甜等人工甜味剂,并加大了对注重卡路里的消费者的营销力度。它可能会减少工业葡萄糖的整体需求,从而扰乱长期市场成长。
动力学
不断推出新的餐饮产品
过去十年来,对包装食品和饮料产品的需求大幅增长,并且在亚太地区等新兴地区变得更加明显。城市化的中上阶层正在推动这一成长,因为他们寻求更多的便利。不断增长的需求促使餐饮品牌扩大了即食食品和包装饮料的产品阵容。
影响新产品推出的另一个主要因素是公司向新地区的扩张。几乎所有类型的加工食品和饮料产品都含有中等到大量的添加糖,以增强风味和风味。此外,工业葡萄糖是餐饮品牌添加糖最经济的选择。因此,随着本地和跨国餐饮品牌透过新产品的推出扩大市场份额,将在预测期内产生对工业葡萄糖的后续需求。
消费者对营养保健品的需求不断增加
在过去的十年里,营养补充品的受欢迎程度呈现爆炸性成长。由于 COVID-19 大流行后健康意识不断增强,这一增长尤为显着。一些研究甚至表明,维生素 D 缺乏与感染严重 COVID-19 的几率较高有关。
此外,为了满足不断增长的消费者需求,许多补充剂公司正在推出适当剂量的片剂形式的多种维生素补充剂,以方便使用。补充剂製造商还推出了带有水果调味剂的软糖形式的儿童复合维生素补充剂,以使其对幼儿和儿童更具吸引力。
发展中市场是全球公司利润丰厚的成长源,因此最近推出的产品主要集中在新兴市场。例如,2023 年 4 月,美国跨国製药和健康营养公司辉瑞 (Pfizer) 在印度推出了 Centrum 系列成人和儿童复合维生素软糖。葡萄糖的用量极少,可为营养补充品添加甜味余味。营养保健品的日益普及将为全球市场创造新的成长途径。
肥胖率上升
世界卫生组织(WHO)估计,到2023年,全球将有近10亿人肥胖,其中包括近3.4亿青少年和3,900万名儿童。儿童肥胖率上升的一些主要因素包括缺乏体力活动和增加加工食品的消费,这些食品含有大量的饱和脂肪和添加糖。
由于人们越来越担心肥胖率上升,许多政府实施了各种限制措施来限制年轻人的糖消费,包括限制加工食品的广告和限制添加糖的数量。添加糖食品的限制将不利于全球工业葡萄糖市场的长期成长。
Overview
Global Industrial Glucose Market reached US$ 40.2 billion in 2023 and is expected to reach US$ 60.3 billion by 2031, growing with a CAGR of 5.2% during the forecast period 2024-2031.
The increasing usage of alternative sources for industrial glucose production signifies changing dynamics for the global market. Sweet potato and tapioca provide useful alternatives to traditional sources such as wheat and corn, allowing glucose manufacturers to sidestep potential supply chain disruptions from low harvests.
The future growth of the global industrial glucose market could be hampered by the growing popularity of artificial sweeteners. F&B manufacturers are increasingly utilizing artificial sweeteners such as sucralose and aspartame in a wide range of products and have increased their marketing towards calorie conscious consumers. It could reduce the overall demand for industrial glucose, thus disrupting long term market growth.
Dynamics
Growing Launch of New F&B Products
The demand for packaged food and beverage products has accelerated considerably over the past decade and has become more pronounced in emerging regions, such as Asia-Pacific. The urbanized middle and upper middle classes are driving this growth as they seek more convenience. Rising demand has led F&B brands to expand their product lineup of ready-to-eat foods and packaged beverages.
Another major factor influencing new product launch is expansion of companies to new regions. Almost all types of processed food and beverage products contain moderate to high amounts of added sugar to enhance taste and flavor. Furthermore, industrial glucose is the most economical option available for F&B brands for adding sugar. Therefore, as local and multinational F&B brands expand their market presence with new product launches, it will generate a subsequent demand for industrial glucose during the forecast period.
Increasing Consumer Demand For Nutraceuticals
The popularity of nutritional supplements has exploded over the past decade. The increase has been particularly significant due to rising health consciousness in wake of the COVID-19 pandemic. Some research even indicated that vitamin D deficiency was linked to a higher chance of contracting severe COVID-19 infection.
Furthermore, in response to growing consumer demand, many supplement companies are rolling out properly dosed multivitamin supplements in tablet form for ease of usage. Supplement manufacturers are also launching multivitamin supplements for children in gummy form with fruit-based flavoring to make it more attractive for toddlers and children.
The developing market is a lucrative source of growth for global companies and hence recent product launches are mostly focused in emerging markets. For instance, in April 2023, Pfizer, a U.S.-based multinational pharmaceutical and health nutrition company, launched its Centrum range of multivitamin gummies for adults and children in India. Glucose is used in miniscule amounts to add a sweet aftertaste to nutritional supplements. The rising popularity of nutraceuticals will create new growth avenues for the global market.
Rising Rates of Obesity
The world health organization (WHO) estimated that nearly 1 billion people globally were obese in 2023, including nearly 340 million adolescents and 39 million children. Some of the major factors behind the increasing rates of childhood obesity include lack of physical activity and increasing consumption of processed foods, which have high levels of saturated fats and added sugars.
Due to this growing concern about the rising rates of obesity, many governments have imposed various curbs to limit sugar consumption among younger people, including restricting advertisement of processed foods and limiting the quantity of added sugars. The curbs on food products with added sugar will be detrimental to the long term growth of the global industrial glucose market.
The global industrial glucose market is segmented based on source, grade, form, application and region.
Standard Purity Industrial Glucose is Expected to Garner the Highest Share During the Forecast Period
Standard purity glucose will garner the highest market share during the forecast period, mainly due to its wide range of applications. It is the main type of glucose used in food and beverage preparations, including confectionery, savory and sweet snacks and various non-alcoholic beverages.
Comparatively, high purity industrial glucose is mainly used in pharmaceutical and nutraceutical preparations, where exacting manufacturing standards and stringent regulations are common. Due to the relatively niche nature of its applications, high purity industrial glucose will always have a smaller overall market share.
Asia-Pacific Expected to Have the Highest Market Share
Asia-Pacific is expected to have the highest share within the global industrial glucose market due to a multitude of factors. Major end-users can have highly scalable growth that is simply not possible in more saturated regions such as North America and Europe. A rapidly urbanizing young population offers significant growth opportunities for major F&B brands, thus significantly augmenting the demand for industrial glucose over the forecast period.
The changing global geopolitical situation also offers significant growth opportunities for the industrial glucose market. For instance, China is increasing its production of animal feed in an effort to reduce its reliance on U.S. imports in a time of growing geopolitical tensions. Total Chinese animal feed production increased by 3% over 2022 to nearly 302 million metric tons. A rise in Chinese animal feed production will also provide new growth opportunities for the global industrial glucose market during the forecast period.
The COVID-19 pandemic created challenges as well as opportunities for the global industrial glucose market. The pandemic lockdowns created agricultural labor shortages, thus affecting wheat and corn harvest, thereby injecting volatility in the supply of feedstock material for industrial glucose production.
Consumer behavior also changed over the course of the pandemic with consumer across various income groups cutting back on processed foods and beverage purchases. A reduced demand from F&B companies led to a fall in prices of industrial glucose. Although some categories of pharmaceuticals and nutraceuticals did experience increased demand, it was not enough to offset decline from the F&B industry.
The prices and demand for industrial glucose experienced a relatively quick recovery in the aftermath of the pandemic, however, the industry is likely to take a few years to recover completely from the aftereffects of the COVID-19 pandemic. Many major producers have now begun to expand production capacity in anticipation of increased future demand.
At the beginning of the Russia-Ukraine war it seemed that the war will negatively impact the wheat production in Ukraine, thus raising volatility in the industrial glucose market. However, with a grain deal, allowing for secured transit of Ukrainian grain through the Black Sea, the volatility was greatly reduced even as the hostilities intensified.
The European Union (EU) and U.S. imposed severe economic sanctions on Russia, which completely disrupted the supply of industrial glucose for the Russian market. Furthermore, demand also witnessed a temporary downturn, due to the exodus of western F&B brands from the local market. Russia had to resort to grey market imports and increase domestic production to fill the gap left by export bans from western producers.
The major global players in the market include ADM, Cargill Incorporated, Grain Processing Corporation, Tate & Lyle, Tereos S.A., Fooding Group Limited, Roquette Freres, Ingredion, AGRANA Beteiligungs-AG and Global Sweeteners Holdings Limited.
The global industrial glucose market report would provide approximately 60 tables, 60 figures and 199 Pages.
Target Audience 2024
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