Global Corn Glucose Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Corn Glucose Market Analysis

Corn glucose or glucose syrup is a type of sugar that is obtained from the hydrolysis of corn starch. It contains a concentrated number of calories and is widely used as a sweetener. It is extensively employed in the food and beverage industry as a sweetener, thickener, and humectant. Also, it aids in enhancing the taste of food items while extending their shelf life. It is principally used as a key ingredient in commercially prepared foods for improving colour, enhancing flavour, adding volume, and providing a smooth texture to the food. As corn glucose helps in the prevention of crystallisation of sugar, it is also extensively used in tinned fruits, jams, ice cream, cookies, beverages, sorbets, and dairy, among others. As per corn glucose market overview, approximately 60 bushels (or 1,524 kg) of corn are needed to produce 1 tonne of glucose syrup, highlighting the need for extensive corn production.

As per industry reports, the expected rise in global corn production for the 2023/24 season, projected to reach 1,230.2 million tonnes (an increase of 6.3% from the previous season's 1,157.5 million tonnes), will likely have a considerable effect on the growth of the corn glucose syrup market. Given that corn serves as the primary raw material for glucose syrup production, a boost in production generally enhances the availability of raw corn, which may lead to rising demand from sectors such as food and beverages, pharmaceuticals, and confectionery. 

Moreover, the anticipated increase in the global workforce, projected to exceed 3.4 billion by 2024, coupled with rising per capita income levels expected to reach USD 13,920 by 2025, along with increasingly hectic lifestyles, has notably heightened the demand for convenient and packaged food options. Since the product is a key ingredient in processed food items, the market for corn glucose is experiencing significant growth.

Additionally, the 12.3% increase in global corn exports for the 2023/24 season, rising from 180.2 million tonnes to 202.3 million tonnes, is anticipated to positively influence the corn glucose syrup market dynamics and trends by enhancing the global corn supply. This surge can lead to lower input costs for manufacturers, stabilise market prices, and improve access to raw materials in regions reliant on corn imports.

Corn Glucose Market Report Snapshots

Corn Glucose Market Size

Corn Glucose Market Analysis

Corn Glucose Companies