Latin America Glucose Market Size & Outlook, 2023-2030
Latin America glucose market, 2018-2030 (US$M)
Related Markets
Latin America glucose market highlights
- The Latin America glucose market generated a revenue of USD 6,805.6 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, syrup was the largest revenue generating form in 2023.
- Syrup is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6,805.6 million |
| Market revenue in 2030 | USD 9,736.6 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Syrup |
| Fastest growing segment | Syrup |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Syrup, Solid |
| Key market players worldwide | Archer-Daniels Midland Co, Ingredion Inc, Tate & Lyle PLC, Cargill, Grain Processing Corporation, Agrana, Global Sweeteners Holdings, Roquette America, Tereos, Fooding |
Other key industry trends
- In terms of revenue, Latin America region accounted for 13.8% of the global glucose market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,770.1 million by 2030.
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Glucose Market Scope
Glucose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America glucose market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glucose market will help companies and investors design strategic landscapes.
Syrup was the largest segment with a revenue share of 70.73% in 2023. Horizon Databook has segmented the Latin America glucose market based on syrup, solid covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South America is an emerging market for glucose (dextrose) and is expected to witness a substantial growth rate of 4.5% over the forecast period. Primarily, the demand for glucose is driven by Brazil as it is a major consumer of food and beverages, pharmaceuticals and cosmetics & personal care products.
Increasing demand for food and beverages such as soft drinks, dairy products, and confectionery items in Central and South America is anticipated to boost the demand for dextrose over the forecast period. The rising investments by leading food and beverage manufacturers in the emerging countries of Central & South America such as Argentina, Chile, and Brazil owing to the increasing product demand are likely to positively impact the growth of the market over the forecast period.
The increasing penetration of cosmetics and personal care products in Central & South America is the key factor influencing the demand for glucose in the region. The increasing awareness among consumers regarding beauty and hygiene standards is encouraging cosmetics and personal care product manufacturers to introduce innovative products in the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America glucose market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America glucose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America glucose market size, by country, 2018-2030 (US$M)
Latin America Glucose Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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