Saudi Arabia Glucose Market Size & Outlook, 2023-2030
Saudi Arabia glucose market, 2018-2030 (US$M)
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Saudi Arabia glucose market highlights
- The Saudi Arabia glucose market generated a revenue of USD 2,299.1 million in 2023 and is expected to reach USD 3,383.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.7% 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.
Glucose market data book summary
| Market revenue in 2023 | USD 2,299.1 million |
| Market revenue in 2030 | USD 3,383.9 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Syrup |
| Fastest growing segment | Syrup |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 4.7% of the global glucose market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia glucose market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,383.9 million by 2030.
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Glucose Market Scope
Glucose Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 68.39% in 2023. Horizon Databook has segmented the Saudi Arabia glucose market based on syrup, solid covering the revenue growth of each sub-segment from 2018 to 2030.
A healthy diet is an important factor of the traditional food in Saudi Arabia; however, dietary habits have changed as a result of industrialization, urbanization, and globalization. The increased penetration of bakery and confectionery products and convenience food is providing the substantial thrust to glucose demand in various food & beverage products.
Saudi Arabia is one of the largest importers of glucose in the Middle East, owing to the increasing use of sugar in various food & beverage products and pharmaceutical products. The use of glucose in pharmaceutical products to manage hypoglycemia and dehydration is among the common applications of glucose in the country.
The research study conducted by J Family Med Prime Care in 2019 shows that the incidence of hypoglycemia in diabetic patients was higher, as 52% of the participants reported at least one attack of hypoglycemia during Ramadan, as people are on fast during the month of Ramadan resulting in lower glucose level. The aforementioned factors are anticipated to boost the demand for glucose in the country over the forecast period.
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Target buyers of Saudi Arabia glucose market databook
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Our clientele includes a mix of glucose market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia glucose market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia glucose market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia glucose market size, by form, 2018-2030 (US$M)
Saudi Arabia Glucose Market Outlook Share, 2023 & 2030 (US$M)
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