Dextrose Market Size was valued at USD 3,646.48 million in 2021. The Dextrose market is projected to grow from 2022 to USD 5,056.24 million by 2030, exhibiting a compound annual growth rate (CAGR) of 3.7% during the forecast period (2022 - 2030). Surging Demand For Dextrose From Various End-Use Industries and Government Initiatives On The Consumption Of Reduced Sugar Across The Globe Is Propelling The Dextrose Market Growth across the global market during the forecast period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Dextrose is a simpler sugar prepared from wheat or corn and is having similar chemical properties as compared to glucose. Dextrose is 20% less sweet as compared to conventional sugar. These days dextrose is being used for the production of various food, beverages, pharmaceuticals, and personal care products owing to its functional properties. Consumers across the globe have become more concerned regarding the consumption of extra calories. They are focusing on the reduction of sugar in their diet. Apart from fewer calories, dextrose also improves the texture and flavor of food products, it prevents the crystallization of sugar owing to which it is facing higher demand for the production of various confectionery products such as chocolates and chewing gums. Apart from confectionary, dextrose is also being used in bakery applications as it extends the shelf life, improves the process of fermentation, and enhances the qualities and texture of the final product. In conventional bread, dextrose enriches the color of the crus and tenderizes the crumb. Dextrose also improves the crispness of biscuits; it also improves the shelf life of the products owing to which it is gaining more consumer traction. In addition to this, the demand for dextrose is also gaining more popularity in the beverage industry for the production of soft drinks, low-calorie beers, and specialty beers. Dextrose also has a mild and clean sweetness owing to which it is also being used for the production of water ices, ice lollies, soft-scoopable ice creams, and other frozen desserts. Apart from food applications, dextrose is also being used in personal care industries to create various formulations of cleansing products, skin care products, makeup & hair care products, eye makeup, and bath products. In pharmaceuticals, dextrose is used for the treatment of various health ailments and to enhance the nutritional values of the products. Dextrose also having binding properties, it is also being used as diluents, and fillers for capsules, tablets, and sachets. In pharmaceuticals, it is also being used as an adjuvant for various cell culture applications. Moreover, it also has applications in veterinary for the preparation of various infusions and injections. These are the multifunctional properties associated with dextrose owing to which it is facing very higher demand among the end-use industries and is also anticipated to grow over the forecast years.
Moreover, the higher intake of conventional sugar-based products leads to increasing incidences of diabetes and obesity, owing to which the consumers are focusing on reduced sugar or dextrose-based products to sustain a healthy lifestyle. The manufacturers operating in the dextrose market are focusing on the launch of such products that contain reduced sugar which in turn assists the growth of the overall market. For instance, in September 2022, Cargill inaugurated a corn wet mill in Pandaan to full fill the surging customer needs in starches, sweeteners, and feed markets in Asia and Indonesia. With an investment of USD 100 million, the new facility is expected to help grow the country’s food and beverage industry as well as strengthen the local economy.
As per the MRFR analysis, increasing consumption of processed food, dynamic lifestyles, and rapid urbanization have changed dietary patterns to more sugar intakes, because of which companies in the food & beverage industry had investing in research and developments to reformulate the products with innovations by maximizing taste while limiting sugar contents. The top categories of food and beverages launched reduced sugar from 2018 to 2021 are shown below diagram.
Categories of food & beverages lauNched FROM 2018 to 2021
Source: Industry Expert, Secondary Research, and MRFR AnalysisÂ
The Dextrose Market segmentation, based on type, includes dextrose anhydrous and dextrose monohydrate. The dextrose monohydrate segment held the majority share in 2021 with respect to the Dextrose Market revenue. The growing health-conscious population has increased the demand for sugar substitute products which in turn has compelled manufacturers to incorporate them into their products, which may serve as an opportunity for market growth. In addition to this, it is also utilized in caramel coloring, beverage powders, and other mixtures to assist items with longer shelf lives. Besides this, to serve the various end users, the key players are adopting various strategies to expand its product portfolio and better serve the customers which in turn is expected to positively influence its market growth.
Figure 1: Dextrose Market, by type, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Dextrose Market segmentation, based on form, includes powder, liquid/syrup, and crystalline. The crystalline segment held the majority share in 2021 with respect to the Dextrose Market revenue. One of the major factors driving the growth of the crystalline market is it can also be used for direct consumption owing to its ability to increase physical strength and durability. Furthermore, it can be used as an additional fluid for patients suffering from low blood sugar, fever as well as dizziness. By introducing it as a feedstock for yeast, crystalline dextrose gives the energy required to drive the fermentation process. It is frequently used as a component in fruit wines and ciders because of this. Each field will have a slightly varied sugar content because the amount of sugar in fruit beverages depends on the quantity of sunlight, moisture, and nutrients for that field.
Figure 1: Dextrose Market, by Form, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Dextrose Market segmentation, based on Source, includes corn, wheat, and Others. The Corn segment held the majority share in 2021 with respect to the Dextrose Market revenue. Corn is one of the major sources used in the preparation of dextrose and is manufactured from corn starch which gets converted to glucose that is then partially hydrolyzed to dextrose. The starchy vegetable corn, sometimes known as maize, is offered for sale as husked kernels on a stick. Because it contains a lot of natural sugar and carbohydrates, corn is considered as one of the most popular vegetables in the United States, occasionally receives a poor rap. Moreover, the increased production of corn is likely to increase the production of dextrose which is a vital factor fueling its market growth.
Figure 1: Dextrose Market, by Source, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Dextrose Market segmentation, based on application, includes Food, Beverages, Pharmaceuticals, Personal Care, and Others. The Food segment accounted for a higher market share in 2021 and is expected to witness the highest CAGR. The food segment is further bifurcated as bakery & confectionary, dairy & frozen desserts, snack & cereals, and others. The others include meat processing, pickled products, canned products, and others. The growing government investment in the food sector coupled with the increasing demand among consumers for sugar substitute products is set to drive its market growth in the upcoming years.
Figure 2: Dextrose Market, by Application, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study segments the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. With a market share of 38.7% in 2021, the Asia Pacific dextrose market is predicted to increase at a CAGR of 3.74% during the course of the research.   The increasing demand of raw materials such as wheat and corn to produce dextrose to meet the growing demand of consumers has compelled government bodies to increase the sales of wheat which in turn would fuel its market growth. The growing expansion policies adopted by key players in order to expand its product portfolio and strengthen its foothold in the Asia-Pacific region is likely to contribute to its segmental growth. In addition, the India dextrose market had the quickest rate of growth in the Asia-Pacific region and held the greatest market share.
Further, the major countries studied are: The U.S, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, Argentina, Turkey, and Brazil.
Figure 3: DEXTROSE MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
North America Dextrose market is the second-largest market share and is expected to fastest-growing at a CAGR of 4.25% from 2022 to 2030. The presence of key players across the region providing dextrose for various applications such as bakery & confectionery, beverages, dairy products, culinary, meat, and many more coupled with the growing innovations by them is set to positively influence its market growth. Further, the U.S. Dextrose market held the largest market share, and the Canada Dextrose market was the fastest-growing market in the North America region
The Europe Dextrose Market accounts for the market share and is expected to grow at a CAGR of 3.54% from 2022 to 2030. Europe continues to hold a significant share in the Dextrose Market, owing to the increasing government investment in the pharmaceutical sector. Apart from this, the presence of various food and beverage sector across the European countries is likely to increase the demand of dextrose owing to its nutritional benefits which needs to be incorporated into its products. Further, the Rest of Europe Dextrose market held the largest market share, the Germany Dextrose market held the second-largest market share, and is the fastest growing market in the European region.
To expand their product ranges, major market players are investing a lot of money in R&D, which will spur further growth in the dextrose market. In order to increase their investments and establish a stronger worldwide presence, market participants are also releasing new items, signing contracts, buying businesses, raising investments, and working with other organizations. Competitors in the Dextrose industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global dextrose industry to benefit clients and expand the dextrose market sector is to manufacture locally to reduce operating costs.
Dextrose Industry Developments
September 2022 In order to satisfy the expanding consumer demand in the starches, sweeteners and feed industries in Asia and Indonesia, Cargill opens a maize wet mill in Pandaan in September 2022. With an investment of USD 100 million, the new facility is expected to help grow the country’s food and beverage industry as well as strengthen the local economy.
March 2021Â AGRANA begins manufacturing fruit preparations in Japan. The fruit, starch, and sugar group AGRANA is growing across Asia, which will benefit the business by extending its client base, brand recognition, and marketing.
February 2021 To create Ingrear Holding S.A., Ingredion Incorporated entered into a contract with a subsidiary of the Argentine food firm Grupo Arcor (the “Arcor joint venture”), a joint venture to combine and operate five manufacturing facilities in Argentina to sell value-added ingredients to customers in the food, beverage, pharmaceutical and other industries in Argentina, Chile, and Uruguay.
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
GCC Countries
South Africa
Turkey
Rest of Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 3,646.48 million |
| Market Size 2030 | USD 5,056.24 million |
| Compound Annual Growth Rate (CAGR) | 3.7% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Form, Source, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Cargill Incorporated (US), Ingredion Incorporated (US), Archer Daniels Midland Co (ADM) (US), Tate & Lyle (UK), Tereos (France), AGRANA Beteiligungs-AG (Austria), Roquette Freres (France), Fooding Group Limited (China), Gulshan Polyols Ltd. (India), and Foodchem international corporation (China). |
| Key Market Opportunities | Flourishing Confectionary Sector In Developing Nations Paving The Way For The Dextrose Market |
| Key Market Dynamics | Escalating demand from the bakery and confectionery industry to boost the dextrose market growth Government Initiatives On The Consumption Of Reduced Sugar Across The Globe Propelling The Dextrose Market Growth Across The Global Market |
Frequently Asked Questions (FAQ) :
The Dextrose market accounted for USD 3,646.48 million.
Surging Demand For Dextrose From Various End-Use Industries, and Government Initiatives On The Consumption Of Reduced Sugar Across The Globe Is Propelling The Dextrose Market Growth is the key driving factor for the Dextrose market
The growth rate of the Dextrose market is 3.7% CAGR.
The Asia-Pacific region held the largest market share in the Dextrose market.
Cargill Incorporated (US), Ingredion Incorporated (US), Archer Daniels Midland Co (ADM) (US), Tate & Lyle (UK), Tereos (France), AGRANA Beteiligungs-AG (Austria), Roquette Freres (France), Fooding Group Limited (China), Gulshan Polyols Ltd. (India), and Foodchem international corporation (China) are the key players in the Dextrose market.
Crystalline form led the Dextrose market.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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