The Dextrose Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dextrose Global Market Report 2024, The dextrose market size has grown strongly in recent years. It will grow from $5.8 billion in 2023 to $6.29 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to growth in food and beverage industry, expansion of pharmaceutical sector, increase in convenience food consumption, growth in sports and energy drinks, rise in sugar substitute demand.
The dextrose market size is expected to see strong growth in the next few years. It will grow to $8.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising demand in the confectionery industry, growing functional food and beverage market, increasing adoption in animal feed, rise in pharmaceutical applications, expansion of the biofuel industry. Major trends in the forecast period include advancements in biotechnology, innovations in clean-label formulations, plant-based dextrose, customized dextrose solutions, collaborations for product innovation.
The growing processed food and convenience food industries are expected to propel the growth of the dextrose market going forward. Processed food is any food that has been altered during preparation, whereas a packed food, dish, or meal that may be quickly and conveniently prepared, and stored by freezing or heating, is referred to as convenience food. The rising processed food industry is fueling the demand for dextrose, as it is extensively used as a sweetener, bulking agent, and energy source in processed and convenience foods, contributing to the growth of the dextrose market. For instance, in 2022, according to the United States Department of Agriculture, a US-based federal agency, the total value of US processed food products exported from the country accounted for $38 billion, an increase of 10.96% from $34.24 billion in 2021. In addition, Canada exported processed food products valued at $11.43 billion, while Mexico exported processed food products valued at $5.65 billion in 2022. Therefore, the growing processed food and convenience food industries are driving the growth of the dextrose market.
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The dextrose market covered in this report is segmented –
1) By Type: Anhydrous, Monohydrate
2) By Form: Crystalline, Powdered, Liquid
3) By Application: Food And Beverage, Confectionery, Bakery, Dairy, Beverages, Condiments And Dressings, Pharmaceuticals, Cosmetics And Personal Care Products, Other Applications
Product innovations are a key trend gaining popularity in the dextrose market. Major companies operating in the dextrose market are developing innovative formulations in sugar and starch substitutes to maintain their position in the dextrose market, and businesses are creating cutting-edge products. For instance, in September 2021, Baxter International Inc., the US-based healthcare company, introduced the premix Norepinephrine Bitartrate in 5% Dextrose Injection, which is available in strengths of 4 mg/250 mL and 8 mg/250 mL. Norepinephrine is used to treat individuals with life-threatening hypotension due to certain medical conditions or surgical operations, along with people with acute or urgent hypotension. Baxter’s formulation of norepinephrine has a refrigerator shelf life of up to 21 months or a room temperature shelf life of up to 90 days in overwrap. It can be stored in automated dispensing cabinets at the point of care.
The dextrose market report table of contents includes:
1. Executive Summary
2.Dextrose Market Characteristics
3.Dextrose Market Trends And Strategies
4. Dextrose market analysis
5.Dextrose Market Size And Growth
6.Dextrose Segmentation
7.Dextrose Regional And Country Analysis
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27.Dextrose Competitive Landscape And Company Profiles
28.Dextrose Key Mergers And Acquisitions
29.Dextrose Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- NOW Foods
- American Sugar Refining Inc.
- Grain Processing Corporation
- Cargill Incorporated
- Archer Daniels Midland Company
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