Overview and Scope
Dextrose refers to a basic sugar derived from corn or wheat that is chemically equivalent to glucose, or blood sugar. Dextrose is a typical sweetener used in baked products and is present in processed foods and corn syrup.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the dextrose market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dextrose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the dextrose market report are NOW Foods, American Sugar Refining Inc., Grain Processing Corporation, Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Limited, Gulshan Polyols Ltd., Sudzucker Group, Ingredion Incorporated, Tereos, Roquette Freres, Tate & Lyle PLC, AGRANA Beteiligungs AG, COFCO Biotechnology Co. Ltd., Global Sweeteners Holdings Limited, Tongaat Hulett, Sunopta Inc., Royal Avebe UA, American Crystal Sugar Company, Belgosuc Nv, Nordic Sugar AS, Cristalco SAS, Uniglad Ingredients UK Ltd., Fooding Group Limited, Penford Corporation, Foodchem International Corporation, ASR Group International Inc., Qinhuangdao Lihua Starch Co. Ltd., Matsutani Chemical Industry Co. Ltd., Changchun Dacheng Group Co. Ltd.
The dextrose market report table of contents includes:
1. Executive Summary
2. Dextrose Market Characteristics
3. Dextrose Market Trends And Strategies
4. Dextrose Market – Macro Economic Scenario
5. Global Dextrose Market Size and Growth
…
32. Global Dextrose Market Competitive Benchmarking
33. Global Dextrose Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dextrose Market
35. Dextrose Market Future Outlook and Potential Analysis
36. Appendix
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