Dextrose Market

Global Dextrose Market Size (2024 to 2032)

The size of the global dextrose market is expected to be worth USD 6.29 billion in 2024 and grow at a CAGR of 7.60% from 2024 to 2032 to achieve USD 11.30 billion by 2032.

Dextrose is a type of simple sugar, identical to blood sugar, that is glucose which serves as a source of energy to human bodies. It is mainly derived from corn starch or wheat. It is widely used in various industries, including food & beverage, pharmaceutical, etc. In the food and beverage industry, it is used as a sweetener in products like candies and baked foods to enhance flavors and texture. Also, it improves the process of fermentation and is hence used in wine. In healthcare, it is used to treat low blood sugar and dehydration. Dextrose is easily absorbed in the body and provides energy, due to which it is valuable in sports drinks and supplements. In addition, dextrose preserves packaged foods and helps to extend the shelf-life of foods & beverages.

Recent Developments in Dextrose Industry

• In September 2022, Cargill Inc. opened a maize wet mill in Pandaan to meet the rising consumer demand in the feed, sweetener, and starch industries in Asia and Indonesia. The new facility, which cost USD 100 million to build, is anticipated to boost both the local economy and the country's food and beverage industry.
• In March 2021, Japan-based AGRANA started producing fruit preparations. The fruit, starch, and sugar company AGRANA is expanding throughout Asia, which will help the company by broadening its customer base, increasing brand recognition, and increasing marketing.

REPORT COVERAGE

Drivers

One of the major drivers of the market is an increasing demand for dextrose in the food and beverage industry. The food and beverage industry is growing as more people demand convenience products that are easy-to-eat foods and beverages. So that the demand for dextrose is also increasing as it is widely used in these products and makes them taste sweeter and give a nice texture. It makes products more delicious and look attractive and also adds volume to the products, which makes them look fuller. Hence it is useful in products like instant soups, sauces, and certain baked foods. Also, it is being used in sparkling drinks, which are trending in the beverages market. All these applications of dextrose are influencing the demand for the dextrose market.

The rising number of health-conscious people is an important driver for the market. As more and more people are becoming health conscious, they are seeking healthy foods and drinks, and for that, dextrose is the best option for them to adopt. Because dextrose is a natural and simple type of sugar obtained from corn or wheat, it does not contain any artificial ingredients in it, and so health-conscious people prefer dextrose as a favorable and safe option to consume as an ingredient in their products. This is majorly driving the market demand.

The rising demand for dextrose in pharmaceutical and healthcare is leveraging the shares of the market. Dextrose is widely used in the treatment of hypoglycemia, which is low blood sugar, as it increases the blood sugar level quickly and prevents any further complications. Also, it helps in the dehydration condition by effectively absorbing more water and essential minerals. Hence it plays a crucial role in helping to recover people and maintain their health, due to which demand for the dextrose market is boosting as the pharmaceutical industries are growing.

Restraints

One of the major restraints of the market is the changing prices of the raw material that are used to produce dextrose. If there is a limited supply of corn or wheat due to environmental conditions, low yield, or any other issues, the prices for dextrose production go up and result in the high prices of the products that are made up using it. On the hand, if the yield of corn is high, then the prices go down and make it affordable to everyone. Hence this price fluctuation of raw materials restricts the market growth.

The emerging alternative sweeteners are another restraint to the dextrose market size expansion. The high-intensity artificial sweeteners such as sucralose and aspartame are very much sweeter than sugar and have little to zero calories; this is why it is widely used in various food products. Also, a natural sweetener like stevia is an alternative option for health-conscious consumers as it is produced from plants. Hence, the demand for the dextrose market face challenges as people seek healthier and lower-calorie sweetening options, and as a result, these alternative sweeteners are highly adopted in the food and beverage industry, which is restraining the market demand.

The increasing health awareness is also a factor that is somehow restraining the market growth. Consuming sugar in high amounts, including dextrose, leads to health issues like weight gain, high blood sugar level that is diabetes, etc. Hence, as people become more aware of the side effects of consuming sugar, overall consumption of sugars, including dextrose, is reduced the demand for products with dextrose is also declining. This increasing awareness about health and changing preferences of consumers is limiting the expansion of the dextrose market size.

Opportunities

The increasing use of dextrose in the sports nutrition industry is offering significant opportunities to the market. As many people are getting interested in fitness and wellness, they are preferring sports activities. So, to support the energy requirements during physical activities, there is a great need for sports drinks and energy supplements. As dextrose quickly and easily provides energy, it is majorly used in various sports energy drinks, helping them perform better. Hence, with rising sports and fitness lifestyles, there is an increase in the demand for sports drinks and energy supplements, which opens up a growth opportunity for the market globally.

Also, the growing demand for functional foods is another opportunity for the dextrose market to expand. Dextrose is used in making foods and supplements which offer lots of health benefits to consumers, and the demand for functional foods is boosting. Hence, the manufacturers of these products can combine dextrose with them to produce new and innovative products that should target health benefits and attract more consumers. This can help the market to gain the maximum market share.

Dextrose Market Segmentation Analysis

By Type

• Anhydrous
• Monohydrate

The anhydrous dextrose segment is anticipated to dominate the market during the projected period as anhydrous dextrose is a pure and crystalline form of dextrose without moisture content. That is, it does not contain water and hence finds various applications in industries such as food and beverages, pharmaceuticals, etc. This is contributing to an increase in the demand for this segment. However, the monohydrate dextrose segment is expected to grow at the fastest rate in the coming years. Anhydrous dextrose is majorly used in various food preparations as a sweetener, increasing demand in the food and beverages industry and hence influencing the shares of the market.

By Form

• Solid
• Liquid

The solid form of dextrose is anticipated to dominate the market in the coming year, owing to its wide applications in baking, confectionery, powdered drink mixes, and various food and beverage products, as it is a fine, crystalline powder. This attribute is influencing the market shares. At the same time, the liquid form of dextrose is expected to grow significantly during the forecast period. Liquid dextrose is commonly used in the production of liquid medicines, sports drinks, and various liquid food products. This is contributing to boosting the market size.

By Application

• Food & Beverages
• Pharmaceuticals
• Personal Care
• Paper & Pulp
• Agricultural

The food and beverages segment is ruling the dextrose market growth, whereas the pharmaceuticals segment is expected to grow at the fastest CAGR in the upcoming years. Food and beverage industries are highly using dextrose as a sweetener, and it also helps to improve texture and flavors in the production of various food products like baked foods, confectionery, dairy products, beverages, and processed foods. This attribute influences the shares of the market. Dextrose is widely used to treat low blood sugar and dehydration conditions, as it provides quick energy and nutrients to patients. Due to its wide applications in medication, it is highly demanded in the pharmaceutical industry.

By Region Analysis

The Asia Pacific region is leading the market with the largest market shares, owing to the rapid industrialization in this region which includes the growing food and beverages industry leading to increasing the demand for dextrose. Also, the market is driven by a large population and their shifting preferences toward healthy and natural food alternatives such as foods, including dextrose. However, North America is expected to grow significantly during the projected period. Because of the growing food and beverage industry and ongoing demand for sports nutrition and functional foods, it contributes to boosting the market size.

Key Players in the Market:

Major Key Players in the Global Dextrose Market are

• The Archer Daniels Midland Company
• Cargill, Incorporated.
• Tereos S.A.
• Wilmar International Limited
• Louis Dreyfus Holding B.V.
• AGRANA Beteiligungs-AG
• Roquette Freres
• Fooding Group Limited
• Gulshan Polyols Ltd.
• Foodchem international corporation