Dextrose Market is predicted to reach USD 5,056.24 million at a CAGR of 3.7% during the forecast period 2022-2030

Market Research Future (MRFR) has published on the "Dextrose Market”

Dextrose Market Highlights

According to the MRFR analysis, The global dextrose market was valued at USD 3646.48 million in 2021 and is projected to reach USD 5056.24 million by 2030 at a CAGR of 3.7%.

Dextrose is a type of sugar generally sourced from corn or wheat. Dextrose is nearly identical to glucose, which is the sugar found in the blood. Owing to this, dextrose can be used as a source of energy by the human body. Also, it is amongst the fastest-acting sources of energy. Dextrose is a plant-based ingredient as it is majorly sourced from maize or wheat. It is a simple sugar, which belongs to the Carbohydrates family. Food manufacturers use dextrose in powder or liquid form after it is dried or crystallized. Dextrose is majorly used in foods as an artificial sweetener or a preservative. In the pharmaceutical sector, dextrose is utilized as a binder in syrups with varying sugar contents as well as tablet formulations for giving powders cohesion. The caloric value of dextrose is 4 kcal/g.  It is manufactured from starch, using a process that uses water to break down complex carbohydrates into smaller molecules.

One of the key drivers for the worldwide market is the surging demand for dextrose from various end-use industries which is giving an impetus to sales. However, increasing the application of gums as a substitute for dextrose may limit growth. Hence, the flourishing confectionary sector in developing nations paving the way for the dextrose market options and growth opportunities for players operating in the dextrose market during the forecast period.

COVID-19 Impact on Dextrose Market

Demand for low-sugar food and drink items, specifically, has increased during COVID-19, which has strengthened the business.  The healthcare experts also suggested regular consumption of healthy food that will preserve the body's immunity. Additionally, the significant increase in online sales of food and beverage products during the lockdown aided industry growth. During the pandemic, consumers spent more time at home, which raised consumer interest in personal health and weight management which further increased the sales of less sweetened products. The World Health Organization (W.H.O.) also suggested a well-balanced diet with less sweetened items to maintain a robust immune system and lower the chance of contracting COVID-19.  The production of dextrose starts with the procurement of raw materials, which includes corn/maize, rice, wheat, potatoes, honey, Medjool dates, dried apricots, raisins, other fruits, vegetables, and nuts. With barriers to cross-border transportation of commodities due to the pandemic, dextrose manufacturers have become dependent on local raw material suppliers, resulting in increasing the bargaining power of suppliers. 

The pandemic breakout has induced worry among consumers and sparked a panic purchasing situation.  Consumer panic buying has escalated as a result of retail outlets' temporary shutdown to stop the virus's spread, which has caused people to stockpile necessities like food. The epidemic has halted the whole value chain, from the acquisition of raw materials through production, packaging, and distribution, as well as the worldwide supply chain. The outbreak has negatively impacted the entire supply chain in the food and beverage industry. Even though there is a huge demand for dextrose-based products worldwide, supermarkets, hypermarkets, and convenience store experienced major shortages of key products. The increased raw material cost of the ingredients and production cost has surged the overall pricing of the dextrose. The increased raw material cost of the ingredients and production cost has surged the overall pricing of the dextrose. These inflated prices caused the final pricing of the end product. However, the pandemic resulted in the panic buying of these necessary food products, which has helped in adverse demand while covid-19 pandemic.

Competitive Landscape

The global dextrose market is fragmented and consists of many organized and unorganized industry players. The key players in the global Dextrose Market are focusing on growth strategies such as innovation in products and developing technologies on a global level to gain a maximum share of the global market. The key players operating in the global Dextrose Market include 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), Foodchem international corporation (China), and Others.

Segmentation

By Type

• Dextrose Anhydrous: Dextrose Anhydrous is also known as anhydrous dextrose, anhydrous corn sugar, and anhydrous sugar. It is a simple carbohydrate that is directly taken into the circulation. It is D-glucose that has been purified and crystallized, and the total solids content is at least 98.0 percent m/m. It has a 100% glycemic index. It is a powder that is white and odorless, less sweet than cane sugar, and only partially soluble in both water and alcohol. In its crystalline form, this natural sugar has been utilized for a very long time as a sweetener and filler for oral dosage forms. Hence, the wide usage of anhydrous dextrose in various applications is expected to positively influence its market growth. For instance, in the food and beverage industry, dextrose anhydrous can be used as a sweetener in baked goods, candies, gums, some ice cream and frozen yogurt, canned meals, cured meats, and other dairy products. In order to lower the calorie content of beverages like energy drinks and low-calorie beer products, dextrose anhydrous can also be employed as a fermentable carbohydrate source. Besides this, in the pharmaceutical industry, dextrose anhydrous can be used for oral consumption, as a nutrient enhancer and treatment for several illnesses. It is utilized in tablets, capsules, and sachets as fillers, diluents, and binders.


• Dextrose Monohydrate: Dextrose monohydrate (also known as D-glucose) is a white, sugar crystalline powder or crystal that is stable, odorless, and colorless. It is 100% pure dextrose, not a mixture with other chemicals, as evidenced by its dextrose equivalency (DE) of 100 in its purest form. 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. For instance, in the food industry, dextrose monohydrate is widely utilized and can help to replace sugar in baked goods, dairy products, canned goods, chewing gum, and preserves. 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.

By Form

• Powder: The presence of key players providing dextrose in powder form which is further used in various applications such as the food and pharmaceutical industry is set to boost its market growth. For example, Cargill Incorporated provides crystalline dextrose of two types of powder either monohydrate or anhydrous. It is a widely used component for medium culture preparations. Furthermore, dextrose powder can be utilized to granulate fermentation products as a carrier. Moreover, the powder form of dextrose is widely used in the food and pharmaceutical industry, for example in areas where a dry product such as a tablet or chocolate product is required. Besides this, the recent government investment in the food industry is likely to provide lucrative opportunities for its segmental growth. For example, the U.S. Department of Agriculture launched "The Build Back Better initiative", which aims to strengthen crucial supply chains by investing more than USD 4 billion.


• Liquid/Syrup: Liquid Dextrose is a nutritious, nutrient-rich, and sweet-tasting carbohydrate syrup. Low ash dematerialized maize syrup with a high dextrose content is known as dextrose corn syrup. These syrups have between 92 and 94% dextrose as a minimum. It is delicious, simple to ferment, and frequently used to replace sugar. Moreover, owing to its high dextrose content, which combines the qualities of high fermentability, sweetness, and low viscosity, it serves as a substrate for fermentation. Moreover, liquid dextrose is wide used in various application such as when patients, athletes, and students are under physical strain during recovery periods as well as a raw material in tableting, as well as in the biochemical production of vitamin C and several antibiotics (penicillin, streptomycin, etc.).


• Crystalline: Crystalline dextrose is usually a crystal form of glucose which is usually produced after hydrolysis of the starch by purification, concentration, and eventually crystallization. Moreover, owing to its various features such as better taste, quality, and low cost it is widely used in confectionary, beverage, biscuit as well as bakery products. In addition, it can also be used as 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.

By Source

• Corn: 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. For example, according to United States Department of Agriculture, sweet corn is the second-largest processing crop after tomatoes in terms of production and value. There are sweet corn farms in all 50 states. Yet, the states that produce the sweet corn overall are Florida, Washington, Georgia, California, New York, and Oregon. Minnesota, Washington, and Wisconsin are the top producers of sweet corn used for processing, which is largely concentrated in the upper Midwest and the Pacific Northwest. The crop of sweet corn in 2021 is expected to be worth more than USD 774 million in total. Of that total, 25% was produced for the processed industry and 75% was generated for the fresh market. The value of the crop produced in 2021 that was sweet corn for processing was USD 193 million.


• Wheat: Wheat is a variety of grass that is grown all over the world. Together with rice and corn, it is one of the top three crops produced worldwide. All together with other staple crops, wheat has been farmed for over 10,000 years and likely evolved in the Fertile Crescent. Moreover, the increased production of wheat particularly in the APAC region is likely to increase a large number of opportunities for the dextrose market in the upcoming years. For instance, according to MRFR analysis, wheat production in the agricultural year 2022–23 will be 112.18 million tonnes, up 4.44 million tonnes from the production in 2021–22. However, the recent policies adopted by government bodies regarding the wheat export ban may serve as a setback for its market growth. For instance, in February 2023, India, the second-largest producer of wheat in the world, is thinking about extending its export ban to restock its state coffers and down domestic prices. Wheat exports are not expected to resume until mid-2024, according to government and industry sources. Top government officials from the food, agricultural, and commerce ministries are likely to vote on an extension by the end of March or early April. The existing embargo was intended to be reviewed in April. With Russia's invasion of Ukraine, exports increased, driving up local wheat prices and forcing India to impose an export restriction in May. Nevertheless, this did not stop domestic prices from rising since a sudden rise in temperatures affected last year's harvest.


• Others: Other segments include rice, potato, cassava, and arrowroot. The presence of key players providing dextrose derived from rice, which is further being incorporated into various applications, is likely to fuel its market in the upcoming years. For instance, Gulshan Polyols Limited uses corn and rice as raw materials and starch hydrolysis produces nutritional saccharide, which is then purified and concentrated to the desired solids to create liquid glucose. The liquid sweet syrup is often odorless, transparent, and yellow in color. It is prepared and stored in a hygienic environment. It serves a variety of purposes, but it is particularly useful when high inverted sugar concentrations are required. Moreover, it is anti-crystalline, has a lower freezing point, and is significantly sweeter than sucrose. In addition, in the food and beverage industry, due to its mild sweetness & nutritional value, liquid glucose is a perfect component for sweets, confectionery, biscuits, ice cream, jams, jellies, preserves, pastries, & liquors.

By Application

• Food: 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. For example, the "Make in India" initiative of the Indian government prioritizes and encourages investment in the food processing industry. To develop the food processing supply chain, the government has also created 134 cold chain projects and 18 mega food parks. These initiatives will probably benefit businesses that process food. Also, the food processing sector is on a strong growth trajectory because of recent government measures, such as the USD 1.35 billion scheme announced by Mrs. Nirmala Sitharaman, the finance minister, to support this industry. Furthermore, in November 2018, the Ministry of Food Processing launched the Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme (PM-FME Scheme) and the GIS One District One Product (ODOP) Digital Map of India, which gives all stakeholders comprehensive information on ODOP products. The ODOP program sought to improve SMEs on a limited number of products (within a district) by providing credit-linked subsidies equal to 35% of the qualified project cost up to a maximum of USD 13.52 thousand.


• Beverages: The wide usage of dextrose in various beverages such as sports drinks, specialty beers, soft drinks, and many more is likely to propel its market growth. For instance, up to three fermentation stages are used to create specialty beers with higher alcohol content. The last fermentation takes place in the bottle with additional yeast. The best sugar is dextrose because it may be used for fermentation right away. Moreover, in soft drinks, dextrose can precisely control the sweetness and flavor balance in soft drinks manufactured from concentrated or pulp fruit depending on the fruits utilized. Moreover, dextrose and high-intensity sweeteners work perfectly together. Dextrose also offers the quickly absorbed carbohydrates needed for prolonged energy and endurance in sports and energy beverages. Additionally, the growing usage of energy drinks in various areas is probably going to promote market expansion.


• Pharmaceutical: In the pharmaceutical industry, dextrose (C6H12O6), sometimes referred to as maize sugar, is a widely used binder. To give powders more cohesiveness and to create the necessary bonding to form a compact tablet mass, binders are added to tablet formulations. When a patient requires more fluids and calories for energy, dextrose may be used as a medicinal product in fluids with different levels of sugar. It might also serve as a delivery system for other injectable medications. There are two stereoisomers of glucose, but only one (D-glucose), which is also known as dextrose monohydrate, is physiologically active (dextrose). Cells cannot carry out the metabolic process known as glycolysis on the mirror image of the molecule, L-glucose.


• Personal Care: According to the U.S. Food and Drug Administration, some of the items that are frequently referred to as "personal care goods" are really considered cosmetics under the law. Skin moisturizers, toothpaste, eye, and facial makeup preparations, lipsticks, nail polishes, moisturizers for the skin, shampoos, permanent waves, hair colors, and deodorants are a few examples. Moreover, the wide application of dextrose in personal care products owing to its various advantages in the creation of cosmetic items such as bath products, cleansers, and cosmetics for the eyes, skin, and hair, dextrose anhydrous can be employed is set to boost its market growth.


• Others: Other segments include textiles and cosmetics. The textile industry uses dextrose monohydrate, particularly in the creation of cotton and woolen yarns. The increasing government support to strengthen the textile sector is set to create huge opportunities for the dextrose market in the upcoming years. For instance, in December 2022, the establishment of seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield and Brownfield locations with an estimated cost of USD 53.69 Billion for a seven-year period ending in 2027–28 has been approved by the government. These parks will make it possible for the textile industry to compete on a worldwide scale, draw significant investment, and increase jobs. In addition, The Production Linked Incentive (PLI) Scheme for Textiles, with an approved outlay of USD 129.05 Billion, has been approved by the government to encourage the production of Man-Made Fibre (MMF) Apparel, MMF Fabrics, and Products of Technical Textiles in the nation, in order to help the textile industry grow to a size and scale that will allow it to compete internationally.

By Region

• North America: The North American region includes major countries such as the US, Canada, and Mexico. 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. For instance, Cargill Incorporated is a privately held multinational food corporation, which offers services and products in the food, agriculture, finance, and industrial sectors. The company offers dextrose within the starches and derivatives subcategory of bio-industrial products. It is a popular component and carrier for the granulation of fermentation products and is available in powder form in either monohydrate or anhydrous form.


• Europe: Europe basically includes France, Germany, Italy, Spain and Portugal, Austria and Switzerland, UK and Ireland, Benelux, Nordics, Central and Eastern Europe, and Southern Europe are all included in the analysis of the European market. Europe continues to hold a significant share in the global dextrose market, owing to the increasing government investment in the pharmaceutical sector. For example, in March 2022, the government announced that it will increase R&D investment by USD 6.03 billion to USD 24.13 billion annually by 2024/25. The government wants to use this cash to help it meet its goal of 2.4% of GDP in total R&D investment by 2027 across all sectors. The goals outlined in the "UK Innovation Strategy" released in July 2021 will be supported by this money. The plan calls for actions to "make Britain a global center for innovation" in all fields of science and technology.


• Asia-Pacific: Asia-Pacific is the most populated region in the world, consisting of some of the major economies, including China, India, Japan, Australia & New Zealand, and others. The increasing demand for 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. For instance, in January 2023, the Center authorized a plan to sell three million tonnes of wheat held by government entities through the open market sale scheme (OMSS) to help control the excessively high prices of wheat in the nation. For the next two months, this sale will be conducted through dealers, state governments, cooperatives, and federations at a discounted rate of 2,350 per quintal. Besides this, the growing expansion policies adopted by key players in order to expand its product portfolio and strengthen their foothold in the Asia-Pacific region are likely to contribute to its segmental growth.


• Latin America: Latin America including Brazil, Argentina, and the Rest of Latin America, will witness moderate growth in the dextrose market in the upcoming years. The growing government investment to strengthen the textile sector in Brazil would eventually open huge opportunities for the dextrose market in the upcoming years as dextrose is used in textile industries for the manufacture of cotton and woolen yarns. As a part of this, in May 2022, the Brazilian government constructed the fashion city in Acari, Rio Grande do Norte. It attempts to integrate local productive arrangements in the Seridó region, famed for its clothes, weaving, and commodity commerce, as part of the National Integration Routes. To support the inclusion and sustainable development of the regions emphasized by the National Strategy for Regional Development, the National Integration Routes initiative maps and finances networks of regional productive clusters linked to important production chains.