Dextrose Market

• Surging Demand For Dextrose From Various End-Use Industries Is Giving An Impetus To Sales

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

Dextrose Market Segment Insigthts

The Global Dextrose Market Industry experiences a notable surge in demand primarily driven by the food and beverage sector. Dextrose serves as a sweetener, thickener, and preservative in various products, including soft drinks, baked goods, and dairy items. As consumer preferences shift towards natural and less processed ingredients, the use of dextrose is likely to expand. In 2024, the market is projected to reach 3.73 USD Billion, reflecting the growing inclination towards healthier food options. This trend suggests that manufacturers are increasingly incorporating dextrose to enhance product appeal and meet consumer expectations.

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 2024 (%)

Source: Secondary Research, Primary Research, Market Research Future 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.