Global  Dextrose Market By Form (Syrup and Solid), By Application (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care Products, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the global dextrose Market was valued at USD 5.4 billion and is expected to reach USD 9.6 billion in 2032. This market is estimated to register the highest CAGR of 6.1 % between 2023 and 2032. Dextrose is a d-isomer of glucose and a type of simple sugar that is obtained from corn. Application of Dextrose is widely used in applications such as Food and Beverage.

The application of Dextrose in the food and beverage industry is as a sweetener, emulsifier, thickening agent, and binder, which is the key factor that is driving the growth of the market. Also, the use of Dextrose in alcoholic beverages, such as specialty beers and low-calorie beer, is the main factor in the growth of the dextrose application in the food and beverages industry.

Apart from the food & beverages industry, there is a wide application of Dextrose across the pharmaceuticals and personal care industry. Dextrose is used as a binder in the pharmaceutical industry to impart cohesiveness to powder. In syrups containing different amounts of sugar, Dextrose is added in tablet formulation. Thus, with the advancement in technology and the growing pharma industry, the growth of the dextrose market can be seen.

Key Takeaways

• Market Size and Growth: The Dextrose Market was valued at USD 5.4 billion in 2022 and is expected to reach USD 9.6 billion by 2032, with a projected Compound Annual Growth Rate (CAGR) of 6.1% between 2023 and 2032.
• Dextrose Overview: Dextrose is a type of simple sugar (d-glucose) obtained from corn and is widely used in various applications, primarily in the Food and Beverage industry.
• Applications in Food & Beverage: Dextrose is utilized in the food and beverage sector as a sweetener, emulsifier, thickening agent, and binder, which drives its market growth. It is particularly important in alcoholic beverages like specialty beers and low-calorie beer.
• Expansion into Pharmaceuticals: Dextrose finds applications in the pharmaceutical industry as a binder in tablet formulations, contributing to its growth, especially with the advancement in technology and the growing pharmaceutical industry.
• Driving Factors: The rise in demand for Dextrose in the food and beverage industry, as well as the pharmaceutical sector and the increasing consumption of healthy packaged food, are driving market growth.
• Restraining Factors: The increased demand for alternative products such as gums (e.g., gum arabic, xantham gum) and potential side effects of excess Dextrose consumption, like weight gain, high cholesterol, and type 2 diabetes, hinder market growth.
• Market Segmentation: The syrup form of Dextrose dominates the market, mainly due to its use in the food and beverage industry. In terms of applications, Food and Beverages lead the market due to its wide range of uses, including confectionery, bakery, dairy, dressing, soup, and sauces.
• Growth Opportunities: The increasing demand for convenience food and sports nutrition products presents significant opportunities for market growth. Dextrose is used in nutrition products in the sports industry and for treating health issues in the pharmaceutical sector.
• Latest Trends: There is a growing demand for low-calorie sweeteners as an alternative to traditional sugar, which boosts the Dextrose market. Additionally, clean-label products with fewer additives are in demand, making Dextrose a favorable ingredient in such products.
• Regional Dominance: The Asia-Pacific (APAC) region leads the market, driven by a large customer base, major economies, and a growing food and beverage industry. The Middle East and Africa (MEA) region is also expanding significantly, thanks to the tourism industry.
• Key Players: The market is fragmented with several key players investing heavily in research and development. Some prominent players include Agrana Beteiligungs-AG, ADM, AVEBE, Cargill, Incorporated, and others.

Driving Factors

The Rise in the Demand for Dextrose in the Food and beverages, Pharmaceutical Sector, and Healthy Packaged Food is Driving Market Growth

The rise in the food and beverages industry is the factor that is propelling market growth. Dextrose is widely used as a sweetener in the food and beverages industry. The rise in the demand for cold drinks is resulting in the rise of the demand for sweeteners. The demand for soft drinks is increasing in emerging economies. Due to this, the rise of the demand for Dextrose is seen in the regions, which will drive the market growth globally.

The rise in the pharmaceutical industry is also a factor in market growth. The major key players are offering medicines that have Dextrose, which has the ability to cure several health-related issues and is expected to drive the dextrose market growth. The rise in the demand for packaged food and the consumption of healthy food is the two major trend which is anticipated to boost the growth of the market.

Restraining Factors

The Rise in the Demand for Gum is the Factor to Hinder the Market Growth

The increase in the demand for gums such as gum arabic, xantham gum, and locust gum instead of starch-derived products is restraining the growth of the market. With the rise in the use and demand of gum, the demand for starch derivatives is reducing in the food & beverage industries.

The side effect of the excess consumption of Dextrose, such as weight gain, high cholesterol, and type 2 Diabetes, is also a factor that will hinder the market growth globally.

By Form Analysis

The Syrup Segment Dominates the Growth of the Market.

The syrup segment holds the largest market share and is anticipated to dominate during the forecast period. The syrup is basically liquid glucose commonly derived from corn and different cereals such as rice, wheat, barley, potato, and cassava.

It is available in the colorless form and has the majority of applications in the foods and beverages industry. The rise in awareness about the health benefits and advanced products is the factor that is driving the market segment.

By Application Analysis

The Food And Beverages Segment Dominates the Growth of the Market Due to the Applications of Dextrose in Bakery, Dairy, etc.

The food and beverages segment dominated the market in 2022. The segment is anticipated to hold the largest market share during the forecast period. The segment’s growth has been observed by the wide range of applications, including confectionery, bakery, dairy, dressing, soup, and sauces, which is contributing to driving the market’s growth during the forecast period.

The rapid growth of the food and beverages industry globally is due to the rise in the research and development activities by the major key players, which can help expand their portfolio and innovate new products, which is the factor propelling the market growth.

Key Market Segments

Based on Form

• Syrup
• Solid

Based on Application

• Food & Beverage
• Confectionery
• Bakery
• Dairy
• Beverages
• Condiments & Dressings
• Pharmaceuticals
• Cosmetics & Personal Care Products
• Other Applications

Growing Opportunities

The Rise in the Demand for Convenience Food and Sports Nutrition is a Major Opportunity

The rise in the demand for convenience food is driving the opportunities for the market. As the majority of the applications of Dextrose is in foods and beverages, it creates more opportunity for the market players. With the rise in health awareness and fitness trends, the sports nutrition market is growing as Dextrose is used in nutrition products, which is one of the major opportunities for the growth of the market.

The use of Dextrose in the pharmaceutical industry, which can treat dehydration, low blood sugar, and shock, is the factor that is creating many opportunities for the growth of the major key player.

Latest Trends

The Rising Demand for Low-Calorie Sweeteners and the rising Demand for Clean Lable Products is the Major Trend

Consumers are seeking an alternative to traditional sugar, which is increasing the demand for low-calorie sweeteners. As Dextrose is used as a product of low-calorie sweeteners, the growth of the dextrose market can be seen. The demand for clean-label products with fewer additives is increasing, which results in the addition of Dextrose in products that are low in calories and which can be a good alternative to traditional sugar.

Regional Analysis

Apac Region Dominates the Growth of the Market.

APAC region dominates the market’s growth and is anticipated to continue its dominance during the forecast period. The presence of a huge customer base is a factor in the growth of the market in the region.

The demand of the market is boosted due to the presence of major economies, which are major revenue contributors, which resulted in the rise of food and beverage products. The MEA region is expanding significantly during the forecast period. The rise in the tourism industry in the region will increase the demand for the food and beverages industry, which will result in the growth of the dextrose market.

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

Due to the presence of several key players, the market is fragmented and is anticipated to witness competition in the market. Companies are heavily investing in research and development activities for the innovation of technologies in the dextrose market. Some of the key players are focusing on partnership and collaboration with other competitors to gain a strong market position, which can make the competitive landscape more versatile and dynamic with the expansion of the market.

Key Players Dextrose Market

• Agrana Beteiligungs-AG
• ADM
• AVEBE
• Cargill, Incorporated
• Global Sweeteners Holdings Ltd
• Grain Processing Corporation
• Gulshan Polyols Ltd.
• Feitian 9
• Ingredion
• com AG
• Other Key Players

Recent Developments

• The Avebe Group collaborated with Solynta, which is a hybrid potato breeding company, in April 2021. The collaboration was done for the breeding of starch potato varieties. The production rate and the rise in revenue are the main factors that will be offered by this collaboration.
• The launch of Dupont Nutrition and Biosciences was launched by International Flavors and Fragrances in February 2021 to expand the market and boost the client base.

Report Scope