Dextrose Market Trends, Top Companies, Share, Growth And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Dextrose Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

Product innovations are a key trend gaining popularity in the dextrose market. Major companies operating in the dextrose market are developing innovative formulations in sugar and starch substitutes to maintain their position in the dextrose market, and businesses are creating cutting-edge products. For instance, in September 2021, Baxter International Inc., the US-based healthcare company, introduced the premix Norepinephrine Bitartrate in 5% Dextrose Injection, which is available in strengths of 4 mg/250 mL and 8 mg/250 mL. Norepinephrine is used to treat individuals with life-threatening hypotension due to certain medical conditions or surgical operations, along with people with acute or urgent hypotension. Baxter's formulation of norepinephrine has a refrigerator shelf life of up to 21 months or a room temperature shelf life of up to 90 days in overwrap. It can be stored in automated dispensing cabinets at the point of care.

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Major Key Players of the Market:

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.

Dextrose Market 2024 Key Insights:

• 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%.
• Processed And Convenience Food Industries Fueling Demand For Dextrose
• Baxter International's Dextrose-Based Norepinephrine Bitartrate Injection Addresses Life-Threatening Hypotension
• North America was the largest region in the dextrose market in 2023

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