Dextrose Market by Type (Anhydrous, Monohydrate), Form (Solid, and Liquid), Application (Food & Beverages, Pharmaceuticals, Personal Care Products, Paper & Pulp Products, Agricultural Products), Functionality and Region - Global Forecast to 2027
The Dextrose market is estimated at USD 5.9 billion in 2022; it is projected to grow at a CAGR of 7.8%.to reach USD 8.6 billion by 2027. Increased consumption of healthy foods and increased demand for ready-to-eat meals are driving market demand. Continuous growth in demand for low-calorie food products, expanded antacid suspension manufacturing in the pharmaceutical industry, and rising demand from the personal care industries are expected to boost the global market.
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Dextrose Market Dynamics
Driver: Increasing usage of dextrose in functional beverages and health drinks
The growth of the beverage industry is mainly attributed to the rising health awareness regarding healthy lifestyles and diets. In addition, companies are focusing more on energy drinks that improve immunity to fight the deadly virus. Furthermore, according to a news article published by Outlook India in July 2020, the demand for energy drinks increased as they would act as immune boosters to fight COVID-19. According to a report from the Beverage Industry (Magazine) 2022, as the carbonated soft drink (CSD) market experiences rising customer demand for functional beverages, CSD production is likely to increase by continuing to develop new products with healthier ingredients and new flavor innovations. According to Varun Beverages’ 2018 annual report, India’s soft drink consumption is comparatively low at 44 bottles per capita, compared to matured countries like the US (1,496 bottles), Mexico (1,489 bottles), and Germany (1,221 bottles), as well as developing markets like Brazil (537 bottles). According to a report from Tridge 2022, soft drink prices in the US have skyrocketed in the last three years due to high production costs. Despite the price increase, the demand for soft drinks in the US remains strong. The fact that only two main players are responsible for the majority of the products on the market does not help either. As a result, consumer elasticities are performing better than expected, with sales increasing despite rising costs. Sparkling soft drinks increased by 8% in Q3 2022, while Coke and Coke Zero increased by 7% and 12%, respectively. The growth of the beverage industry has favorably influenced the growth of the dextrose market. Dextrose syrup is used as a sweetener in aerated and non-aerated drinks; it provides taste, texture, and required energy for the human body.
Restraint: Growth in demand for gums as alternative to dextrose
Gums pose a threat to starch derivatives such as dextrose in various food & beverage segments, where they are utilized to prevent sugar crystallization as well. The increase in preference for gums may restrain the usage of starch derivatives in the food segment. Along with taste, texture, and stability, gums provide functional benefits to food & beverage products. The demand for natural gums, such as acacia gums, is increasing significantly as it is considered 100% natural and GMO-free and can replace sugar with the same texture and binding properties, which have the potential to influence health-conscious consumers to opt for this product. Natural gums or hydrocolloids are polysaccharides that contain numerous hydroxyl groups and can increase the viscosity of a solution. Natural gums have numerous advantages over synthetic polymers, including the fact that they are biodegradable, non-toxic, economical, and readily available in the environment. They are used as thickening agents, clarifying agents, gelling agents, emulsifying agents, and stabilizers, among other applications. The majority of natural gums are derived from plant woody elements, seed coatings, and seaweed. In 2020, Alland & Robert, a French acacia gum major, announced plans to invest USD 12.54 million at its Normandy plant to increase the capacity by around 9,000 tons per year, bringing total annual production to close to 30,000 tons.
Opportunity: Potential alternative sources of dextrose
Corn and wheat have been the major sources of starch for various food and industrial applications. Initially, the abundant supply of these agriculturally has negated the requirement to develop any alternate sources. However, the US ethanol policy and the growing demand for wheat as a raw material for biofuel generation in European countries have indirectly posed problems for the dextrose market. The availability of corn primarily exported by the US, and wheat, Europe’s prime starch commodity, is expected to decrease owing to the ethanol policies in these regions. This, coupled with the increasing demand for dextrose across various sectors, necessitates the need to tap other sources of starch.
Cassava is one of the sources which has already been addressed. Although it has been in the market for some time and has been extensively introduced into the industry, the full potential is yet to be tapped. Some of the other untapped sources of dextrose are rice, yam, and tubers, which are abundantly found in Asia, Africa, South America, and Oceania. Bean starch is an example of an untapped source for food applications, which needs focus and presents an opportunity for innovation in the dextrose industry. Bean starch, if modified, may help improve the quality of fresh, gluten-free bread. It has been known to boost its elasticity, potentially offering better texture in the final loaf. Such findings could lead to enhanced products for the already blossoming gluten-free food market
Challenge: Alternative uses of corn in ethanol industry
Corn is one of the major sources for producing dextrose. The kernel of corn is made up of four main components: starch, fiber, oil, and protein, processed in different ways to be used in all kinds of products. Corn has alternative uses and is used in multiple industries other than starch, creating a major challenge for the dextrose manufacturers. From the total corn production, a major percentage of it is used for ethanol production. According to the data of the USDA, in 2019, the total corn production was 13.66 billion bushels, and 5.38 billion bushels of corn were used for ethanol production. The Crop Production report 2022 issued by USDA’s National Agricultural Statistics Service (NASS) forecasted corn production went down from 2021. Corn production is down 5% from 2021, forecast at 14.4 billion bushels. Average corn yield is forecast at 175.4 bushels per acre, down 1.6 bushels from 2021. The other major alternative use of corn is in the feed industry.
The anhydrous type dominated the dextrose market and is projected to have the fastest market growth during the forecast period.
Dextrose anhydrous demand is expanding globally due to its long shelf-life and sweet taste. It is often produced in crystalline form, making it simple to use, store, and transport. Dextrose anhydrous can be utilized as a fermentable carbohydrate source to reduce calories in beverages such as energy drinks and low-calorie beer products. Also can be found in cosmetic products such as bath products, cleansing products, eye make-up, skin care products, make-up, and hair care products. Because of its numerous applications, the dextrose anhydrous market is likely to grow in popularity among consumers and industries.
The food & beverage segment by application is estimated to account for the largest market share in the global Dextrose market.
Dextrose is extensively used in confectionery, marmalade, and jellies because it improves the aroma and flavor of the fruit. Dextrose is also used in confectionery to enhance (fruity) flavors, provide a little cooling effect, and balance sweetness. Dextrose is utilized in the bakery industry because yeast reacts faster on dextrose than on sucrose. Confectionery manufacturers worldwide are using dextrose as an alternative to sucrose. Because of these additional benefits, dextrose has actively opened a large growth opportunity in the food and beverage sectors. The growth of the dextrose market is proportionally dependent on the growth of the convenience food industry. The demand for dextrose is anticipated to increase in the Asia Pacific region, owing to its growing application in convenience foods, in countries such as China, India, and Japan.
The solid form of the by dextrose is projected to attain the fastest market growth in Dextrose market over the forecast period.
Because of its ease of storage and transportation, the solid form of dextrose is expected to have the largest market share. One of the key factors driving demand for the solid form of dextrose is growing awareness of syrup storage and handling issues.
Asia Pacific is projected to account for the largest share in the Dextrose market during the forecast period.
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The food industry in the Asia Pacific region is huge, and it is thus an important component of the region’s economic development prospects. The continued growth of cities potentially creates more demand for food products. Dextrose has multiple functionalities, such as sweetener, source of energy, filler, binder, thickener, preservative, and more, thus creating more demand for dextrose. In the Asia Pacific region, China is the leading market for dextrose due to its large consumer base and the rising income levels of consumers. The food habits of consumers are changing with the rapid urbanization in the country.
Key Market Players
The key players in this include Cargill Incorporated (US), ADM (US), Ingredion (US), Agrana (Austria), Tate & Lyle (UK), Roquette Frères (France), Avebe Group (The Netherlands), Tereos (France), Gulshan Polyols Ltd (India), Belgosuc NV (Belgium), Fooding Group Limited (China), Foodchem International Corporation (China), Grain Processing Corporation (US), Uniglad Ingredients UK Ltd (UK), Now Foods (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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Report Metric |
Details |
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Market size estimation |
2022–2027 |
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Base year considered |
2021 |
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Forecast period considered |
2022–2027 |
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Units considered |
Value (USD) |
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Segments covered |
By type, By form, By functionality, By Application, and Region |
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Regions covered |
North America, Europe, Asia Pacific, South America, and RoW |
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Companies studied |
Cargill Incorporated (US), ADM (US), Ingredion Incorporated (US), Agrana (Austria), Tate & Lyle (UK) |
This research report categorizes the Dextrose market based on type, application, form, functionality and region.
Based on type, the market has been segmented as follows:
- Anhydrous
- Monohydrate
Based on form, the market has been segmented as follows:
- Solid
- Syrup
Based on the functionality, the market has been segmented as follows:
- Sweetener
- Preservative
- Anti-caking agent
- Humectant
- Filler / binder
- Others
Based on the application, the market has been segmented as follows:
- Food & Beverage
- Pharmaceuticals
- Personal care products
- Paper & pulp products
- Others
Based on the region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- South America
- RoW (the Middle East & Africa)
Recent Developments
- In April 2021, Avebe Group (Netherlands) collaborates with the hybrid potato breeding company Solynta (Netherlands) on the hybrid breeding of starch potato varieties. In comparison to conventional breeding, hybrid breeding enables faster development of new sustainable potato varieties. This collaboration will allow the company to increase production, and potentially increase revenue.
- In September 2021, Cargill inaugurated a corn wet mill in Pandaan to meet the growing customer needs in starches, sweeteners, and feed markets in Asia and Indonesia. The new facility, which cost USD 100 million, is expected to help grow the country’s food & beverage industry while also strengthening the local economy. The facility can support the supply chain for more than 40 countries in Asia and Africa, such as Japan, the Philippines, India, South Africa, Australia, Vietnam, and Egypt.
- In April 2020, Cargill is slated to expand the nutrient research and development capabilities of its Global Animal Nutrition Innovation Center to serve the agriculture and food industry customers. This center can host more than 2,000 visitors a year. In addition, new viewing corridors will allow visitors to view the animal R&D facilities conveniently. This center can potentially engage customers with Cargill.
- In July 2017, Agrana doubled the production capacity of the wheat starch factory in Pischelsdorf, Lower Austria. The invested amount was EUR 99.3 million. The construction started in 2018 and will be commissioned in 2020. The doubling of the wheat starch production capacity represents an important step for the company in terms of sustainably consolidating its position in the starch market. The expansion of its annual processing capacity will be from 820,000 tonnes at present to over one million tonnes. This will also help Agrana stand strong in the dextrose market and meet the rising demand for dextrose from various industries in the region.
Frequently Asked Questions (FAQ):
Who are some of the key players operating in the Dextrose market and how intense is the competition?
The key players in this include Cargill Incorporated (US), ADM (US), Ingredion (US), Agrana (Austria), Tate & Lyle (UK), Roquette Frères (France), Avebe Group (The Netherlands), Tereos (France), Gulshan Polyols Ltd (India), Belgosuc NV (Belgium), Fooding Group Limited (China), Foodchem International Corporation (China), Grain Processing Corporation (US), Uniglad Ingredients UK Ltd (UK), Now Foods (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
What kind of stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
The key stakeholders to Dextrose market would be
- Dextrose manufacturers and processors
- Intermediate suppliers such as traders and distributors of dextrose
- Manufacturers of food & beverage ingredients, processed food manufacturers, and livestock feed manufacturers
- Other manufacturing industries such as personal care, pharmaceutical, and papermaking
- Government and research organizations
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Associations, regulatory bodies, and other industry-related bodies:
- Starch Europe
- The Food and Agriculture Organization (FAO)
- Food and Drug Administration (FDA)
- US Department of Agriculture (USDA)
- European Food Safety Agency (EFSA)
- Agriculture and Agri-Food Canada
- National Corn Grower Association - World of Corn
- The International Food Additives Council (IFAC)
- Food Processing Suppliers Association (FPSA)
- Food and Drug Administration (FDA)
What are the potential challenges to the Dextrose market?
Corn is one of the major sources for producing dextrose. The kernel of corn is made up of four main components: starch, fiber, oil, and protein, processed in different ways to be used in all kinds of products. Corn has alternative uses and is used in multiple industries other than starch, creating a major challenge for the dextrose manufacturers.
What are the key market trends in the Dextrose market?
Ready-to-eat/Heat-and-eat/Ready-to-cook foods: These products are easy to cook and save preparation time. With the increasing number of working women in developed and developing countries, the demand for products that are easy and quick to prepare while being tasty, fresh, and nutritious at the same time, continues to grow. Dextrose are used in a range of ready-meal products to add a characteristic sweetness.
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The study involved four major steps in estimating the size of the Dextrose market. Exhaustive secondary research was done to collect information on the market, as well as the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles from recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.
Secondary research was mainly conducted to obtain critical information about the industry’s supply chain, the total pool of key players, market classification & segmentation according to the industry trends to the bottom-most level, and geographical markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The market comprises several stakeholders in the supply chain, which include raw material suppliers, technology suppliers, and dextrose manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the supply side include dextrose manufacturers. The primary sources from the demand side include distributors, importers, exporters, and end consumers.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the dextrose market. These approaches have also been used extensively to determine the size of the various sub-segments in the market. The research methodology used to estimate the market size includes the following details:
- The key players in the industry and market have been identified through extensive secondary research.
- The dextrose value chain and market size in terms of value and volume have been determined through primary and secondary research.
- All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All macro-economic and micro-economic factors affecting the growth of the dextrose market were considered while estimating the market size.
- All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Global Dextrose Market Size: Bottom-Up Approach
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Global Dextrose Market Size: Top-down Approach
Data Triangulation
After arriving at the overall market size from the market estimation process explained above, the total market was split into several segments and subsegments. To complete the overall dextrose market sizing and arrive at the exact statistics for all segments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size was validated using top-down and bottom-up approaches.
Report Objectives
Market Intelligence
- Determining and projecting the size of the dextrose market based on type, form, functionality, application, and region ranging from 2022 to 2027
- Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
- Analyzing the demand-side factors based on the following:
- Impact of macro- and micro-economic factors on the market
- Shifts in demand patterns across different subsegments and regions.
- Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
Competitive Intelligence
- Identifying and profiling the key market players in the dextrose market
- Providing a comparative analysis of the market leaders based on the following:
- Product offerings
- Business strategies
- Strengths and weaknesses
- Key financials
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions.
- Analyzing the supply chain and regulatory frameworks across regions and their impact on prominent market players
- Providing insights into the key investments in product innovations and technology in the dextrose market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific needs.
The following customization options are available for the report:
Product Analysis:
- Product Matrix, which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakdown of the Rest of European market for dextrose into Poland and Ukraine.
- Further breakdown of the Rest of Asia Pacific market for dextrose into India, Vietnam, Malaysia, Indonesia, and Thailand.
- Further breakdown of the Rest of South American market for dextrose into Colombia, Paraguay, Uruguay, and Chile.
Company Information
- Detailed analyses and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Dextrose Market