The dextrose market size 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 2027Dextrose are majorly used in food & beverage, pharmaceutical, personal care, paper & pulp, and various other industrial applications. However, increased demand for sweeteners and sugar substitutes in North America and Asia Pacific is expected to boost the growth of the dextrose. This, in turn, is expected to further strengthen the demand for dextrose for food & beverage application in these regions during the forecast period.

Dextrose Market Opportunities: 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 agricultural sources 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 have already been addressed. Although it has been on the market for some time and has been extensively introduced into the industry, its full potential is yet to be tapped. Some of the other untapped sources of dextrose are rice, yams, 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-blooming gluten-free food market

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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 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.

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 could potentially create 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.

Top Companies in the Dextrose Market

• Cargill Incorporated (US)
• ADM (US)
• Ingredion (US)
• Agrana (Austria)
• Tate & Lyle (UK)
• Roquette Frères (France)
• Avebe Group (The Netherlands)
• Tereos (France)
• Fooding Group Limited (China)
• Now Foods (US)

Cargill Incorporated is engaged in the manufacturing and marketing food, agricultural, financial, and industrial products, and services. The company operates through the following business segments: Agriculture, Animal Nutrition, Beauty, Bioindustries, Foodservice, Food & Beverage, Industrial, Pharmaceutical, Meat & Poultry, Risk Management, Supplements, and Transportation. Dextrose is offered under the bioindustries segment. The company operates in around 70 countries. It has an additional sales presence in nearly 125 countries across North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. Some of the subsidiaries of the company include Cargill Meat Solutions (US), Cargill Enterprises Inc. (Russia), Cargill Asia Pacific Holdings Pte Limited (Singapore), Cargill RSA (Pty) Limited (South Africa), Cargill España SA (Spain), Cargill Nordic A/S (Sweden), Provimi (Netherlands), and NatureWorks (US).

Ingredion is one of the global ingredient solution providers for industries such as food, beverage, animal nutrition, brewing, and other commodities such as beauty & homecare, paper & corrugation, and biomaterials. The ingredients category offered by the company includes encapsulants and emulsifiers, extracts, fibers, fruits & vegetable ingredient products, functional native starch, modified starch, flours, gums and hydrocolloids, nutritive sweeteners, nonnutritive sweeteners, plant protein ingredients, and starches. The company transforms corn, tapioca, potatoes, plant-based stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company’s business segments include food, beverages, animal nutrition, brewing, and others. Dextrose products are offered under the food, beverage, and animal nutrition segment. The company sells its products in over 120 countries in North America, South America, Asia Pacific, Europe, and the Middle East. Some of its major subsidiaries are National Starch Food Innovation (US), Pure Circle Limited (UK), Verdient Foods, Inc (Canada), and Penford Corporation (US).

Tate & Lyle is engaged in the manufacturing and marketing of food and industrial ingredients. The company operates through three business segments: food & beverage solutions, sucralose, and primary products. Dextrose is offered through its primary products business segment. It serves a broad range of applications in food & packages, feed, industrials, and pharmaceuticals & personal care. Its products include stabilizing systems, sucralose, alcohol, citric acid, and high fructose corn syrup. The company produces specialty food ingredients that comprise sucralose, starch-based specialty ingredients, and custom blends (food systems). Bulk ingredients include sweeteners, industrial starches, acidulants, ethanol, and co-products. The products of the company are used in various industries, namely, food, beverages, pharmaceuticals, cosmetics, paper, packaging, and feed.

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Dextrose Market Segmentation:

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 its 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)