Dextrates Market

Dextrates Market Snapshot

The global dextrates market is expected to project growth at a robust CAGR during the forecast period 2022-2032. Growing patient inclination towards adoption of personalized therapeutics drugs and increasing emphasis on the development of more effective drugs with minimal or no side effects are estimated to create growth prospects in the dextrates market.

Dextrates is a micro-crystalline aggregate that is made of odorless, free-flowing, white, porous, and spherical granules. It is a purified mixture of saccharides obtained from starch by using controlled enzymatic hydrolysis techniques. Dextrates is available in either hydrated (with water) or anhydrous (no water) types.

Demand for dextrates is rapidly increasing owing to its sweet taste, pharmaceutical inactive properties, and cooling sensation in the mouth. It is finding a wide range of applications in the production of oral formulations, gelatin capsules, parenteral formulations, liquid oral medications, and others. Driven by this, the sales of dextrates is estimated to rise at a rapid pace in the global market.

Which are the Lucrative Opportunities Augmenting the Growth in the Global Dextrates Market

The dextrates market is largely dependent on the demand from the pharmaceutical industry, being the primary binder and sweetener used during the production of oral formulation and therapeutic drugs.

Over the past couple of years, the burden of chronic disorders and lifestyle diseases such as cancer, diabetes, high blood pressure, obesity, and others have witnessed a substantial rise across the world, creating massive demand for tablets, pills, capsules, tonics, and other oral formulations. As dextrates are increasingly used during the preparation of pharmaceuticals products, such as antacids, owing to its non-irritant and non-toxic properties, growing consumption of aforementioned products is estimated to create high revenue generation opportunities in the global market.

What are the Prominent Challenges Repressing the Dextrates Market Growth

Growing awareness regarding the side effects associated with the excessive consumption of dextrates such as high blood sugar, dry throat, rapid breathing, diarrhea, dental decay, and mirror skin & eye irritation among others hampering the sales of dextrates in the global market.

In addition, high cost and increasing availability of various binder alternatives are further hindering the dextrates demand in the market.

Why is North America Garnering Maximum Share in the Global Dextrates Market

North America is projected to emerge as the most lucrative market for dextrates during the forecast period 2022-2032, as per the FMI’s latest study.

Dextrates is generally recognized as safe (GRAS) listed as per the regulatory organizations, such as the Food & Drug Administration (FDA), inactive ingredient guide. Favored by this, it is extensively used in the production of oral drugs, thereby creating strong demand for dextrates.

Hence, key companies in the market are aiming at expanding their production capacity to address the growing demand. For instance, JRS Pharma recently announced constructing its new manufacturing facility in Cedar Rapids, Iowa, the U.S. to expand its production of dextrates products. Such developments are estimated to augment the growth in the North America market.

Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Why are Sales of Dextrates Increasing at a Rapid Pace in the South Asia Market

As per Future Market Insights, South Asia is expected to exhibit robust growth in the global dextrates market between 2022 and 2032.

Growing customer inclination towards the adoption of a healthy lifestyle has resulted in the rising consumption of dietary supplements across South Asia, which is in turn, favoring the growth in the market.

Also, dextrates is increasingly being used for the preparation of soluble and chewable tablets, on account of its flavor carrying capacity, high water-solubility, desired flow, and smooth mouthfeel. Hence, surging demand for these tablets across the countries such as India, Bangladesh, Pakistan, and others is estimated to bolster the growth in the South Asia market.

Market Competition

Some of the leading players in the dextrates market profiled by FMI are Paulaur Corporation, Spectrum Chemical Manufacturing Corp., UPI (UNIVERSAL PRESERVACHEM INC.), JRS Pharma, Roquette, The Press Club Nutrition Ltd., Colorcon, Quadra Chemicals Ltd., and others.

Prominent players in the global market are aiming at launching capacity expansion and adopting partnership, collaboration, and merger strategies to strengthen their footprint in the highly competitive market.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Sign-Up

Report Scope

Key Segments Profiled in the Dextrates Market Survey

By Content:

• Anhydrous
• Hydrous

By Product Type:

• Regular
• Genetically Modified Organisms (GMO)-free

By Application:

• Oral Formulations
• Capsules
• Soft Gelatin Capsules
• Hard Gelatin Capsules
• Liquid Formulations
• Tablets
• Parenteral Formulations

By End Use:

• Pharmacy
• Veterinary
• Ingestible Tablets
• Effervescent Tablets
• Dispersible Tablets
• Chewable Tablets
• Soluble Tablets

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa