According to a recent report by Future Market Insights, by 2023, the global dextrose monohydrate market is anticipated to be worth USD 498 million. By 2033, it is expected to hit USD 708.7 million, starting to grow at a valuation CAGR of 4.0%. Dextrose monohydrate sales are likely to account for a part of the global food processing market demand in 2023.
Due to its health advantages, dextrose monohydrate demand is anticipated to soar during the forecast period. Its application in the food and beverage industry is expected to be expanded by its use as sweeteners, binders, emulsifiers, and thickeners.
Increased consumption of nutritious foods and a growth in the demand for prepared meals accelerate demand. The pharmaceutical industry's expanded production of antacid suspension, the personal care sectors' rising need, and the ongoing development of consumer demand for low-calorie food products are all expected to surge the global dextrose monohydrate market ahead.
Top Influencing Elements
Dextrose Monohydrate Industry (From 2018 to 2022):
Attribute | Details |
---|---|
Market HCAGR (From 2018 to 2022) | 1.90% |
Market Size - 2018 | USD 443.4 million |
Market Size - 2022 | USD 478.86 million |
Dextrose Monohydrate Industry (From 2023 to 2033):
Attribute | Details |
---|---|
Market CAGR (From 2023 to 2033) | 4% |
Market Size - 2023 | USD 498 million |
Market Size - 2033 | USD 708.7 million |
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Since chemical preservatives fall short of what modern consumers expect, dextrose made from natural ingredients is crucial to preservation. Dextrose helps many food products stay safe longer while also preserving food. Many food products have a longer shelf life because sucrose hydrolyzes while maltose does not.
As more people develop diseases and become intolerant to artificial sweeteners, there is an increase in consumer preference for sugar substitutes, which is advantageous for sweeteners like dextrose monohydrate boosting the demand for dextrose monohydrate along with the sales of dextrose monohydrate.
Sugar that occurs naturally and is derived from corn starch is dextrose. Dextrose monohydrate may be used more frequently in a wide range of food products due to the growing demand for ingredients made from natural sources escalating the market growth for dextrose monohydrate.
Companies operating in the food and beverages sector are trying to align their products with consumer preferences. The demand for food-grade dextrose monohydrates is expected to increase in the coming years owing to changing consumer’s food habits.
The focus is on launching food products with a perfect blend of taste and nutrition. This would result in the growing demand for food-grade dextrose monohydrate over the forecast period escalating the market growth for dextrose monohydrate.
Confectionery sales of dextrose monohydrates are rapidly expanding in developing nations due to rising consumer food spending and a desire for indulgence. Gourmet cuisine is becoming increasingly popular as countries like India, China, and Brazil adopt Western culture more and more.
As the prevalence of diabetes and obesity increases in these developing nations, food producers are pressured to use healthy sweeteners like dextrose monohydrate in their confectionary products to attract customers.
The confectionery industry is expanding quickly as disposable income increases in these developing nations, while the sugar substitute industry is still in its initial stages of development. This is anticipated to offer lucrative opportunities for suppliers of dextrose monohydrate to tap into untapped markets and increase their global dextrose monohydrate market presence.
Dextrose, a monosaccharide, and a simple carbohydrate, stimulates muscle cells during exercise and recovery by being quickly absorbed by cellular membranes. Dextrose is easily absorbed, so athletes use it to gain muscle. Athletes who are lifting weights frequently consume it.
Dextrose monohydrate contains carbohydrates that give muscle fibers almost instant energy, boosting dextrose monohydrate adoption. When the energy from exercise is depleted, dextrose replaces the glycogen stored in muscles and speeds up muscle recovery, which helps in growth.
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High Adoption of Artificial Sweeteners Limiting Sales Growth of Dextrose Monohydrate
Overconsumption of dextrose has been associated with obesity and disruption of body fat regulation. Additionally, it has been connected to a decline in liver performance and increased uric acid levels in the body. Dextrose monohydrate may harm health, including increased risk of certain cardiac diseases, weight gain, and blood sugar problems.
Demand for dextrose monohydrate and market growth for dextrose monohydrate is expected to be hampered by rules and regulations governing the production of dextrose and its derivatives due to the predetermined amount of dextrose monohydrate used in consumable foods.
Artificial sweeteners produced synthetically and aid in maintaining low blood sugar levels while readily available are being increasingly researched by manufacturers as sugar alternatives due to the demand for low-calorie food products. Artificial sweeteners are being used in a wide variety of processed foods, including candy, jams, and powdered drink mixes, which is assisting in the growth of their dextrose monohydrate market share.
A few FDA-approved artificial sweeteners that have become popular in the food and beverage industry are aspartame, sodium benzoate, and saccharin. These substances can maintain flavor.
Due to increased demand from dextrose monohydrate business manufacturers, aspartame is growing in popularity as a tabletop sweetener. Since it is significantly sweeter than sugar, producers can use less, saving money.
The dextrose monohydrate industry is anticipated to experience slow growth due to rising artificial sweetener use.
The global dextrose monohydrate market is predicted to be dominated by North America. Consumers in the area display a high awareness of health and wellness. The North American dextrose monohydrate market is expanding due to this, one of the major driving forces.
The region's consumers are more powerful, contributing to the high demand for bakeries and confectioneries there. When both of these factors are present, the dextrose monohydrate industry in North America is more likely to grow.
The dextrose monohydrate business in Europe may also grow due to a higher standard of living, consumer willingness to pay more for luxury goods, and consumer demand for healthier food and beverage ingredients.
Attributes | Details |
---|---|
United States Market Share - 2023 | 21.7% |
Japan Market Share - 2023 | 2.3% |
Australia Market Share - 2023 | 2.9% |
Germany Market Share - 2023 | 4.1% |
The surge in demand for packaged food and beverage products, which are convenient to use, is a key factor in the market growth of dextrose monohydrate in the United States. Sales of dextrose monohydrate are currently valued at USD 1.78 billion in the United States, and by the end of 2033, they are anticipated to reach USD 2.4 billion.
The United States is expected to dominate the global dextrose monohydrate industry. Consumers in the region are highly aware of health and wellness. This is one of the key factors accelerating the market growth of dextrose monohydrate in the United States.
Due to the higher purchasing power of British consumers, there is a high demand for bakeries and confectioneries. These two elements working together favor the growth of the dextrose monohydrate market in the United Kingdom.
The country's dextrose monohydrate market may be driven by a higher standard of living, a willingness to spend more on high-end goods, and a demand for healthier ingredients in food and beverages.
The market growth of dextrose monohydrate is driven by an increase in research and development activities by major players in the Brazilian dextrose monohydrate industry in the alternative sweeteners market.
Brazil's dextrose monohydrate market, which currently dominates Latin America, is expected to reach a valuation of USD 517 million by the end of 2033.
Attributes | Details |
---|---|
China Market CAGR (From 2023 to 2033) | 4.2% |
India Market CAGR (From 2023 to 2033) | 5.3% |
United Kingdom Market CAGR (From 2023 to 2033) | 5% |
Category | Grade |
---|---|
Leading Segment | Food Grade |
Market Share | 74.50% |
Category | Application |
---|---|
Leading Segment | Bakery & Confectionary |
Market Share | 53.60% |
Depending on the application, bakeries, and beverages account for more than 50% of the market. Sugar substitutes are being used more and more by manufacturers as consumers demand low- or no-sugar products. Dextrose monohydrate for beverages is expected to have a market value of USD 1.15 billion in 2023 and grow at a CAGR of 3.8% through 2033.
Dextrose monohydrate is becoming more popular in confectioneries. It is widely used to produce various confectionery items such as chewing gum and chocolates. It also has excellent preservative properties, extending the finished product's shelf life. This has led to increased adoption of dextrose monohydrates in confectionaries.
Due to an increase in health-conscious consumers worldwide, the demand for organic products is rising. As a result, it is anticipated that consumption of organic dextrose monohydrate may increase at a value CAGR of 5.6% to reach USD 589.6 million by the end of 2033.
Dextrose Monohydrate is used in medicine in powder and tablet form, as well as isotonic and hypertonic solutions. It is combined with vitamin D and minerals such as calcium to prepare glucose tablets. It is also used to treat hypoglycemia in diabetic patients.
It can be used with ascorbic acid to treat various disorders, heart problems, and intoxication concerns escalating the market growth of dextrose monohydrate.
Shortly, demand for dextrose monohydrate may increase significantly. Due to its health advantages, the top food and beverage companies plan to use it more frequently. Its use in sweeteners, binders, emulsifiers, and thickeners may expand its use in various areas of the food and beverage industry.
Demand for ready meals is growing along with consumer consumption of nutrient-dense foods. The global dextrose monohydrate market is anticipated to experience significant growth due to rising demand for low-calorie food products, increased antacid suspension products in the pharmaceutical sector, and rising demand from the personal care industries.
Important dextrose monohydrate manufacturers are strategically investing in expanding processing capabilities to boost production and increase their dextrose monohydrate market share. The dextrose monohydrate manufacturers prioritize new product development and enhancing their distribution networks.
Globally, the dextrose monohydrate industry has a sizable presence of leading competitors. The major dextrose monohydrate manufacturers around the world are consistently working on new products to enter the dextrose monohydrate market.
Novel Breakthroughs and Advancements
Company | Tate and Lyle PLC. |
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Strategy | Launch |
Details | 2019 saw the opening of a brand-new application lab in Singapore by Tate and Lyle PLC. In the laboratory's beverage, dairy, bakery, sauce, and dressing processing, modern technology and pilot-scale processing capabilities allowed the company to work with food and beverage partners to develop delicious products that cater to the needs of Asian consumers. |
Company | Atlantic Chemicals Trading GmbH |
---|---|
Strategy | New Warehouse |
Details | In Stelle, close to Hamburg, Atlantic Chemicals Trading GmbH opened a new warehouse in 2019 for efficient product delivery. The new warehouse allowed the company to purchase raw materials on time. |
Company | Roquette Frères S.A. |
---|---|
Strategy | Launch |
Details | In 2020, Roquette Frères S.A. launched a new digital marketplace for its American clients. Customers could now place orders for the appropriate goods more creatively, practically, and easily. |
The market is valued at USD 498 million in 2023.
NOW Foods and Cargill Incorporated are key market players.
Bakery and confectionery is likely to remain preferred through 2033.
The adoption of artificial sweeteners decline the global market.
The United States is estimated to lead the dextrose monohydrate market.
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