The global sales of dextrose syrup are slated to grow at a steady CAGR of around 5.1% between 2022 and 2032. Growth in the market is driven by rising demand for dextrose syrup across various end-use verticals such as food and beverages, bakery and confectionery, and pharmaceuticals.
| Report Attribute | Details |
| Dextrose Syrup Market Projected Growth Rate (2022-2032) | 5.1% CAGR |
Dextrose syrup is glucose syrup with high dextrose content, generally obtained by the hydrolysis of starch. It has a high nutritional value along with a sweet taste which makes it an ideal sweetener for usage across pharmaceutical and food and beverages industries. It has become a ideal alternative to traditional granular sugar.
Over the last few years, demand for dextrose syrup has witnessed a huge upsurge due to rising adoption in food products such as confectionery and bakery items. Large food industries use dextrose syrup as a thickener, humectant, and sweetener to improve the taste and texture of food products as well as to increase their shelf life. Besides this, it aids in preventing the crystallization of sweets.
In pharmaceutical industry, dextrose syrup has gained immense traction due to its multiple uses. It is being used as a sweetener to impart a more pleasant taste to unpalatable medicines. Besides this, it is used for treating low blood sugar (hypoglycemia) and dehydration.
As dextrose syrup is a simple sugar and contains high calorie content, it can be quickly used as a source of energy by the human body. For this reason, it is dissolved in solutions that are administered to patients with low blood sugar levels.
Additionally, increasing consumer awareness about the health benefits of consuming dextrose syrup along with rising applications of dextrose in cosmetic and personal products such as toiletries, bath products and skin & hair care products will further create growth prospects for the market players in the forthcoming years
Growing popularity of dextrose syrup due to its various benefits and rapid expansion of end-use verticals such as food and beverages, cosmetics and personal care, bakery products, pharmaceuticals are some of the major factors driving the growth in dextrose syrup market.
Dextrose syrup is being increasingly used as a sweetener and flavor enhancer in food and beverage industry. Besides this, it plays a crucial role in increasing the shelf life of products as well as enhancing their texture. Dextrose syrup finds application in food products and beverages such as baked products, confectionery, canned fruits, jams, sport drinks and energy drinks, alcoholic beverages etc.
Subsequently, growing usage of dextrose syrup in pharmaceutical industry is providing a strong thrust to the growth of dextrose syrup market and the trend is likely to continue in the future. It is being widely used as a sweetener in the manufacturing of chewable tablets, lozenges, and syrups to mask the unpleasant flavor. Moreover, it has gained immense traction for treating patients with low glucose levels.
In addition to this, increasing applications of dextrose syrup across building and construction sectors will further expand the size of dextrose syrup market during the forecast period.
Dextrose syrups are used for the manufacturing of plaster boards, to ensure proper water retention and mitigation throughout the boards. Besides this, it is being added to clay to prevent cracking during heating.
Although dextrose syrup is gaining huge traction across food and pharmaceutical industries, there are various factors that are likely to challenge market growth. Some of these factors are the side effects associated with consuming too much sugar products and availability of various other alternatives.
According to the Future Market Insights, North America is anticipated to continue its dominance in the global dextrose syrup market during the forecast period, owing to the rapid expansion of end-use verticals including pharmaceuticals, food and beverages, construction, and cosmetics.
Countries such as the United States and Canada are experiencing huge demand for processed foods, bakery items, confectionery, and ready to serve beverages due to changing lifestyle and increasing spending by people. This is providing a major impetus to the growth of dextrose syrup market.
Moreover, presence of a well-established pharmaceuticals industry coupled with growing popularity of dextrose syrup for treating patients suffering from hypoglycemia is positively impacting the market growth across the region.
Owing to the rapid expansion of pharmaceuticals and food and beverage sectors, the Asia Pacific dextrose syrup market spearheaded by China and India, is expected to grow at a relatively faster CAGR over the forecast period.
Asia pacific is home to some of the most populated countries in the world. This is creating huge demand for food products and pharmaceuticals, which eventually generates sales prospects for dextrose syrup.
Both pharmaceutical and food and beverages industries use dextrose syrup due to its sweet and nutritional benefits. Rising production and consumption of these products coupled with growing awareness among people regarding the high calorie content of dextrose syrup will therefore continue to boost the growth of dextrose syrup market across the region in the forthcoming years.
Some of the key participants present in the global dextrose syrup market include Tereos Starch & Sweeteners s.a.s., Ingredion Inc., Cargill Inc., ACH Food Companies, Inc., Tate & Lyle Plc., WGC Co., Ltd., Tongaat Hulett Starch, Qingdao Pusen Industrial Co. Ltd., Uniglad Ingredients srl, Roquette, Gavedo, Nordic Sugar A/S, and Manibhadra Food Products.
The global dextrose syrup market is highly competitive in nature with leading market players constantly innovating to increase their customer base. Besides this, they are using various tactics such as mergers, partnerships, new product launches, price reduction, and move towards online shopping platforms to expand their global presence.
| Report Attribute | Details |
| Growth Rate | CAGR of 5.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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FMI projects the global dextrose syrup market to expand at around 5.1% CAGR by 2032.
Asia Pacific is expected to emerge as the most opportunistic market for dextrose syrup manufacturers during the forecast period.
Tereos Starch & Sweeteners s.a.s., Ingredion Inc., Cargill Inc., Tate & Lyle Plc., and Tongaat Hulett Starch are some prominent dextrose syrup manufacturers
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