PUBLISHER: Market Research Future | PRODUCT CODE: 1342084
PUBLISHER: Market Research Future | PRODUCT CODE: 1342084
The North America dextrose market is projected to witness significant growth during the review period, exhibiting a CAGR of 4.2%. The market was estimated to be USD 994.58 million in 2021 and is expected to reach a value of USD 1,436.93 million by the end of the forecast period (2022-2030).
Owing to the high glycaemic index of dextrose, it is an excellent source of energy. Dextrose is mainly used for its energetic content and low sweetening properties in food. Dextrose is majorly found in baking products and desserts. It also works as a natural preservative for extending the shelf life of the product to which it is added, such as in fruit jams. Furthermore, dextrose is generally used in the pharmaceutical industry, in numerous intravenous preparations. It also has application in oral gels or tablets available over the counter in pharmacies. People suffering from diabetes prefer dextrose tablets or gels for increasing their blood sugar levels quickly.
Dextrose has numerous applications across pharmaceuticals and personal care industries as well. It is used as a binder in the pharmaceutical industry as it is included in tablet formulations for imparting cohesiveness to powders and in syrups containing several amounts of sugars. Therefore, the expanding pharmaceutical industry along with the growing technological advancements have boosted the demand for dextrose in the market. Moreover, the increasing demand for natural sweeteners among consumers has led many beverage manufacturers to extensively incorporation plant-based sweeteners in their products. The rapidly growing demand for juices and soft drinks in the countries such as China, India, Malaysia, Japan, and others has contributed in the escalating consumption of dextrose. However, the fluctuations in raw material prices primarily corn, due to the seasonal variations proves to be a major restraint for the growth of dextrose in the market.
Based on type, the North America dextrose market has been bifurcated into dextrose anhydrous and dextrose monohydrate. The dextrose anhydrous segment accounted for the market share of 30.34 % in 2021 and is likely to register a CAGR of 3.9% during the projected period. Based on form, the North America dextrose market has been segmented into powder, liquid/syrup, and crystalline. The powder segment accounted for the market share of 22.17% in 2021.
Based on the source, the North American dextrose market has been classified into corn, wheat, and others. Based on application, the North America dextrose market has been classified into food, beverages, pharmaceutical, personal, and others.
The North America dextrose market has been segmented, based on country, into the US, Canada, and Mexico.
The key players operating in the dextrose market include Cargill Incorporated (US), Ingredion Incorporated (US), Archer Daniels Midland Co (ADM) (US), Tate & Lyle (UK), AGRANA Beteiligungs-AG (Austria), Roquette Freres (France), Avebe Group (Netherlands), NOW Foods (US), Foodchem international corporation (China), and Alphachem Limited (Canada).
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