PUBLISHER: The Business Research Company | PRODUCT CODE: 1669551
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669551
Dextrose is a fundamental sugar derived from corn or wheat, chemically equivalent to glucose, or blood sugar. Widely utilized as a sweetener, dextrose is commonly found in baked goods and processed foods, including corn syrup.
Two primary types of dextrose are anhydrous and monohydrate. The sweetener dextrose anhydrous is applied in various products such as baked goods, candies, gums, select ice creams and frozen yogurts, canned meals, cured meats, and other dairy items. Available in crystalline, powdered, and liquid forms, dextrose serves industries such as food and beverage, confectionery, bakery, dairy, beverages, condiments and dressings, pharmaceuticals, cosmetics, personal care products, and more.
The dextrose market research report is one of a series of new reports from The Business Research Company that provides dextrose market statistics, including dextrose industry global market size, regional shares, competitors with a dextrose market share, detailed dextrose market segments, market trends and opportunities, and any further data you may need to thrive in the dextrose industry. This dextrose market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dextrose market size has grown strongly in recent years. It will grow from $6.29 billion in 2024 to $6.81 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growth in food and beverage industry, expansion of pharmaceutical sector, increase in convenience food consumption, growth in sports and energy drinks, rise in sugar substitute demand
The dextrose market size is expected to see strong growth in the next few years. It will grow to $9.2 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising demand in the confectionery industry, growing functional food and beverage market, increasing adoption in animal feed, rise in pharmaceutical applications, expansion of the biofuel industry. Major trends in the forecast period include advancements in biotechnology, innovations in clean-label formulations, plant-based dextrose, customized dextrose solutions, collaborations for product innovation.
The anticipated growth of the dextrose market is expected to be propelled by the expanding processed food and convenience food industries. Processed food, defined as any food altered during preparation, and convenience food, characterized by quick and convenient preparation and storage options, are driving the demand for dextrose. Dextrose is extensively utilized as a sweetener, bulking agent, and energy source in processed and convenience foods, contributing to the overall growth of the dextrose market. For example, in 2022, the United States Department of Agriculture reported a total value of $38 billion for processed food products exported from the US, marking a 10.96% increase from $34.24 billion in 2021. Additionally, Canada and Mexico exported processed food products valued at $11.43 billion and $5.65 billion, respectively, in 2022. Consequently, the growing processed food and convenience food industries are key drivers of the dextrose market's expansion.
The expanding pharmaceutical industry is projected to drive the growth of the dextrose market in the future. This sector involves the discovery, development, and production of drugs and medicines by both government and private entities. Dextrose, a form of glucose, is utilized in various medical applications, including intravenous administration in hospitals, where it serves as an energy source, helps manage hypoglycemia, and supports hydration. For example, a report from Statistics Canada, a government agency, indicated that in December 2022, sales in the personal and household goods subsector rose by 2.8% in October 2022, totaling $11.6 billion for the third consecutive month. This growth was largely driven by the pharmaceuticals and pharmacy supplies sector, which saw a 3.9% increase, reaching $6.4 billion-the highest level since January 2022. Thus, the expanding pharmaceutical industry is fueling the growth of the dextrose market.
Product innovations are a significant trend gaining traction in the dextrose market. Major companies are developing innovative formulations to maintain their competitive edge, while businesses are creating cutting-edge products. For example, in September 2024, Hikma Pharmaceuticals PLC, a UK-based pharmaceutical company, launched Clindamycin in 5% Dextrose Injection, available in doses of 300 mg/50 mL, 600 mg/50 mL, and 900 mg/50 mL. This injection is prescribed for various infections, including septicemia, intra-abdominal infections, lower respiratory infections, gynecological infections, bone and joint infections, as well as skin and skin structure infections. The product is a sterile solution containing clindamycin phosphate and 5% dextrose, packaged in a 50 mL clear molded glass vial with an injection stopper. Each single-dose vial is intended for one-time use only.
Major players in the dextrose market are at the forefront of developing innovative formulations, as exemplified by Hikma Pharmaceuticals PLC., a UK-based pharmaceutical company. In August 2023, Hikma Pharmaceuticals launched Vancomycin Hydrochloride for Injection, USP, in 1.25g and 1.5g doses in the US. This product, diluted with 5% Dextrose Injection, is indicated for treating various serious bacterial infections, including septicemia, infective endocarditis, skin and skin structure infections, bone infections, and lower respiratory tract infections caused by susceptible isolates of methicillin-resistant Staphylococcus aureus (MRSA) and coagulase-negative staphylococci.
In April 2022, KPS Capital Partners, LP, a US-based private equity company, made a significant move by acquiring a controlling stake in Tate & Lyle's for an undisclosed amount. This acquisition aims to strengthen the formation of Primient, positioned as an independent and focused company in the market. KPS will collaborate closely with Primient's management team to optimize assets and operations, expedite organic growth initiatives, and pursue strategic acquisitions. Tate & Lyle PLC, the UK-based provider of food and beverage solutions and ingredients, is known for its diverse range of dextrose- and dextrose-based products.
Major companies operating in the dextrose market include NOW Foods, American Sugar Refining Inc., Grain Processing Corporation, Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Limited, Gulshan Polyols Ltd., Sudzucker Group, Ingredion Incorporated, Tereos, Roquette Freres, Tate & Lyle PLC, AGRANA Beteiligungs AG, COFCO Biotechnology Co. Ltd., Global Sweeteners Holdings Limited, Tongaat Hulett, Sunopta Inc., American Crystal Sugar Company, Belgosuc Nv, Nordic Sugar AS, Cristalco SAS, Uniglad Ingredients UK Ltd., Fooding Group Limited, Penford Corporation, Foodchem International Corporation, ASR Group International Inc., Qinhuangdao Lihua Starch Co. Ltd., Matsutani Chemical Industry Co. Ltd., Changchun Dacheng Group Co. Ltd.
North America was the largest region in the dextrose market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dextrose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the dextrose market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dextrose market consists of sales of dextrose injections and tablets. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dextrose Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dextrose market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dextrose ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dextrose market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.