The global dextrose monohydrate market is projected to reach a value of US$ 498 million by 2023 and is expected to evolve at a CAGR of 4.0% to reach US$ 708.7 million by 2033.
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 also expected to be expanded by its use as sweeteners, binders, emulsifiers, and thickeners.
Dextrose Monohydrate: Enhancing Shelf Life & Flavour of Processed Meat
Consumers are seeking high-quality, convenient meat products, which is driving the processed meat market. Dextrose monohydrate is vital for enhancing processed meat. It enhances colour development, salt penetration, flavour, and pH balance during injection and immersion curing. Meat-based breakfast options, such as bacon, are gaining popularity over pancakes due to shifting preferences and a need for protein-rich meals.
A carbohydrate blend comprising dextrose monohydrate ensures appropriate fermentation, controlled pH, and the required microbial population in fermented dry sausages. As a result, the sausages have excellent sensory attributes, body, and flavour. The use of dextrose monohydrate in processed beef boosts market sales by meeting customer preferences and extending shelf life.
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Sugary Suppression: Artificial Sweeteners Curb Dextrose Monohydrate’s Growth
Excessive dextrose consumption has been linked to obesity, liver function disruption, and increased uric acid levels. Regulations limiting the usage of dextrose monohydrate hinder its demand growth. In search of low-calorie alternatives, manufacturers are turning to artificial sweeteners that help maintain blood sugar levels. Their widespread use in processed foods boosts their sales, driven by their ability to retain taste.
FDA-approved sweeteners such as saccharin, sodium benzoate, and aspartame have gained popularity in the food industry. Aspartame, being much sweeter than sugar, reduces production costs. The increasing utilization of artificial sweeteners is expected to hamper dextrose monohydrate market growth.
North America Leads Global Dextrose Monohydrate Market
North America is projected to dominate the global dextrose monohydrate industry due to its strong regional segmentation. The region benefits from a high level of awareness and understanding of the product, which contributes to market growth. The increased emphasis on wellness and health among Americans fuels the market expansion of dextrose monohydrate in North America.
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Key Takeaways
- The United States might increase its market share by 21/7% between 2023 and 2033.
- Between 2023 and 2033, Germany may hold 4.1% of the dextrose monohydrate industry.
- From 2023 to 2033, the United Kingdom dextrose monohydrate industry registered at a 5% CAGR.
- Australia to hold a 2.9% share of the dextrose monohydrate market from 2023 to 2033.
- During the forecast period, the Chinese dextrose monohydrate business to expand at a CAGR of 4.2%.
- Japan’s share of the dextrose monohydrate industry could reach 2.3% between 2023 and 2033.
- Through 2033, the Indian dextrose monohydrate market to record a CAGR of 5.3%.
- The grade segment to hold a market share of 74.5% in the food grade category between 2023 and 2033.
- Bakery & Confectionary sector to grab a significant market share of 53.6% in the application category between 2023 and 2033.
Competitive Landscape
Major dextrose monohydrate players spend a lot of money on research and development to broaden their product offerings, which may escalate the dextrose monohydrate business to continue expanding.
The dextrose monohydrate players are launching new products, making agreements, purchasing firms, raising capital, and collaborating with other organizations to boost their investments and build a larger global presence. To grow and survive in a more cutthroat and competitive market climate, dextrose monohydrate competitors must provide affordable products.
New Developments
- Tate and Lyle PLC expanded its presence in Asia by inaugurating a cutting-edge application lab in Singapore in 2019. Equipped with advanced technology and pilot-scale capabilities, the lab facilitated collaboration with food and beverage partners to develop delicious products that catered to the preferences of consumers in Asian countries, spanning beverage, dairy, bakery, sauce, and dressing processing.
- Atlantic Chemicals Trading GmbH established a new warehouse in Stelle, near Hamburg, ensuring efficient delivery of their products. The strategic location of the warehouse enabled the company to procure raw materials promptly and meet customer demands effectively.
- In 2020, Roquette Frères S.A. launched a digital marketplace, revolutionizing the ordering process for its customers. This user-friendly platform offered convenience, innovation, and ease of use, allowing customers to effortlessly select and order the right products to suit their requirements.
Key Segments
By Grade
- Food Grade
- Medical Grade
By Application
- Bakery & Confectionery
- Convenience Food
- Dairy Foods
- Beverages
By Region
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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