The global dextrose monohydrate market is projected to reach a value of USD 498 million by 2023 and is expected to evolve at a CAGR of 4.0% to reach USD 708.7 million by 2033.
The demand for dextrose monohydrate is projected to rise significantly during the forecast period, driven by its numerous health benefits. Its versatile applications as a sweetener, binder, emulsifier, and thickener are expected to further its adoption in the food and beverage industry.
The increasing preference for nutritious foods and the growing demand for convenience meals are key factors fueling this growth. Additionally, expanded production of antacid suspensions in the pharmaceutical industry, rising demand in the personal care sector, and the continuous shift toward low-calorie food products are anticipated to propel the global dextrose monohydrate market forward.
Dextrose Monohydrate: Enhancing Shelf Life & Flavor of Processed Meat
Consumers are looking for high-quality, convenient meat products, which is boosting the processed meat market. Dextrose monohydrate is essential in the enhancement of processed meat. It improves color development, salt penetration, flavor, and pH balance during injection and immersion curing. Meat-based breakfast options such as bacon are gaining popularity over pancakes due to changing preferences and a need for protein-rich meal options.
A carbohydrate blend, containing dextrose monohydrate, ensures proper fermentation, controlled pH, and the necessary microbial population in fermented dry sausages. As a result, the sausages have exceptional sensory qualities, body, and flavor. The adoption of dextrose monohydrate in processed beef increases market sales by satisfying customer tastes and extending shelf life.
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.
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
- 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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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