Global Glucose (Dextrose) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global glucose (dextrose) market is projected to grow at a CAGR 3.5% during the forecast period (2020- 2025).

Key Highlights

• The market is driven by increasing demand for convenience foods with versatile application of sweeteners with additional health benefits in several segments of industry, such as confectionery, bakery, and dairy products.
• The market faces challenges in terms of fluctuating prices of raw material primarily corn, with issues in supply chain and rapid changes in the global economy. Sugar giants across the world are viewing wheat and cook starch as a sustainable option to produce high-quality glucose syrups that can be used in baked goods, beverages, and ice creams
• There has been growing trend for clean-label solution, which offers great potential for glucose (dextrose) manufacturers. Companies are upgrading their portfolio with product innovation, supported by technological advancements.

Key Market Trends

Increasing Application in Bakery and Confectionery Sector

Glucose or dextrose, apart from imparting sweetness, also acts as a flavor enhancer and texture conferring agent. It prevents sugar crystallization, which is a desirable feature in confectionery products, which in turn has substantially increased its application in confectionery industry. It is generally used in the production of homogeneous confectionery products such as chewing gums and chocolates. The confectionery manufacturers across the globe are incorporating dextrose monohydrate as an alternative to sucrose. Owing to such additional benefits, the dextrose has actively paved strong growth opportunity in the bakery and confectionery sector.

Asia Pacific Emerges As The Fastest Growing Market

The Asia Pacific region projected to be the fastest-growing in the dextrose market for food & beverages, owing to the rising demand for low-caloric food in this region and the large-scale availability and affordability of corn and wheat starch. Furthermore, the rapidly growing convenience food and pharmaceutical industries in the Asia Pacific region have led to an increase in the consumption of glucose ( dextrose) products. Increasing demand of energy drinks which contains a significant amount of glucose on account of maintaining a healthy lifestyle also has been the reason for this rapid growth rate in the food & beverage sector primarily in countries like China, Australia, Japan, India and others

Competitive Landscape

The global glucose (dextrose) market is highly competitive market at the global level. The presence of major players operating in the country, such as Cargil lncorporated, Archer Daniels Midland Company, and Ingredion Incorporated, have strengthened the market through their product offerings. The major global players have vast product lines and geographical reach, which give them an upper hand. In the recent past, Continuous innovation to introduce new products, with functional benefits is the key competitive factor in the market. Key global players have thus intensified their R&D efforts, in order to develop niche and innovative products based on the requirements of the end-user industry.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support