Global Dextrose Monohydrate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dextrose Monohydrate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Dextrose Monohydrate is the monohydrate form of D-glucose, a natural monosaccharide and carbohydrate. Dextrose serves to replenish lost nutrients and electrolytes. The agent provides metabolic energy and is the primary ingredient in oral rehydration salts (ORS) and is used in intravenous (IV) fluids to provide nutrients to patients under intensive care who are unable to receive them by the oral route. Solutions containing dextrose restore blood glucose levels, provide calories, may aid in minimizing liver glycogen depletion and exerts a protein-sparing action. Dextrose also plays a role in the production of proteins and in lipid metabolism.

Market Overview:

The latest research study on the global Dextrose Monohydrate market finds that the global Dextrose Monohydrate market reached a value of USD 4754.09 million in 2022. It’s expected that the market will achieve USD 5630.53 million by 2028, exhibiting a CAGR of 2.86% during the forecast period.

The outbreak of COVID-19.

Since the COVID-19 outbreak in early 2020, millions of people around the world have been infected with the COVID-19 disease, and major countries or regions in the world have implemented travel restrictions and shutdown orders. In addition to the medical supplies and life support product industries, most industries have been greatly affected, and the monohydrate dextrose industry has also been greatly affected.

The demand of the downstream market drives the market growth of dextrose monohydrate.

Many companies have increased their efforts to adapt their products to consumer preferences. Changing the eating habits of consumers is likely to lead to an increase in the demand for food-grade glucose monohydrate. The introduction of foods with a mixture of nutrition and taste has attracted more and more attention. It is likely to promote the growth of the global dextrose monohydrate market. Dextrose monohydrate has been found to have improved utilization in various confectionery products. It is widely used to make various candies, such as chocolate and chewing gum. The product also has excellent anti-corrosion properties and extends the shelf life of the product. These factors have promoted the growth of the downstream market, which is likely to promote the growth of the global glucose monohydrate market in the next few years.

Due to the low production cost, the price is affordable.

Since the dextrose monohydrate is made from corn starch, corn has a wide range of sources, is low in price, and the overall production cost is low. Therefore, the price of dextrose monohydrate is also accepted by customers in various downstream industries. This is another driving factor for the dextrose monohydrate industry.

With economic growth in some developing countries, the market continues to develop.

In recent years, the global economy has continued to maintain rapid growth, especially in some developing countries, such as China and India. Due to the increase in consumer spending on food and the indulgence demand for happiness, the confectionery industry has quickly attracted attention in some developing countries. For example, Indian consumers are increasingly adopting Western culture and are becoming more and more interested in foods that provide luxurious cuisine. In addition, the increasing incidence of diabetes and obesity in some countries is affecting food manufacturers to use healthier sweeteners, such as dextrose monohydrate, in their confectionery products.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (32.77% in 2022).

Company Overview:

ADM is one of the major players operating in the Dextrose Monohydrate market, holding a share of 15.13% in 2023.

ADM

The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide.

Cargill

Cargill is an American privately held global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2015, number 15 on the Fortune 500, behind McKesson and ahead of AT&T. Cargill has frequently been the subject of criticism related to the environment, human rights, finance, and other ethical considerations.

Segmentation Overview:

By type, Food Grade segment accounted for the largest share of market in 2022.

Application Overview:

In the Dextrose Monohydrate market, 29.68% of the total value was generated through the Convenience Foods segment by application in 2022.

Key Companies in the global Dextrose Monohydrate market covered in Chapter 3:

Zhucheng Dongxiao Biotechnology
Cargill
Xiwang Group
Lihua Starch
Tate & Lyle
Qingyuan Food
Ingredion
Shandong Huayi Corn Technology Co., Ltd.
ADM
Tereos
Roquette
Zhucheng Xingmao Corn Developing
Feitian
Avebe

In Chapter 4 and Chapter 14.2, on the basis of types, the Dextrose Monohydrate market from 2018 to 2029 is primarily split into:

Food Grade
Medical Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dextrose Monohydrate market from 2018 to 2029 covers:

Bakery
Beverages
Confectionery
Convenience Foods
Dairy
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)