Dextrose, also known as glucose, is a simple sugar that is derived from corn or wheat. It is commonly used as a sweetener and a source of energy in food and beverage products. Dextrose is also used in medical applications such as intravenous feeding and as a component in diagnostic testing.
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The global dextrose market is estimated at USD 5.9 billion in 2022; it is projected to grow at a CAGR of 7.8% to reach USD 8.6 billion by 2027. The growth of the market is driven by the increasing demand for dextrose as a sweetener and a source of energy in the food and beverage industry. Additionally, the growing use of dextrose in medical applications is expected to drive market growth.
The food and beverage industry is the largest consumer of dextrose, accounting for over 60% of the global demand. Dextrose is used as a sweetener in various food products such as confectionery, bakery, and dairy products. The increasing demand for processed and convenience food products is expected to drive the demand for dextrose in the food and beverage industry.
The pharmaceutical industry is another major consumer of dextrose. It is used as a component in intravenous feeding solutions and diagnostic testing. The growing demand for intravenous feeding solutions and the increasing prevalence of chronic diseases are expected to drive the demand for dextrose in the pharmaceutical industry.
The Asia Pacific region is the largest market for dextrose, accounting for over 40% of the global demand. The increasing population and the growing demand for processed food products in the region are expected to drive the demand for dextrose in the region. Additionally, the increasing demand for intravenous feeding solutions in the healthcare industry is expected to drive the demand for dextrose in the region.
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The key players in this market include Cargill Incorporated (US), ADM (US), Ingredion (US), Agrana (Austria), Tate & Lyle (UK), Roquette Frères (France), Avebe Group (The Netherlands), Tereos (France), Gulshan Polyols Ltd (India), Belgosuc NV (Belgium), Fooding Group Limited (China), Foodchem International Corporation (China), Grain Processing Corporation (US), Uniglad Ingredients UK Ltd (UK), Now Foods (US). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
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