The dextrose monohydrate market is currently worth US$ 4.5 billion, and by 2032 it is expected to reach US$ 7 billion, growing at a 4.5% CAGR.
With a 39.4% value share, the dextrose monohydrate market in North America dominates the global market. Dextrose monohydrate consumption makes up roughly 5% to 6% of the market for sweeteners globally, measured in terms of value.
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A growing population that is resistant to artificial sweeteners and suffers from numerous diseases has increased consumer demand for sugar substitutes, which has benefited natural sweeteners like dextrose monohydrate. Dextrose is a naturally occurring sugar that is made from corn starch.
Dextrose monohydrate usage in various food products is therefore likely to increase due to the growing demand for ingredients derived from natural sources. According to a thorough analysis by Persistence Market Research, the global market for dextrose monohydrate is anticipated to grow at a CAGR of 4.5% between 2022 and 2032.
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Country-wise Insights
Why is the U.S. a Leading Dextrose Monohydrate Market in North America?
Major driver for growth of U.S. dextrose monohydrate market is the soaring demand for convenience and packaged food & beverage products. Currently, dextrose monohydrate sales in the U.S. is valued at US$ 1.78 Bn, and is set to cross US$ 2.4 Bn by the end of 2032.
Which Country is Propelling the Latin America Dextrose Monohydrate Market?
Increasing research & development activities in the alternative sweeteners market by leading players in the Brazil dextrose monohydrate market are propelling market growth.The market in Brazil leads the Latin American region and is set to reach a valuation of US$ 517 Mn by the end of 2032.
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Competitive Landscape
Key manufacturers of dextrose monohydrate are strategically investing in scaling up processing capacities to improve production and strengthen their presence in the market. Market players are also prioritizing new product development as well as strengthening their distribution capabilities.
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- In 2019, Tate and Lyle PLC opened a new application lab in Singapore. The laboratory included state-of-the-art technology with pilot-scale capabilities in beverage, dairy, bakery, sauce, and dressing processing, which enabled the company to work in collaboration with food and beverage partners to develop great-tasting products that meet consumers’ needs in Asian countries.
- In 2019, Atlantic Chemicals Trading GmbH opened a new warehouse in Stelle near Hamburg for the efficient delivery of its products. The new warehouse enabled the company to procure raw materials on time.
- In 2020, Roquette Frères S.A. set up a new digital marketplace for its customers in the U.S. This made it more convenient, innovative, and easy for customers to order the right products.
Dextrose Monohydrate Industry Research by Category
Dextrose Monohydrate Market by Nature:
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- Organic Dextrose Monohydrate
- Conventional Dextrose Monohydrate
Dextrose Monohydrate Market by Application:
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- Bakery
- Cereals & Snacks
- Dairy & Desserts
- Sauces & Dressings
- Confectionery
- Functional Food
- Beverages
- Others
Dextrose Monohydrate Market by Region:
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- North America Dextrose Monohydrate Market
- Latin America Dextrose Monohydrate Market
- Europe Dextrose Monohydrate Market
- East Asia Dextrose Monohydrate Market
- South Asia Dextrose Monohydrate Market
- Oceania Dextrose Monohydrate Market
- Middle East & Africa Dextrose Monohydrate Market
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