By 2030, the global dextrose monohydrate market is anticipated to reach US$ 5.0 billion. According to a recent analysis by Future Market Insights (FMI), between 2020 and 2030, the market will grow at a CAGR of 2.1 percent. Growing demand for packaged and convenience food products, as well as increasing disposable income, are projected to boost the dextrose monohydrate market, according to the report. This research provides a descriptive analysis of the industry, including growth drivers, opportunities, growth restraints, and major market trends.
For medicinal reasons, dextrose monohydrate is utilised in powder and tablet form, as well as in isotonic and hypertonic solutions. For the manufacture of glucose tablets, it is mixed with vitamin D and minerals such as calcium. It’s also used to treat hypoglycemia in diabetic people. It can be used in conjunction with ascorbic acid to treat a variety of illnesses, including cardiac difficulties and intoxication concerns.
Confectioneries are increasingly using dextrose monohydrate. It is extensively used in the production of a variety of confectionery products, including chewing gums and chocolates. It also has excellent preservation characteristics, extending the shelf life of the finished product. As a result, the use of dextrose monohydrate in confectioneries has increased.
It contains detailed information on the dextrose monohydrate market. Here are a few examples:
- In 2020, the market was predicted to be worth US$ 4.1 billion.
- The dextrose monohydrate market in North America is predicted to have the biggest revenue share.
- Food grade has the largest proportion of the market in terms of shape.
- The bakery & confectionery category is expected to have the biggest revenue share among the application segments.
- Dextrose monohydrate is a sweetener with a high nutritional value that is widely utilised in the food and beverage sector as well as the pharmaceutical business.
“Growth will be aided by increased demand for dextrose monohydrate in the food industry. In addition, expanding pharmaceutical use for the creation of antacid suspensions, rising consumer purchasing power, and changing individual lifestyles are all projected to drive the market in the next years. Market companies are expected to innovate goods and gain competitive advantage based on shifting customer tastes, according to a principal analyst at FMI.
Who is the victor?
The global market for dextrose monohydrate is fiercely competitive. Tereos, Global Sweeteners, Cargill, Roquette, Ingredion, Tate & Lyle, ADM, Xiwang Group, Lihua Starch, and Zhucheng Xingmao Corn Developing are among the major players active.
The research will provide a detailed view of the market’s competitive landscape. The market players’ strategies are scrutinised in depth. In addition, the study provides information on investment feasibility in various categories and makes recommendations to help market participants obtain a competitive advantage.
Learn everything there is to know about the Dextrose Monohydrate market.
Future Market Insights delivers an unbiased study of the global dextrose monohydrate market in its latest report, which covers historical demand data as well as projection estimates for the years 2020 to 2030. The research provides intriguing insights into the market’s growth. The market is divided into three categories based on product type: food grade, medical grade, and others.
The market is divided into drinks, dairy foods, bakery & confectionery, convenience food, pharmaceuticals, and others based on application. North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA are the regional segments of the market.
KEY RESEARCH FINDINGS IN THE DEXTROSE MONOHYDRATE MARKET
- Between 2020 and 2030, the dextrose monohydrate market will grow at a CAGR of 2%.
- Dextrose monohydrate is used as a preservative in the food industry to extend the shelf life of packaged foods.
- In the dextrose monohydrate market, North America would continue to be in the driver’s seat.
- Dextrose monohydrate will continue to be popular throughout Europe and Asia Pacific.
- The bakery and confectionary area is seeing an increase in demand.
- Furthermore, the fast growing beverage industries, soaring general economic dynamics, and the demand for high-quality food goods are likely to propel growth.