Global Dextrose Market Analysis 2024, Forecast To 2033

The dextrose market has experienced robust growth, climbing from $5.8 billion in 2023 to $6.29 billion in 2024, with a compound annual growth rate (CAGR) of 8.5%. This growth is primarily attributed to the expansion of the food and beverage industry, coupled with increased consumption of convenience foods and sports and energy drinks. Additionally, the rise in sugar substitute demand has contributed to market expansion. Looking ahead, the dextrose market is expected to continue its strong growth trajectory, reaching $8.49 billion by 2028, with a CAGR of 7.8%. Factors driving this growth include increasing demand in the confectionery industry and the growing functional food and beverage market. Moreover, dextrose's adoption in animal feed and pharmaceutical applications, along with the expansion of the biofuel industry, further contribute to market expansion. Key trends in the forecast period include advancements in biotechnology, innovations in clean-label formulations, and the emergence of plant-based dextrose and customized solutions through collaborative product innovation efforts.