The global Dextrates Market is expected to project growth at a robust CAGR during the forecast period 2022 to 2032. Growing patient inclination towards adoption of personalized therapeutics drugs and increasing emphasis on the development of more effective drugs with minimal or no side effects are estimated to create growth prospects in the dextrates market.
Dextrates is a micro-crystalline aggregate that is made of odorless, free-flowing, white, porous, and spherical granules. It is a purified mixture of saccharides obtained from starch by using controlled enzymatic hydrolysis techniques. Dextrates is available in either hydrated (with water) or anhydrous (no water) types.
Demand for dextrates is rapidly increasing owing to its sweet taste, pharmaceutical inactive properties, and cooling sensation in the mouth. It is finding a wide range of applications in the production of oral formulations, gelatin capsules, parenteral formulations, liquid oral medications, and others. Driven by this, the sales of dextrates is estimated to rise at a rapid pace in the global market.
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The dextrates market is largely dependent on the demand from the pharmaceutical industry, being the primary binder and sweetener used during the production of oral formulation and therapeutic drugs.
Over the past couple of years, the burden of chronic disorders and lifestyle diseases such as cancer, diabetes, high blood pressure, obesity, and others have witnessed a substantial rise across the world, creating massive demand for tablets, pills, capsules, tonics, and other oral formulations.
As dextrates are increasingly used during the preparation of pharmaceuticals products, such as antacids, owing to its non-irritant and non-toxic properties, growing consumption of aforementioned products is estimated to create high revenue generation opportunities in the global market.
Growing awareness regarding the side effects associated with the excessive consumption of dextrates such as high blood sugar, dry throat, rapid breathing, diarrhea, dental decay, and mirror skin & eye irritation among others hampering the sales of dextrates in the global market.
In addition, high cost and increasing availability of various binder alternatives are further hindering the dextrates demand in the market.
North America is projected to emerge as the most lucrative market for dextrates during the forecast period 2022 to 2032, as per the FMI’s latest study.
Dextrates is generally recognized as safe (GRAS) listed as per the regulatory organizations, such as the Food & Drug Administration (FDA), inactive ingredient guide. Favored by this, it is extensively used in the production of oral drugs, thereby creating strong demand for dextrates.
Hence, key companies in the market are aiming at expanding their production capacity to address the growing demand. For instance, JRS Pharma recently announced constructing its new manufacturing facility in Cedar Rapids, Iowa, the USA to expand its production of dextrates products. Such developments are estimated to augment the growth in the North America market.
As per Future Market Insights, South Asia is expected to exhibit robust growth in the global dextrates market between 2022 and 2032.
Growing customer inclination towards the adoption of a healthy lifestyle has resulted in the rising consumption of dietary supplements across South Asia, which is in turn, favoring the growth in the market.
Also, dextrates is increasingly being used for the preparation of soluble and chewable tablets, on account of its flavor carrying capacity, high water-solubility, desired flow, and smooth mouthfeel.
Hence, surging demand for these tablets across the countries such as India, Bangladesh, Pakistan, and others is estimated to bolster the growth in the South Asia market.
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Some of the leading players in the dextrates market profiled by FMI are Paulaur Corporation, Spectrum Chemical Manufacturing Corp., UPI (UNIVERSAL PRESERVACHEM INC.), JRS Pharma, Roquette, The Press Club Nutrition Ltd., Colorcon, Quadra Chemicals Ltd., and others.
Prominent players in the global market are aiming at launching capacity expansion and adopting partnership, collaboration, and merger strategies to strengthen their footprint in the highly competitive market.
| Report Attribute | Details |
|---|---|
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Content, Product Type, Application, End Use, Region |
| Countries Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Companies Profiled | Paulaur Corporation; Spectrum Chemical Manufacturing Corp.; UPI (UNIVERSAL PRESERVACHEM INC.); JRS Pharma; Roquette; The Press Club Nutrition Ltd.; Colorcon; Quadra Chemicals Ltd.; Others |
| Customization | Available Upon Request |
FMI projects the sales of dextrates in the market is expected to rise at value CAGR by 2032
The market for dextrates is dominated by North America, and this trend is projected to continue in the foreseeable future.
Paulaur Corporation, Spectrum Chemical Manufacturing Corp., UPI (UNIVERSAL PRESERVACHEM INC.), JRS Pharma, Roquette, The Press Club Nutrition Ltd., Colorcon, Quadra Chemicals Ltd., and others, are some prominent dextrates manufacturers.
| Estimated Global Industry Size (2025E) | USD 649.50 Million |
| Projected Global Industry Value (2035F) | USD 1,164.20 Million |
| Value-based CAGR (2025 to 2035) | 6.0% |
| Estimated Industry Size (2025E) | USD 8,280 million |
|---|---|
| Projected Industry Value (2035F) | USD 12,674.0 million |
| Value-based CAGR (2025 to 2035) | 4.4% |
| Market Value for 2024 | USD 48.58 billion |
|---|---|
| Market Value for 2034 | USD 74.66 billion |
| Market CAGR (2024 to 2034) | 4.4% |
| Market Size Value in 2022 | USD 2.4 Billion |
|---|---|
| Market Forecast Value in 2032 | USD 5.1 Billion |
| Global Market CAGR (2022 to 2032) | 7.8% |
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Dextrates Market
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