The pharmaceutical grade dextrose glucose market is anticipated to grow at a significant CAGR of 4.0% during the forecast period (2022-2028). Pharmaceutical grade dextrose glucose is a sugar that comes in a variety of different forms. Dextrose is an alternate term for glucose, which is a monosaccharide. Pharmaceutical grade dextrose glucose is used in a variety of ways in the pharmaceutical industry, including formulations and analytical tests. It is mostly used as a sweetening agent, however, it is also utilized as a syrup basis and osmotic agent, among others. Pharmaceutical dextrose is primarily employed as a binder in the production of tablets. The finest type of pharmaceutical grade dextrose glucose is devoid of sulphur and other heavy elements. The major factor driving the growth of the market includes the increasing usage of pharmaceutical formulations, particularly to conceal the unpleasant taste and odor of medicinal products.
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The global pharmaceutical grade dextrose glucose market is segmented based on type and application. Based on type, the market is sub-segmented into API grade, excipient grade, and others. Based on application, the market is sub-segmented into parenteral nutrition, dialysis application, and injectables. Among these applications, the parenteral nutrition segment is expected to propel the growth of the market due to the increasing usage of dextrose glucose in the manufacturing of medical injections. For instance, paracetamol syrup and simple linctus medicines are prepared with the use of pharmaceutical-grade dextrose glucose.
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The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in December 2021, Vishwaraj Sugar Industries Ltd. announced that it would use its patented technology to make pharmaceutical grade glucose. The corporation boasts a state-of-the-art R&D center with cutting-edge technology. This pharma grade glucose is now being supplied to prominent pharmaceutical firms in India, with intentions to export it all around the globe. It has also started producing refined grade sugar, which meets the requirements of IS 1151, 2021 version. In Karnataka, the company has also put-up development plans of $32.6 million for the construction of a greenfield sugar mill and a distillery.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Cargill India Pvt. Ltd., Archer Daniels Midland Co., Ingredion Inc., Tereos India Pvt. Ltd., Roquette Freres SA, and Qinhuangdao LiHua Starch Co. Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pharmaceutical Grade Dextrose Glucose Market Report by Segment
By Type
- API Grade
- Excipient Grade
- Others
By Application
- Parenteral Nutrition
- Dialysis Application
- Injectables
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