Global Maltodextrin Market, By Source (Corn-Based, Wheat-Based, Potato-Based, Cassava-Based & Others), Form (Spray-Dried Powder, Instantized/Agglomerated), Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Daily and Fine Chemicals & Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Maltodextrin is a type of carbohydrate found in a variety of foods. They have a calorific value of 4 kcal/g. Carbohydrates are required by the body for basic metabolic processes and should account for 50-55 percent of total energy consumption. Carbohydrates, particularly maltodextrin, have been shown by the European Food Safety Authority (EFSA) to help the brain and muscles function normally.
Data Bridge Market Research analyses that the maltodextrin market which was growing at a value of 3.57 billion in 2021 and is expected to reach the value of USD 6.51 billion by 2029, at a CAGR of 7.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Corn-Based, Wheat-Based, Potato-Based, Cassava-Based & Others), Form (Spray-Dried Powder, Instantized/Agglomerated), Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Daily and Fine Chemicals & Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Hunan Er-Kang Pharmaceutical Co., Ltd (China), American Key Food Products (U.S.), Cargill, Incorporated (U.S.), SPAC Starch Products (India) Ltd (India), Ingredion Incorporated (U.S.), Maltodextrin Starch Industry Co., Ltd (Thailand), EIAMHENG MALTODEXTRIN STARCH INDUSTRY CO., LTD. (Thailand), Psaltry International Limited (Nigeria), Dadtco Philafrica B.V. (South Africa), Maltodextrin Vietnam (Vietnam), Lentus Foods & Agro Ltd (Nigeria), kengSeng Group Of Company (China)
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Opportunities
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Market Definition
Maltodextrin is a starch derivative that is white powder and is used as a food additive. It is created through the partial hydrolysis of grain starch such as corn, wheat, potatoes, and rice. It has a mild flavour and a smooth texture, making it suitable for use in the food and beverage industries as a food additive.
Maltodextrin Market Dynamics
Drivers
- The various benefits of maltodextrin is augmenting market growth
Maltodextrin is in high demand as a fat-reducing ingredient due to rising demand for low-calorie packaged foods. Replacing starch-based sweeteners with maltodextrin reduces the overall carbohydrate level in the final food product, which health-conscious consumers highly prefer. Maltodextrin is an important bulking and carrier agent in a variety of food products, providing desirable texture and viscosity. Furthermore, it is an excellent fat substitute in a variety of foods.
- Ease of availability and high application in food products
The widespread availability of low-cost maltodextrin in emerging markets is hastening market growth. Several multinational corporations provide high-quality maltodextrin products for the food and other industrial sectors. This is due to the increased maltodextrin use by international and domestic food processors. Nutritional bars, fruit beverages, Herbal Life shakes, and instant soups are also contributing to the maltodextrin market's expansion.
Opportunity
Maltodextrin's rising demand in the cosmetic and personal care industries is expected to create new market opportunities in the near future. It is used as a stabiliser and thickener in the manufacture of cosmetics. Demand for cosmetic products is being driven by a growing working female population and rising consumer disposable income. As a result, strong growth in the cosmetic and personal care markets is expected to favour maltodextrin market growth.
Restraints
Maltodextrin derived from wheat is not suitable for gluten-free products. Consumers suffering from celiac disease are unable to consume the same. The rising prevalence of celiac disease around the world is expected to limit maltodextrin market growth over the forecast period. The fluctuating cost of raw materials used in maltodextrin production is expected to limit market growth. Furthermore, the growing demand for gums as an alternative to Maltodextrin is expected to stifle market growth.
This maltodextrin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the maltodextrin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Maltodextrin Market
The maltodextrin market is rapidly surpassing pre-COVID levels as a result of the extreme V-shaped recovery in most emerging economies, with a strong growth rate expected over the forecast period. Key market players are implementing new strategies to combat the effects of the Covid-19 epidemic. As critical tactics, companies in the maltodextrin industry promote their contactless production and delivery processes, promote USP statements, focus on product packaging, and increase product exposure on online platforms. Maltodextrin producers are also attempting to expand their distribution networks and expand into new markets where raw materials are readily available.
Recent development
- Cargill, Inc. announced a partnership with Starpro, Thailand's leading manufacturer and provider of maltodextrin starch, in April 2021. The company intends to expand its operations in the Asia-Pacific region through this collaboration.
- Tate & Lyle PLC announced in February 2021 that it had acquired an 85 percent stake in Thailand's Chaodee Modified Starch Co Ltd.
Global Maltodextrin Market Scope
The maltodextrin market is segmented on the basis of source, form and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Corn-Based
- Wheat-Based
- Potato-Based
- Cassava-Based
- Others
Form
- Spray-Dried Powder
- Instantized/Agglomerated
Application
- Food
- Beverage
- Daily and Fine Chemicals
- Pharmaceutical
- Cosmetics and personal care
- Others
Maltodextrin Market Regional Analysis/Insights
The maltodextrin market is analysed and market size insights and trends are provided by country, source, form and application as referenced above.
The countries covered in the maltodextrin market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to have the largest market share. Plant-based food additives are in high demand as customers become more health-conscious. Furthermore, the demand for American-made cheese is increasing. This is assisting the growth of the maltodextrin market in emerging markets while maintaining a steady growth rate supported by high demand in developed markets. Due to the existence of the sports and food and beverage markets in North America, there is a high demand for maltodextrin.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Maltodextrin Market Share Analysis
The maltodextrin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to maltodextrin market.
Some of the major players operating in the maltodextrin market are:
- Hunan Er-Kang Pharmaceutical Co., Ltd (China)
- American Key Food Products (U.S.)
- Cargill, Incorporated (U.S.)
- SPAC Starch Products (India) Ltd (India)
- Ingredion Incorporated (U.S.)
- Maltodextrin Starch Industry Co., Ltd (Thailand)
- EIAMHENG MALTODEXTRIN STARCH INDUSTRY CO., LTD. (Thailand)
- Psaltry International Limited (Nigeria)
- Dadtco Philafrica B.V. (South Africa)
- Maltodextrin Vietnam (Vietnam)
- Lentus Foods & Agro Ltd (Nigeria)
- kengSeng Group Of Company (China)
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