Global Maltodextrin Market Analysis and Forecast (2023-2032): Growing at a CAGR of 4.9%
The global maltodextrin market is projected to increase from a valuation of US$ 3.7 Bn in 2022 to US$ 6 Bn by the end of 2032, expanding at a steady CAGR of 4.9% over the next ten years.
Maltodextrin is manufactured by partial hydrolysis of starch. It is used as a thickening or filling agent in food and beverages. Maltodextrin is manufactured from wheat or corn. Maltodextrin is used in foods, brewery and snacks among others. It is key element in sports drink resulting in more favorite drink for the athletes. It is also used in frozen food.
The market for maltodextrin was mainly driven by increasing demand from downstream products such as ice-cream, milk powder and other instant drinks. Maltodextrin is used in various food and beverages applications such as soft and instant drinks, candy, ice cream and flavoring and essence among others. In addition, maltodextrin is also used in breweries as it increases the head retention and dryness of the drink. One of the major opportunities for the maltodextrin market is sugar free food. As maltodextrin is not true sugar and is safe for diabetic patients it is more likely used in sugar free products. However, individuals suffering from gluten intolerance will not be able to opt for these products and can act as a restraint to the market.
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In terms of demand, North America was the leading region for maltodextrin market. The demand is higher from sports drink and food market. North America was followed by Europe, where the demand is huge from ice cream and instant drink market. The demand for maltodextrin is mainly from France, the U.K. and Germany. Asia Pacific is expected to be the fastest growing market for the maltodextrin. The demand is this region is driven by India and China. Huge demand from ice cream and instant drinks market is likely to be major driver for Asia Pacific region. Regions such as Latin America, South America and Central Europe are expected to exhibit lower demand for maltodextrin in upcoming years.
Segmentation:
By Source:
- Corn-based
- Wheat-based
- Potato-based
- Cassava-based
- Others (Rice, Banana)
By Form:
- Spray-dried Powder
- “Instantized” / Agglomerated**
By Application:
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Daily and Fine Chemicals
- Others
By Region:
- North America
- Europe
- Latin America
- East Asia
- The Middle East & Africa
- South Asia & Pacific
Key Companies:
- Tate and Lyle Plc.
- The Archer Daniels Midland Company (ADM)
- Cargill Incorporated
- Ingredion Incorporated
- Roquette Freres
- Tereos Syral
This report covers a thorough analysis of:
- Market segment
- Market dynamics
- Market size
- Supply demand
- Current Trends/Issues/Challenges
- Competition and related companies
- Technology
- Value chain
Regional analysis includes:
- North America (USA, Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, UK, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia and New Zealand)
- Japan
- Middle East and Africa (GCC countries, South Africa, North Africa)
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Report highlights:
- Detailed overview of the top markets
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- competitive landscape
- Strategies of major players and products provided
- Potential and niche segments, areas showing promising growth
- A neutral view of market performance
- Essential information for market participants to maintain and strengthen their market footprint
Key features of this report
- Drivers, restraints, and challenges shaping the Maltodextrin market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Maltodextrin market estimates and forecasts(2015 -2021)
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