Future of North America Maltodextrin Market in Other Sector
North America region is the most prominent regional markets of maltodextrin. Moreover, growing usage of maltodextrin food products in these regions are predicted to bolster the market of maltodextrin over the forecast period. Apart from this, increasing healthcare concern and increasing adoption of low calories dietary products is also projected to foster the growth of maltodextrin market in this region.
The North America maltodextrin market, representing nearly a quarter of the global maltodextrin market, is also aiding the growth of the industry, globally. In the forecast period of 2017–2025, the North America maltodextrin market is projected to grow at a CAGR of 4.92%. The North America maltodextrin output was approximately 0.90 million metric tons in the period 2017–2018.
The North America maltodextrin market is being driven by the prospering food and beverage industry in the region along with growing health conscience among the consumers. A surge in the number of health problems like diabetes and rising cholesterol levels in recent years has resulted in increasing sugar avoidance.
•North America Maltodextrin Market Outlook in Food & Beverage Sector
North America maltodextrin market size was valued over USD 710 million in 2018 in Food & Beverage Sector, also market is envisioned to grow at an optimistic CAGR of 4.92% from 2017 to 2025. Maltodextrins are ideal for sports and nutrition applications because of their relatively low osmolality and solubility up to high concentrations. Maltodextrins have a very bland clean flavor, which makes them ideal for addition in any flavor of drinks, bars or gels. Agglomerated maltodextrins are easily dissolved in cold water for quick hydration of powdered sports drinks.
Based on end user, the maltodextrin market classification includes Food and Beverages Industry, Cosmetic Industry, Pharmaceutical Industry and Chemical Industry. Out of which, most dominant segment is food & beverage and expected to grasp a remarkable CAGR by 2025. Likely, higher demand for confectionary & bakery, flavored soups & dry mixes and dairy products is envisioned to propel the growth of global maltodextrin market. Moreover, escalating concerns for potential health threats of genetically modified organisms (GMO) starches is likely to foster positive market growth over the forecast period.
•North America Maltodextrin Market Outlook in Pharmaceuticals Sector
North America Maltodextrin market in Pharmaceuticals was worth USD 73.14 million in 2017 and will reach USD 107.03 million in 2025, growing at 4.87%, according to Goldstein Market Intelligence. The use of maltodextrin has been further extended in molecular gastronomy by absorbing fats to create flavorful powder. Since maltodextrin is easily soluble in water — and therefore in the saliva — once in the mouth, these powders melt and release their fat.
The United States, China, Japan, Germany and France led the world the pharmaceutical sales market in 2018, with the United States having 47.2 percent of all pharmaceutical sales. The global pharmaceutical drug market was worth $934.8 billion in 2017 and is expected to triple in size by 2060 on an inflation-adjusted basis. Established markets, like North America, will also show significant growth during that time period, fueled by access to high-value drugs, healthcare awareness, high per capita expenditure on healthcare, and high GDP of the region and resulting in a 6.4% CAGR.
•North America Maltodextrin Market Outlook in Cosmetics Sector
Maltodextrin is used as Absorbent; Binding agent; Emulsion Stabilizer; Film-forming agent; Skin conditioning in cosmetic products. The application in baby products, bath products, cleansing products, eye makeup, shaving preparations, and hair and skincare products. Maltodextrin is a type of sugar derived from either corn, rice, or potato starch. In cosmetic and skincare products, it provides body to creams and lotions. It is very mild and non-irritating, making it ideal for use in baby products. This ingredient is present in 2.48% of cosmetics:
•Foaming bath and salts (14.58%)
•Fard à paupières (8.48%)
•Deodorant stick (6.99%)
•Anti-aging day face cream (6.84%)
•Anti-ageing day face serum (6.65%)
North America Maltodextrin Market in Cosmetics is predicted to account for USD 130.98 million by 2024 from USD 102.34 million in 2019, rapidly growing at the rate of 5.06% over the forecast years. Owing to the fact that North America beauty & personal care products market was valued at USD 93.81 billion in 2017.
•North America Maltodextrin Market Outlook in Chemical Sector
North America Maltodextrin Market in Chemical Industry is anticipated to account for USD 105.29 million by 2022 from USD 87.47 million in 2018, rapidly growing at the predicted rate of 4.79% over the forecast period, 2017–2025. The North American chemical industry is dominated by the manufacture of basic chemicals and fertilizers. However, the shale gas boom led to a near five-fold rise in investment in new chemical plants in the US between 2010 and 2015, and these are becoming operational in 2018–19 — maintaining the chemical sector as one of the fastest-growing US industries. In addition to this, a strong construction sector and healthy consumer spending are supporting increased regional production of paints/coatings and soaps/ detergents, respectively.
On a less optimistic note, the future of the industry will inevitably be affected by trade tariffs. Chemical products, particularly basic chemicals which are higher up the supply chain, rely heavily on exports, and tariffs will therefore affect their global demand.
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