Global Maltodextrin Market Outlook 2021
Maltodextrin is a polysaccharide that is always used as a food additive. It is produced from various starches, such as corn, rice, potato, wheat, mandioc etc, by partial hydrolysis with the value of DE below 20%. And it is usually found as a white hygroscopic spray-dried powder. The worldwide market for Maltodextrin is expected to grow at a CAGR of 4.90% over the forecast years, will reach USD 4,037.86 million in 2024, from USD 3,178.61 million in 2019.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in Maltodextrin market will become more intense. The technical barriers of Maltodextrin are relatively low, which leads to a relatively low market concentrated rate. Leading Manufactures in this market include Grain Processing Corp, Roquette, Cargill Inc., Matsutani, ADM, Ingredion, Tate and Lyle, Avebe, Zhucheng Dongxiao, Zhucheng Xingmao, Mengzhou Jinyumi, Qinhuangdao Lihuang, Shijiazhuang Huachen, Henan Feitian, Jinze and etc.
Key Findings :
Maltodextrin is preferred as a healthy additive across diverse industries such as food and beverages, pharmaceutical, chemical, and cosmetic & personal care industries. This rising use of maltodextrin has resulted into its rising demand. Exhibiting a moderate CAGR of 4.90%, the global maltodextrin market will surpass USD 4.24 Billion mark by 2025.
Corn-based maltodextrin is expected to hold over 50% of the global maltodextrin market. Corn is a high quality and an easily available source of maltodextrin. Therefore, the rising demand for artificial sweetener in the food and beverage industry is expected to bode well for the corn-based maltodextrin market. In addition to this, cassava-based maltodextrin is gaining transaction and is projected to show high growth among other sources of maltodextrin.
East Asia is expected to exhibit the highest CAGR in the global maltodextrin market. The ever-rising consumption of low-calorie artificial sweeteners will increase the demand for maltodextrin in the region. Meanwhile, North America is dominating the maltodextrin market in terms of consumption. Plant-based food additives are in high demand since consumers have become more health-conscious. Also, the consumption of US-produced cheese products on the rise. This is helping the maltodextrin market grow significantly in emerging countries and maintain growth rate backed by considerable demand in developed countries.
Rising demand from personal care products as thickener, humectant, stabilizer, foaming agent, and filler is driving the segment growth. Booming cosmetic industry owing to increase awareness and spending on personal care, skin care and hair care products especially in females is further pushing the segment growth.
The demand for maltodextrin is rising, albeit gradually. In the coming years, growth opportunities are likely to open up as the market witness high demand from food and beverages, pharmaceuticals, cosmetics and personal care, and chemicals segments. Maltodextrin is used in bakery products to enhance mouth-feel. In addition to this, it is used in sports supplements, processed food, confectioneries, ice-creams and other food products.
For complete insight, visit bit.ly/3ol7QUZ.
