Asia Pacific region held the second largest market share of more than 27% in 2018, with a growth rate of 4.93% during the forecast period. The market share held by the region is attributed to the well-established food & beverage sector, increasing demand for baked products like biscuits & cookies, and growing demand for nutraceutical products, which is supporting the expansion of the market in this region.
The Asia Pacific region projected to be the fastest-growing in the maltodextrin market for food & beverages, owing to the rising demand for low-calorie food in this region and the large-scale availability and affordability of maltodextrins. The glucose, dextrose, and maltodextrin market is driven by the increase in demand from the beverage industry, intense research & development activities, and an increase in demand for convenience foods. The demand for glucose, dextrose, and maltodextrin in the food & beverages segment, is expected to witness significant growth in the near future, as major food & beverage companies are expected to increase the application of glucose, dextrose, and maltodextrin due to their multiple benefits.
Production From Corn Market
•Asia Pacific (APAC) corn-based maltodextrin market size valued at USD 402.96 million in 2017. APAC corn-based maltodextrin market size is expected to reach USD 592.48 million by 2025 from USD 422.48 million in 2018 to reach, at a CAGR of 4.94%, during the forecast period, 2017–2025. The food industry usually refers to corn-based products when referring to maltodextrins. But in addition to the legally defined corn and potato versions, some ingredient manufacturers also produce “maltodextrins” from other starchy sources, such as rice and tapioca.
- Maltodextrins from sources other than corn might not only exhibit functional differences, they often display other differences, such as flavor. Since they are generally more expensive than corn maltodextrins, any benefits they confer must outweigh the cost. But other considerations besides functionality exist. Corn starch has been extensively used as a raw material in maltodextrin production and cassava starch is traditionally used in Thailand and other cassava starch producers in maltodextrin production.
Production From Wheat Market
•Wheat Maltodextrins provide excipient benefits as a filler and filler/binder while also providing nutrient benefits as a carbohydrate source. Wheat maltodextrins are starch hydrolysis products with a dextrose equivalent. The Asia Pacific maltodextrin market is being driven by the rising demand for convenience foods and packaged products and accounted for nearly 20% of the global consumption. China is a major supplier and accounts for more than 30% of the world’s total maltodextrin production. India, too, is a significant market in the region. The thriving food and beverages, and cosmetics industries in these two countries are aiding the market growth.
•With increasing consumer apprehension towards genetically modified products, maltodextrin manufacturers are actively working on developing and launching non-GMO products. In 2018, Archer Daniels Midland Company (ADM) partnered with Hong Kong-based Vedan International to launch non-GMO tapioca maltodextrin. Tate and Lyle, another major maltodextrin company, announced that it is expanding the production line capacity for non-GMO ‘MALTOSWEET’ maltodextrin at its facility in Boleraz, Slovakia.
Production From Tapioca Market
•However, the countries of major cassava production in Asia are Indonesia, Thailand, India, China, the Philippines, and Vietnam. In Indonesia, most of the production is in East Java and Lampung Province. In Thailand, the northeast of the country and the central plain account for most of the cassava production. Asia Pacific Tapioca Maltodextrin market is valued at USD 33.33 million in 2019 is expected to reach USD 36.55 million by the end of 2021, growing at a CAGR of 4.78% over the forecast period.
•Potential markets for cassava are mainly in the area of starch and starch-based products, for domestic animal feed production, and for processed food; recently, a new market for the production of ethanol is rapidly developing in Thailand, China, and the Philippines. Cassava starch can generally compete with other sources of starch on the basis of price in the mass market, and on the basis of its functional starch properties in certain specialized markets.
Production From Tapioca Market
•Saccharides in the rice Maltodextrin is much more than in any other type of Maltodextrin. The adequate concentration of protein, lipid, and 40% viscosity makes Rice Drinks unique. The chemists are of the opinion that it is the presence of retrograded amylose that has given birth to all these properties in the Rice Maltodextrin. The origin of the starch present in the different botanical sources can speak about the characteristics and properties of Maltodextrin present in it. Asia Pacific Rice Maltodextrin was worth USD 68.99 million in 2017 and anticipated to be growing at a CAGR of 4.95%, to reach USD 96.59 million by 2024.
•Most of the companies that are engaged in the manufacturing of Rice Maltodextrin use rice that contains some amylopectin. Some are of the opinion that rice Maltodextrin made from non-chemical processes and can resist retro-gradation to a large extent. Maltodextrin powder is considered to be one of the best food ingredients that can have added flavor to make your food excellent to taste. 10% sweetness value makes the powder about 6% as sweet as sugar.
Production From Potato Market
•APAC Potato Maltodextrin Market is expected to reach USD 79.79 million by 2025. It was valued at USD 54.20 million in 2017. The report foresees a 4.95% CAGR from 2017 to 2025. The pharmaceutical industry uses maltodextrins in many ways. Their varied particle sizes, bulk densities, and DEs make them a cost-effective choice for many pharmaceutical manufacturers.
- As with many starches, maltodextrins are good film-formers, allowing them to be used as coatings for tablets and granules. Manufacturers can use maltodextrins as the main film-forming polymer, but maltodextrin films alone are not as strong as many of the other film-forming polymers that are available. They can also be quite tacky, so most manufacturers use them either as a secondary polymer or add them to increase the solids of a coating solution. Many of the strong film-forming polymers used in tablet coating formulations are expensive. To keep coating costs down, formulators add maltodextrin as a secondary film-former. Maltodextrins not only extend the film-forming properties of the main polymer but add gloss and enhance the color while simultaneously increasing the solids content of the formula.
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