Maltodextrin is a polysaccharide that is commonly used as a carrier and processing aid in various food and pharmaceutical products. It is easily soluble in water and has widespread applications in the food industry as a stabilizer, thickening agent and texturizer. The demand for maltodextrin is rising in various food segments such as convenience foods, confectionery, snacks and dairy products owing to its desirable functional properties.
The global maltodextrin market is estimated to be valued at US$ 3,571.9 million in 2021 and is expected to exhibit a CAGR of 5.1 % over the forecast period (2021-2028).
Key Takeaways
Key players operating in the maltodextrin market are Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Roquette Frères S.A., Tate Lyle Plc, Penford Corporation, Grain Processing Corporation, Zhucheng Dongxiao Biotechnology Co., Ltd., and Tereos Syral S.A.S. These players are focusing on product innovation and geographical expansion to gain a competitive edge in the market. With rising demand for functional foods and beverages, opportunities lie in developing value added maltodextrin products for specific applications. Major players are also actively pursuing global expansion strategies across emerging and developed economies to tap the growing demand for maltodextrin.
The Maltodextrin Market Growth is expected to witness lucrative growth opportunities with rising number of health-conscious consumers and growing demand for low glycemic index products. Manufacturers are focusing on producing specific maltodextrin variants suitable for protein powders, nutritional bars and other sports nutrition and clinical applications. Advancements in production technologies are allowing players to offer customized maltodextrin solutions matched to the requirements of various industrial sectors.
Market drivers and restrain
the key driver for maltodextrin market is increasing demand from food and beverage industry. Maltodextrin is widely used as a stabilizer, thickening agent and texturizing agent in various food and beverage products. It imparts desirable mouthfeel and texture. The growth of convenience foods, bakery & confectionery and packaged foods is driving the demand for maltodextrin. However, availability of substitutes such as corn syrup solids and tapioca syrup is a major challenge. Manufacturers are offering application specific and specialty maltodextrin grades to differentiate themselves and overcome this restraint. Strict labelling regulations also restrain the use of maltodextrin as a standalone ingredient.
Segment Analysis
The Maltodextrin market is dominated by the spray dried sub segment. Maltodextrin has wide range of applications in food and beverages industry as a binding, filling and stabilizing agent. Spray dried maltodextrin is preferred for applications that require uniform sizing and easily dispersible powder such as instant beverages, baked goods etc. The easy storage and handling of spray dried maltodextrin makes it the dominating sub segment in the market.
Global Analysis
On the basis of region, North America is projected to hold the largest share in global maltodextrin market during the forecast period. The rising penetration of processed and packaged food and beverages industry is supporting the growth of maltodextrin market in the region. Asia Pacific is estimated to grow at the fastest pace during the forecast period. China, Japan and India are the major contributors to the maltodextrin market growth in Asia Pacific region. Availability of raw materials and growing demand from end use industries such as food and beverages, pharmaceuticals and others are propelling the maltodextrin market in Asia Pacific.
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