The market is experiencing fast-paced growth owing to high demand from infant food, bakery items, ice creams, confectioneries, dairy products, sports drinks, and various food products. Rising adoption in personal care products as a binding agent, absorbent, emulsion stabilizer, film-forming agent is boosting the market growth. In addition to this, wide application industries, advanced extraction techniques and favorable regulation on the use of maltodextrin are spurring the market growth. Rising global demand for beer leading to increase in a number of breweries is further pushing the market demand. Moreover, increasing global population, rising demand for food and growing inclination of the potential population towards processed food products are again propelling the market growth.
The latest report by Value Market Research expects the Global Maltodextrin Market to reach USD XX.X billion by 2022. It was valued USD XXX billion in 2030. The report foresees a 7% CAGR from 2022 to 2030.
MD 15 EMERGED AS THE LEADING PRODUCT SEGMENT
In 2018, MD 15 led the product segment by accounting the highest market share. 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.
FOOD AND BEVERAGE DOMINATED THE APPLICATION SEGMENT
By application, food & beverage led the segment in 2018. Growing demand from processed food, sports supplement, infant food, animal feeds, confectioneries, ice creams, and bakery products to enhance mouthfeel and properties of the food products is driving its demand. Growing population, increasing focus towards processed food, rising adoption of organic food additives are some of the factors pushing the segment growth.
NORTH AMERICA DOMINATED THE REGIONAL MARKET
Geographically, North America led the market in 2018. Growing demand for instant drinks and ice creams has driven regional market growth.
KEY VENDORS OF THE MARKET
Some of the prominent players of the market are ADM, Agrana Group, Avebe, Cargill Inc., Grain Processing Corp, Henan Feitian, Ingredion, Matsutani, Roquette, Tate & Lyle, WGC and Zhucheng Xingmao.
As per this study the Global Maltodextrin Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of X%.
Maltodextrin is a polysaccharide that is used majorly as sweetener, thickener, and stabilizer to improve the taste, texture and shelf life of the packaged food products. It is a white colored, tasteless powder that is produced from starchy substances such as potato, corn, wheat, and rice. Majorly it is used in meat substitute, sugar substitute, cooked cereals, baked goods, energy and sports drinks.
Market Dynamics
The market is experiencing rapid growth owing to growing demand for packaged foods, bakery products, and sugar-free sweeteners. Maltodextrin is the safer alternative for diabetic patients. Hence, growing prevalence and shift in consumer's preference towards packaged and baked goods are again contributing the market growth. Moreover, rising usage in instant drinks, ice cream, shakes, frozen desserts are further boosting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of maltodextrin.
Market Segmentation
The broad maltodextrin market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Source
- Corn-Based
- Wheat-Based
- Potato-Based
- Cassava-Based
- Others
By Form
- Spray-Dried Powder
- Instantized/Agglomerated
By Application
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Daily and Fine Chemicals
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for maltodextrin in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Maltodextrin Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the maltodextrin market include Hunan Er-Kang Pharmaceutical Co., Ltd (China), American Key Food Products (U.S.), Cargill, Incorporated (U.S.), SPAC Starch Products (India) Ltd (India), Ingredion Incorporated (U.S.), Maltodextrin Starch Industry Co., Ltd (Thailand), Eiamheng Maltodextrin Starch Industry co., LTD. (Thailand), Psaltry International Limited (Nigeria), Dadtco Philafrica B.V. (South Africa), Maltodextrin Vietnam (Vietnam), Lentus Foods & Agro Ltd (Nigeria), kengSeng Group Of Company (China). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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