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Maltodextrin Market by Product (MD 30, MD 20, MD 15, and MD 10), By Application (Pulp & Paper Industries, Pharmaceutical, Food & Beverage, and others), and Region, Market Share, In-Depth Analysis, Detailed Overview, and Forecast, 2023 to 2028

Published: March, 2023
ID: 4515
Pages: 175
Formats: report pdf report excel report power bi report ppt

Maltodextrin Market Size, Share, Growth (2023-2028)

Maltodextrin market was estimated at USD 4.34 Billion in 2023 and is anticipated to reach an extent of USD 6.06 Billion by 2028, recording a CAGR of 6.90% 

Maltodextrin produced from starch is a polysaccharide that is used as an additive in the food and beverage industry. The benefits that maltodextrin offers are the main reason for its great demand in the market. Maltodextrin is easy to digest, is moderately sweet or almost tasteless, and has an absorptive power similar to glucose. Hence, it is known to be the key derivative of starch in the food industry. It is used as a thickener, binder, and flavoring agent in many food products. It is also used in the production of soft drinks and sweets. Therefore, the food and beverage industry is the main consumer of maltodextrin and its demand is expected to increase in the near future. Due to the unique properties of maltodextrin, it finds application in a wide range of end-use industries. The binding property associated with maltodextrin increased its application in the making of tablets. Tablets, like capsules, are made from maltodextrin. Therefore, the pharmaceutical industry reports strong demand for maltodextrin in the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

6.90%

Segments Covered

By Product, By Application, and By Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Tereos Syral, Tate and Lyle Plc, Roquette Freres, Ingredion Incorporated, Cargill Incorporated, The Archer Daniels Midland Company (ADM), and among others

Recent Developments

  1.  Tate and Lyle expanded their Shanghai Food Applications Laboratory to meet the developing needs of solid food and soft drink buyers.

  2. Ingredion Inc introduced an extended line of mortgage glucose syrup in the United States and Canada.

  3. ADM has acquired a production plant from Tate & Lyle PLC (UK) in Morocco. This acquisition enables the company to reach clients within the region and around the world.

Maltodextrin Market Drivers and Restraints

The expansion of the food and beverage industries around the world is fueling the demand for maltodextrin in the global marketplace. In recent years, it has been observed that maltodextrin manufacturing companies are constantly advancing in production technology.

In addition, they offer wide applications of maltodextrin. The use of maltodextrin has been observed to be aimed at increasing in chemical industries. Also, it should appear as an opportunity for market players during the forecast period. The use of maltodextrin in animal feed is also an important factor in the growth of the global maltodextrin market. This factor is supposed to increase the need for maltodextrin in the world market by the end of 2024. Since then, both people in developing and developed countries have become aware of their healthy diets. Also, this factor is expected to increase the use of maltodextrin in people. Other than that, maltodextrin has a wide range of applications. Maltodextrin products are used in many foods and beverages, such as cold drinks, ice cream, milk, candy, and others. Additionally, food manufacturing companies use maltodextrin over regular sugar due to its sugar-free composition. These factors are supposed to improve the demand for maltodextrin in the global maltodextrin market during the outlook period. However, health problems related to the use of maltodextrin products, such as problems related to blood sugar and excess fat, are among the main factors that are holding back the growth of the global maltodextrin market.

Maltodextrin Market Segmentation

MD 15 dominated the product segment by having the largest market share. The growing demand for personal care products such as thickeners, moisturizers, stabilizers, foaming agents, and fillers is driving the growth of the segment. The burgeoning cosmetics industry, due to increased awareness and spending on personal care, skincare, and hair products, especially among women, is further driving growth in the segment.

By application

  • processed foods

  • sports supplements

  • baby food

  • animal foods

  • confectionery

  • ice cream

baked goods to improve mouthfeel and the properties of food products stimulate your demand. Population growth, the growing focus on processed foods, and the increasing adoption of organic food additives are some of the factors driving the segment's growth.

Impact of COVID-19 on Maltodextrin Market

Today, as the entire nation grapples with the problem of a global recession, all sectors are in an unprecedented situation where they are forced to make difficult decisions that could have colossal tax effects on their businesses. Outlets that will continue to exist will do so with significantly less seating capacity and reduced overall demand due to public perception and reduced unjustified departures, further impacting the number of employees needed. The return of migrant labor to their country of origin will also affect the availability of skilled labor and there may be a shortage of people who are well adjusted to the limited jobs available. It will be a two-sided problem for both operators and F&B employees. As per the industry experts, this phase is survival of the fittest. By being forced to endure this challenge, the F&B sector does so for the benefit of the entire community, although it will take some time to recover from losses incurred during the closing phase. While the strong performance in the last quarter will be austere, expectations for a strong rebound in the days after the close are not predictable and will be a daunting task. The road to profitability will not be easy and companies will need to adopt innovative and more efficient methods of doing business and creating new sources of income to maintain their presence in the market.

Maltodextrin Market Regional Analysis:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East and Africa

The North American market for maltodextrin is expected to account for the largest share of target market revenue and is foreseen to maintain its dominance for the next 10 years. The growing demand for packaged and ready-to-eat food products, high disposable incomes, and the presence of prominent players are factors that are likely to drive the growth of the maltodextrin market in the region. The Asia-Pacific region market is expected to grow at a rapid pace in the global maltodextrin market in the coming years. This is due to population growth, associated with the increase in per capita income and the growth of the food, pharmaceutical, and other industries in the countries of the area.

Key Players

  1. Tereos Syral

  2. Tate and Lyle Plc

  3. Roquette Freres

  4. Ingredion Incorporated

  5. Cargill Incorporated

  6. The Archer Daniels Midland Company (ADM)

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FAQ's

What Can Be The Size Of The Maltodextrin market By 2028?

The Maltodextrin market Can be Predicted Reach a Valuation of USD 6.6 Billion by 2028.

What Can Be The Compound Annual Growth Rate Of The Maltodextrin market ?

Maltodextrin market Can Expand With A CAGR 6.90 % in a given Forecast Period.

Mention The Major Key Players In Maltodextrin market ?

Tereos Syral, Tate and Lyle Plc, Roquette Freres, Ingredion Incorporated, Cargill Incorporated, The Archer Daniels Midland Company (ADM), and among others

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