USD 3.61 billion
Global Maltodextrin Market Size, Share, Growth Analysis, By Source(Corn-Based, Wheat-Based), By Form(Spray-Dried Powder, Instantized/ Agglomerated), By Application(Food, Beverages) - Industry Forecast 2024-2031
Report ID:
SQSG30I2033 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
96 |
Figures:
65
Global Maltodextrin Market Insights
Maltodextrin Market was valued at USD 3.61 billion in 2019, and the market size is estimated to reach USD 5.01 billion by 2031, at a CAGR of 4.8% over the forecast period (2024-2031).
Maltodextrin is a natural sugar that is often used in chewing gums, chewing snacks, diabetic sweets, and sports drink mixes. It is derived from plant starch through partial hydrolysis and is typically found as a yellowish, white spray-dried powder. Maltodextrin is a sugar that belongs to the disaccharide family. Maltodextrin, like all sugars, is made up of two fundamental units: galactose molecules and fructose molecules. The liver converts the carbohydrates into glucose, the most significant kind of energy in the body. However, glucose can also be used as an energy source during aerobic exercise, which produces fatty acids that are then stored as muscle fat.
The rising demand for low-calorie packaged foods is a major element driving the maltodextrin market's expansion. Furthermore, rising demand for maltodextrin in the cosmetic and personal care industries is boosting market growth. Furthermore, fast growth in the chemical industry is likely to fuel market growth.
US Maltodextrin Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Food and Beverages
Fastest Growth
Food and Beverages
Growth Rate
4.8% CAGR
Global Maltodextrin Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Maltodextrin Market Size By Application, 2021-2028 ($ Bn)
Global Maltodextrin Market Size By Application, 2021-2028 (%)
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Global Maltodextrin Market Segmental Analysis
The global Maltodextrin market is segmented based on source, form, application and region. Based on source, the Maltodextrin market is segmented into Corn-Based, Wheat-Based, Potato-Based, Cassava-Based, Others. Based on form, the Maltodextrin market is segmented into Spray-Dried Powder, Instantized/ Agglomerated. Based on application, the Maltodextrin market is segmented into Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Daily and Fine Chemicals, Others. Based on region, the Maltodextrin market is categorized into North America, Europe, Asia-Pacific, and MEA.
Maltodextrin market Analysis by application
In 2021, Food and Beverages segment dominated global Maltodextrin market. Maltodextrin is widely used as a thickener, stabilizer, and filler. Only 1% of the imported low DE maltodextrin is used in pharmaceutical and nutritional products. The remaining 24% of conventional maltodextrin & dry glucose syrups are used in baking, thickeners, custard, fat-based fillings, and related goods, as well as carrier applications for flavors/food components. Maltodextrin is used in chocolate drinks, flavor powders, and coffee powders as a flavoring, bodying, drying, and stabilizing agent. Energy - delayed release in sports drinks as a soluble carbohydrate source. Maltodextrin is used as a sweetener and bulking ingredient in ice cream. As a bulking agent in puddings, soups, and frozen desserts. It is used to sweeten teas, coffee, and powdered soft drinks. Maltodextrin is the most basic kind of sugar. Because of its soft mouthfeel and ease of digestion, it is utilized in infant foods, feed supplements, and geriatric cuisine. Maltodextrin helps baked items retain water, crystallize, and maintain uniformity. Maltodextrin is used as a bulking ingredient and carrier in instant mixes, puddings, and spices. As a fat substitute and taste enhancer in soups and snacks.
Global Maltodextrin Market By Application, 2021 (%), 2023 (%)
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Global Maltodextrin Market Regional Insights
North America is expected to dominate the Maltodextrin market in the forecast period. Plant-based food additives are becoming increasingly popular as consumers become more health-conscious. Furthermore, there is an increase in demand for American-made cheese. This is aiding the expansion of the maltodextrin market in emerging economies while maintaining a steady growth rate in existing areas due to high demand. Maltodextrin is in great demand in North America due to the prevalence of the sports and food and beverage markets.
Furthermore, Asia Pacific is the fastest growing market. It is a major maltodextrin consumer, accounting for around one-fifth of global consumption. China is the region's main maltodextrin market, accounting for the vast majority of maltodextrin manufacturing. The country produces more than 30% of the world's maltodextrin. China, along with India, the region's other major maltodextrin market, export excess production to Egypt and Nigeria.
Global Maltodextrin Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Maltodextrin Market Dynamics
Maltodextrin market Driver
- Maltodextrin's numerous advantages are boosting market growth
Maltodextrin is in high demand as a fat-reducing component due to the growing demand for low-calorie packaged goods. Replacing starch-based sweeteners with maltodextrin lowers the overall carbohydrate amount in the final food product, which health-conscious consumers appreciate. Maltodextrin is a significant bulking and carrier component in a wide range of food items, giving desired texture and viscosity. Furthermore, it is a good fat alternative in a range of dishes.
- Ease of availability and high application in food products
The broad availability of low-cost maltodextrin in emerging markets is hastening market growth. Several international firms manufacture high-quality maltodextrin products for the food and other industrial sectors. This is owing to increased maltodextrin use by multinational and domestic food producers. Nutritional bars, fruit beverages, Herbal Life smoothies, and quick soups are also driving the maltodextrin market forward.
Maltodextrin market Restraint
- Rising prevalence of celiac disease
Wheat maltodextrin is not suited for gluten-free products. Customers with celiac disease are unable to consume the same. Over the forecast period, the rising prevalence of celiac disease is expected to impede maltodextrin market growth. The fluctuating cost of raw materials used in the manufacture of maltodextrin is projected to impede market expansion. Furthermore, rising demand for gums as a substitute for maltodextrin is projected to impede market expansion.
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Global Maltodextrin Market Competitive Landscape
The Global Maltodextrin market is highly competitive and consists of several big players and SMEs penetrating the market. The market penetration for new entrants is high due to the presence of less stringent regulations and availability of various D2C channels such as social media (Instagram, Facebook, among others), B2C websites (Amazon, Walmart, among others).
Maltodextrin market Top Players Company Profiles
- Cargill, Incorporated (US)
- Archer Daniels Midland Company (US)
- Ingredion Incorporated (US)
- Roquette Freres S.A. (France)
- Tate & Lyle Plc (UK)
- Penford Corporation (US)
- Grain Processing Corporation (US)
- Zhucheng Dongxiao Biotechnology Co., Ltd. (China)
- Tereos Syral S.A.S. (France)
Maltodextrin market Recent Development
- In October 2021, Cargill launched rice flour-based maltodextrin substitute. The new soluble SimPure rice flour is a clean-label bulking agent that has a similar taste, texture and functionality as maltodextrin.
- In February 2021, Tate & Lyle PLC announced that it has signed an agreement to acquire an 85% shareholding in Chaodee Modified Starch Co., Ltd. (“CMS”), a well-established tapioca modified food starch manufacturer located in Thailand.
Global Maltodextrin Key Market Trends
- The rising demand for maltodextrin in the cosmetic and personal care industries is projected to open up new market opportunities in the near future. It is used in the production of cosmetics as a stabilizer and thickener. A increasing working female population and rising consumer disposable income are driving demand for beauty products. As a result, maltodextrin market growth is likely to be aided by high growth in the cosmetic and personal care markets.
Global Maltodextrin Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, Maltodextrin is used in the manufacturing of a variety of products such as a thickener, stabilizer, and filler agent. The rising demand for packaged goods, bakery items, and infant formula necessitates increased maltodextrin production. The increasing use of maltodextrin in the pharmaceutical business represents a market potential. It is utilized as a binding agent in the pharmaceutical sector to make medicines. Following COVID-19, the pharmaceutical and nutraceutical industries are expected to grow significantly in the next years (due to health & wellness acting as a key driver). This will increase the need for maltodextrin (low and medium DE) in these industries. Low, DE maltodextrin (Imported DE 3-9) has gained in demand in recent years in industries such as spreads and supplements.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.61 billion |
| Market size value in 2031 | USD 5.01 billion |
| Growth Rate | 4.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Maltodextrin Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Maltodextrin Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Maltodextrin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Maltodextrin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Maltodextrin Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Maltodextrin Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Maltodextrin Market Report Snapshots
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