Maltodextrin Market: Global Industry Analysis And Forecast (2023-2029)

Maltodextrin Market size was valued at US$ 4.15 Bn. in 2022 and the total Maltodextrin revenue is expected to grow at 7.8% from 2022 to 2029, reaching nearly US$ 7.02 Bn.
Maltodextrin Market Overview:
Maltodextrin is a carbohydrate, but it undergoes several procedures. It is a white powder made from rice, corn, wheat, or potato starch. Its creators cook it first, then add acids or enzymes to further break it down. The finished product is a white powder that is water soluble and has a neutral flavor. The powder is added to the items listed above to substitute sugar and improve texture, shelf life, and flavor. The resultant white powder is water-soluble and tasteless. Maltodextrins are chemically similar to corn syrup solids, except for their sugar concentration. Maltodextrin has been authorized as a safe food ingredient by the United States Food and Drug Administration (FDA). It is also included as part of the total carbohydrate count in the nutritional value of food.



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Report Scope

The report investigates the Maltodextrin market's drivers, limitations, prospects, and barriers. These dynamics of the market are identified through secondary research and their market revenues are determined through primary and secondary research. Bottom-up approaches are used to collect and analyze the market size. Secondary research involved a study of key players' financial and annual reports, press releases, international blogs, etc. while primary research was done through interviews with key opinions of highly skilled persons, managers, CEOs, etc.

The MMR report includes recommendations for the investor and new entrants based on a thorough examination of the Maltodextrin market's contemporary competitive scenario. The report further covers the Maltodextrin market's segments by Source, Form, Applications, and Region. The data provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020.
Maltodextrin Market Dynamics:
The rise in beverage consumption is a major growth driver.

Maltodextrin is one of the common sweeteners. The growth of the soft drinks sector supports the need for cereal sweeteners. Soft drink consumption is rapidly increasing in the Asia Pacific and South America's emerging countries. Although saccharose sugar or low-calorie syrups can be used to sweeten juices and aerated beverages, maltodextrin syrups are commonly favored. This is due to the low cost of syrups as well as technical properties such as viscosity enhancement and improved visual appearance of food items. Moreover, maltodextrin demand is expected to rise during the forecast period because it is utilized as a thickening and filling agent in beverages and is a vital component in sports drinks.

Maltodextrin is a fat reduction ingredient.

The increased demand for low-calorie packaged foods is driving the demand for maltodextrin as a fat-reducing component. For example, using maltodextrin instead of starch-based sweeteners reduces the overall carbohydrate content in the final food product, which is greatly desired by health-conscious customers. Maltodextrin is an important bulking and carrier substance that provides desired texture and viscosity to a wide range of food items. Additionally, it serves as an excellent fat substitute in a variety of foods. In addition, the increasing availability of low-cost maltodextrin in emerging regions is increasing market growth.

The increasing prevalence of Celiac disease is a key restraint for market growth.

Wheat maltodextrin is not appropriate for gluten-free products. Customers with celiac disease are not able to consume the same. Celiac disease, also known as celiac sprue or gluten-sensitive enteropathy, is an immunological response to the protein gluten, which is present in wheat, barley, and rye. Hence, the increased frequency of celiac disease is expected to restrain maltodextrin market growth. Additionally, Maltodextrin has a high glycemic index (GI), which indicates that it might produce an increase in blood sugar levels.

The increased demand for gums as a substitute for Maltodextrin is a key restrain for market growth.

The growing preference for gums such as gum Arabic, guar gum, xanthan gum, and locust bean gum over starch-derived goods is creating a market constraint. Food and drinks stabilized using gum sources be more stable than those stabilized with modified starches. Gums pose a danger to starch derivatives in a variety of food and beverage applications, where they are also used to avoid sugar crystallization. The growing desire for gums may restrict the use of maltodextrin in the food industry. Gums give functional advantages to food and beverage items in addition to flavor, texture, and stability.
Maltodextrin Market Segment Analysis:
By Source, the corn-based maltodextrin segment held the largest market share and is expected to maintain its dominance at the end of the forecast period. This is due to, increasing the use of corn-based thickeners in sports nutrition supplements. Corn maltodextrin is an affordable food ingredient that improves food texture, flavor, and shelf life. Corn maltodextrin is used as a carbohydrate source to substitute lactose, the natural carbohydrate present in milk, in several solutions and medicinal formulae. It possesses various qualities that make it an advantageous baby formula component. These reasons are driving the sales of corn-based maltodextrin.

In addition, the Cassava-Based maltodextrin segment is expected to grow rapidly during the forecast period because it is gaining popularity among consumers as a suitable alternative for corn-based maltodextrin. Maltodextrins may be produced from a variety of complex carbohydrates. Tapioca is a starch derived from the cassava plant's root. Cassava is a significant food source in underdeveloped nations. However, in baby formula, tapioca maltodextrin is not utilized. Cassava includes two toxic chemicals that must be eliminated before it may be consumed. It is not used in the newborn formula since it must be detoxified before consumption. These factors may restrain the growth of the segment.



By Applications, the Food and Beverage segment held the largest revenue share of about xx% in 2022 and is expected to grow rapidly during the forecast period. Maltodextrin is frequently used as a diluent in medicinal sachets and other single-unit dosage formulations. Because of its inherent polymeric nature, it is a good binder for direct compression. Because of these considerations, the use of maltodextrin in the food and beverage industry is expected to increase. Maltodextrin is used as a sugar substitute and nutritional supplement in the manufacture of a variety of food products such as candies and gum, creams, baked products, and so on. It is also used to improve the flavor and quality of drinks, jelly and jam, and honey, as well as to extend the shelf life. Thus, changes in dietary habits and a preference for snacks and desserts where Maltodextrin is utilized as an effective sweetening ingredient boost Maltodextrin utilization in the food and beverage market.
Maltodextrin Market Regional Insights:
The Asia Pacific region is expected to be the fastest-growing region in the maltodextrin market during the forecast period, owing to increased demand for low-caloric food and widespread affordability and availability of maltodextrins. Moreover, the Asia Pacific region's rapidly growing convenience food and personal care sectors have increased the consumption of maltodextrin products. The China maltodextrin market had the highest revenue share of xx% in 2022, but the consumption of maltodextrin in Japan is expected to grow at a higher rate during the forecast period. Rising urbanization and industrialization in China have resulted in consumers' stressful and chaotic lifestyles. This fast-paced lifestyle has resulted in new eating patterns that deviate from the traditional three-square dinner table meals. Asian consumers are increasingly interested in healthy beverages made from plant-based components. All of these factors would result in an increase in the China maltodextrin market during the forecast period. In 2022, India held around 25% share of the Asia Pacific maltodextrin market. Increased trade in corn-based maltodextrin, wheat-based maltodextrin, and cassava-based maltodextrin within the Asia-Pacific region would drive growth in the Indian market.



The North American market is expected to grow significantly during the forecast period because Plant-based food additives are becoming increasingly popular as consumers grow more health-conscious in the market. Additionally, there is an increase in demand for American-made cheese. This is aiding the growth of the maltodextrin market in advanced economies while maintaining a steady growth rate in developed markets due to strong demand. Maltodextrin is in great demand in North America because of its prevalence in the sports and food and beverage industries. In addition, the European market is expected to come third in terms of growth during the forecast period because of the increased demand for plant-based sports drinks. Meanwhile, as in the United States and Canada, health and fitness expenditure would continue to drive maltodextrin demand in Europe.

The objective of the report is to present a comprehensive analysis of the Maltodextrin market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Maltodextrin market dynamics, and structure by analyzing the market segments and projecting the Maltodextrin market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Maltodextrin market make the report investor’s guide.
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Global Maltodextrin Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.15Bn.


Forecast Period 2023to 2029 CAGR:
7.8 %
Market Size in 2029:
US $ 7.02 Bn.


 Segments Covered:
by Source
Corn-Based
Wheat-Based
Potato-Based
Cassava-Based
Others (Rice, Banana)


by Form
Spray-Dried Powder
Instantized / Agglomerated


by Application
Food and Beverages
Cosmetics and Personal Care
Pharmaceuticals
Daily and Fine Chemicals
Others



Maltodextrin Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Maltodextrin Market Key Players
1.Cargill Incorporated
2. The Archer Daniels Midland Company
3. Tate & Lyle Plc
4. Roquette Freres SA
5. Penford Corporation
6.Grain Processing Corporation
7. Tereos Syral
8. Zhucheng Dongxiao Biotechnology Co., Ltd
9. Feitian
10. San Soon Seng Food Industries Sdn Bhd
11. NOWAMYL
12. AGRANA Beteiligungs-AG
13.Matsutani Chemical Industry Co, Ltd
14. Others

FAQs:

1. Which is the potential market for Maltodextrin in terms of the region?
Ans. The Asia-Pacific is the potential market for Maltodextrin in terms of region.

2. What are the opportunities for market growth?
Ans. The growing demand for organic and natural foods for newborn formula due to their health benefits is increasing the need for GMO-free starches in baby food and infant formula.

3. What is expected to drive the growth of the Maltodextrin market in the forecast period?
Ans. The rise in beverage consumption is a major growth driver.

4. What is the projected market size & growth rate of the Maltodextrin Market?
Ans. Maltodextrin Market size was valued at US$ 4.15 Bn. in 2022 and the total Maltodextrin revenue is expected to grow at 7.8% from 2023 to 2029, reaching nearly US$ 7.02 Bn.

5. What segments are covered in the Maltodextrin Market report?
Ans. The segments covered are Source, Form, Applications, and Region.