Newly released report on global maltodextrin market by Future Market Insights (FMI) estimates that the maltodextrin market will register year-on-year (YoY) growth of 4.8% to reach US$ 3.61 Bn in 2021. The market has been projected to expand at a CAGR of 5.0% to reach the value of US$ 5.87 Bn in 2031
Maltodextrin sales in the food and beverage industry will grow by 3.5% in 2021. The The increasing demand from downstream products such as milk powder, ice cream, and other instant drinks will fuel maltodextrin consumption.
The maltodextrin market has been recording a moderate growth rate and is likely to upkeep its pace during the forecast period. Among the other market trends that our analysts have found, an increasing number of applications of maltodextrin is anticipated to drive the growth. Besides the use of maltodextrin in food and beverages for improving the texture, it has been finding its use in baby food as well.
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Since there is a growth in dual working households, it is expected that demand for nutrition-rich infant food and meals is going to proportionately increase during the forecast period. In addition, maltodextrin has also been used for sports nutrition. As maltodextrin is a fast-digesting carbohydrate, it is finding its use in sports drinks and snacks for sportsperson.
Other than sports, cosmetic, chemicals, and pharmaceuticals are some other end-use areas, creating a demand for maltodextrin. Several studies have found that maltodextrin can be used as a regular panacea for the treatment of hypoglycemia. In such a condition, maltodextrin has a property to quickly raise the blood sugar level.
The increasing demand for GMO-free starches in baby food and infant formula due to consumers’ inclination towards organic and natural food for their kids is creating growth opportunities for the market. Major players in the U.S. baby and infant formula market such Abbott, Nestlé, and Mead Johnson Nutrition were repeatedly petitioned to remove GMO ingredients from their respective baby food products. This showcases the growing demand of maltodextrin in baby food product as it is considered to be a good source of energy for baby. It also helps in balance intestinal osmolarity which may get altered by intestinal disorders in infants. Therefore this factor is anticipated to drive the maltodextrin market over the forecast period.
“Over the past few years an increasing number of consumers are steadily looking for food with healthier, trustworthy, and plant-based ingredients. This has made manufacturers shift towards the natural ingredients to cater to the growing demand. Impelled by the scenario, key players are focusing on research and development to find another natural source for maltodextrin.” says an FMI analyst.
Who is winning?
Some of the key players operating in the maltodextrin market ADM, Kraft, Luzhou, Matsutani, Mengzhou Jinyumi, Nowamyl, Ingredion Incorporated, Qinhuangdao Lihuang, Roquette Freres SA, Tate & Lyle Plc, Tereos Syral, Archer Daniels Midland Company, WGC, Xiwang, Zhuchen Runsheng, Zhucheng Dongxiao, Zhucheng Dongxiao Biotechnology Co., Ltd., Zhucheng Xingmao, Grain Processing Corporation, Gulshan Polyols Ltd., and Henan Feitian.
Market Segments Covered in Maltodextrin Market Analysis
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
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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Key Questions Answered in the Report
How much is the maltodextrin market worth?
Currently maltodextrin market is worth more than US$ 3.61 Bn.
At what CAGR is the maltodextrin market expected to grow?
The maltodextrin market is expected to grow at a CAGR of around 5.0% during the period 2021-2031.
How did the maltodextrin market perform in the last five years?
In terms of revenue, maltodextrin market grew at a CAGR of around 3.6% during 2016-2020
What are the key trends boosting maltodextrin sales?
An increase in private label brands, steady increase in demand for maltodextrin in sports and infant nutrition industry, and rising demand for the maltodextrin by beverage industry are the latest trends observed in the market.
How much do top ten maltodextrin market players contribute towards sales?
The top 10 producers of maltodextrin hold around 30-50% of the market share.
Which are the major countries driving demand for maltodextrin?
The U.S., EU-5, Brazil, India and China are the major countries driving demand for maltodextrin.
At what rate will the U.S. maltodextrin market grow?
The U.S. maltodextrin market is projected to grow at a CAGR of around 4.3% over the next ten years.
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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