Dextrin is a colorless, order less, tasteless, gummy, and low molecular carbohydrate which is specially used in food, pharmaceutical, textile, and others industry. It is formed as a result of hydrolysis of either starch or glycogen. Dextrins are the mixture of polymers of D-glucose units linked by glycosidic bonds. Starches are mostly found in plants. Dextrin used in food is mostly made from non-wheat sources such as rice, potatoes, and tapioca. Dextrin can be available in gluten free which is helpful for maintaining the sugar level. There are various health benefits of dextrin as it is a high source of soluble fiber. Fiber is helpful for weight loss, better skin health, higher bone density, and lower cholesterol.
The global dextrin market was valued at US$ 2,785.80 Mn in 2021 and is expected to reach US$ 4,032.7 Mn exhibiting a CAGR of 3.4% during the forecast period 2022-2030.
Drivers:
Increasing health consciousness consumer base in globe
Increasing health consciousness consumer base can help to boost the global dextrin market growth in upcoming years. Dextrin has a high source of fiber which is a natural detoxifier and linked to lower risk of caners such as colon and liver cancer. Fiber provides filling without contribution taste or viscosity. The over consumption of sugary products has led to increased cases of high blood pressure, obesity, diabetes, and heart diseases. Dextrin is not digested as well as absorbed in human small intestine thus it doesn’t affect the blood sugar level.
Rising the demand of dextrin in healthcare and pharmaceutical industry
In the healthcare and pharmaceutical industry dextrin has a various health benefits such as dextrin with saline solution can dehydrate the body and help to lower down the diabetes. Dextrin can reduce the bad cholesterol (LDL) level to support the cardiovascular health and help to maintain the good cholesterol level (HDL). Rising the demand of dextrin in healthcare and pharmaceutical industry can propel the market growth in forecast period.
Figure 1. Global Dextrin Market Revenue Share (%), By Application, 2021
Among application, food held a dominant position in the global dextrin market in 2021, accounting for 29% market revenue share, followed by pharmaceutical and industrial industry. Because of the pandemic peoples are more focusing on the startups that can rising the demand of food manufacturing unit in the globe that helps to propel the global dextrin market growth in the forecast period.
Market Restraints
High cost of dextrin food product
High cost of dextrin food product is one of the major restraining factors in the global dextrin market. Consumption of synthetic dextrin leads to illness such as diarrhea and gas which restraint the global dextrin market growth in upcoming years. There are various side effects of dextrin such as rapid breathing, low blood phosphate, and loss of consciousness which can hampered the global dextrin market growth in forecast period.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 2,785.80 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 3.4% | 2030 Value Projection: | US$ 4,032.7 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Archer Daniels Midland Company, Cargill, Inc., Tate & Lyle, Roquette Frères S.A, Ingredion Incorporated, American Key Products, Inc., Meelunie B.V, Agridient Inc., Emsland Group, and Avebe. |
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| Restraints & Challenges: |
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Market Trends
Rising awareness about the medical advantages
Rising awareness about the medical advantages of dextrin can boost the market growth worldwide. Dextrin is used to thicken many products in food industry such as soups and baby foods which can helps to propel the global dextrin market growth in upcoming years. For instance, in May 2020, a supplier of food and beverages ingredients ‘Tate & Lyle’ announced that increasing the demand of shelf-stable foods and ingredients used in packaged in Europe and North America regions have positively influenced the global dextrin market growth.
Increasing the demand of ready-to-eat food products
Increasing the demand of ready-to-eat food products including bakery and confectionary product due to hectic lifestyle can drive the global dextrin market growth in forecast period. Furthermore, in December 2021, Cargill Inc. a food manufacturing company acquired the Croda’s bio based industrial units for expanding their natural derived solution for consumers globally.
Figure 2. Global Dextrin Market Revenue Share (%), By Type, 2021
Among Type, the Cyclodextrin segment held a dominant position in the global dextrin market in 2021, accounting for 30% of market share. Cyclodextrins are dietary fibres which is useful for controlling the body weight and blood lipid profile is expected to drive the segment growth in the global dextrin market.
Global Dextrin Market - Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 has positively as well as negatively affected the global dextrin market. Due to lockdowns, countries are banned to travel and shutdown of business can reduce the economic and industries growth of the developing countries. Disruption in raw materials supplies and freeze the supply chain during the pandemic global dextrin market witnessed the lower growth. However, the increased consumption of dextrin includes products during COVID-19 can boost the market growth, owing to different taste and flavor in the bakery products. Due to COVID-19, consumers are more concerned about their immune health, energy metabolism, systematic inflammation, weight level, and their current lifestyles.
Competitive Section
Major players operating in the global dextrin market include Archer Daniels Midland Company, Cargill, Inc., Tate & Lyle, Roquette Frères S.A, Ingredion Incorporated, American Key Products, Inc., Meelunie B.V, Agridient Inc., Emsland Group, and Avebe.
Dextrin is an example of carbohydrate. It is a high source of fiber which is also considered a prebiotic. Increasing demand of dextrin in textile industry can help to boost the global dextrin market growth in forecast period. Moreover, dextrin are made by heating dry starch with or without acid. Most dextrin are used as adhesives for paper products. Only white dextrin are used in prepared foods. White dextrin are made by heating a dried and acidifies starch. Moreover, wheat dextrin as a dietary fiber helps in improving digestion. Nowadays, people are more health conscious and shifting towards the fat free products and wheat dextrin is used as a substitute for fat in dairy products.
Market Dynamics
In the food industry, dextrin is used as a food thickener in packaged sauces, soups, and baby food. Dextrin is widely utilized in the paper and textile industries such as China, Japan, and India. There are various health benefits of dextrin such as maintenance of digestive health and balancing healthy blood sugar level. For instance, in April 2021, the provider of ingredients to the food, beverages, brewing, and pharmaceutical industries, Ingredion Incorporated’ acquired a pneumatic tools supplier company, Katech for increase their sales and expand their business in Asia Pacific. Additionally, in February 2020, a food manufacturer, Earthinks launched New Gravure Inks in the global market. The new gravure inks are made from natural ingredients such as soy, starch, sugars, dextrin, and other polysaccharides.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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