Maltodextrin is a white powder starch derivative and is used as a food additive. It is produced by partial hydrolysis of grains starch such as corn, wheat, potatoes, and rice. It has a bland flavor and smooth texture which makes it suitable as food additives in the food and beverage industry. It is used in desserts, salad dressings, instant puddings, etc.
The global maltodextrin market is estimated to be valued at US$ 3,571.9 million in 2021 and is expected to exhibit a CAGR of 5.1 % over the forecast period (2021-2028).
Recent Developments:
North America held dominant position in the global maltodextrin market in 2020, accounting for 35.9% share in terms of volume, followed by Latin america and Asia pacific, respectively.
Figure 1. Global Maltodextrin Market Value (US$ Mn), by Region, 2020
Drivers:
The growing demand for low-calorie packaged food is driving demand for maltodextrin as a fat reduction ingredient. For example, the use of maltodextrin in place of starch-based sweeteners decreases the overall carbohydrate level in the final food products which are highly preferred by health-conscious consumers. Maltodextrin plays a major role as a bulking and carrier agent that offers desirable texture and viscosity to a wide range of food products. Moreover, it also acts as a perfect replacement for fat in various food items.
The easy availability of affordable maltodextrin across emerging markets is accelerating market growth. Various multinational firms are offering good quality maltodextrin products for the food and other industrial sectors. This is due to the increasing use of maltodextrin by international as well as domestic food processing manufacturers. Moreover, meal replacement products such as nutritional bars, fruit beverages, Herbal Life’s shakes, and instant soups are some of the other growth factors of the maltodextrin market.
Market Opportunities
The growing demand for maltodextrin from the cosmetic &personal care industry is projected to offer potential market opportunities in the near future. It is used as a stabilizer and thickeners in the manufacturing of cosmetics products. The increasing working female population coupled with the growing disposable income of the consumers is driving demand for cosmetic products. Thus, robust growth in the cosmetic and personal care market is projected to favor the market growth of the maltodextrin.
Growth in the chemical industry along with the increasing use of maltodextrin in various chemical reactions is expected to offer immense market opportunities over the forecast period. In 2017, the U.S. chemical industry had final sales exceeding $765 billion. Total FDI in the industry passed $700 billion in 2017. It has invested $99 billion in research and development in 2017.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2020 | Market Size in 2019: | US$ 3,571.9 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR: | 5.1% | 2028 Value Projection: | US$ 5,063.2 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Roquette Frères S.A., Tate & Lyle Plc, Penford Corporation, Grain Processing Corporation, Zhucheng Dongxiao Biotechnology Co., Ltd., and Tereos Syral S.A.S. |
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| Restraints & Challenges: |
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Market Trends
Increasing demand for organic and natural food for infant’s formula as these are healthy is propelling the demand for GMO-free starches in baby food and infant formula. Moreover, key players in the U.S. baby and infant formula markets such as Nestlé, Abbott, and Mead Johnson Nutrition were repeatedly petitioned to eradicate GMO ingredients from their baby food products. This is expected to foster the market growth of the maltodextrin over the forecast period.
Growing strategic partnerships and agreements among key manufacture for market expansion is one of the growing trends. For instance, in July 2018, Archer Daniels Midland Company (ADM) has partnered with Vedan International to launch a new line of specialty tapioca starches and tapioca maltodextrin ingredients. ADM has claimed that its new tapioca maltodextrin is non-genetically modified (non-GMO) and is also available in an organic version.
Figure 2. Global Maltodextrin Market Share, by Application, 2020
Key Takeaways of the Graph:
Market Restraints
Factor such as maltodextrin extracted from wheat is not suitable for gluten-free products. Consumers with celiac diseases cannot consume the same. The increasing prevalence of celiac diseases around the globe is expected to restrict the market growth of the maltodextrin over the forecast period.
The fluctuating cost of raw materials used in the manufacturing of maltodextrin is projected to inhibit the market growth. Also, the growing demand for gums as an alternative to Maltodextrin is again expected to hamper the market growth.
Global Maltodextrin Market - Impact of Coronavirus (Covid-19) Pandemic
Due to the extreme V-shaped recovery in most emerging nations, the maltodextrin market is fast surpassing pre-COVID levels, with a strong growth rate expected over the forecast term. To counteract the effects of the Covid-19 epidemic, key market players are implementing new tactics. Companies in the maltodextrin industry are promoting their contactless production and delivery processes, promoting USP statements, focus on product packaging, and increase the exposure of products on online platforms as critical tactics. Also, maltodextrin manufacturers are attempting to extend their distribution networks as well as grow into new locations where raw material is readily available. Manufacturers are aggressively pursuing different expansion plans, mostly in Asian areas.
Competitive Section:
Company Names
Maltodextrin, a natural sugar, is commonly used as an ingredient for chewing gums, chewing snacks, diabetic sweets, and as a sports drink mix. It's produced from plant starch via partial hydrolysis and can normally be found as a yellowish, whitish spray-dried powder. Maltodextrin belongs to the disaccharide family of sugars and its chemical formula is E=golipentaenoic acid. Like all sugars, maltodextrin has two basic units: a galactose molecule and a fructose molecule. The sugars are metabolized by the liver into glucose which is the most important form of energy in the body. However, glucose can also be used as an energy source through aerobic exercise which results in the generation of fatty acids which are then stored as muscle fat.
Market Dynamics:
Increasing demand for low-calorie packaged food is a prime factor driving the growth of the maltodextrin market. Moreover, the growing demand for maltodextrin from the cosmetic & personal care industry is again augmenting growth of the market. Furthermore, rapid growth in the chemical industry is further expected to foster growth in the market.
On the other hand, the volatile price of raw materials is expected to restrict growth of the market.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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