Maltodextrin is a polysaccharide that is derivatives of starch and is popular as a food additive. It is used in the preparation of food products in the food &beverage industry. Moreover, it is also used as a binding agent in the production of medicines. It is an ideal alternative of sugar due to various health benefits it offers. Papermaking, animal feed, and cosmetic &personal care are some of the other application areas of maltodextrin.
Market Statistics:
The global maltodextrin market is expected to surpass US$ 5,063.2 Mn in terms of value by the end of 2028.
Drivers:
Increasing demand for low-caloric artificial sweeteners is boosting the adoption of maltodextrin as a bulking agent. Low-calorie sweeteners are majorly used by packaged food producers, bakery industry, and are also used across the HORECA sector. For instance, SPLENDA & EQUAL – popular low and no-calorie sweeteners – use maltodextrin along with certain dextrose to increase the density of the final product for proper quantification or measure. Thus growing demand for low-caloric artificial sweeteners is augmenting the market growth.
Market Opportunities
The growing use of maltodextrin in the pharmaceutical industry is projected to provide lucrative market opportunities in the near future. In the pharmaceutical industry, it is used as a binding agent for the production of medicines. Growing geriatric populations around the globe are creating demand for healthcare products such as medicines. Thus growth in the geriatric population and also the rising prevalence of various chronic diseases is fueling the pharmaceutical industry expansion which in turn augmenting the market growth of the maltodextrin.
To know the latest trends and insights prevalent in the Global Maltodextrin Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/maltodextrin-market-2441
Global Maltodextrin Market: Recent Developments
- In February 2021, Ingredion Incorporated and Grupo Arcor (A leading food company of Argentina) have signed an agreement to create a joint venture that will help to expand manufacturing expertise, complementary geographic footprints and commercial capabilities to broaden food and beverage ingredient offerings to customers in Argentina, Chile and Uruguay.
- In October 2019, Tate & Lyle PLC (Tate & Lyle), expanded their non-GMO MALTOSWEET Maltodextrin production capacity. At its facility in Boleraz, Slovakia to meet growing global demand.
- In April 2019, Grain Processing Corp., (GPC) started a new expansion project in Daviess County. The company is investing $70 million to expand its Washington plant. GPC is growing its operations due to increasing demand for its MALTRIN products, which the company says are "high-quality, corn based ingredients used in numerous food, pharmaceutical, and personal care applications
Market Restraints
Health concerns associated with the excess use of maltodextrin in infant formula and nutritional products are expected to hamper the market growth. Moreover, various studies conducted around the globe reveals that consumption of maltodextrin leads to weight gain, which makes it unsuitable in healthy diets. This is expected to hinder the market growth.
Global Maltodextrin Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on maltodextrin market. During initial days of pandemic F &B market and grocery stores were shut down but later it has created a massive spike in online grocery delivery services. However, major players in the maltodextrin market are looking for adopting various strategies for reimagining and reforming their business.
Key Takeaways:
- The global maltodextrin market was valued at US$ 3,398.3 Mn in 2020 and is forecast to reach a value of US$ 5,063.2 Mn by 2028 at a CAGR of 5.1% between 2021 and 2028.
- The Pharmaceutical segment was valued US$ 332.61 Mn in 2020 and is expected to witness a CAGR of 4.6% over the forecast period.
Market Trends
The growing trend of clean label starches is projected to support the market growth of the maltodextrin. A growing number of controversies associated with GMO crops is shifting consumers' preferences towards clean label ingredients. Also, growing health-conscious consumers around the globe along with the increasing awareness regarding the adverse effects of synthetic ingredients is again driving demand for clean label starches, this is turn fueling the market growth of the maltodextrin.
Increasing demand for sports and wellness nutrition among athletes is projected to fuel the market growth of the maltodextrin. Increasing participation of the people in sports activities due to growing health wellness trend is contributing to the market expansion of sports and wellness nutrition. Also, the growing obese population coupled with the increasing prevalence of other lifestyle diseases is again fueling demand for sports and wellness nutrition products, thereby augmenting the market growth of the maltodextrin.
Competitive Section:
Company Names
- 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.
- Tereos Syral S.A.S.
