Global Polydextrose Market - 2022-2029

Global Polydextrose Market - 2022-2029:

Market Overview

Polydextrose Market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 5.8% during the forecast period (2022-2029).

Polydextrose is a kind of soluble fiber that has high molecular weight. Although it is made from starch, it has cost as the commercialization of polydextrose is expensive. It is also known as the synthetic polymer found in glucose which has the potential to be fully dissolved. Polydextrose is basically a soluble fiber that is widely used in variety of food applications.

Rise in awareness about the health benefits of polydextrose among the consumers is increasing the demand for polydextrose in food industry. For example- polydextrose can reduce calorie content of the foods and it is used to replace the glycemic carbohydrates such as sucrose. It also supports healthy gut function contributing to the improvement of gut health. Furthermore, polydextrose can be added to infant formulas so that the composition is similar to breast milk, which helps support digestion in formula-fed children.

Thus, owing to these benefits the demand for polydextrose in various food industries has increased globally.

Market Dynamics: Rise in awareness about the health benefits of polydextrose is driving the growth of global polydextrose market

Rise in the awareness about the health benefits associated with the use of polydextrose such as low calorie content and enhanced fibre content is the major factor that will influence the market growth.

In addition, the rising demand for nutritional and dietary supplements and shift of consumer preferences for maintaining better health, increase in the volume of cultivation activities of corn and rise in the focus on reducing the consumption of calorie, fat and sugar intake from the consumers are the driving factor for the growth of polydextrose market.

Furthermore, the rising areas of application for this product in the food manufacturing and processing industry will provide beneficial opportunities for the growth of polydextrose market.

Consumer demand for healthy & food has witnessed exponential growth in recent years. Due to increased consumer preferences for healthy and nutritious food products, along with this, the increased preference for food with low calories is anticipated to witness significant growth in the coming years.

Furthermore, there has been sudden increase in health conscious people after covid-19 pandemic, since consumers are becoming more aware about their health & wellness. Thus, the high nutritional value, and health benefits of polydextrose & polydextrose based products is fueling the market growth in coming years.

Thus, the increased awareness about the health benefits and nutritional content and other applications of polydextrose increases its demand in the market which ultimately has helped the market to grow in coming years.

However, some side effects associated with polydextrose such as gas, bloating and diarrhea, along with growing competition between the market players and varying standards around the world is expected to restraint the market growth.

Market Segmentation: Powder stands for the highest share in global polydextrose market

In 2021, the powder segment had the highest revenue share of more than YY percent. The increasing demand for polydextrose in powder form in industries such as bakery & confectionary, owing increased awareness about the easy availability & health benefits of polydextrose is driving the growth of powder segment coupled with a rise in demand for bakery, confectionary and dairy products.

In 2021, the bakery & confectionary segment had the highest revenue share of more than YY percent. The key manufacturing companies focus on establishing the polydextrose based bakery & confectionary items with easy availability. Various companies also offer bakery products on their own websites and through various channels. Thus, the variety of applications associated with polydextrose increases its demand in the market thereby helps the market to grow in coming years.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of almost YY percent. The region has well-developed food & beverage industries, where the demand for healthy and nutritious food is increasing.

Consumers in U.S. prefer to eat healthy products with good nutritional content variety of health benefits which again adds to the growth of the market.

The region has fragmented into various industries. In addition, polydextrose is also used in majority of the food service sectors as an ingredient. Thus, the increased usage of polydextrose in variety of applications is driving the growth of the market.

Competitive Landscape:

The global Polydextrose market is competitive and comprises players such as Tate & Lyle PLC, Dupont Nutrition & Health, Baolingbao Biology, CJ CheilJedang Corp., Van Wankum Ingredients, Shandong Minqiang Biotechnology, Huachang Pharmaceutical, Danisco and Henan Tailijie among others. The polydextrose market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications. Moreover, rising research and development activities of product innovation for health conscious people and consumers' preference for natural forms of products are also expected to propel market growth.

COVID-19 Impact:

Negative impact on the global polydextrose market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food and beverages is among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants.

In addition, the closures of the companies, production facilities, and various factories in various countries have disrupted the whole supply chains. It has negatively impacted manufacturing activities, delivery schedules, and various goods sales. Multiple companies have already announced possible delays in product deliveries and a decline in future sales of their products.

Furthermore, the restrictions on the import-export restrictions imposed by governments in various regions such as North America, Asia, and Europe are hindering geographical expansion, business collaboration and partnership opportunities. Thus, these factors are hindering the growth of the polydextrose market.

The global polydextrose market report would provide an access to approximately 39 market data tables, 29 figures and 172 pages