Maltodextrin Market Size - By Source (Corn-Based, Wheat-Based, Potato-Based, Cassava-Based), Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Industrial Applications), Grade, Growth Prospects, Regional Outlook & Forecast, 2024 -

Maltodextrin Market Size - By Source (Corn-Based, Wheat-Based, Potato-Based, Cassava-Based), Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, Industrial Applications), Grade, Growth Prospects, Regional Outlook & Forecast, 2024 - 2032

The global maltodextrin market is anticipated to grow at a CAGR of 4.6% during 2024-2032, driven by evolving consumer preferences, versatility across industries, and increasing demand for sports & energy drinks.

According to an article by The Food Institute in 2023, 72% of respondents, as per a good-natured survey, increased their consumption of ready-to-eat meals in 2023. In Q2, DoorDash set a record with 532 million orders, a 26% increase in gross value to $16.5 billion. The increasing demand for convenience foods and beverages will favoring the product adoption. Maltodextrin, known for its ability to enhance texture, stabilize flavors, and improve mouthfeel, has become a preferred ingredient in the food & beverage industry. Additionally, the rising popularity of sports and energy drinks, where maltodextrin is utilized as a carbohydrate source for quick energy release, further stimulates market growth.

The global maltodextrin industry is classified based on source, application, grade, and region.

The potato-based source segment is poised to witness a decent growth till 2032, driven by a preference for natural and plant-based ingredients. Potatoes, being a rich and sustainable source, provide manufacturers with a clean label solution, meeting the growing demand for transparency in food products.

The pharmaceuticals application segment is anticipated to grow at an unprecedented rate during the forecast period, owing to the widespread product usage. Maltodextrin serves as an excipient in the formulation of various drugs, providing stability, controlled release, and improved drug delivery. As pharmaceutical manufacturers increasingly seek ingredients that meet stringent quality standards, maltodextrin emerges as a reliable and inert carrier in the production of tablets, capsules, and other dosage forms.

Asia Pacific maltodextrin market size is set to expand rapidly through 203, driven by a remarkable economic growth and a shift in consumer lifestyles. The booming food & beverage industry and the increasing adoption of maltodextrin in various applications is favoring the market outlook. Moreover, the pharmaceutical sector with a rising emphasis on healthcare and drug development is pushing the ingredient demand, creating a conducive environment for market players to explore & expand in the region.