Maltodextrin Market Research Report Forecast to 2030
The Maltodextrin market is projected to register a CAGR of 4.62% during the forecast period. The wide use of maltodextrin in different applications like food and drinks, drugs, horticulture, and a lot more are supposed to fuel its market growth during the gauge time frame.
Maltodextrin is made from maltose, polysaccharides, oligosaccharides, and glucose. Hydrolysis of starch, refinement, and splash drying are steps in the development of maltodextrin, which is 15-20% equivalent to dextrose. Maltodextrin is one of the fake sugars with a gentle, sweet taste. Maltodextrin is regularly utilized as a food-added substance and is accessible in different bundled food sources, for example, seasonings, oat, potato chips, treats, soups and sauces, canned natural products, snacks, flavor blends, prepared merchandise, instant pudding, salad dressings, nourishment bars, sauces, yogurt, without sugar sugars, cake blends, and feast substitution shake among others.
Aside from the food and drink industry, maltodextrin is additionally facing extremely more popularity in the pet food, and creature feed industry owing to its useful properties like stabilizing, thickening, anticaking, and bulking.
Market Segment InsightsThe Maltodextrin Market segmentation, based on source, includes corn, wheat, potato, and others.
The Maltodextrin Market data has been bifurcated by form into spray-dried powder and agglomerated. Based on application, the global market has been segmented into food & beverages, pharmaceuticals, cosmetics & personal care products, and agriculture.
Regional InsightsThe North America Maltodextrin market accounted for USD 1.60 billion in2018 and is expected to exhibit a 4.25% CAGR during the study period. This is mainly owing to the increased preference for sugar-reduced products and low-calorie food products among consumers increasing over the years. Food & beverage manufacturers are also launching low-calorie products in line with the government initiatives in the region including the sugar tax; National Salt and Sugar Reduction Initiative; National Strategy on hunger, nutrition, and health; etc. are expected to fuel the demand for the maltodextrin used in such products which are anticipated to boost the growth of the market. According to the Cleveland Clinic article on gluten intolerance, around 6% of the US population is tolerant of gluten consumption.
The Asia-Pacific Maltodextrin Market accounts for the second-largest market share in2018. This is mainly owing to the increasing disposable income in and changing lifestyles in key economies like China, India, Singapore, Australia, New Zealand, and Japan among others are impacting the demand for various food & beverage products and personal care items.
Europe Maltodextrin market is expected to grow at a CAGR of 4.62% from 2018-2030. Consumer research conducted among teenagers on sugary drinks in Europe and Ireland by the Dental Health Foundation Ireland has highlighted that around 11% of the lowest class group of children are consuming sugary soft drinks daily.
Major PlayersKey Companies in the Maltodextrin market include Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle, Tereos, Zhucheng Dongxiao Biotechnology, Agrana Beteiligungs-AG, Roquette Freres, Grain Processing Corporation, and Lehmann Food Ingredients.
Companies MentionedCargill Incorporated
Ingredion Incorporated
Archer Daniels Midland Company
Tate & Lyle
Tereos
Zhucheng Dongxiao Biotechnology
Agrana Beteiligungs-AG
Roquette Freres
Grain Processing Corporation
and Lehmann Food Ingredients
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