The global polydextrose market share is likely to generate a revenue of nearly US$ 226.6 million in the year 2023.
Based on FMI’s projections, the market is anticipated to expand at a 4.1% compound annual growth rate (CAGR) between 2023 and 2033. This projection states that the value of the polydextrose market is predicted to reach US$ 338.4 million by the end of 2033.
Growing knowledge of the benefits of utilising polydextrose sweeteners, such as their higher fibre and lower calorie contents, is the main factor influencing the industry. The market is also being driven by consumers’ priorities changing to health maintenance and by an increase in the demand for prebiotics made of polydextrose.
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The sales of polydextrose are also anticipated to benefit from expanding areas of application in the food and beverage sector. Furthermore, an uptick in corn cultivation activities and a rise in food processing industries are the supply-side factors propelling the growth of the polydextrose market.
Key Takeaways from the Global Polydextrose Market Study Report
- The estimated size of the United States polydextrose market is US$ 43.7 million in the year 2023. As per the market report, it is expected to progress at a 2.6% annual growth rate and reach US$ 56.7 million by 2033.
- China’s polydextrose market is expected to grow at a higher CAGR of 5.9% than any other country over the next ten years. By the end of this forecast period, this regional market is poised to reach a valuation of US$ 42.5 million.
- In the European region, the demand for polydextrose in Germany is anticipated to reach US$ 20.6 million by the end of 2033. The sales of polydextrose in Germany are projected to witness a year-on-year growth rate of 3.3% during these forecast years.
- India is another noteworthy region with surging demand for polydextrose fiber supplements in the Asia Pacific region. The regional market is anticipated to grow at 4.6% CAGR during the forecast years and reach a valuation of US% 5.3 million by its conclusion.
- Over the forecast years, the polydextrose powder segment examined in the report is anticipated to register a 2.4% CAGR. Meanwhile, the growth of the liquid polydextrose segment is readjusted to a higher CAGR over the coming ten years.
- Based on end-use, the use of polydextrose sweeteners as dietary supplements is growing promisingly in the present market. As per the report, this segment is projected to grow at an annual rate of 5.7% over the forecast years.
Competitive Landscape for the Polydextrose Market Players
Tate & Lyle PLC, Danisco (DowDuPont Inc.), Cargill Inc., The Scoular Company, Baolingbao Biology, Samyang Corporation, Golden Grain Group Limited., Foodchem International Corporation, Shandong Bailong Chuangyuan Bio-Tech Co., Ltd., Henan Tailijie Biotech Co., Ltd, and Rajvi Enterprise Private Limited among others are some of the key players in the global polydextrose market.
- Businesses have been shown to get into arrangements with producers of food and drinks in an effort to increase their sales of polydextrose supplements. Moreover, substantial marketing is anticipated to raise consumer knowledge about polydextrose soluble fiber and hence enhance demand for it in the future.
- In 2017, Tate & Lyle Company updated its production line and increased production levels at its STA-LITE® Polydextrose factory in China,. This facility in Nantong currently has a capacity that is almost three times greater than it had earlier.
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Market Segments Covered in Polydextrose Industry Analysis
By Form :
- Powder Form
- Liquid Form
By End Use :
- Bakery & Confectionery
- Breakfast Cereals
- Snacks & Bars
- Dairy Products
- Desserts & Ice Cream
- Soups, Sauces, & Dressings
- Spreads & Fillings
- Beverages & Dairy Drinks
- Dietary Supplements
- Animal Feed and Pet Food
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