global maltodextrin market will reach US$ 3.61 Bn in 2021. Surging application of maltodextrin across cosmetics & personal care, pharmaceuticals, and daily & fine chemicals is propelling the demand in the market. Driven by this, the market is expected to total US$ 5.87 Bn by 2031, expanding at a CAGR of 5% during the forecast period 2021-2031.
Key Takeaways from the Market Study:
- Versatile Applications in Food & Beverages: Maltodextrin is gaining prominence in the food & beverages industry, where it serves as a thickener, stabilizer, and filling agent. Its extensive usage in products like soft and instant drinks, ice cream, and gelatins is driven by its remarkable texturizing, emulsifying, and non-crystallizing properties, presenting lucrative sales opportunities.
- Capacity Expansion Initiatives: Market players are strategically investing in expanding their production capacities to meet the growing demand. For instance, Cargill, Inc. invested US$ 40 Mn in 2018 to enhance its production facility in Davangere, Karnataka. Such developments are anticipated to contribute to a 4.8% year-on-year growth in 2021.
- Corn-based Segment Dominates: Among source verticals, the corn-based segment is expected to outpace others, projecting a 4.3% CAGR over the assessment period. The increasing demand for cost-effective food additives to enhance flavor, texture, and shelf life of foods is a key factor driving this market segment.
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Geographical Insights:
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- The U.S. market is poised to dominate North America, with a projected CAGR of 4.3% during the assessment period.
- In Europe, sales are forecasted to expand at a CAGR of 3.8%, driven by the rising demand for sports beverage products in Germany, France, and the U.K.
- China is expected to emerge as a highly remunerative market, generating incremental opportunities of US$ 413.6 Mn by the end of 2021.
- India is projected to hold a significant share in the Asia Pacific market, accounting for nearly 23.6% of the sales in the region in 2021.
- The spray dried powder segment is estimated to lead the market, constituting around 63% of the demand share between 2021 and 2031.
Key Drivers:
- Maltodextrin’s increasing use as diluents in sachets and single-unit dose formulations in the pharmaceutical sector due to its intrinsic polymeric structure is driving sales in the pharmaceuticals industry.
- The rising application of corn-based maltodextrin in the production of baby food products, aiding in balancing intestinal osmolality and maximizing hydration in infants, is propelling demand across the corn-based segment.
“The market is set for robust growth, driven by the expanding applications of maltodextrin in various industries and the pursuit of cost-effective food additives,” says an FMI analyst.
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Key Restraints
- Side effects associated with the consumption of maltodextrins such as weight gain, bloating, allergic reaction, rashes, gas, cramping, and others are hampering the demand in the market.
- Availability of large number of substitutes such as agar, gaur, gum, stevia, pectin, and others is hindering the sales of maltodextrin.
Competitive Landscape
As per FMI, the top 10 companies in the global maltodextrin market account for around 30% to 50% of the market share in 2021.
Leading players are focusing on introducing novel products to gain competitive edge. Apart from this, some of the manufacturers are engaging into strategic collaboration, merger, agreement, partnership, and acquisition to expand their production capacity and strengthen their market footprints. For instance,
- In 2021 Cargill, an American privately held global food corporation, announced extending its current product portfolio by launching a new rice flour-based maltodextrin substitute, SimPure. It improve mouthfeel and can be used as a one-to-one substitute for maltodextrin.
- In 2018, Archer Daniels Midland Company (ADM), an American multinational food processing announced entering into a partnership with manufacturer of fermentation-based food additive, Vedan International to offer a line of specialty tapioca maltodextrin and tapioca starches components. This partnership will assist both the companies to strengthen their footprint in the maltodextrin market.
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Some of the key players operating in the market profiled by FMI are:
- Grain Processing Corp
- Roquette
- Cargill Inc.
- Matsutani
- Archer Daniels Midland Company (ADM),
- Ingredion
- Tate and Lyle
- Agrana Group
- Avebe
- Nowamyl
- Others
More Valuable Insights on Maltodextrin Market
A new report published by FMI offers a detailed analysis of the global maltodextrin market, uncovering vital dynamics accelerating the market growth through 2021 and beyond. The survey also forecast sales projections for maltodextrin market with detailed segmentation:
By Source:
- Corn-Based
- Wheat-Based
- Potato-Based
- Cassava-Based
- Others (Rice, Banana)
By Form:
- Spray-Dried Powder
- “Instantized” / Agglomerated**
By Application:
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Daily and Fine Chemicals
- Others
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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