The global polydextrose market share is likely to generate a revenue of nearly US$ 226.6 million in the year 2023.
The market is expected to increase at a 4.1% compound annual growth rate (CAGR) between 2023 and 2033, according to FMI’s predictions. According to this forecast, the market for polydextrose is expected to be worth US$ 338.4 million by the end of 2033.
The primary driver impacting the market is growing awareness of the advantages of using polydextrose sweeteners, such as their greater fibre and lower calorie contents. The market is also being driven by a shift in consumer priorities towards maintaining their health and by a rise in the demand for polydextrose-based prebiotics.
With a predicted compound yearly growth rate (CAGR) of 4.1% from 2023 to 2033, the worldwide polydextrose market is expected to generate sales of around US$ 226.6 million in 2023. This increase is ascribed to growing knowledge of the advantages of polydextrose sweeteners, such as their reduced calorie content and higher fibre content. Prebiotics derived from polydextrose are also in high demand in the market, which is in line with consumers’ shifting priorities when it comes to maintaining their health.
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Key Market Dynamics:
- Diverse Applications: The food and beverage sector’s expanding applications of polydextrose contribute significantly to market growth.
- Global Presence: Notable market sizes include the United States at US$ 43.7 million (2023), China projecting a CAGR of 5.9%, Germany reaching US$ 20.6 million by 2033, and India with an anticipated valuation of US$ 5.3 million.
- Segment Insights: The polydextrose powder segment is expected to register a 2.4% CAGR, while the liquid polydextrose segment forecasts a higher CAGR over the next decade.
- End-Use Growth: Polydextrose sweeteners as dietary supplements are expected to witness a promising annual growth rate of 5.7%
Competitive Landscape:
Major players in the global polydextrose market include 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. Partnerships with food and beverage producers and strategic marketing initiatives are driving sales of polydextrose supplements.
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 Report:
- US Market: Valued at US$ 43.7 million in 2023, it is projected to grow at a 2.6% CAGR, reaching US$ 56.7 million by 2033.
- China’s Growth: The polydextrose market in China is expected to grow at a higher CAGR of 5.9%, reaching a valuation of US$ 42.5 million.
- German Market: Germany’s demand for polydextrose is anticipated to reach US$ 20.6 million by the end of 2033, with a 3.3% CAGR.
- Indian Outlook: India is witnessing surging demand for polydextrose fiber supplements, projecting a 4.6% CAGR and reaching US$ 5.3 million.
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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.
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
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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