The global maltodextrin market is evaluated to be sized at US$ 4,134.20 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a solid clip, registering a CAGR of 4.8%. By 2034, the maltodextrin market is anticipated to have reached a value of US$ 6,583.00 million.
Maltodextrin is gaining traction in the food & beverages industry. It is extensively being used as thickener, stabilizer, and filling agent for manufacturing various products such as soft and instant drinks, ice cream, and gelatins owing to its excellent texturizing, emulsifying, and non-crystallizing properties. Hence, increasing demand for the aforementioned products is estimated to create lucrative sales opportunities in the market.
A number of players in the market are focusing on expanding their production capacity to capitalize on these opportunities. For instance, Cargil, Inc., announced investing US$ 40 Mn to expand its production facility in Davangere, Karnataka in 2018. This will assist the company to increase its production of maltodextrin, glucose, and starches from 800 TPD to 1200 TPD. A multiplicity of such developments is anticipated to drive the demand by 4.8% year-on-year growth in 2021.
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Among source verticals, the corn-based segment is projected to outpace the others, expanding at 4.3% CAGR over the assessment period. The primary factor driving the market is increasing demand for low-cost food additives to improve the flavor, texture, shelf life of foods.
“Increasing demand for powdered sugar substitutes and approval on using maltodextrin in baby food products and sports nutrition by Delegated Regulation No. 2016/127 in European Union are expected to accelerate the growth in the market,” Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways from Maltodextrin Market Study
- The market in the U.S. is anticipated to account for the dominant share in North America, surging at a CAGR of 6.1% during the assessment period.
- Sales in the Europe market are forecast to expand at 4.8% CAGR through 2034, owing to the increasing demand for sports beverage products in Germany, France, and the U.K.
- China is expected to emerge as a highly remunerative market, creating incremental opportunities of US$ 413.6 Mn by the end of 2023.
- 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 2023.
- In terms of form, the spray dried powder segment is estimated to lead the market, accounting for around 63% of the demand share between 2024 and 2034.
Key Drivers
- Increasing use of maltodextrin as diluents in sachets and single-unit dose formulations across the pharmaceuticals sector owing to its intrinsic polymeric structure is increasing the sales in the pharmaceuticals industry.
- Rising application of corn-based maltodextrin in the production of baby food products as it helps in balancing intestinal osmolality and maximizing hydration in infants is propelling the demand across the corn-based segment.
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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.
Recent Developments in the Maltodextrin Market
- In July 2022, Grain Processing Corporation took over Natural Products, Inc. The market giant increased its presence in the competitive landscape to an even higher degree through the acquisition.
- In September 2022, a new maize wet mill was opened in Pandaan, Indonesia by Cargill. Maltodextrin was one of the products whose increased production was targeted by the company with the opening of the plant.
- Also in September 2022, Givaudan Active Beauty launched the New Purple 2364 vegan pigment, with maltodextrin as one of its ingredients.
- In June 2022, BASF introduced two new products as part of its Care Creations range, called the Probiolift and the Postbiolift. Both contain maltodextrin and ease the process of skin aging in elderly people.
- In July 2021, Science in Sport launched the Beta Fuel line of products, which includes energy gels and energy drinks containing maltodextrin.
- In November 2020, Silab launched the Acnesium natural active. The product uses maltodextrin to prevent signs of acne.
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
Key Coverage in the Maltodextrin Market Report:
- Maltodextrin Market Size and Share Analysis
- Market Study on Maltodextrin
- Maltodextrin and Maltodextrin Syrup Market Report
- Maltodextrin suppliers assessment
- Food-grade maltodextrin market coverage
- Starch derivatives market comparative analysis with maltodextrin market
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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