Maltodextrin Market to Grow at 5% CAGR by 2031
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.
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.
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,” says a FMI analyst.
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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.
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
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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
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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