Maltodextrin is a polysaccharide which is also known as white powdered starch derivative. It is a food additive that belongs to the group of complex sugar. Production of maltodextrin is carried out through partial hydrolysis of grain starch which includes wheat, corn, rice and potatoes. This method abscond the product with less than 20% of sugar therefore it is also used in sugar substitutes such as Equal and Splenda. Maltodextrin is known to have bland flavor and smooth texture. It is cheaper than any other hydrocolloids. Hence, it is used on a large scale in the food & beverages industry. In the food industry, maltodextrin is used in salad dressings, desserts, snacks, instant pudding etc. Apart from food & beverage industry, maltodextrin is also used as a binding agent in manufacture of medicines. Therefore, increasing demand for maltodextrin is reported from the pharmaceutical industry and is projected to increase in the near future.
Growing health consciousness among the people in both the developed and developing economies is driving the market growth of maltodextrin globally. Benefits of maltodextrin are driving the food manufacturers to use maltodextrin over sugar in various food products they make. Hence, food & beverage industry is the major consumer of maltodextrin in the market. Pharmaceutical industry is expected to follow food & beverage industry in terms of demand in 2015 and is expected to rise during the forecast period. Easy availability is another factor promoting the demand for maltodextrin from various end-use industries worldwide. Other applications which make use of maltodextrin for wide range of applications include papermaking, personal care & cosmetic and feed among others. These applications are also anticipated to contribute to the growing demand for maltodextrin in the global market during the forecast period from 2016 to 2021.
Maltodextrin market was valued at $ 3.1 Bn in 2015 and is expected to reach US$ 4.6 Bn by 2021, growing at a CAGR of 6.0% during the forecast period 2016-2021.
Purpose of the Report
The purpose of this strategic research study titled “Global Maltodextrin Market - Growth, Share, Opportunities, and Competitive Analysis, 2014 – 2021” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global maltodextrin market.
Target Audience
USP and Key Offerings
The report titled “Global Maltodextrin Market - Growth, Share, Opportunities, and Competitive Analysis, 2014 – 2021” offers strategic insights into the global maltodextrin market along with the market size and estimates for the duration 2014 to 2021. The said research study covers in-depth analysis of multiple market segments based on applications, functions and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading maltodextrin vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global maltodextrin market, of growth, offering market size and estimates for the period from 2014 to 2021, keeping in mind the above mentioned factors.
Food & Beverages accounted as the major application of maltodextrin market. It accounted for more than 40% share of global maltodextrin market in 2015. Maltodextrin is used on a large scale in the food industry as a filler or thickener owing to its properties such as viscosity, binding and texture among others. Increasing awareness for health and health consciousness has contributed to the rising demand for maltodextrin. Growing demand for low calorie food has gained high demand for maltodextrin from the food industry globally. Maltodextrin is added in breweries, as it increases dryness and heat retention of drink. It is fluffed to give volume to artificial sweeteners, at the same time keeping calories and weight down. Therefore, food & beverages industry is anticipated to fuel growth of global maltodextrin market. Maltodextrin is also used in manufacturing drugs and medicines. They are used as diluents in single dosage preparations such as sachets. As they possess binding property, they are also used in manufacture of few medicines and tablets. Hence, high demand from the pharmaceutical industry is another factor driving the growth of global maltodextrin market. Maltodextrin is also used in manufacture of personal care products such as facial scrubs, soaps, cleansing lotions, etc. Personal care & cosmetics is also anticipated to fuel demand for maltodextrin in the market. In addition, other applications such as feed and papermaking are also projected to fuel market demand for maltodextrin during the forecast period from 2016 to 2021.
Maltodextrin is used as an alternative to sugar. It is used for various applications in the end-use industries such as food & beverages, pharmaceuticals, feed, papermaking among others. Maltodextrin is used as sweetner, binder, additive and others. It is also serves the purpose of encapsulation of ingredients. The emulsifying, high solubility and low viscosity properties of maltodextrin have led to high demand from the above mentioned end-use industries globally. Among the functions stated above, maltodextrin is used as a sweetner on a large scale in the food industry. As mentioned, it is used as an alternative to sugar. Growing health consciousness among the population in developed as well as developing economies has led to high demand for low calorie foods and hence maltodextrin is in high demand in the market. Maltodextrin is used as binder for many applications in the pharmaceutical industry. It is used in the production of various tablets and drugs such as capsules. Hence, maltodextrin is also used as a binder and is expected to gain importance in the near future. Maltodextrin also functions as binders and as encapsulation ingredient in various other applications such as feed, personal care & cosmetics, papermaking among others. These applications are also projected to boost market demand for maltodextrin due to the functional properties which benefit the end-use industries worldwide.
North America accounted for the largest share of global maltodextrin market in 2016. Both North America and Europe accounted for more than 58% share of global maltodextrin market in 2016. Maltodextrin has become a vital ingredient in wide range of end-use industries. Growing popularity of maltodextrin over sugar has led to high demand for maltodextrin in the market. Increasing health consciousness among the population is the major factor driving the growth of global maltodextrin market. Preferable choice for low calorie food over other food has led to high demand for maltodextrin from the food & beverage industry. Easy availability is another factor to add to the demand for maltodextrin globally. Asia Pacific is also anticipated to boost market demand for maltodextrin due to high demand from the pharmaceutical and papermaking industries. Maltodextrin is used as a binder in production of various drugs and medicines and in manufacturing paper and its products. Hence, Asia Pacific is also expected to boost market growth for maltodextrin in 2016 and is expected to increase in the near future. Other regions such as Middle East & Africa, Latin America and Rest of the World are also projected to contribute to the growing demand for maltodextrin in the market due to its applications in wide range of end-use industries.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Maltodextrin market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Function
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
