Maltodextrin Market has been projected to expand at a CAGR of 5.0% to reach the value of US$ 5.87 Bn in 2031
As per the latest research by FMI, the 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 maltodextrin supplement 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 gluten 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 supplements, 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,” says a FMI analyst.
Key Takeaways from Maltodextrin Market Study
Key Drivers
Key Restraints
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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,
Some of the key players operating in the market profiled by FMI are:
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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:
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Key Questions Covered in the Report
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 16, 2023