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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Maltodextrin Market Outlook
The global maltodextrin market size attained a value of 3.42 billion in 2023. The market is expected to grow at a CAGR of 4.83% between 2024 and 2032, reaching almost 5.23 billion by 2032.
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China, being a major producer of maltodextrin products, is expected to witness significant growth in its market. In recent years, maltodextrin use has increased in the APAC, Middle East and African regions. The market in these regions is expected to continue adding value during the forecasted period of 2023 to 2028 and would flourish at a higher CAGR of about 4.5% due to the growing use of maltodextrin products in food and as replacement of sugar.
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Maltodextrin: Market Segmentation
Maltodextrin, a polysaccharide, is derived from starch through partial hydrolysis and used as a food additive. It generally appears as a white hygroscopic spray-dried powder and is often used in soft and energy drinks, infant foods, breweries, ice-creams, candy and other types of processed foods. Some of its properties are:
- Easily digestible
- Absorbed rapidly
- Moderately sweet or flavourless
Maltodextrin is used as a horticultural insecticide both in the field and in greenhouses. It also finds usage in pharmaceuticals such as in the form of diluents in tablets and coating material for the microencapsulation of various sensitive nutraceuticals like vitamins.
Based on applications, the market is segmented into:
- Food and Beverages
- Pharmaceutical
- Health and Personal care
- Agriculture
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The largest use of maltodextrin is in the food & beverage industry followed by health & personal care, pharmaceutical and agricultural industry.
North America and Europe have been significant drivers of growth over the past years due to their increasing consumption of ice-creams, and sports and instant drinks. These regions are expected to continue to drive the market towards growth during 2024-2032.
Asia is the largest producer of maltodextrin and accounts for almost half of the global production.
Limitations: Latin America, South America and Central Europe may see a decrease in demand for maltodextrin in the years to come. Health concerns such as blood sugar, extra fat, allergic reactions, weight gain, chronic inflammatory diseases, etc. may hinder market growth. Greater demand for gums as substitutes for glucose, dextrose and maltodextrin may also limit market growth. People with gluten intolerance may also not prefer maltodextrin products.
Key Industry Players in the Global Maltodextrin Market
- ADM has introduced a new line of speciality tapioca starches and tapioca maltodextrin ingredients in partnership with Vedan International Limited. ADM’s tapioca maltodextrin is non-GMO and is available in an organic version. ADM’s tapioca modified starches are also non-GMO.
- In July 2018, Tate & Lyle introduced TASTEVA M Stevia Sweetener, a Reb M stevia sweetener which can be used for reduced-sugar products for food and beverage. The sweetener is produced from stevia leaf extracts and tastes like sugar.
The report presents a detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the global market:
- Cargill Incorporated
- Archer Daniels Midland Company
- Ingredion Incorporated
- Roquette Frères SA
- Tereos Group
- Tate & Lyle PLC
- AGRANA Beteiligungs-AG
- Matsutani Chemical Industry Co., Ltd.
EMR’s comprehensive report on the global maltodextrin market also offers additional insights on value chain analysis, manufacturing process, trade data analysis and cost breakdown and margins.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Maltodextrin Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global maltodextrin market attained a volume of about 3.42 MMT.
The market is projected to grow at a CAGR of 4.83% between 2024 and 2032.
The major drivers of the market include rising demand from industries like food and beverage, pharmaceutical and agricultural, along with rising disposable incomes, increasing population, and growing technological advancements.
The rising demand from the chemical and animal feed industries is a key trend for the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The product finds extensive applications in food and beverages, pharmaceutical, health and personal care, and agriculture, among others.
The major players in the market include Cargill Incorporated, Archer Daniels Midland Company, Shandong Xiwang Group Co., Ltd., Ingredion Incorporated, Roquette Frères SA, Tereos Starch & Sweeteners, Tate & Lyle PLC, AGRANA Beteiligungs-AG, Avebe U.A., and Matsutani Chemical Industry Co., Ltd., among others.
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