North America Maltodextrin Market Report and Forecast 2024-2032

North America Maltodextrin Market Outlook

In 2023, North America produced nearly 1.17 million metric tons of maltodextrin. The market is forecasted to grow at a CAGR of 4.5% between the period 2024-2032 to reach 1.74 million metric tons by 2032.

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Globally, the market is being driven by the expanding food and beverages industry, which accounts for nearly 60% of the global application of maltodextrin. It is aided by a rising demand for maltodextrin in downstream products like ice-cream, milk powder, and instant drinks, among others. Maltodextrin is used as a bulking agent in artificial sweeteners. A growing health consciousness among the consumers in both developed and emerging markets will also propel the maltodextrin market forward with people looking for healthy and sugar-free food alternatives.

The market for maltodextrin is dependent on the climate of its feedstock. In North America, corn is the major feedstock for maltodextrin with the US being a leading producer of corn globally. The US accounted for about 36% of the global corn production, producing 371 million metric tons in the period 2017-2018. The US also produced 5% of the world’s potato between 2017 and 2018, thus, producing more than 20 million metric tons of another major maltodextrin feedstock between 2017-2018.

Properties and Applications

Maltodextrin is a polysaccharide that is derived through the partial hydrolysis of starch and is commonly used as a food additive. Being easily digestible, having a rapid absorption rate, and having a mild to nil sweetness, it finds extensive application in the food and beverage industries. It is added to processed food products like soft drinks, ice-creams, candy, energy drinks, and infant foods, among others.

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The common application sectors for maltodextrin are:

• Food and Beverage
• Pharmaceutical
• Health and Personal care
• Agriculture
• Others

Maltodextrin is used in the agriculture sector as an insecticide, finding application in the fields as well as greenhouses. In the pharmaceutical industry, it is used as diluents in tablets, and as a coating material for nutraceuticals microencapsulation.

Corn and corn starch, cassava and cassava starch, potato and potato starch, and wheat and wheat starch are the common feedstocks of maltodextrin covered in the report. The report analyses the US and Canada maltodextrin market.

Market Outlook

A growing food and beverages industry in the region will drive the maltodextrin market in North America. The rising demand for high-intensity sweetener will also aid the growth of the maltodextrin market in the continent as maltodextrin is widely used as a bulking agent in artificial sweeteners. The region leads in the sugar substitute market, accounting for 37% of the market in 2017 with sucralose being the major sweetener consumed in the region. The sugar substitute industry, and consequently the maltodextrin industry, in the region is being driven by an increasing concern over the rising number of people suffering from obesity. In 2017, almost 37.7% of the population in the US were suffering from obesity.

While the demand for carbonated soft drinks, where maltodextrin finds substantial application, has declined in the US, the decline in the domestic demand has been offset by the rising demand from overseas markets like Mexico, which has led to a growth in carbonated drinks export. The beverage industry in the US is dominated by the alcoholic beverages segment, which is further aiding the maltodextrin market in the region. The polysaccharide is added to alcoholic beverages to enhance their mouthfeel. It also finds extensive application in processed foods like instant noodles, and the US is one of the largest markets for instant noodles, globally.

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Price Trends

The prices of maltodextrin are heavily dependent on the prices of its feedstock. In the US, wheat prices have been estimated to increase between 2018 and 2020, due to poor crop condition in major wheat-producing regions, and a lower than expected production of wheat in Kansas, a significant wheat producing area.

Competitive Landscape

The report analyses the following key players in the North America maltodextrin market, looking into their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions:

• Cargill, Incorporated
• The Archer Daniels Midland Company
• Ingredion Incorporated
• Roquette Frères
• Tate & Lyle PLC
• Tereos S.A.
• Grain Processing Corporation
• The Agrana Group
• Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces.

Key Highlights of the Report