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The dextrin market share is expected to increase by USD 450.35 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.1%.
This dextrin market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dextrin market segmentation by end-user (food, pharmaceuticals, cosmetics, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The dextrin market report also offers information on several market vendors, including Cargill Inc., Cooperatie Koninklijke Avebe U.A., Emsland Starke GmbH, GlaxoSmithKline Plc, Ingredion Inc., Meelunie BV, Oxygen Essentials For Life, Parchem Fine and Specialty Chemicals, Roquette Freres SA, Sanstar Bio Polymers Ltd., Sunar Egypt, Tate and Lyle Plc, and Visco Starch among others.
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The growing global pharmaceutical industry is notably driving the dextrin market growth, although factors such as growing demand for fresh foods may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dextrin industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Dextrin Market Driver
The growing global pharmaceutical industry is one of the key drivers fueling the dextrin market growth. Primarily, the factors such as increasing healthcare awareness and the growing knowledge of healthcare conditions among people with the help of the internet are increasing the sales of over-the-counter drugs. The pharmaceutical industry in Southeast Asian countries such as Vietnam, Indonesia, and the Philippines remains untapped. These countries witness a huge demand-supply gap for pharmaceutical products. For instance, healthcare spending in Vietnam reached nearly $22 billion in 2020, which is an increase of 40% when compared with that in 2013. Therefore, the growth of the pharmaceutical industry is expected to drive the growth of the global dextrin market during the forecast period.
Key Dextrin Market Trend
Rising demand from the gluten-free food segment is one of the key drivers supporting the dextrin market growth. The health benefits of gluten-free foods include improved cholesterol levels, improved digestion, and reduced inflammation of the intestine. They also benefit children with autism as they are sensitive to peptides and proteins in foods that contain gluten and casein. Also, the consumption of gluten-free food has increased dramatically over the past five years. For instance, an estimated 25% of Americans follow a gluten-free diet as per a study conducted in 2020. Therefore, keeping growing awareness as a key factor, the dextrin market will have a positive impact during the forecast period.
Key Dextrin Market Challenge
Growing demand for fresh foods is one of the key factors challenging the dextrin market growth. Fresh foods are not frozen and are free from preservatives. Moreover, due to the rising awareness among consumers about the health benefits of fresh foods, there is a high demand for such products across the globe. Furthermore, there has been a global shift in demand for fresh food products as opposed to frozen foods. Eating fresh produce provides an individual with enhanced energy, reduces premature aging, and helps in weight reduction. Such benefits of consuming fresh foods may challenge the dextrin market growth during the forecast period.
This dextrin market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global dextrin market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the dextrin market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the dextrin market encompasses successful business strategies deployed by the key vendors. The dextrin market is fragmented and the vendors are deploying growth strategies such as an increase in research and development (R&D) activities and new product launches to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The dextrin market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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48% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the dextrin market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rise in the demand for packaged food products among consumers across developing countries like China and India will facilitate the dextrin market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the dextrin market in APAC witnessed certain challenges due to the outbreak of the COVID-19 pandemic. However, following the outbreak of the COVID-19 pandemic, developing countries like India have been investing significantly in improving pharmaceutical manufacturing in the region, which will increase the demand for dextrin during the forecast period.
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The dextrin market share growth by the food segment will be significant during the forecast period. Some of the application of dextrin includes its use in enhancing crispness in food processing applications, especially in different types of batters, coatings, and glazes. It is also used as a raw material for manufacturing other food additives, such as pectin. Dextrin can also be made from non-wheat sources, like tapioca, rice, or potatoes. In these cases, it can be used to prepare gluten-free food. Also, the consumption of gluten-free food is rising in North America and Europe due to rising awareness about celiac disease. Such increasing use in food processing will drive the dextrin market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the dextrin market size and actionable market insights on post COVID-19 impact on each segment.
Our report provides extensive information on the value chain analysis for the dextrin market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Dextrin Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.1% |
Market growth 2022-2026 |
$ 450.35 million |
Market structure |
Fragmented |
YoY growth (%) |
2.1 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Cargill Inc., Cooperatie Koninklijke Avebe U.A., Emsland Starke GmbH, GlaxoSmithKline Plc, Ingredion Inc., Meelunie BV, Oxygen Essentials For Life, Parchem Fine and Specialty Chemicals, Roquette Freres SA, Sanstar Bio Polymers Ltd., Sunar Egypt, Tate and Lyle Plc, and Visco Starch |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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