Enjoy complimentary customisation on priority with our Enterprise License!
The maltodextrin and maltodextrin syrup market size is projected to increase by USD 1.33 billion, at a CAGR of 5.36% between 2023 and 2028.
In North America, maltodextrin syrup is a versatile ingredient, widely utilized in the food, pharmaceutical, cosmetic, and personal care industries. Functioning as a sizing and thickening agent, bulking agent, binding power, and viscosity-increasing agent, its applications span various sectors such as food and beverage, cosmetics, pharmaceuticals, and paper industries. The US, Mexico, and Canada are major contributors to tapioca demand in the region. In the US, maltodextrin, derived from corn, potato, or rice, is regulated under FDA GRAS standards. The robust pharmaceutical market in the US, driven by substantial healthcare spending, fuels investments and demand for maltodextrin. Additionally, the thriving US food and beverage industry, propelled by consumer spending on processed foods, contributes to the demand for sugar substitutes, further supporting the regional maltodextrin market. AGRANA BEteilgungs enhances this maltodextrin and maltodextrin syrup market with offerings like Agenamalt and Agenanova, aligning with global market trends and forecasts.
The Maltodextrin and Maltodextrin Syrup Market shows an accelerated CAGR during the forecast period.
To get additional information about the market, Request Free Sample
Increasing consumption of packaged food and processed food is notably driving the market growth. Maltodextrin is mainly used as a thickener or filler to increase the volume of processed food. It also works as a preservative that increases the shelf life of packaged foods. Maltodextrin is a common ingredient in packaged foods, such as pastries, candies, and soft drinks. It can also be combined with artificial sweeteners to sweeten products such as canned fruits, desserts, and powdered drinks. Maltodextrins are used in dairy products, confectionery, frozen desserts, cereal baked goods, and meat products due to their ability to form soft, spreadable with melt-in-the-mouth properties.
Furthermore, various seasonal food products can be available throughout the year. Companies operating in the market are trying to expand their frozen food offerings through new product launches and geographical presence. Therefore, the rising demand for packaged food and processed food will drive the growth of global maltodextrin and maltodextrin syrup market during the forecast period.
Applications of maltodextrin in the crop protection segment are an emerging trend shaping the market growth. Maltodextrin used in crop protection maltodextrin is used as a horticultural insecticide both in the field and in greenhouses. It has no biochemical action and is cost-effective. They are physically acting organic insecticides made from starch, vegetable oil, and water when sprayed as dilute solution upon the pest insects. Numerous research studies have documented the increase of beneficial insects in fields and plots treated with a sugar-water solution, suggesting applying this solution as a biocontrol method for reducing pest populations. Researchers at Utah State University Applications found that beneficial insect counts were made immediately and one week after applying a sugar-water solution.
however, beneficial insects were 70% higher in sugar-treated plots than in untreated plots immediately after application and twice as high in sugar-treated plots one week after application. Such benefits will increase the adoption of maltodextrin as an insecticide, which, in turn, will boost the growth of the global maltodextrin and maltodextrin syrup market during the forecast period.
Digestive discomfort concerns while consuming maltodextrin is a significant challenge hindering the market growth. The quick digestion and colonic fermentation of maltodextrin may put some people at risk for digestive distress. Chains of glucose molecules make up maltodextrin, a carbohydrate that the digestive system breaks down and absorbs quickly after consumption. Gases can be produced when colonic bacteria quickly ferment maltodextrin in some people, especially those with sensitive digestive systems or conditions such as irritable bowel syndrome (IBS).
Moreover, it is noteworthy that there are individual differences in the way that people react to maltodextrin and that gut health, overall diet, and pre-existing digestive disorders all play a part. Seeing a doctor or registered dietitian can help identify specific triggers and offer guidance on managing digestive health if a person routinely feels uncomfortable after consuming products containing maltodextrin. These factors will limit the global maltodextrin and maltodextrin syrup market during the forecast period.
The dry form segment has the largest market share in the global maltodextrin and maltodextrin syrup market during the forecast period. In its dry form, maltodextrin is a carbohydrate made of starch, usually from potatoes, corn, and wheat or rice. In the global maltodextrin and maltodextrin syrup market, it is a widely used powder that is both versatile and easily digestible. Further, dry maltodextrin is used in industrial applications, pharmaceuticals, and personal hygiene products in addition to the food industry. Its many uses include a filler, binder, and source of carbohydrates. The various uses of this dry powder to improve texture, stability, and general quality in a wide range of products is what propels the global maltodextrin and maltodextrin syrup market. Thus, the dry form segment will have high growth in the global maltodextrin and maltodextrin syrup market during the forecast period.
The market share growth by the food and beverages segment will be significant during the forecast period. Maltodextrin is in high demand in the food industry, mainly for its useful physical properties, which depend on the dextrose equivalent. Maltodextrin is used in food and beverage industries for its functional properties such as good solubility, bulking agent, binding power, non-hygroscopicity, reduced browning, thickening agent providing viscosity, freezing point control, ease of digestion, and source of carbohydrate with neutral or slightly sweetness.
The food and beverage segment was the largest and was valued at USD 1.59 billion in 2018
For a detailed summary of the market segments Request for Sample Report
Further, maltodextrin carbohydrates have many applications and are superior flavour carriers. Properties such as low osmolality make them an ideal carbohydrate source for sports drinks, infant formulas, and nutritional products. Increasing awareness of the health benefits of low-sugar and gluten-free food has increased its demand in many developed and developing countries. Such factors will increase the growth in the food and beverages segment of the global maltodextrin and maltodextrin syrups market during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period
Get a glance at the market share of various regions View PDF Sample
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In North America, maltodextrin is commonly used as a sizing and thickening agent, coating bulking agent, binding power in food and beverage and cosmetic and personal care products, diluent and viscosity increasing agent in pharmaceuticals, coating in paper and paperboard, and other industries. Further, maltodextrin is derived from corn, potato, or rice and is considered a gluten-free food additive. North America will be the largest contributor to the global gluten-free food market in 2021.
In addition, the market in the region is expected to witness rapid market growth and trends due to factors such as the rising incidence of celiac disease and the increasing options of gluten-free foods in restaurants. The US is among the major countries in the region with high prevalence and incidences of celiac disease, followed by Mexico and Canada. Such factors will increase the adoption of maltodextrin which in turn drive the market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The Maltodextrin and Maltodextrin Syrup Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including AGRANA BEteilgungs AG, Archer Daniels Midland Co., Azelis SA, Bluecraft Agro Pvt. Ltd., Cargill Inc., Grain Processing Corp., Gujarat Ambuja Exports Ltd., Gulshan Polyols Ltd., Ingredion Inc., Kent Corp., Lifeasible, Matsutani Chemical Industry Co. Ltd., Merck KGaA, PPZ NOWAMYL S.A., Pruthvis Foods Pvt Ltd., Roquette Freres SA, Sanstar Bio Polymers Ltd., Santa Cruz Biotechnology Inc., Tate and Lyle PLC, and Tereos Participations
Maltodextrin and Maltodextrin Syrup Market growth analysis market report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The maltodextrin and maltodextrin syrup market research and growth, market analysis, and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market trends and analysis and growth opportunities from 2018 to 2028.
Maltodextrin And Maltodextrin Syrup Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.36% |
Market Growth 2024-2028 |
USD 1.33 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.26 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGRANA BEteilgungs AG, Archer Daniels Midland Co., Azelis SA, Bluecraft Agro Pvt. Ltd., Cargill Inc., Grain Processing Corp., Gujarat Ambuja Exports Ltd., Gulshan Polyols Ltd., Ingredion Inc., Kent Corp., Lifeasible, Matsutani Chemical Industry Co. Ltd., Merck KGaA, PPZ NOWAMYL S.A., Pruthvis Foods Pvt Ltd., Roquette Freres SA, Sanstar Bio Polymers Ltd., Santa Cruz Biotechnology Inc., Tate and Lyle PLC, and Tereos Participations |
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 the 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. |
BUY NOW Full Report and Discover more
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.