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Maltodextrin Market Drivers, Restraints, Potential Growth Opportunities, Vendor Competitive Landscape, Trends and Forecast 2018-2025
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Another crucial factor that is propelling the global maltodextrin market is the usage of maltodextrin in animal feed. As, population of developing as well as developed countries are consciously inclining towards more healthy diet. This has boosted the use of maltodextrin among people. Along with this, this market has wide spectrum of applications. Maltodextrin products are also used in food and beverage items such as cold drinks, milk, candy, ice-creams and others.
Moreover, number of food manufacturing companies are growing which use maltodextrin as its composition is sugar free. These factors have consolidated the overall market and led to the overall market growth. However, rising health issues with exceeding maltodextrin products such as blood sugar and extra fat may deteriorate the global maltodextrin market.
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The most dominant region of global maltodextrin market is North America. The higher demand comes from food market and sports drink. North America is followed by Europe, as the demand for instant drink and ice cream is comparatively very higher. The demand for maltodextrin comes heavily from the U.K., France and Germany. Asia Pacific is anticipated to be the fastest growing market for the maltodextrin. The countries which drive the demand are China and India. Whereas regions including South America, Central Europe and Latin America are expected to show lowest demand for maltodextrin in the forthcoming years.
Global Maltodextrin Market segmentation based on source includes wheat, rice, corn, tapioca and potato. Based on application, the global maltodextrin market classification includes Food and Beverages Industry, Cosmetic Industry, Pharmaceutical Industry and Chemical Industry. Out of which, most dominant segment is food & beverage and expected to grasp a remarkable CAGR by 2025. Likely, higher demand for confectionary & bakery, flavored soups & dry mixes and dairy products is envisioned to propel the growth of global maltodextrin market. Moreover, escalating concerns for potential health threats of genetically modified organisms (GMO) starches is likely to foster positive market growth over the forecast period.
In the global maltodextrin market, key players are enlisted which includes Cargill Inc., Tate & Lyle Plc, Penford Corporation, The Archer Daniels Midland Company, Grain Processing Corporation, Ingredion Incorporated, Roquette Freres SA, Tereos Syral and Zhucheng Dongxiao Biotechnology Co., Ltd.
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Key segments of ‘Global Maltodextrin Market’
Based on end-user, the market has been segmented into,
Food & Beverage
Pharmaceuticals
Paper and Pulp Industries
Others
Based on product type, the market has been segmented into,
Maltodextrin and Corn Syrup Solids
Tapioca Maltodextrin and Tapioca Syrup Solids
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