Glucose, Dextrose and Maltodextrin Market driven by increasing demand for aerated and non-aerated beverages

The global market for glucose, dextrose and maltodextrin is segregated on the basis of product, form and application. Based on product, the global market is segregated into glucose, dextrose and maltodextrin. Glucose held majority market share in 2016 and is expected to witness a steady growth rate during the forecast period. This is attributed to high demand for bakery items, packaged foods, and infant foods that has resulted in the need for higher production for glucose solids and syrups. Dextrose is forecast to witness the fastest growth rate during the forecast period, owing to rise in use in the pharmaceutical industry. Based on form, the global market for glucose, dextrose and maltodextrin market is segregated into syrup and solid. Solid form held majority market share in 2016 and is expected to witness a stable growth rate during the forecast period. This is attributed to high demand for solid form of glucose, dextrose and maltodextrin in baby foods and processed food and beverages. Based on application, the global market for glucose, dextrose and maltodextrin is segregated into food & beverage, cosmetic/personal care, pharmaceutical, paper & pulp industry and others.

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Food & beverage held majority market share in 2016 and is anticipated to witness a substantial growth rate during the forecast period. Food & beverages have multiple applications such as in confectionery, bakery items, energy drinks and convenience foods. The food & beverage industry is expanding globally and therefore the demand for glucose, dextrose, and maltodextrin for the manufacturing of innovative products is rising. Therefore demand for glucose, dextrose and maltodextrin is rising substantially. Pharmaceutical is anticipated to witness the most rapid growth rate during the forecast period owing to high demand in production of dietary supplements and other drugs to increase blood sugar levels.

The global market for glucose, dextrose and maltodextrin is characterized by stiff competition owing to the presence of large number small local players in the industry in various regions. Major drivers driving the global glucose, dextrose and maltodextrin market include increasing demand for aerated and non aerated beverages. They are used as sweeteners and additives in various beverages and rise in demand for beverages is in turn driving the global market for glucose, dextrose and maltodextrin. They are also used as thickening agents in multiple thick beverages. Growing demand for convenience foods is also driving the global market for glucose, dextrose and maltodextrin market. Glucose and dextrose are used widely in convenience food products which in turn, are driving the market for glucose, dextrose and maltodextrin market globally. However, increasing demand for gum which is a direct substitute for glucose, dextrose and maltodextrin as thickening agent, stabilizer and coating is hindering market growth substantially in the global market. Emerging markets of Asia Pacific and Middle East & Africa have great opportunities in the global market for glucose, dextrose and maltodextrin.

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Geographically, the global market for glucose, dextrose and maltodextrin is segregated into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific held majority market share in 2016 and is anticipated to hold its dominance throughout the forecast period. It is also anticipated to witness the most rapid growth rate during the forecast period. This is attributed to the changing food habits of consumers in emerging nations such as China and India.

Major players of the global glucose, dextrose and maltodextrin include Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Penford Corporation (U.S.), Ingredion Incorporated (U.S.), Roquette Frères (France), Tate & Lyle PLC (U.K.), Emsland-St?rke GmbH (Germany), AGRANA Investment Corp (Austria), Grain Processing Corporation (U.S.) and AVEBE U.A. (The Netherlands) among others. Key strategies that are adopted by the key players include mergers, strategic acquisitions and new product launches among others.

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