Glucose, Dextrose and Maltodextrin Market - Global Industry Growth, Trends and Forecast 2017 - 2025
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Solid glucose, dextrose and maltodextrin 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 glucose, dextrose and maltodextrin 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. Food & beverage held majority market share in glucose, dextrose and maltodextrin market in 2016 and is anticipated to witness a substantial growth rate during the forecast period. Food & beverages have multiple applications in glucose, dextrose and maltodextrin 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 in glucose, dextrose and maltodextrin market 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 glucose, dextrose and maltodextrin industry in various regions. Major drivers of 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. Glucose and dextrose are used widely in convenience food products which in turn, are driving the market for glucose, dextrose and maltodextrin globally. However, increasing demand for gum which is a direct substitute for glucose, dextrose and maltodextrin as thickening agent, stabilizer and coating is hindering glucose, dextrose and maltodextrin market growth substantially globally. Emerging markets of Asia Pacific glucose, dextrose and maltodextrin and Middle East & Africa glucose, dextrose and maltodextrin have great opportunities in the global market for glucose, dextrose and maltodextrin.
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 glucose, dextrose and maltodextrin market 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.
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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-Stirke 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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