[PDF] Maltodextrin Market Analysis 2021 Edition

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Market Intelligence

2021 EDITION

MALTODEXTRIN MARKET ANALYSIS 2021 EDITION

INDUSTRY LEADER: Brenon Curtis Senior Healthcare Consumer Expert

CONTENT Introduction

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Key Findings

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Market Dynamics

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Covid-19 Impact

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By Source Type

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By End User

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By Region

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About Us

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INTRODUCTION M

altodextrin is a polysaccharide that is always used as a food

additive. It is produced from various starches, such as corn, rice, potato, wheat, mandioc etc, by partial hydrolysis with the value of DE below 20%. And it is usually found as a white hygroscopic spray-dried powder. The worldwide market for Maltodextrin is expected to grow at a CAGR of 4.90% over the forecast years, will reach USD 4,037.86 million in 2024, from USD 3,178.61 million in 2019.

There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

The competition in Maltodextrin market will become more intense. The technical barriers of Maltodextrin are relatively low, which leads to a relatively low market concentrated rate.

Global Maltodextrin Machine - Market Size (USD Million), 2017-2025

Source: Š2021 Goldstein Market Intelliigence

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KEY FINDINGS

Changing Demographics

• Maltodextrin is preferred as a healthy additive across diverse industries such as food and beverages, pharmaceutical, chemical, and cosmetic & personal care industries. This rising use of maltodextrin has resulted into its rising demand. Exhibiting a moderate CAGR of 4.90%, the global maltodextrin market will surpass USD 4.24 Billion mark by 2025.

• Corn-based maltodextrin is expected to hold over 50% of the global maltodextrin market. Corn is high quality and an easily available source of maltodextrin. Therefore, the rising demand for artificial sweeteners in the food and beverage industry is expected to bode well for the cornbased maltodextrin market. In addition to this, cassava-based maltodextrin is gaining transaction and is projected to show high growth among other sources of maltodextrin.

New Entrants

High Level Technology

• East Asia is expected to exhibit the highest CAGR in the global maltodextrin market. The ever-rising consumption of low-calorie artificial sweeteners will increase the demand for maltodextrin in the region. Meanwhile, North America is dominating the maltodextrin market in terms of consumption. Plant-based food additives are in high demand since consumers have become more health-conscious. Also, the consumption of US-produced cheese products on the rise. This is helping the maltodextrin market grow significantly in emerging countries and maintain a growth rate backed by considerable demand in developed countries.

• The demand for maltodextrin is rising, albeit gradually. In the coming years, growth opportunities are likely to open up as the market witnessed high demand from food and beverages, pharmaceuticals, cosmetics, and personal care, and chemicals segments. Maltodextrin is used in bakery products to enhance mouth-feel. In addition to this, it is Growing Food used in sports supplements, processed food, confectioneries, ice& Beverage Demands creams, and other food products.

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MARKET DYNAMICS

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GROWTH DRIVERS ➼ Use of Maltodextrin in Food and Beverage Industry- Tapioca syrup is extensively used in food products such as hot cereals, ice-creams, sausages, fruit juices , corn fritters , baked beans , baking powder, fresh donuts and baked apples. It is used as an alternative in wines and beer. Tapioca syrup is a corn syrup replacer.

Market for Tapioca Syrup -2021

Growth and forecast of Convenience foods -2021

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GROWTH DRIVERS [CONTD.] Impact Analysis: •North America is driving market for the convenience food. The global convenience foods market size is estimated at USD 4.30 billion in 2016 and is projected to grow at USD 9.30 billion growing at a CAGR of 5.14% for the forecasted period.

•Emerging economies such as China and India are offering market expansion as they are undergoing modernization.

•Market growth is attributed to the investment in cold chain technologies, rising work population and shift of preference for people to convenience and frozen foods.

Largest Fast Food Restaurants Chains Worldwide

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GROWTH DRIVERS

[CONTD.]

➼ Use of Maltodextrin (Corn) in Cosmetic Industry- Natural ingredients play an important role in the cosmetic industry, Consumers are shifting from synthetic products to natural ingredients. Corn syrups solids and maltodextrin are used in various personal care ingredients., as they are soluble, pure, and cost-effective.In cosmetic and personal care products, maltodextrin functions as a moisturizer, absorbent, binding agent, emulsion stabilizer, and film-forming agent. It also enhances the anti-aging benefits of hydroxyl acids which are commonly used in anti-aging products. Corn syrup is used in skincare for reducing acne, anti-aging, regenerating cleanser,ultra lift transformer, and a rejuvenating serum

Demand for corn starch would increase at a steady pace - 2026

•Demand for natural ingredients for cosmetics such as corn etc. is on a rise in Europe. Changes in consumer behavior and lifestyle changes have opened doors for natural ingredients.

•Natural ingredients are been replaced by synthetic chemicals as the companies are addressing to the ever changing demands of the consumers.

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GROWTH DRIVERS

[CONTD.]

➼ Bio-based specialty polymer for skin, hair care, and sun care range Tate & Lyle have introduced a range of high bio-based specialty polymer for skin, hair care, and suncare. Due to its thickening, emulsion stabilization, and film-forming properties in the formation of skin creams, lotions, gels, serums, hair products, and other personal formulations it finds application in various industries. This can be added at room temperature with minimal shear and providing linear viscosity.

• Natural polymers such as xanthan gum, starch, guar gum, pectin , gelatine, agar can be used for this purpose. For example, corn starch is used as a thickener in personal care products.

• Much recent developments include combining hydrophobic (water resisting)and hydrophilic (water-attracting)polymers into co-polymers that stabilize products so that they do not get thin under high heat. ➼ Use of Maltodextrin in Animal Feed Industry - Corn is a natural and wholesome ingredient that supplies essential fatty acids, proteins, carbohydrates, and natural antioxidants. Corn is not a common cause of allergic reactions in pets.

Key Takeaways: •Highly Digestible carbohydrate for energy •Essential fatty acids for healthy skin and coat •Beta-carotene , vitamin E and lutein-nature’s antioxidants •Quality proteins for muscle and tissue growth

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CHALLENGES ➼ Sugar Reduction in Food Items - Sugar reduction is a major challenge that the companies are facing, but the taste cannot be compromised. Companies are trying to provide the unique taste and texture of juice drinks without all the sugar. Health-conscious consumers are looking for the same taste and sweetness they would have if the product would contain less sugar and fewer calories. Companies are trying to develop a rapid, robust, consumer-centric approach to product development.

Sugarcane is the world’s most produced commodity which ahs steady witnessed a rise in output to reach 4.50 billion tons which is a way ahead of any other commodity. The analysis of the top five products shows that there are no changes in the position of commodities in the last five years. The production of maize, rice , wheat and sugarcane , sugarcane has the highest and products are produced out of sugarcane. ➼ Digestive Health - Consumers are looking forward to products that have a symbiotic relationship between probiotics and prebiotic fibers in enhancing digestive health which is a major challenge to consumers. Choosing the right fibre to help create good bacteria in the gut would support the digestive health of the consumers. Companies should produce innovative fibers that should be easily digestible by consumers rather than becoming a challenge for everyday life. ➼ Demand for Natural and simple food - Consumers are striving to make the best choice by utilizing for themselves and their families to bring home minimally processed products made from simple ingredients weather it is food and beverages or personal and beauty care products. This is the main challenge that companies have to face by producing natural based products.

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TRENDS & OPPORTUNITIES âžź Healthy Lifestyles - Consumers are looking for food and beverages that enhance health, wellness, and support healthy living. Consumers are looking to live healthier for longer and they know that a balanced diet can increase the likelihood of it. Various health issues come into play at different stages of life while rising concerns like gut health, weight management, and diabetes prevention can be seen life long concerns other needs like calcium absorption during adolescence and retention from middle age are more prevalent for particular age groups .53% of the consumers want more fiber in their diet. This is not only to complement good digestive health but also to support overall health and wellbeing.

Largest Fast Food Restaurants Chains Worldwide

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TRENDS & OPPORTUNITIES [CONTD.] âžź Trend for plant power- Consumers across the world have increased their interest in plant-based diets and many consumers are making room for nonmeat or non-dairy products as part of the flexitarian diet. This creates opportunities for manufacturers to innovate in ways that cater to the many ways to plant-based diets that consumers are looking forward to. There is increased demand for natural, simple, and flexible diets are further driving the expansion of vegetarian, vegan, and other plant-based formulations. People are aspiring to have healthy lifestyles which are motivating consumers to consume fruits, vegetables as well as plant-based meat substitutes. We can also see a drastic change in that there is growth in the number of sweeteners, soluble fiber starches used in product launches where no animal products are used.

Global Growth of product launches with no animal products

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TRENDS & OPPORTUNITIES [CONTD.] âžź Consumers driving taste for Organic foods- In 2017, total US organic foods sales reached USD 45.20 billion, a growth of 6.40% from the prior year, outpacing the total food sales growth of 1.10% during the same period. Fresh food (fruits, vegetables, dairy, eggs, meat, poultry, and fish )sales came to USD 21.10 billion. Organic corn starch can be used in a number of applications like refrigerated soups, sauces, yogurts, ice-creams, puddings, fruit preparations, baby foods, etc. Organic corn starches are certified by Quality Assurance International and can be used in organic or certified organic processed foods in the US and Canada.

US Organic Food vs Total Food Sales , Growth and Penetration, 2014-2017

The organic food market in the United States hit 45.20 billion in 2017 and organic sales accounted for 5.50% of the food retail channels in the United States. Total organic food sales in 2017 were USD 49.40 billion, also up to 6.40% as sales of organic non-food products rose 7.40% to USD 4.20 billion.

Fruits and eggs continue to be the largest organic food category. Nonorganic food-beverage alternatives gained in popularity in 2017.

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COVID-19 IMPACT

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Economists have been using the SARS epidemic to put the coronavirus outbreak in context. The 2003 SARS epidemic cut off 0.5 percent to 1.00 percent of China’s growth that year and cost of the global economy about USD 40 billion. China accounted for 4 % of the world’s GDP growth in 2003 and now commands 16.30 percent in 2019. This outbreak has also affected the supply chain as the government has taken immediate steps to slow down the virus. This has disrupted the global supply chains, as well as demand and supply for goods and services, which have affected the economies.

This is much more difficult for the companies in the US as companies have to reduce exports from the US and rest of the world in the coming years. There will be lessened demand for food and beverage industries due to the outbreak. The Americans feel increasingly uneasy about the spending of the virus in the country.

This is much more difficult for the companies in the US as companies have to reduce exports from the US and rest of the world in the coming years. There will be lessened demand for food and beverage industries due to the outbreak. The Americans feel increasingly uneasy about the spending of the virus in the country.

Global Economic uncertainty has increased with a spike in the late 2019 as coronavirus began

Source: ©2021 Goldstein Market Intelliigence

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In South Korea, US increased its LNG imports by 5.50% in 2019.This has accounted for 18 percent of the country’s LNG imports. The recent movement of COVID-19 outbreak will likely to influence all energy imports from the US. ➼ Key Takeaways: The outbreak of the novel coronavirus (COVID-19) is for the time being the most significant black mark for 2020 and possibly the largest after the second world war of the world countries.

The impact of COVID-19 is significantly greater than SARS 20022003 and we cannot compare it in any dimensions, the number of cases confirmed as of March 26 exceeded 415,000 globally with few countries remain unaffected , the number of cases in Europe exceed 220,550 and number of deaths reach 13,000.

The centre of the COVID-19 pandemic according to the WHO is in Europe (Italy and Spain )are the most affected areas with heath administration under great pressure.

The global spread of the outbreak of COVID-19 epidemic is the biggest risk factor the world is facing and so are the economies in 2020 and from economic point of view the second quarter is to bring a major improvement as Q1 has been affected adversely. © 2020 GOLDSTEIN MARKET INTELLIGENCE

➼ Market Reaction towards COVID-19 Financial markets have reacted heavily to the acceleration of the pandemic in Europe and strict introduction of measure by countries to control this pandemic.Uncertainity levels are quiet high in the markets. All three currencies lost heavily to the US dollar with a trend around the second week of March. Polish pound depreciated more than dollar and Euro has been adversely affected. This could be due to the risk in the British economy with negotiations affecting the polish economy which is conceived to be weaker. The depreciation of currencies can help exports and impacting imports.

Oil market plummeted since the beginning of the year with the OPEC basket spot reference, price of crude oil has dropped reflecting a fall in demand due to decreased production and trade outlook. This is due to uncertainty after the global pandemic by the WHO and the spread of the outbreak gave extra tensions and uncertainty. The Goldstein Market Intelligence analyst forecast that the demand for oil will be more than 2.0 MMB/D in 2020. At the same time, a significant recovery is expected for 2021 with inflation for oil to increase by more than 3.0 MMB/D.

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GOVERNMENT INITIATIVES Lower prices of oil decreases the cost of transportation which could be a positive signal. The destabilizing the macroeconomic situation in OPEC economies which could have consequence. The price of oil is likely to respond to increase global demand with a limited time concern. In such a case, the price of oil can slow down recovering the global trade from this pandemic.

The share of total exports in real term value in 2019(%)

The Future Prospects The prospects for the main European countries is dependent upon the duration and magnitude of the pandemic. The pattern of the epidemic shows that countries like Germany gain traction with Italy and Spain. France and the UK for the time being are gaining trajectory. Poland is close to evolution at this stage as same as the Britishers. It is emphasized that the current outbreak of coronavirus ends with the introduction of vaccines by leading research institutes or hospitals. Community immunity is the situation when a higher percentage of the community becomes immune to the disease. Government institutions, banks, and other organizations are taking measures to deal with this crisis including providing financial aid to the loss-making enterprises. This has really impacted the economy and the efficiency can not be predicted as yet. Many countries are becoming victims of this pandemic.

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BY SOURCE

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Maltodextrin Production From Corn Market Outlook Global Maltodextrin Production From Wheat - Market Size USD (Million)

Source: ©2021 Goldstein Market Intelliigence

Global Corn Maltodextrin market is forecast to reach USD 2.14 Billion by 2025. Among the various uses of maltodextrin, one of its major use is as an additive in various foods due to its ability of enhancing flavor, texture, and shelf life. Among the various sources of maltodextrin, corn is an essential source. Genetically modified (GM) ingredients like genetically modified corn is a widely used source of maltodextrin that is a genetically modified organism (GMO). Starch from corn is one of the mentionable raw materials for corn maltodextrin.

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Various initiatives taken by the industry players are supporting the growth of the sector. One of the mentionable initiatives is expansion.

As an instance, in 2019, Tate & Lyle, one of the mentionable market players, had completed the expansion of the company’s non-GMO Maltosweet Maltodextrin production line at the Boleraz, Slovakia facility.

With the help of this expansion, Tate & Lyle could double the capacity of its production of non-GMO Maltosweet Maltodextrin.

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Maltodextrin Production From Wheat Market Outlook Global Maltodextrin Production From Wheat - Market Size USD (Million)

Source: ©2021 Goldstein Market Intelliigence

Exhibiting a CAGR of 4.91% (yearly growth in revenues), the global wheat maltodextrin market will surpass USD 910.33 million mark by 2025. Wheat Maltodextrins provide excipient benefits as a filler and filler/binder while also providing nutrient benefits as a carbohydrate source. Wheat maltodextrins are starch hydrolysis products with a dextrose equivalent.

The hydrolysis of starch polymers results in soluble glucose syrups of increasing sweetness, increased osmolarity and reduced viscosity. At low hydrolysis ratios these glucose syrups are bland & viscous and tend to retrograde. © 2020 GOLDSTEIN MARKET INTELLIGENCE

According to European Food Safety Authority, “With regard to cereals used in distillates for spirit the distillates made from cereals are unlikely to trigger a severe allergic reaction in susceptible individuals.” With regard to wheat-based glucose syrups including dextrose (European Food Safety Authority, 2007b) and wheat-based maltodextrins (European Food Safety Authority, 2007c) the EFSA came again to the conclusion that “it is unlikely to cause an adverse reaction in individuals with coeliac disease provided that the (provisional) value of gluten considered

by Codex Alimentarius for foods rendered gluten-free is not exceeded.”

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Maltodextrin Production From Tapioca Market Outlook Global Maltodextrin Production From Tapioca - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

Tapioca maltodextrin is derived from tapioca starch using natural enzymatic process, tapioca maltodextrin is often used as a stabilizer. Global Tapioca Maltodextrin market is anticipated to rise at a considerable rate of 5.54% during the forecast period, between 2017 and 2025. In 2019, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Global Tapioca Maltodextrin market is valued at USD 306.98 million in 2018 is expected to reach USD 447.96 million by the end of 2025.

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Tapioca maltodextrin market id majorly driven by the increased demand for the processed food and beverage products.

Food and beverage industry uses tapioca maltodextrins for binding, improved mouthfeel, filler, gelling agent etc. in products such as confections, desserts, frozen food, jams and glazes, dairy products, beverages and fruit juices, etc. With the continuous advancements and innovation, new products are being developed that not just require improvements in taste and appearance but also extending the shelf life of the processed food products.

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Maltodextrin Production From Rice Market Outlook Global Maltodextrin Production From Rice - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

Global Rice Maltodextrin Market is anticipated to reach the valuation of USD 200.53 million by 2023, at a steady CAGR of 3.98% over the forecast period. The market is currently fragmented, and the degree of fragmentation will increase during the forecast period. Market vendors are adopting innovative technologies to manufacture high-quality rice syrups that will enable them to maintain and increase their customer base in the rice maltodextrin market.

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Though the accelerating growth momentum will offer immense growth opportunities, the rising popularity of substitutes will challenge the growth of the market participants. To increase their rice maltodextrin market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Maltodextrin Production From Potato Market Outlook Global Maltodextrin Production From Potato - Market Size USD (Million)

Source: ©2021 Goldstein Market Intelliigence

Global Potato Maltodextrin market is anticipated to rise at a considerable rate of 4.60% during the forecast period, between 2017 and 2025.

Global Potato Maltodextrin market is valued at USD 379.27 million in 2018 is expected to reach USD 520.07 million by the end of 2025. APAC was the largest market for rice maltodextrin in 2018, and the region will offer several growth opportunities to market vendors during the forecast period.

The growing demand for organic foods and the high production volume of rice in major countries are contributing to rice maltodextrin market growth in this region. © 2020 GOLDSTEIN MARKET INTELLIGENCE

Almost 28% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for rice maltodextrin in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

The global maltodextrin market is propelled due to factors such as the expansion of the food and beverage industries. As a result, in the future maltodextrin market is expected to witness remarkable growth over the forecast period 20172025. During the past few years, maltodextrin manufacturing companies are advancing the production technology continuously.

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BY END-USER

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Maltodextrin Market Outlook in Food & Beverage Sector Global Maltodextrin Usage in Food & Beverage Sector Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

The global maltodextrin market size was valued over USD 2.16 billion in 2018 in the Food & Beverage Sector, also the global market is envisioned to grow at an optimistic CAGR of 4.92% from 2017 to 2025. One crucial factor that is propelling the global maltodextrin market is the usage of maltodextrin in animal feed. As the population of developing as well as developed countries are consciously inclining towards a more healthy diet.

This has boosted the use of maltodextrin among people. Along with this, this market has a wide spectrum of applications.

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Maltodextrin products are also used in food and beverage items such as cold drinks, milk, candy, ice-creams, and others. Moreover, a 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 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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Maltodextrin Market Outlook in Pharmaceuticals Sector Global Maltodextrin Usage in Pharmaceuticals - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

The Global Maltodextrin market in Pharmaceuticals was worth USD 288.45 million in 2017 and will reach USD 423.18 million in 2025, growing at 4.91%. Over the five years to 2019, the Brand Name Pharmaceutical Manufacturing industry in the United States experienced several new drug launches, with 54 new active substances launched in 2017 alone.

Given increasing-price scrutiny, competition from generics, and rising research and development expenses,

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many manufacturers shifted their strategic focus to more lucrative therapy areas, such as rare diseases and oncology. Furthermore, generics account for the majority of prescription drugs in the United States and are expected to capture a growing size of the market following approaching patent expirations of numerous top-selling drugs. In addition, many brand name manufacturers expanded their product portfolios to include biologic drugs.

Overall, industry revenue is anticipated to increase during the current period.

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Maltodextrin Market Outlook in Cosmetics Sector Global Maltodextrin Usage in Cosmetics - Market Size USD (Million)

Source: ©2021 Goldstein Market Intelliigence

In cosmetics and personal care products, maltodextrin functions as a moisturizer, absorbent, binding agent, emulsion stabilizer, and film-forming agent. It may also be able to enhance the anti-aging benefits of hydroxy acids, which are commonly used in anti-aging products.

Maltodextrin functions as a moisturizing ingredient because it reflects the composition of the Natural Moisturizing Factor (NMF) found within the skin’s epidermis. The NMF is an expansive group of substances including amino acids, PCA, lactates, sugars, salts, urea, and peptides. © 2020 GOLDSTEIN MARKET INTELLIGENCE

All of these substances work together to keep the skin’s surface intact, supple, and hydrated. Global Maltodextrin Market in Cosmetics Industry is valued at USD 364.96 million in 2018 and is on a rapid upward trajectory as millennials are often quoted as being the main drivers behind the meteoric growth of the beauty segment. Everything from the aging of the millennial demographic to a focus on “self-care” as a coping method against a difficult political and economic climate.

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Maltodextrin Market Outlook in Chemical Sector Global Maltodextrin Usage in Chemical - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

Global Maltodextrin Market in Chemical Industry is anticipated to account for USD 231.99 million by 2022 from USD 194.95 million in 2018, rapidly growing at the predicted rate of 4.49% over the forecast period, 20172025. The global maltodextrin market is segmented into application such as food & beverage, pharmaceuticals, paper and pulp industries and others, out of which, food & beverage segment is expected to dominate the overall maltodextrin market and is projected to grasp a remarkable CAGR by 2025.

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The global chemical industry was valued at US USD 4.7 trillion (including pharmaceuticals) in 2011. It is projected to register a Compound Annual Growth Rate (CAGR) of 4.4% from 2011 through 2020, and become USD 6.9 trillion by makes up for the harsh climate, limited water availability, and scarce arable land that characterize the region. In countries like Kuwait, Iraq, Qatar, and the KSA, oil revenue superseded the revenue from their nonoil sources.

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BY REGION

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North America Maltodextrin Market Outlook North America Maltodextrin - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

In terms of geography, with over 32% share, North America region is the most prominent regional markets of maltodextrin.

Moreover, growing usage of maltodextrin food products in these regions are predicted to bolster the market of maltodextrin over the forecast period. Apart from this, increasing healthcare concern and increasing adoption of low calories dietary products is also projected to foster the growth of maltodextrin market in this region.

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The North America maltodextrin market, representing nearly a quarter of the global maltodextrin market, is also aiding the growth of the industry, globally. In the forecast period of 20172025, the North America maltodextrin market is projected to grow at a CAGR of 4.92%.

The North America maltodextrin output was approximately 0.90 million metric tons in the period 2017-2018.

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Europe Maltodextrin Market Outlook Europe Maltodextrin - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

In Europe, consumers are becoming calorie conscious and are also starting to actively seek out products with nonGMO ingredients. Thus, major players in the maltodextrin market in the region have increased their investments in various non-GMO products. In 2017, Ingredion added nine products to its nutrition, texturizer and sweetener solutions which achieved verified status from the NonGMO Project. Out of the nine additions, three were the company's maltodextrin varieties.

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Maltodextrin is used extensively as a bulking agent in sweeteners like sucralose. Tate and Lyle, a major player in the maltodextrin market, also manufactures Splenda, the highly popular sucralose-based artificial sweetener owned by Heartland Food Products Group. Splenda derives most of its caloric content from maltodextrin.

The maltodextrin market is also finding incentive in the Europe region due to the growing preference for convenient and ready-to-eat foods.

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Asia Pacific Maltodextrin Market Outlook Asia Pacific Maltodextrin - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

In regards to region, APAC held the second largest market share of more than 27% in 2018, with a growth rate of 4.93% during the forecast period.

The market share held by the region is attributed to well-established food & beverage sector, increasing demand for baked products like biscuits & cookies and growing demand for nutraceutical products, which is supporting the expansion of the market in this region.

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The Asia Pacific region projected to be the fastest-growing in the maltodextrin market for food & beverages, owing to the rising demand for low-caloric food in this region and the large-scale availability and affordability of maltodextrins. The glucose, dextrose, and maltodextrin market is driven by the increase in demand from the beverage industry, intense research & development activities, and increase in demand for convenience foods.

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Latin America Maltodextrin Market Outlook Latin America Maltodextrin - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

Latin America maltodextrin market is anticipated to grow at the increasing CAGR of 4.81% over the forecast period, 2017-2025. In 2019, Latin America reported the market size of USD 319.87 million for maltodextrin.

According to our analyst at Goldstein Research, the Latin American Maltodextrin Market is predicted to reach the number USD 424.62 million by 2025. Due to the growth in the high-intensity sweetener demand is also expected to drive the market due to the use of maltodextrin as a bulking agent in artificial sweeteners.

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The rising sugar substitute industry, driven by growing health consciousness, will also propel the maltodextrin market forward.

The thriving alcohol segment in the beverage industry will further aid the maltodextrin market growth in the region. The Latin American maltodextrin market is being driven by the robustly growing food and beverage industry.

Maltodextrin finds application as a food thickener in food products such as icecream, beer, infant formula, potato chips, jerky, and frozen food.

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Middle East & Africa Maltodextrin Market Outlook Middle East & Africa Maltodextrin - Market Size USD (Million)

Source: Š2021 Goldstein Market Intelliigence

Likely, increasing demand for flavoured soups & dry mixes, confectionary & bakery and dairy products is predicted to foster the growth of global maltodextrin market.

Furthermore, mounting concerns regarding the potential health impact of genetically modified organisms (GMO) starches is expected to positively impel the growth of the Middle East & Africa maltodextrin market over the forecast period.

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The Middle East & Africa maltodextrin market is anticipated to showcase a robust CAGR of 4.69% over the forecast period i.e.

2017-2025.

Moreover, the Middle East & Africa maltodextrin market is anticipated to account the exponential sales value of USD 134.33 million by the end of 2024.

Additionally, the market is riding on the back of the rising adoption of maltodextrin due to health benefits.

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Scan the QR code or click the link below for our study on the future of the Maltodextrin Market.

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About the Industry Leader

❝

-Brenon Curtis Senior Healthcare Consumer Expert +44-7520-6444-82

The revolution has come to health care. Digital provider from online retailers to ride-hailing apps have led customers to expect on-demand, instant, customized services and healthcare will be no different. We believe that success in the current environment requires that players understand the key trends reshaping the industry and then make strategic choices about how—and, equally important, where—to operate.

❞

Brenon is the senior healthcare consumer expert at Goldstein Intelligence Group (GIG). Mr. Curtis has extensive health care consulting and industry experience, specializing in strategy development, transformation, and enablement for payer and provider organizations.

Before joining Goldstein Intelligence Group, he has spent more than a decade working closely with organisations in the pharmaceutical sector to shape and execute growth options, performance enhancement, and risk diminution. He focuses on helping Goldstein Intelligence Group’s healthcare and medical devices clients to transfigure their business and operations to ramp up the plans and execute advanced and disruptive technologies.

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About Goldstein Intelligence Group (GIG)

Goldstein Market Intelligence helping businesses to be successful at strategy and take informed decisions to grow the business in the future. Goldstein Market Intelligence is one of the leading professional services firms, providing Intelligence Services, Consulting & Advisory, and research-related services to clients. We, at Goldstein Intelligence Group (GIG) practice, work side by side with chief executives and their teams to create effective strategies and secure alignment across the organization. Goldstein Intelligence Group (GIG), a network of worldwide professional services firms, as a leading group with a strong commitment to establishing itself as a truly global-minded professional firm that can provide professional services across the world.

Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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