Maltodextrin Market

Maltodextrin Market: Asia Pacific to Emerge as the Next Growth Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020

Steady demand from the U.S. food and beverage sector will continue to have a significant impact on the global maltodextrin market revenues. Valued at US$ 2.64 Bn in 2015, the global market is expected to grow at over 5% annually through 2020 and reach nearly US$ 3.40 Bn in revenues. The key trends expected to shape up the market during the forecast period 2014-2020 include,

  • Growing Demand for GMO-free Maltodextrin: In the backdrop of mounting concerns about the potential health impact of GMO starches, manufacturers are hard pressed to include natural and organic ingredients in their offerings. This is expected to invigorate spending on research and development (R&D) for ingredients that not only promote health and well-being, but also have long shelf-life. Scouring such ingredients is expected to pose challenges to manufacturers during the forecast period.

  • Steady Adoption in Veterinary Healthcare: While food and beverage industry will continue to create sustained demand for maltodextrin, use of maltodextrin in animal feed is expected to witness an increase. Maltodextrin is used as a feed premix, spray drying carrier, and an excipient for medical tablets.

  • Increasing Application as Industrial Chemicals: Growing use of maltodextrin in industrial chemicals is expected to create further market opportunities for market players. Consistent advancement in production technology has resulted in wider applications of maltodextrin.

Maltodextrin Market

Maltodextrin Market: Application Analysis and Forecast

Unsurprisingly, food and beverages remains the largest application segment for maltodextrin, and will remain so during the forecast period. Demand for maltodextrin from food and beverage sector is expected to reach US$ 1.68 Bn in 2016, up from US$ 1.60 Bn in 2015. Among the various food and beverage sectors – dairy products, nutritional foods, infant formula, confectionary & bakery, soups & dry mixes, and beverages – dairy products will account for the bulk of demand for maltodextrin during the forecast period. However, the dairy product segment will continue to lose market share to nutritional food segment over the course of the forecast period.

Maltodextrin: Application Analysis & Forecast (US$ Bn)

Application

2016

2020

CAGR

Food & Beverage

1.68

XX

XX

Pharmaceuticals

XX

XX

XX

Paper/cardboard Processing

XX

XX

XX

Industrial Chemicals

XX

XX

XX

Others

XX

XX

4.80%

(Concealed figures available in the report)

Region-wise Analysis and Forecast on Maltodextrin Market

North America, Western Europe, and Asia Pacific will continue to remain the three largest markets for maltodextrin during the forecast period. While North America is expected to remain the largest market for maltodextrin by the end of the forecast period, it will lose 50 BPS over 2015-2020. Asia Pacific and Western Europe will gain 50 and 10 BPS respectively.

The market in North America is highly buoyant for GMO-free starches, whereas the growing demand in Europe is on account of its growing application in dry mixes, infant formula, and milk powder. Asia Pacific is expected to emerge as one of the most attractive market during the forecast period, buoyed by the growing food and beverage sector in the region. Home to nearly 60% of world’s population, maltodextrin market in the region will grow at the highest CAGR among all the regions.

Maltodextrin: Region-wise Analysis & Forecast (US$ Bn)

Region

2016

2020

CAGR

North America

XX

1.21

XX

Western Europe

XX

XX

XX

Asia Pacific

XX

XX

5.50%

Latin America

XX

XX

XX

Eastern Europe

XX

XX

XX

Middle East & Africa

XX

XX

XX

The Archer Daniels Midland Company, Ingredion Incorporated, Grain Processing Corporation, Penford Corporation, Tate & Lyle Plc, Cargill Inc., Roquette Freres SA, Tereos Syral, and Zhucheng Dongxiao Biotechnology Co., Ltd. are among the leading players in the market.

This Future Market Insights report examines the maltodextrin market for the period 2014–2020. The report starts with an overview & introduction of the global maltodextrin market focusing on its various segment and major players. In the next section, FMI covers the maltodextrin market performance in terms of market dynamics. This section includes FMI’s analysis of the key trends, drivers and restraints from the supply and demand side, which are influencing the maltodextrin market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the maltodextrin report to better equip and arm clients with crystal clear decision-making insights. 

The primary focus of the following section is to analyse the maltodextrin market by adoption among various segments; the primary applications covered under the scope of the report are, 

  • Food & beverages
    • Dairy products
    • Nutritional food
    • Infant formula
    • Confectionery & bakery
    • Soup & dry mixes
    • Beverages
  • Pharmaceuticals
  • Paper/cardboard processing
  • Daily & fine chemicals
  • Cosmetics and others (animal feed) 

The next section of the report highlights maltodextrin adoption by regions. It provides a market outlook for 2014–2020 and sets the forecast within the context of the maltodextrin ecosystem, various regions has been accessed by each application. This study discusses the key regional trends contributing to growth of the maltodextrin market on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each region. Key regions assessed in this report include: 

  • North America
  • Latin America
  • Europe (Western & Eastern)
  • Asia Pacific
  • Middle East and Africa 

A unique section included in the report is the source of maltodextrin as GMO and GMO-free, as there is a growing trend of clean label food. Food processing companies are looking for GMO-free data for applications in categories such as baby food, sports drink, and nutritional food among others.

All the above sections, by application or by regions, evaluate the present scenario and the growth prospects of the Maltodextrin market for the period 2014 –2020; 2014 as the base year and data has been provided for the trailing 12 months. 

To calculate the maltodextrin market size, we have considered revenue generated from the sale of maltodextrin by various manufacturers. The maltodextrin market is a fragmented market when we consider each application segment, however to tap the growing market, multinationals are aggressively adopting the strategy of merger and acquisition in emerging markets. The forecast presented here assesses the total revenue by value across the maltodextrin market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the maltodextrin market will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis, based on supply side, downstream industry demand, and economic envelope. 

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the maltodextrin market. This detailed level of information is important for the identification of various key trends of the maltodextrin market.

Also, another key feature of this report is the analysis of all key maltodextrin application segments, sub-segments, regional adoption and product segment revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the maltodextrin market. 

Furthermore, to understand key growth segments in terms of growth & adoption of maltodextrin, the report offers a detailed maltodextrin market attractiveness index. The resulting index should help providers identify real market opportunities. 

In the final section of the report, maltodextrin competitive landscape is included to provide report audiences with a dashboard view, based on categories of provider in the value chain, presence in maltodextrin product portfolio and key differentiators. Key categories of providers covered in the report are maltodextrin manufacturers. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the Maltodextrin value chain and the potential customers for the same. 

Key global players in maltodextrin market are Cargill Inc., Ingredion Incorporated, The Archer Daniels Midland Company, Tate & Lyle Plc, Roquette Freres SA, Penford Corporation, Grain Processing Corporation, Tereos Syral and Zhucheng Dongxiao Biotechnology Co., Ltd. There are several small players operating on regional level with small turnover of maltodextrin. Large multinationals are adopting the strategy of mergers and acquisition of mid-size companies specializing in maltodextrin to become the market leaders in target regions. Recent example can be quoted for Ingredion acquiring Penford in March 2015.