Maltodextrin Market By Source (Corn-Based, Wheat-Based, Potato-Based, Cassava-Based), Form (Spray-Dried Powder, "Instantized" / Agglomerated**), Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Daily and Fine Chemicals) & Region - Forecast to 2021 - 2031

Maltodextrin Market Historical Outlook vs Future Projections

As per FMI, over the past half-decade, the global maltodextrin market value grew at a CAGR of around 3.6%. The rising demand for maltodextrin as an ideal carbohydrate used as specialized ingredient for nutrition in sports nutrition, infant nutrition, and clinical applications will continue pushing growth through the assessment period.

Meanwhile, sales of maltodextrin are projected to grow at a CAGR of around 5.0% over the forecast period as healthy plant based ingredient become increasingly popular in daily diets. Increasing demand for organic and natural food ingredient in comparison to synthetic ingredient will encourage growth in the maltodextrin market in the coming years.

Maltodextrin also is used as a partial fat substitute since it improves the texture of meals without adding calories. Considering this, it is widely consumed by gym and health enthusiasts. Maltodextrin is prized for its gelling, texturizing, non-crystallizing and emulsifying properties. It provides a neutral taste, and can help incorporate spices in dishes.

The aforementioned maltodextrin uses make it an ideal ingredient for incorporation in a number of food and drinks items.

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How is Maltodextrin Application for Advanced Nutrition Affecting Sales?

Maltodextrin is a type of carbohydrate that can be found in many foods. They have a 4 kcal/g calorific value. Carbohydrates are necessary for basic metabolic processes in the body and should account for 50-55 percent of total energy consumption. The European Food Safety Authority (EFSA) has proven that carbohydrates, especially maltodextrin, help the brain and muscles work normally.

Maltodextrin use as powdered sugar substitute is increasing because of its neutral flavor and low sweetness. It also is frequently used as excipients (inactive ingredients) in the pharmaceutical and cosmetic industries.

Driven by higher awareness regarding various health benefits it offers, application will rise in diverse sectors, including breweries, food, and snacks like sweets, instant soft drinks, and ice cream as a flavoring agent and essence. It is an important component of sports drinks and often used in the production of frozen foods.

Maltodextrin is used in breweries to improve dryness and head retention of the beverage. With application projected to continue in the sugar-free food items, demand in the maltodextrin market will grow significantly in the near future.

Will Application in Infant and Sports Nutrition Drive Maltodextrin Market?

Maltodextrin is regarded as a useful source of energy for both infants and athletes. They also help in restoring intestinal osmolarity in neonates who are suffering from intestinal disorders. Because osmolarity is linked to hydration, maltodextrins can aid in the hydration of infants and athletes.

Furthermore, maltodextrin is easy to utilize and is suitable for neonatal nutrition. Its solubility ensures a lump-free bottle-feeding formula and a consistent milk consistency.

Maltodextrin is included in EU Regulation No. 609/2013 and Delegated Regulation (EU) No. 2016/127, which regulate newborn nutrition, as authorized carbohydrates for use in infant food. These factors will continue favoring maltodextrin market growth through the course of the forecast period.

Country-wise Analysis

What are the Factors Driving Maltodextrin Market in EU-5?

The Europe maltodextrin market is anticipated to exhibit growth at a CAGR of 3.8% over the forecast period, owing to increasing demand for plant based sports beverages products. The EU-5 maltodextrin market will dominate Europe with a share of more than 73.3% in 2021.

Meanwhile, in Europe, like in the United States and Canada, health and fitness spending will continue to drive maltodextrin sales. Despite COVID-19 induced restrictions, healthcare and fitness spending in most European countries remained constant in 2020.

Maltodextrin demand is increasing in the EU-5 and across Europe, with uses ranging from healthy snacks to bakery items and beverages to plant-based treats.

Will China Maltodextrin Market Continue Dominating Asia Pacific?

The China maltodextrin market size is estimated to reach US$ 413.6 Mn in 2021, but the consumption of maltodextrin in Japan is expected to grow at a higher rate.  

China's rising urbanization and industrialization have resulted in consumers' hectic and chaotic lifestyles. This fast-paced lifestyle has in turn led to new eating habits that stray from the typical three square dinner table meals.

Consumers in Asia are focusing on healthy beverages with plant based ingredients. All these factors will contribute towards the China maltodextrin market growth over the forecast period.

What is Driving Sales in India Maltodextrin Market?

In 2021, the India maltodextrin market held a share of 23.6% in Asia Pacific.  The increasing trade of corn based maltodextrin, wheat based maltodextrin and cassava based maltodextrin within Asia Pacific countries will drive growth in the India market.

What will Support Demand Growth in GCC Maltodextrin Market?

According to FMI, the sales of maltodextrin in GCC countries are estimated to account for 28.3% of the overall Middle East and Africa market in 2021. Increasing demand for infant nutrition with clearer and cleaner labelling in GCC Countries as a result of high consumer awareness regarding the plant based ingredient will drive the GCC maltodextrin market.

How will Brazil Maltodextrin Market Fare?

According to FMI, Brazil maltodextrin market size in 2021 will reach US$ 74.4 Mn which is also expected to witness a lucrative growth rate of CAGR 4.0% during the forecast period. The rising uptake in bakery industry will result in high growth in the country.

Demand for bakery products and frozen desserts in the country is fuelling the growth of the maltodextrin market.

Category-wise Insights

Why is Corn Based Maltodextrin More Preferred?

According to FMI, the corn based maltodextrin market is expected to register growth at a CAGR 4.3% over the forecast period, owing to increasing application of corn based thicker in sports nutrition.

Corn maltodextrin is a low-cost food additive that improves the texture, flavour, and shelf life of foods. These factors are resulting in higher sales of corn based maltodextrin.

Will Spray-Dried Maltodextrin Powder Remain Top-selling?

In 2021, spray dried powder maltodextrin accounted for approximately 63.0% of the global market, while the demand for "instantized" / agglomerated** is expected to rise at a CAGR of 5.8% during the forecast period.

Maltodextrin usefulness as a carrier or encapsulating agent has made it one of the most commonly used drying aids for spray drying.

What is Supporting Maltodextrin Application in Food and Beverages Sector?

Based on application, maltodextrin use in food and beverage segment is estimated to account for a market share of 60.9% in 2021.

Maltodextrin is often used as diluents in sachets and other single-unit dose formulations in pharmaceuticals. It is an effective binders for direct compression because of its intrinsic polymeric structure. Owing to these factors, application of maltodextrin is estimated to grow in the food and beverages sector.

Competition Landscape: Top Maltodextrin Companies

Top maltodextrin market players are focusing on product launches which is expected to help in growth of the market.

For instance, in 2021 Cargill launched rice flour-based maltodextrin substitute. According to the company, this ingredient can be used as a one-to-one substitute for maltodextrin and can also improve mouthfeel. Consumers found a SimPure rice flour prototype to be creamier in sensory tests of powdered chocolate milk, according to Cargill.

Besides this, some manufacturers are focusing on mergers to launch innovative products. For instance, Archer Daniels Midland Company (ADM) in 2018, a US-based food processing company, had teamed up with Vedan International to offer a line of specialty tapioca starches and tapioca maltodextrin components.

Maltodextrin Industry Report Scope

Market Segments Covered in Maltodextrin Market Analysis

By Source:

• Corn-Based
• Wheat-Based
• Potato-Based
• Cassava-Based
• Others (Rice, Banana)

By Form:

• Spray-Dried Powder
• "Instantized" / Agglomerated**

By Application:

• Food and Beverages
• Cosmetics and Personal Care
• Pharmaceuticals
• Daily and Fine Chemicals
• Others

Region:

• North America
• Latin America
• Europe
• Asia Pacific
• MEA