The global tapioca maltodextrin market is anticipated to reach US$ 3.8 Billion in 2022 and exhibit steady growth at a CAGR of 5.7% in the forecast period from 2022 to 2032. Future Market Insights (FMI) further mentions that the market is likely to be valued at US$ 8.1 Billion in 2032. The rising need to upgrade the taste and texture of food and beverages worldwide is likely to drive the sales of tapioca maltodextrin in future years.
| Report Attribute | Details |
|---|---|
| Tapioca Maltodextrin Market Estimated Base Year Value (2021) | US$ 2.4 Billion |
| Tapioca Maltodextrin Market Expected Market Value (2022) | US$ 3.8 Billion |
| Tapioca Maltodextrin Market Anticipated Forecast Value (2032) | US$ 8.1 Billion |
| Tapioca Maltodextrin Market Projected Growth Rate (2022 to 2032) | 5.7% CAGR |
Tapioca maltodextrin is a type of starchy and white powder that several manufacturers add into food items to enhance their shelf life, thickness, and flavor. It is a very common ingredient that is used in packaged food and beverages, such as soft drinks, candies, and pastries.
It is made from starchy food like tapioca with the help of innovative processing equipment. It easily dissolves in water and is relatively tasteless. It is extensively used as an additive in a wide range of food to extend their shelf life.
Manufacturers usually put starch through a unique process named hydrolysis to make maltodextrin from tapioca. The process requires water, acids, and enzymes to break the starch into smaller pieces. It results in the formation of a white powder with sugar molecules.
In edible products, this powder can help by replacing fat or sugar in processed, low-calorie food items, as well as by enhancing their flavor or texture. It is likely to generate high demand from manufacturers for preserving food and beverages and for thickening liquids to bind every ingredient together.
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The increasing demand for tapioca maltodextrin from manufacturers for usage in livestock feed, hair care products, and lotions is anticipated to augur well for the global market. The ever-increasing population and the rising interest of people in food and refreshment items are also projected to augment the market.
In addition to that, the expansion of the pharmaceutical industry worldwide is likely to accelerate the market. This industry extensively utilizes tapioca maltodextrin in the formulation of capsules and tablets. The high demand for drugs with the rising prevalence of various chronic diseases is likely to drive the global market.
As tapioca maltodextrin contains a high Glycemic Index (GI), as compared to table sugar, it can often cause a spike or sharp increase in an individual’s blood sugar shortly after they consume food products containing the powder. Blood sugar spike can be dangerous for people with insulin resistance and diabetes.
Sugars in food items equipped with tapioca maltodextrin quickly enters the bloodstream where the body absorbs them. Thus, complex carbohydrates that include whole-wheat pasta and beans are gaining more popularity as these are absorbed by the body very slowly. These foods make people feel full for a long period of time. This factor may hamper the expansion of the tapioca maltodextrin market size in the evaluation period.
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North America is likely to lead in the near future by procuring the largest tapioca maltodextrin market share. The presence of various renowned manufacturers across Canada and the U.S. is one of the major factors that is anticipated to accelerate the North America market. These companies are aiming to expand their distribution channels to generate more shares in the regional market.
The rising utilization of this ingredient in sports drinks to provide additional carbohydrates during intense workout sessions is another crucial factor that is likely to fuel the market. Also, the increasing demand for various pharmaceutical products is projected to push the North America market.
The high demand for numerous skin care products across India, China, South Korea, and Japan is estimated to drive the Asia Pacific tapioca maltodextrin market growth in the assessment period. It is utilized as a hydrating and moisturizing agent in skin care and cosmetics products. It is also used to enhance the texture of various formulations.
Furthermore, it is used in those products that contain both oil and water components. It helps in dispersing both ingredients and producing a stable product by eliminating the issue of improper stabilization. The powder also has anti-irritation and anti-aging properties. Thus, it is used across Asia Pacific in combination with hydroxy acids to launch new skin care products.
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Some of the leading companies operating in the global tapioca maltodextrin market include WillPowder, LLC, Tereos Starch & Sweetener S.A.S., Grain Processing Corporation, Ingredion Inc., AG Commodities Inc., Special Ingredients, Cargill Inc., Southeast Asia Organic Co., Ltd., Briess Malt & Ingredients, and Ciranda among others.
Key players are increasingly focusing on introducing novel products to cater to the high demand from consumers. A few other companies are partnering up with food and beverage manufacturers to deliver their in-house products and strengthen their positions in the global market. The market is set to witness the entry of a large number of start-up companies in future years with government support in terms of finances.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Nature, End Use, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | WillPowder, LLC; Tereos Starch & Sweetener S.A.S.; Grain Processing Corporation; Ingredion Inc.; AG Commodities Inc.; Special Ingredients; Cargill Inc.; Southeast Asia Organic Co., Ltd.; Briess Malt & Ingredients; Ciranda |
| Customization | Available Upon Request |
The global tapioca maltodextrin market is expected to reach US$ 8.1 Billion in 2032.
North America is set to dominate the tapioca maltodextrin market in the forecast period.
WillPowder, LLC, Tereos Starch & Sweetener S.A.S., Grain Processing Corporation, Ingredion Inc., AG Commodities Inc., and Special Ingredients are some of the reputed companies in the tapioca maltodextrin market.
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Tapioca Maltodextrin Market
