Maltodextrin Market Definition
The global Maltodextrin market is expected to witness high demand due to increasing demand from downstream products such as ice cream, milk powder, and other instant drinks. Maltodextrin is produced from starch by partial hydrolysis method and is usually used as a food additive to preserve food flavor, enhance its taste, quality and appearance. Rising global demand for beer leading to an increase in a number of breweries is further pushing the market demand. Moreover, increasing the global population, rising demand for food and growing inclination of the potential population towards processed food products are again propelling the market growth.
The market study is broken down by Type (Maltodextrin and Corn Syrup Solids and Tapioca Maltodextrin and Tapioca Syrup Solids), by Application (Infant Nutrition, Sports Drinks, Weight Management and Others) and major geographies with country level splits. According to AMA, the Global Maltodextrin market is expected to see growth rate of 7.8%
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Maltodextrin market throughout the predicted period.
Grain Processing co. (United States), Ingredion Incorporated (United States), Cargill (United States), ADM (United States), Penford Corporation (United States), Tate & Lyle Plc (United Kingdom), Roquette Freres SA (France), Tereos Syral (France) and Kraft (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Maltodextrin market by Type, Application and Region.
On the basis of geography, the market of Maltodextrin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Food & Beverage will boost the Maltodextrin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Corn will boost the Maltodextrin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 30th July 2019, Ingredient solution provider has launched a clean label, tapioca-based co-texturizer for instant high-water, dry powder mix applications, such as instant hot drinks, soups, and desserts. Novation Indulge 3620 starch meets the “natural” criteria in the UK, France, Ireland, and associated EU legislation, as well as the global ISO Technical Specification. This allows manufacturers to tap into the lucrative clean label and natural trends, as the product marks an expansion of clean label functionality in the beverage category to include instant applications, notes the company.
On 26th July 2018, US-based food processing firm Archer Daniels Midland Company (ADM) has partnered with Vedan International to launch a new line of specialty tapioca starches and tapioca maltodextrin ingredients.
According to the Food Labelling and Consumer Protection Act (FALCPA), if maltodextrins are produced from wheat, the word ‘wheat’ must be included on the food label. For meat, poultry, and egg products, however, which are regulated by the United States Department of Agriculture (USDA), the source does not need to be listed even if it is derived from wheat. Though, allergen statements are still encouraged.
- Increasing Demand due to Cosmetic Products
- High Demand due to Increasing Use in Various End-User Applications
- Rising Use of Maltodextrin Products in Food, For Sugar Replacement and Other Uses
- Government Regulation in Support of Maltodextrin
- Rising Demand for Sugar-Free Products
- Growing Food and Beverages Industry across the World
- Rising Use of maltodextrin Products in Food, For Sugar Replacement and Other Uses
- Concern Regarding Side Effects
Key Target Audience
Maltodextrin Manufactures, Maltodextrin Suppliers, Maltodextrin Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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