According to FMI’s most recent research, the worldwide maltodextrin market will reach US$ 3.61 billion in 2021. The increasing use of maltodextrin in cosmetics and personal care, medicines, and everyday and fine chemicals is driving up demand. As a result of this, the market is expected to reach US$ 5.87 billion by 2031, growing at a CAGR of 5% from 2021 to 2031.
In the food and beverage business, maltodextrin is increasing popularity. Because of its outstanding texturizing, emulsifying, and non-crystallizing qualities, it is widely employed as a thickening, stabilizer, and filling ingredient in the production of soft and instant drinks, ice cream, and gelatins. As a result, rising demand for the aforementioned products is expected to open up profitable sales prospects.
Key Takeaways from Maltodextrin Market Study
- The US market is expected to account for the largest share in North America, growing at a CAGR of 4.3 percent over the forecast period.
- Sales in Europe are expected to grow at a 3.8 percent compound annual growth rate (CAGR) through 2031, thanks to rising demand for sports beverage products in Germany, France, and the United Kingdom.
- By the end of 2021, China is predicted to emerge as a lucrative market, with an incremental potential worth US$ 413.6 million.
- In 2021, India is expected to have a considerable portion of the Asia Pacific market, accounting for about 23.6 percent of total sales.
- The spray-dried powder segment is expected to lead the market in terms of form, accounting for roughly 63 percent of demand.
According to FMI, the top ten players in the worldwide maltodextrin industry will control between 30% and 50% of the market in 2021.
To achieve a competitive advantage, leading players are focusing on introducing unique products. Aside from that, certain firms are forming strategic alliances, mergers, agreements, partnerships, and acquisitions to increase their production capacity and market share. For example,
- In 2021, Cargill, a privately held multinational food giant based in the United States, announced the development of a simple, novel rice flour-based maltodextrin alternative. It improves mouthfeel and can be used to replace maltodextrin in a 1:1 ratio.
- In 2018, Archer Daniels Midland Company (ADM), a multinational food processing company based in the United States, announced a partnership with Vedan International, a manufacturer of fermentation-based food additives, to offer a line of specialty tapioca maltodextrin and tapioca starches components. This collaboration will help both organizations expand their presence in the maltodextrin market.
Some of the key players operating in the market profiled by FMI are:
- Grain Processing Corp
- Cargill Inc.
- Archer Daniels Midland Company (ADM),
- Tate and Lyle
- Agrana Group