Maltodextrin Market Research Report—Global Forecast till 2030

Maltodextrin Market Research Report Information By Source (Corn, Wheat, Potato and Others), By Form (Spray Dried Powder and Agglomerated), By Application (Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care Products and Agriculture), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2030

ID: MRFR/F-B & N/10254-CR | 128 Pages | Author: Pradeep Nandi | May 2023         

Global Maltodextrin Market Overview

Maltodextrin Market Size was valued at USD 3.15 billion in 2022. The Maltodextrin market is projected to grow from USD 3.29 Billion in 2023 to USD 4.50 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.62% during the forecast period (2023 - 2030). The wide usage of maltodextrin in various applications such as food and beverages, pharmaceuticals, agriculture and many more is expected to fuel its market growth during the forecast period.
Maltodextrin Market Overview
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Maltodextrin Market Trends

  • The Functional Properties Associated with Maltodextrin Surging its Application in Food & Feed Industries

Maltodextrin is composed of maltose, polysaccharides, oligosaccharides, and glucose. Hydrolysis of starch, refinement, and spray-drying are all steps in the production of maltodextrin, which is 15-20% equal to dextrose. Maltodextrin is one of the artificial sugars with a mild, sweet taste. Maltodextrin is commonly used as a food additive and is available in various packaged foods such as seasonings, cereal, potato chips, desserts, soups & sauces, canned fruits, snacks, spice mixes, baked goods, instant pudding, salad dressings, nutrition bars, sauces, yogurt, sugar-free sweeteners, cake mixes, and meal replacement shakes among others. As compared with sugar, maltodextrin has fewer calories, owing to which it is also being used to produce sugar substitutes. Moreover, maltodextrin is also being used in coffee whiteners, imitation cheeses & sour creams, along with whipped toppings. In addition, maltodextrin is also being used as binding, crystal inhibition, and plasticizing in confectionary for candy coating, soft-center candies, glazing, and frosting, for snack and nut coating. Maltodextrins are also being used to improve the hygroscopic features in hard candies. To produce any food or beverage items, it is used in very small quantities, so that it does not cause any hindrance to the fat, fiber, and protein content of that product. Moreover, maltodextrin is also considered a multi-functional ingredient in the food and beverage industry owing to which it is facing very higher demand across the globe.

Apart from the food and beverage industry, maltodextrin is also facing very higher demand in the pet food, and animal feed industry owing to its functional properties such as stabilizing, thickening, anticaking, and bulking. In 2017, AFFCCO approved the application of maltodextrin to produce pet food, poultry feed, and other animal feed and animal nutrition products. Maltodextrin is also being used to produce various products associated with livestock feed and their health. Maltodextrin-based food products support the digestive health of cattle and pets, owing to which it is widely being used to produce pet food and animal nutrition products.

The benefits associated with the consumption of maltodextrin-based products among the population along with surging demand for healthy pet food and cattle health products among pet parents are the major key enablers surpassing the growth of the maltodextrin industry and are projected to observe significant growth during the forecast years.

Maltodextrin Market Segment Insights

Maltodextrin Source Insights

The Maltodextrin Market segmentation, based on source, includes corn, wheat, potato, and others. The corn segment held the majority share in 2022 contribution to around 53% in respect to the Maltodextrin Market revenue. This is mainly owing to the wide usage of corn as a raw material for the preparation of maltodextrins owing to the higher availability and production of corn in some of the key producing markets. The production of maltodextrin from corn involves the use of corn starch and its use is very prevalent in US maltodextrin production. Corn maltodextrins classification as a measure for dextrose equivalent (DE) range to 20, the lower maltodextrins account for a lesser glycemic index value and sweetness.

December 2019: Through a collaboration with IMCD, a preeminent distributor of specialised chemicals and food additives, Archer Daniels Midland Company increased the reach of its starch portfolio to Canada. Purchasers in the Canadian market will have access to tapioca starch, maize starch, and tapioca maltodextrin in addition to several other ADM products.

Maltodextrin Form Insights

The Maltodextrin Market data has been bifurcated by form into spray dried powder and agglomerated. The spray dried powder segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Spray dried maltodextrin powder is a type of maltodextrin powder which is obtained using the spray drying technique which prevents the heat-sensible components from higher temperature during drying. The spray dried powders have better solubility in both liquid and cold solutions. They are used for different functions in bakeries, dry mixes, confectionery, and dairy & ice creams.

Figure 2: Maltodextrin Market, by Form, 2022 & 2030 (USD Billion)
Maltodextrin Market, by Form, 2022 & 2030
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Maltodextrin Application Insights

Based on application, the global Maltodextrin industry has been segmented into food & beverages, pharmaceuticals, cosmetics & personal care products, and agriculture. The food & beverages held the largest segment share in 2022. The food & beverages sector is the leading user of maltodextrin in various products. Properties of maltodextrins including fat replacement ability, thickening, stabilizing, bulking, anti-caking, etc. are used in food & beverage product formulations. One of the key prominent uses of maltodextrin in the sector is the conversion of liquid or oil-based products into powder form. For instance, maltodextrin is used in the preparation of instant pudding mixes. It is also widely used in low-calorie food products as a fat-replacement ingredient without affecting the mouthfeel and taste of the final product.

Maltodextrin Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. North America Maltodextrin market accounted for USD 1.60 billion in 2022 and is expected to exhibit a 4.25% CAGR during the study period. This is mainly owing to the increased preference for sugar-reduced products and low-calorie food products among consumers increasing over the years. Food & beverage manufacturers are also launching low-calorie products in line with the government initiatives in the region including the sugar tax; National Salt and Sugar Reduction Initiative; National Strategy on hunger, nutrition, and health; etc. are expected to fuel the demand for the maltodextrin used in such products which are anticipated to boost the growth of the market. According to the Cleveland Clinic article on gluten intolerance, around 6% of the US population is tolerant of gluten consumption. Beyond Celiac, a research and patient advocacy firm working on celiac disease in its Annual Celiac Landscape report has estimated that around 3.2 million population in America have gluten sensitivity and celiac disease. Further, it highlighted that around 53% of the citizens in America believe that a strict and completely gluten-free diet is the only solution to control gluten sensitivity. This increase in preference for a diet that supports gluten intolerance and/or celiac diseases is expected to create opportunities for the players in the maltodextrin market in the region.

Further, the major countries studied are: The U.S, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, Australia & New Zealand, and Brazil.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The Asia-Pacific Maltodextrin Market accounts for the second-largest market share in 2022. This is mainly owing to the increasing disposable income in and changing lifestyles in key economies like China, India, Singapore, Australia, New Zealand, and Japan among others are impacting the demand for various food & beverage products and personal care items. In addition, the shifting consumer preference towards personal grooming and looking good is driving the growth of the cosmetics sector in the region which is also positively impacting the maltodextrin market in the Asia-Pacific region. In addition, the rising government initiatives to reduce the sugar content in food & beverage products in countries like Malaysia, India, China, Singapore, and the Philippines along with the shifting consumer preference for sugar reduced & low-calorie products are anticipated to create lucrative opportunities for the players in the market. Moreover, India Maltodextrin market held the largest market share, and the China Maltodextrin market was the fastest-growing market in the Asia-Pacific region.

Europe Maltodextrin market is expected to grow at a CAGR of 4.62% from 2023-2030. Consumer research conducted among teenagers on sugary drinks in Europe and Ireland by the Dental Health Foundation Ireland has highlighted that around 11% of the lowest class group of children are consuming sugary soft drinks daily. The Union of European Soft Drinks Association has been taking significant steps to reduce the addition of sugar in soft drinks over the years. For instance, the association has achieved a sugar reduction in soft drinks by 13.3% in the period between 2000 and 2015 in line with the EU to reduce the added sugars by 10% by 2020. Further, the U.K. Maltodextrin market held the largest market share, and the Germany Maltodextrin market was the fastest-growing market in the North America region.

Maltodextrin Key Market Players & Competitive Insights

Major market participants are spending a lot of money on R&D to increase the range of their products, which will drive the maltodextrin market's future expansion. Market participants are also introducing new products, signing agreements, buying businesses, raising investments, and working with other organizations to broaden their worldwide reach. To grow and survive in a more cutthroat and competitive market climate, maltodextrin business competitors must provide affordable products.

One of the primary business strategies adopted by manufacturers in the global maltodextrin industry to benefit clients and expand the maltodextrin market sector is to manufacture locally to reduce operating costs. In recent years, maltodextrin has provided enormous benefits to its consumers.

Key Companies in the Maltodextrin market includes.

  • Cargill Incorporated

  • Ingredion Incorporated

  • Archer Daniels Midland Company

  • Tate & Lyle

  • Tereos

  • Zhucheng Dongxiao Biotechnology

  • Agrana Beteiligungs-AG

  • Roquette Freres

  • Grain Processing Corporation

  • Lehmann Food Ingredients

Maltodextrin Industry Developments

September 2022: To address the demand for starches, sweeteners and feed in Asia and Indonesia, Cargill opened a new maize wet mill in Pandaan, Indonesia. Maltodextrin, sorbitol, glucose, and other high-value speciality goods are made from maize starches in Indonesia and sold to more than 40 countries in Asia and Africa, including Egypt, Japan, the Philippines, India, South Africa, Australia, and Vietnam.

April 2021: Cargill has announced a partnership with Starpro, the leading food-grade tapioca starch producer in Thailand, to expand its specialty tapioca starch offerings in the Asia Pacific region, supporting the product processing requirements of food manufacturers and meeting the sensory expectations of consumers.

Maltodextrin Market Segmentation

Maltodextrin Source Outlook

Maltodextrin Form Outlook

  • Spray Dried Powder

  • Agglomerated

Maltodextrix Application Outlook

  • Food and Beverage

    • Bakery & Confectionary

    • Infant Formula

    • Beverages

    • Snacks

    • Pharmaceuticals

    • Cosmetics & Personal Care Products

  • Agriculture

Maltodextrin Regional Outlook

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • France

    • Germany

    • Italy

    • Spain & Portugal

    • Austria & Switzerland

    • UK & Packaged FoodAsia-Pacific

    • China

    • Japan

    • India

    • Australia & New Zealand

    • Rest of Asia-Pacific

  • Rest of the World

    • South America

    • Middle East & Africa

Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 3.15 billion
Market Size 2023 USD 3.29 billion
Market Size 2030 USD 4.50 billion
Compound Annual Growth Rate (CAGR) 4.62% (2022-2030)
Base Year 2022
Forecast Period 2023-2030
Historical Data  2019-2021
Forecast Units Value (USD Billion) & Volume (Kilo Tons)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Source, Form, Application and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Mexico, Germany, France, Germany, Italy, Spain & Portugal, Austria & Switzerland, UK & Ireland, Benelux, Nordics, Central & Eastern Europe, Southern Europe, China, Japan, India, Australia & New Zealand, Rest of Asia Pacific, South America, Middle East and Africa.
Key Companies Profiled Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle, Tereos, Zhucheng Dongxiao Biotechnology, Agrana Beteiligungs-AG, Roquette Freres, Grain Processing Corporation, Lehmann Food Ingredients.
Key Market Opportunities Cosmetic & Personal Care Industry: Paving the Way
Key Market Dynamics Rising Application of Maltodextrin in the Pharmaceutical Industry Rapid Product Innovation to Boost the Sales

Frequently Asked Questions (FAQ) :

The Maltodextrin market was valued at USD 3.15 Bn in 2022 and is expected to grow at a CAGR of 4.62% during 2022-2030.

Asia-Pacific Maltodextrin Market valued USD 0.92 Bn in 2022.

The growth rate of Maltodextrin Market is 4.62% during the forecast period 2022-2030.

North America held the largest market share in the Maltodextrin Market in 2022.

The key players in the Maltodextrin Market are Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle, Tereos, Zhucheng Dongxiao Biotechnology, Agrana Beteiligungs-AG, Roquette Freres, Grain Processing Corporation, Lehmann Food Ingredients.

The corn segment held the highest market share in the Maltodextrin Market in 2022.

The spray dried powder segment held the largest market share in the Maltodextrin market in 2022.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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