The Global Maltodextrin Market is expected to
observe a rising CAGR in forthcoming period owing to its highly prevalent
demand in Chemical industry. Maltodextrin is a group of complex sugars that is
used as a food additive in order to thicken food products. It is produced from
starch by partial hydrolysis and typically found as white powder. It is
generally used for production of candy, soft drinks. The factors that propel
the growth of the global Maltodextrin Market Size include its usage in
breweries as it increases the head retention and dryness of the drink, safe for
diabetic patients as it is not true sugar, and rising demand for products like
milk powder, ice-creams, soft drinks, infant formulae, etc.
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On the other hand,
there are also factors that hamper the growth of the global Maltodextrin Market
Size such as the persons suffering from gluten intolerance will not be able to
go for these products. On the basis of applications, the global Maltodextrin
Market Size is classified as Food & beverage, Pharmaceuticals, Personal
care/cosmetics, Paper & pulp industry, and others. The other applications
include agriculture, leather processing, and the other industrial applications.
Amongst the applications sector, food & beverages
industries accounted for the major share of the global Maltodextrin Market Size
in 2014 and will also continue to sustain their governance in the global Maltodextrin
Market Size. The food & beverages industries are traced by Pharmaceuticals
and contribute for the second largest share of the global Maltodextrin Market
Size in 2014. Additionally, the Industrial application of maltodextrin in the
production of paints, adhesives, cosmetic hair styling products, etc. is also
projected to have a prospective in the market.
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On the basis of geography, the global Maltodextrin Market
Size is classified as North America, Europe, Asia Pacific, and Rest of the
World. Amongst the geographical regions, North America is projected to dominate
the global Maltodextrin Market Size. The factor that propels the growth of the
North American region is the widespread use of maltodextrin in pharmaceuticals
industries based in the US. In Western Europe, greater approval of maltodextrin
for spray drying encapsulation procedures for food products and use of
maltodextrin as a milk replacer in dairy products, as a hydrocolloid in
manufacture of yogurt products and jelly-based confectionary food items are
fuelling the growth.
On the contrary, Asia Pacific has a considerable growth rate
owing to upsurge intake of GMO-free food products in APAC countries.
Furthermore, the intake of maltodextrin in the Asia Pacific region will be
extensively influenced by its growing use as an additive in milk powder, dry
mixes, infant formulae, nutritional food products, etc. Some of the key players that fuel the growth
of the global Maltodextrin Market Size include Tate & Lyle Plc, Cargill
Inc., Roquette Freres SA, The Archer Daniels Midland Company, Ingredion
Incorporated, Grain Processing Corporation, Penford Corporation, TereosSyral,
and Zhucheng Dongxiao Biotechnology Co., Ltd.
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