Global Dextrin Market Is Estimated To Witness High Growth Owing To Growing Use In Medicines And Rising Research And Development Activities

 

Dextrin Market

Overview:

Dextrin is a polysaccharide that consists of D-glucose units linked by a-(1-4) or a-(1-6) glycosidic bonds. Dextrin is a soluble carbohydrate obtained from the partial hydrolysis of starch by heat or acid, and is a commonly used mucilage. It can be converted from various types of starch, with the most common being potato and tapioca starches. It is made from hydrolyzing starch or glycogen and can be produced by enzymatic or drying processes. The most common use of Dextrin is in adhesives and glues, including postage stamps, envelopes, and labeling adhesives. They are also used as a printing thickener, sizing agent, and mucilage in the textile industry. There are many different types of dextrins, and they all have a variety of properties. They can be partially or fully water-soluble and can be found in white, yellow, or brown powder.

Market Dynamics:

Rising product launches are estimated to augment growth of the global Dextrin Market over the forecast period. For instance, Cargill has launched PlantEver™, a plant-based protein consumer brand in China in June 2020.  PlantEver™ is offering two plant-based products a beef-substitute patty and chicken-substitute nugget. Moreover, growing side effects is anticipated to restrain growth of the global dextrin market over the forecast period.

Impact of COVID-19:

The pandemic had a devastating effect on many industries. The pandemic had severe impact on many countries globally and these nations led to imposing strict restrictions, to prevent further transmission of the virus. The pandemic affected the demand and supply of several products during the pandemic. The growth of the Dextrin Market was affected due to the outbreak of COVID-19. As many manufacturing units were shut down and this caused a decrease in demand and production. Thus, the pandemic had a negative impact on the growth of the global dextrin market. However, now the market is estimated to witness high growth as all restrictions have been eased. 

Key Takeaways:

The global Dextrin Market was valued at US$ 2,785.80 Mn in 2021 and is expected to reach US$ 4,032.7 Mn exhibiting a CAGR of 3.4% during the forecast period 2022-2030. For instance, Ingredion Incorporated announced that they have endorsed an agreement with Suzy Amis Cameron and James Cameron for gaining the remaining ownership of Verdient Foods Inc., in January 2020.

North America is anticipated to witness significant growth in the global dextrin market over the forecast period, owing to growing adoption of dietary products and rising health consciousness among population.

Major players operating in the global Dextrin Market are Avebe, Archer Daniels Midland Company, Emsland Group, Cargill, Inc., Agridient Inc., Tate & Lyle, Meelunie B.V, Roquette Frères S.A, Ingredion Incorporated, and American Key Products, Inc.