Global Maltodextrin Market Is Estimated To Witness Significant Growth Owing To Growing Use In Food And Beverage Industry And Growing Demand For Organic And Non-GMO Crops

 

Maltodextrin Market

Overview:

Maltodextrin is also used as a flavoring agent and essence in beverages and frozen foods. It also improves the dryness and head retention of soft drinks and ice cream. The use of maltodextrin in food and beverage industry is expected to expand significantly over the forecast period due to its increased application in processed foods, sports supplements, infant foods, animal feeds, and confectioneries. Resistant maltodextrin is an important ingredient in many health-related products and is used to replace sugar without compromising taste, texture, and mouthfeel. It is widely used in a variety of foods and beverages such as dairy-based products, soups and broths, breads, crackers, baked goods, and desserts. Rising health consciousness among millennials is promoting the use of resistant maltodextrin in various products. Moreover, the demand for low-calorie food products is also boosting the growth of resistant maltodextrin.

Market Dynamics:

Increasing partnerships among key players are estimated to augment growth of the global Maltodextrin Market over the forecast period. For instance, Cargill, Inc., declared their partnership with Starpro, in April 2021. This partnership will help in expanding their operations in Asia-Pacific region. Moreover, easy availability of gums as an alternative is anticipated to restrain growth of the global maltodextrin market over the forecast period.

Impact of COVID-19:

The pandemic led to imposition of strict lockdown in many regions. It also hampered many businesses around the world. These restrictions led to shutting downs of manufacturing units in many industries like automobiles, electronic, food and beverages. There was a shortage of raw materials in many industries and also lack of skilled labor. This also hampered the demand for maltodextrin in the market. Thus, the growth of the global Maltodextrin Market was restrained owing to the pandemic. However, the market is estimated to witness growth as manufacturer are adopting new strategies for growth of the business. Several restrictions also have been eased.

Key Takeaways:

The global Maltodextrin Market is expected to witness high growth, exhibiting CAGR of 5.1 % over the forecast period, due to increasing acquisitions by key players. For instance, Tate & Lyle PLC declared that they have acquired 85 percent stake in Thailand's Chaodee Modified Starch Co Ltd., in February 2021.

North America is anticipated to witness significant growth in the global maltodextrin market over the forecast period, owing to growing demand for plant-based food additives and increasing awareness regarding health.

Major players operating in the global Maltodextrin Market are kengSeng Group Of Company, Hunan Er-Kang Pharmaceutical Co., Ltd, Lentus Foods & Agro Ltd, American Key Food Products, Maltodextrin Vietnam, Cargill, Incorporated, Dadtco Philafrica B.V., SPAC Starch Products (India) Ltd, Psaltry International Limited, Ingredion Incorporated, EIAMHENG MALTODEXTRIN STARCH INDUSTRY CO., LTD., and Maltodextrin Starch Industry Co., Ltd.


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