Maltodextrin Market Analysis, Statistics By Key Manufacturers 2024

The report titled “Maltodextrin Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global maltodextrin market in terms of market segmentation by type, by application and by region. 

 

The global maltodextrin market is segmented into application such as food & beverage, pharmaceuticals, paper and pulp industries and others, out of which, food & beverage segment is expected to dominate the overall maltodextrinmarket and is projected to grasp a remarkable CAGR by 2024. Likely, increasing demand for flavoured soups & dry mixes, confectionary & bakery and dairy products is predicted to foster the growth of global maltodextrinmarket.

 

Furthermore, mounting concerns regarding the potential health impact of genetically modified organisms (GMO) starches is expected to positively impel the growth of the global maltodextrin market over the forecast period.

 

Global maltodextrin market is anticipated to showcase a robust CAGR of 7.4% over the forecast period i.e. 2017-2024. Moreover, the global maltodextrinmarket is anticipated to account exponential sales by the end of 2024.  Additionally, the market is riding on the back of rising adoption of maltodextrin due to health benefits.

 

In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

 

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

 

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

 

 

As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation. 

 

 

In terms of geography, with 65% share, North America and Europe region are the most prominent regional markets of maltodextrin. Moreover, growing usage of maltodextrin food products in these regions are predicted to bolster the market of maltodextrin over the forecast period. Apart from this, increasing healthcare concern and increasing adoption of low calories dietary products is also projected to foster the growth of maltodextrin market in this region.

 

 

Rising demand and consumption of gluten free foods all across the globe is one of the key growth drivers of global maltodextrin market. Further, increasing usage of maltodextrin by athletes in order to maintain their carbohydrate intake is also believed to flourish the growth of maltodextrin market all across the globe.

 

 

Further, rising health concerns among the population along with swelled personal disposable income of consumers are believed to foster the growth of global maltodextrin market. Moreover, rising inclination towards nutritional foods is expected to fuel the growth of global maltodextrin market. Furthermore, wide application of maltodextrin in various industries such as pharmaceuticals and others is also anticipated to grow the market of global maltodextrin market.

 

 

Although, health related issues with the use of maltodextrin products are expected to inhibit the growth of global maltodextrin market. Moreover, Lack of awareness regarding the benefits of maltodextrin food products in undeveloped nations is anticipated to hamper the growth of maltodextrin market over the forecast period.

 

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

 

This report also provides the existing competitive scenario of some of the key players of the global maltodextrin market which includes company profiling of Archer Daniels Midland Company, Grain Processing co., Cargill, Inc., Matsutani Chemical industry Co,. Ltd., Nowamyl, Henan Feitian Agricultural Development Co., Ltd, Roquette Frères, San Soon Seng Food Industries sdn bhd., Agrana Group and Tate & Lyle. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global maltodextrin market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. 

 

 

 

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.