Maltodextrin Industry by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices

The global maltodextrin market reached a value of about 4.24 MMT in 2021. The industry is projected to grow at a CAGR of around 4.2% in the forecast period of 2022-2027 to reach a value of 5.21 MMT by 2027.

The global maltodextrin industry report gives a comprehensive analysis of the industry including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects.  Regardless of the economic crises 2020-2021, the maltodextrin industry has implemented new approaches and developed skills to regain its strength in the market. There is a continuous demand for maltodextrin as an ideal carbohydrate that is being used to produce nutrition in sports food, infant formulae, and clinical applications which is constantly advancing the growth throughout the forecast period. The key demand indicator in the industry report is the highest category spender by region— North America.

Industry Definition and Segmentation

Maltodextrin which is a polysaccharide is obtained from starch through process of partial hydrolysis and is primarily used as a food additive. In appearance it is a white hygroscopic spray-dried powder and is usually applied in soft beverages and energy drinks, infant foods, breweries, ice-creams, candy, and other types of processed food products. In pharmaceutical industry maltodextrin is used in the form of diluents in tablets and layering material for the microencapsulation of several complex nutraceuticals like vitamins. Furthermore, it is utilised as an essential horticultural insecticide both in the field and in greenhouses. Maltodextrin is also used as an application in breweries as it improves the head preservation and desiccation of the drink. The maltodextrin industry report comprises segments based on by source (corn-based, wheat-based, potato-based, cassava-based, and others like rice, banana, etc.), form (Spray-Dried Powder and Instantized or Agglomerated), application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Daily and Fine Chemicals, and Others) and region (North America, Latin America, Europe, Asia Pacific, and MEA).

North America and Europe Regions are Driving the Growth of the Industry

Owing to the rising consumption of ice creams, and sports and instant energy drinks North America and Europe have been important drivers of growth over the past years. These regions are projected to persistently drive the industry towards growth during 2022-2027. Besides, the market is primarily driven by rising demand from downstream industry for producing goods like ice-cream, milk powder and other instant drinks. One of the main driving factors for the maltodextrin market is sugar free food. It is safe for diabetic patients as it not real sugar and hence it is predominantly used for manufacture sugar free items. In addition, because of its innate polymetric structure, maltodextrin is used as diluents in sachets and single-unit dosage formulations in the entire pharmaceuticals segment. The corn-based maltodextrin is extensively used in the manufacturing of baby food products as it helps stabilising the intestinal osmolality and improving hydration in infants.

The demand for maltodextrin may come down in Latin America, South America, and Central Europe in the years to come due to the side effects and health concerns such as blood sugar, extra fat, allergic reactions, weight gain, chronic inflammatory diseases, etc. related to its consumption. Higher demand for gums as alternatives for glucose, dextrose and maltodextrin may also restrict market growth. Moreover, gluten intolerant people may also not choose products manufactured using maltodextrin.

Best Procurement Practices

The global maltodextrin industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major maltodextrin products utilising regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Maltodextrin is a variant of carbohydrate; however, it is intensely treated by acid-catalysed hydrolysis and forms into a white powder like substance derived from rice, corn, wheat, or potato starch. Its producers cook it initially and later add acids or enzymes to break it further. The ultimate product is a water-soluble white powder which has a no taste of its own. Maltodextrin is marketed in the form of white powders and distilled solutions. This powder form is utilised as a preservative in the foods, substituting sugar and enhance their consistency, shelf life, and taste.

Increased Demand for Sugar Substitutes in Food and Beverage Industries is Further Driving the Procurement of Maltodextrin

Maltodextrin, owing to its brilliant texturizing, emulsifying, and no crystallising qualities, is widely used as thickener, stabiliser, and filling agent to produce a variety of products such as soft beverages and instant energy drinks, ice cream, and gelatine. Such comprehensive utilisation of maltodextrin in food and beverage industry and the rising demand for all the mentioned products is projected to generate profitable sales prospects in the market. Numerous leading players in the market are targeting to augment their manufacturing capacity to benefit from these opportunities. For example, in 2018, Cargill Inc., declared financing USD 40 million to extend it production unit in Davangere, Karnataka. This was done with aim to support the organisation to increase the production of maltodextrin, glucose, and starches from 800 TPD to 1200 TPD. Such an array of developments was estimated to push the demand by 4.8% year-on-year in 2021.

The major regions in the industry are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Key Industry Players Mentioned in the Maltodextrin Industry Report

• Cargill Incorporated
• Archer Daniels Midland Company
• Shandong Xiwang Group Co., Ltd.
• Ingredion Incorporated
• Roquette Frères SA
• Tereos Starch & Sweeteners
• Tate & Lyle PLC
• AGRANA Beteiligungs-AG
• Avebe U.A.
• Matsutani Chemical Industry Co., Ltd.

Market Landscape

The corn-based segment among other source sections is anticipated to outperform the rest, growing at the rate of 4.3% CAGR between 2021-2031.  The most important reason for driving the market is the high demand for low-cost food stabilisers to enhance the flavour, texture, and shelf life of the food products. The maltodextrin market in India held share of 23.6% in Asia Pacific in 2021 because of the increasing merchandising maltodextrin that is corn-based, wheat-based, and cassava-based within Asia Pacific countries, thus driving the growth in the Indian market. Besides, the spray dried powder segment is projected to take the lead in the market due to its demand of about 63% share between 2021 and 2031.

Key Initiatives by Companies

• In 2021, the US based privately held global food corporation, Cargill revealed about augmenting its present product range by introducing a new rice flour-based maltodextrin replacement called SimPure. SimPure can be utilised as one-to-one alternative for maltodextrin and enhances its feel in the mouth.
• In 2018, an innovative range of speciality tapioca starches and tapioca maltodextrin constituents was introduced by ADM in collaboration with Vedan International Limited. This new tapioca maltodextrin developed by ADM is non-GMO and is obtainable in an organic version and its modified starches are also available as non-GMO.
• In July 2018, TASTEVA M Stevia Sweetener, a Reb M stevia sweetener, was developed and introduced by Tate & Lyle. This new sweetener can be used for decreased-sugar goods for food and beverage.