The Global Maltodextrin Market was worth USD 3.41 billion in 2016 and estimated to be growing at a CAGR of 6.85%, to reach USD 4.75 billion by 2021. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in its industry.
Maltodextrin is a food substance that is produced from starch and is readily digestible, being absorbed as quickly as glucose and can be either sweet or tasteless. It is generally used in the preparation of soft drinks and toffees.
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Rising Demand for GMO-free Maltodextrin, gradual penetration into Veterinary Healthcare, and growing application as industrial chemicals are the major factors that lead to the growth of Maltodextrin Market.
- End User
Scope of the report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
The Global Maltodextrin Market is segmented on the basis of Product into Maltodextrin and Corn Syrup Solids, and Tapioca Maltodextrin and Tapioca Syrup Solids.
On the basis of End-User, the market is segmented into Food & Beverage, Pharmaceuticals, Paper and Pulp Industries and Others.
On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Middle-east and Africa and Latin America. The Global Maltodextrin Market was dominated by North America, with the largest market share globally.
Europe is the second largest market globally, whereas the Asia Pacific is predicted to show the highest CAGR during the forecasting period.
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Some of the major companies dominating the market, by their products are The Archer Daniels Midland Company, Ingredion Incorporated, Grain Processing Corporation, Penford Corporation, Tate & Lyle Plc, Cargill Inc., Roquette Freres SA, Tereos Syral, and Zhucheng Dongxiao Biotechnology Co., Ltd.
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