Maltodextrin Market is driven by increasing demand from food and beverage industry
The maltodextrin market has witnessed significant growth over the past few years owing to its high functionality and wide array of applications in various industries including food and beverages, pharmaceuticals, and others. Maltodextrin is produced by the partial hydrolysis of cornstarch. It typically has a dextrose equivalent ranging from 3 to 20 and is mainly used as a dispersing agent, thickening agent, stabilizer, bulking agent, and texturizer. Some key advantages of maltodextrin include easy functionality, high soluble fiber content, low cost, and versatility across multiple applications. With rising demand for nutritional foods and functional additives, the need for ingredients like Maltodextrin Market Growth has increased substantially over time.
The global maltodextrin market is estimated to be valued at US$ 3,571.9 million in 2021 and is expected to exhibit a CAGR of 5.1 % over the forecast period (2021-2028).
Key Takeaways
Key players operating in the maltodextrin market are Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Roquette Frères S.A., Tate Lyle Plc, Penford Corporation, Grain Processing Corporation, Zhucheng Dongxiao Biotechnology Co., Ltd., and Tereos Syral S.A.S.
The growing demand for functional foods with low glycemic index properties is a major factor driving the growth of the maltodextrin market. Maltodextrin possesses certain functional properties that make it suitable for use in various health-based food products.
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