Dextrin Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI1889
Dextrin Market size shall witness a healthy growth with application in food, cosmetic, paper and pharmaceutical industry. With health benefits including supporting healthy cholesterol level, maintaining blood sugar, promoting healthy intestinal flora, and supporting heart health, their consumption in pharmaceutical industry expected to increase. These are also used in cosmetics for hair and skin care products. Cosmetic industry is rising at a CAGR of more than 4% up to 2024, which in turn will drive demand for dextrin market. Nowadays, people have become health conscious and prefer fat free foods and these are used in foods as substitute to fat. These factors are expected to propel the dextrin market.
Dextrins are obtained in powdered form that makes it easy for handling and transportation and is cost effective. With recent research and development, methods have been developed for their generation naturally from vegetables extracts and wheat. There is increase in their use as substitute of synthetic adhesives in paper industry. These contain fibres that are bulk and break down slowly. This imparts a feeling of satiation and thus helpful in providing sustained and natural weight loss and hence preferred by people using in dietary products. Such factors are further expected to boost dextrin market growth.
They are mixture of low molecular weight carbohydrates and produced from starch or glycogen by hydrolysis. In industries, these are produced by pyrolisis or roasting. In roasting process, short chained starch parts and starch hydrolyses rebranch with alpha (1,6) glycosidic bonds. Pyro types are developed through heat process. These are partially or fully water soluble and gives optically active solution having low viscosity. Dextrins are generally in white, yellow and brown powder form.
Synthetic adhesives cannot be completely replaced by them owing to relatively low cost, stable quality and good availability of synthetic adhesives. As a fibre supplement these may cause gas, bloating and diarrhoea. Further these have low moisture resistance and can lead to mold growth. Such factors may restrict the dextrin market development.
On the basis of powder form, market is segmented into white, yellow and brown form. White powder has major share in dextrin market owing to their use in food processing, textile, pharmaceuticals, and explosives & fireworks industry. They enhance crispiness, flavour and colour in bakery products. Bakery industry is developing at a CAGR around 6% by 2024, that in turn is driving the dextrin market. In pharmaceuticals and paper coatings, these are used as thickening and binding agent. Yellow type is used as adhesive in remoistable envelopes, as strength additive in casting, as binders in paints and as printing thickener in dyeing industry.
Based on type, dextrin market is classified into malto, amylo, beta & alpha limit and highly branched cyclic type. Malto type has major share with their use in food additive industry. These are moderately sweet, can be easily digested and absorbed. Cyclo types are produced by enzymatics degradation of starch and have toroidal structure. Amylo types are linear and produced by enzymatic degradation of starch.
With respect to application, dextrin market is segmented into food, pharmaceutical, cosmetics and paper industry. Food industry has major share owing to its high consumption in bakery, dairy, confectionary and dairy products. With increase in health consciousness among the people, these are consumed as health supplements as they help in natural weight loss. In dairy business, these are used as alternative of fat. They are also used in pharmaceutical industry as thickening and binding agent but in addition these lower bad cholesterols and limit the blood sugar level. As a thickening inks and support binding, there is an increase their applications. Ink industry is witnessing a healthy CAGR of 4% by 2024 and its will be a driving factor for dextrin market growth.
North America has major share in global dextrin market owing to the increase in buying efficiency, flourishing cosmetics industry and growth in use of dietary products. As per recent study, around one third of the adult population in this region are obese that has increased the intake of dietary products which boost dextrin consumption.
Europe, particularly led by Germany has significant share owing to flourishing food industry. There are around 310,000 food industries in Europe that are driving the use of dextrin. Asia Pacific has decent share and showing substantial growth with increase in population and rising living standards. With growing population, use of hair and skin care products has also increased.
Major industry players in dextrin market include Sunar Group, Visco starch, True Protein, Dinosaur Nutrition Labs, Nutricia and Millecor. Some of the other prominent companies include Everest Starch (Ind), Parchem Fine & Specialty Chemicals, Cargill, Sanstar Bio and Avebe.
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