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Maltodextrin Market Trends

Report ID: GMI7599
Published Date: Dec 2023
Report Format: PDF

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Maltodextrin Market Trends

Increased consumer awareness and demand for clean-label and natural products are steering manufacturers toward developing organic and non-GMO maltodextrin variants, catering to health-conscious preferences. Moreover, the rising consumption of functional and fortified foods has expanded the application scope of maltodextrin in the food and beverage industry, with a focus on its role as a texture enhancer, stabilizer, and thickening agent.

The market is witnessing technological advancements aimed at improving production processes to ensure higher quality and purity of maltodextrin. Additionally, sustainability concerns are driving innovation towards eco-friendly sourcing and production methods, aligning with consumer expectations for environmentally responsible practices. As the market continues to evolve, customization and product diversification to meet specific industry requirements and expanding applications are becoming crucial strategies for companies to maintain a competitive edge.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of maltodextrin reached USD 3.26 billion in 2023 and is set to grow at 4.6% CAGR from 2024 to 2032, due to widespread application across various industries, such as food and beverage, pharmaceuticals, and cosmetics.

The corn-based source segment held 44.6% of the market share in 2023, owing to its widespread availability, cost-effectiveness, and versatile applications across various industries.

North America market held 34.3% of the revenue share in 2023, attributed to the widespread usage across diverse industries, prominently in the food and beverage sectors of the region.

Grain Processing Corporation, Frères, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, and Avebe are some of the major maltodextrin companies worldwide.