[278 Pages Report] In 2022, the global dextrin market is anticipated to be worth USD 2,980.8 Million. During the projection period, the market is expected to grow at a CAGR of 4.1%, reaching USD 4,202.9 Million. Factors bolstering the demand for dextrin:
Despite observing remarkable growth, the dextrin market share is expected to be obstructed due to several side effects that may arise from using too much dextrin, such as loss of consciousness, swelling, rapid breathing, etc.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2022) | USD 2,980 Million |
| Anticipated Forecast Value (2032) | USD 4,202.9 Million |
| Projected Growth Rate (2022 to 2032) | 4.1 % CAGR |
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North America is the largest dextrin market which is attributed to rising expenditure in the healthcare domain, and a large number of obese people. The region has witnessed an increasing demand for dextrin from the cosmetic and pharmaceutical sectors.
Moreover, the product comprises excellent film-forming capacity which makes it an ideal product in some of the specialty industries. Additionally, to curb or remedy obesity-related illnesses, the adult population in this region is thus turning toward healthy dietary products involving dextrin, which boosts its consumption.
The Asia Pacific is the second largest market for dextrin owing to the increasing demand for packaged food products amongst developing countries like China, Japan, and India. In addition, dextrin is widely utilized in the paper and textile industries in these countries.
Europe is a growing dextrin market owing to the increasing adoption of dextrin in the food industry as a thickener and food-finishing product, in this region. Moreover, countries such as the Netherlands and Germany are dominating markets for dextrin.
Dextrin is being considered to be deployed for use in medicines as an emulsifier and binding agent. Likewise, it is further increasingly being used as a finishing agent and textile coating to enhance the stiffness and weight of textile fabrics. Since dextrin is chemical free, it is extensively utilized in the textile industry.
Manufacturers aim to expand the availability of their texture portfolio. They can support developers and formulators with access to a wide range of capabilities and value-added services, including market-ready applications support, and assurance of supply backed by a global supply chain, by making high-quality, on-trend dextrin solutions.
The adoption of dextrin is expected to increase amongst end users as they create stronger bonds, more tack, and faster-drying properties than pastes made from unmodified starches, and can be used at higher solid levels than modified or native starches.
Dextrin pastes can be used in adhesives and coatings that come into contact with child-safe school pastes, textile sizing, remoisten able wallpaper, food products, bag/envelope seams, and paper, and also provide excellent machinability. Manufacturers are developing these starches to be used as a thickening and gelling agent, as well as in adherence, stabilization, and texturization, retention of humidity, amongst other applications.
Manufacturers developed white dextrin for a multitude of applications, one of which is its utilization as the calendar stack or size press for sizing specialty grades such as transparentizing parchment. Whereas, yellow dextrin is being used in dry distemper to act as a carrier and imparts good adhesions of the color to the wall.
Furthermore, manufacturers claim that dextrin provides ease of use at high concentrations due to its processability. In the Asia Pacific, key manufacturers are focusing on introducing plans for alcohol-free beer containing indigestible dextrin, which slows the body’s absorption of sugar and fat. It is expected to be calorie-free and contains zero sugar. These factors are anticipated to propel the global dextrin market share.
There are various health benefits associated with dextrin like the maintenance of digestive health, and balancing a healthy blood sugar level. Dextrin has been also shown to reduce triglyceride levels, which can increase the risk of strokes and heart disease. With growing awareness of benefits of the dextrin in food and the rising application of dextrin in food and beverages, the cosmetic and pharmaceutical industry is anticipated to benefit the market in the forthcoming time.
In May 2020, Tate & Lyle, a renowned supplier of food and beverage ingredients, disclosed that they were witnessing a surged demand for shelf-stable foods and ingredients used in packaged in Europe and North America regions. The surge in demand for shelf-stable foods is projected to have positively influenced the market.
Principal Consultant
Increasing Demand for Dextrin in Healthcare and Pharmaceutical Industry to Favor the Market
The global dextrin industry is experiencing a significant rise majorly because of rising demand for dextrin the in healthcare and pharmaceutical sector which offers various health benefits. Dextrin with saline solution can dehydrate the body and dextrin can reduce the blood sugar level. Besides, the growing demand for natural ingredients is another salient factor that is likely to propel the market growth of the global dextrin market during the forecast period.
In an article in Medical News Today, in July 2018, FDA (U.S. Food and Drug Administration) revealed that maltodextrin is safe and secure to consume when taken in an appropriate amount. Along with this, maltodextrin has been considered the best choice for people who need immediate energy and muscle gain, and thus, several athletes use maltodextrin. Attributed to such factors, the global dextrin market is projected to expand in the forecast period.
Associated Side Effects with Dextrin to Hinder the Market
There are various benefits of consuming dextrin. However, there are several side effects of using a large number of dextrins like low blood phosphate, rapid breathing, swelling loss of consciousness, and other side effects. Such factors are expected to hamper the market in the forecast period.
However, the growing launch of new products is expected to counter the hampering factors and propel growth in the forecast period. For instance, in 2017, Grain Processing Corporation launched a new tapioca-based MALTRIN maltodextrin and syrup solids product line in the market. With the launch of a new product, the company is likely to strengthen its position in the global dextrin market.
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Growing Demand for Dextrin in the Textile Industry to Offer Various Opportunities for Expansion
The global dextrin market is expanding at a rapid pace owing to the rising demand for dextrin as a textile coating and finishing agent to enhance the stiffness and weight of textile fabrics. Besides, it is chemical free and thus it is used in the textile industry. Such factors are expected to contribute to offering remunerative opportunities to the industry during the forecast period.
In addition, the dextrin industry comprises market players innovating strategies to attract customers. For instance, Angel Starch And Food Private Limited, a manufacturer and exporter of industrial starch, provides several dextrin starches like Tapioca White Dextrin which is mostly used in textiles as a useful thickening agent and imparts stiffness to clothes. Thus, the market is expected to display lucrative opportunities in the forthcoming period.
Increasing Health-Conscious Population to Hamper the Market
According to the study, the food segment is anticipated to dominate the market during the forecast period. The domination of the segment can be attributed to the increasingly health-conscious population across the globe.
Further, the growing demand for dextrin in wheat dextrin, potato dextrin, corn dextrin, and others is another salient cause for strengthening the demand for dextrin in the food sector during the forecast period.
According to the study, the global dextrin market is expected to be dominated by North America during the forecast period. In 2022, the region is expected to secure 32.5% of the global revenue.
The domination of the region can be attributed to the increasing demand for dextrin from the cosmetic and pharmaceutical sectors. The cosmetic sector is expanding notably and dextrin is experiencing a significant rise in cosmetic hair and skin care products. The product comprises excellent film-forming capacity which makes it a demanded product in some of the specialty industries.
The region is home to various established cosmetics brands such as Huda Beauty, and Bobbi Brown, among others, which is expected to benefit the market in the forecast period.
As per the study, Europe is anticipated to be the second-largest market for dextrin market. In 2022, the region is projected to secure 26.8% of the global share. The growth of the regional market can be attributed to the increasing demand for dextrin in the food industry.
The increasing demand for wheat dextrin in the food industry for food finishing and as a thickener is likely to benefit the market in the forecast period. In Europe, Netherland and Germany are expected to lead the regional market for dextrin. Accredited by such factors, the market in Europe is expected to witness significant growth during the forecast period.
As per the observations, the market in Asia Pacific is projected to expand at the fastest growth during the forecast period. The expansion of the regional market can be attributed to the presence of developing countries like India, China, and Japan, among others.
Rising demand for packaged food products among consumers in developing countries such as China and India is expected to benefit the market in the forecast period. Other factors contributing to the regional growth of the market include increasing demand for dextrin in the textile and paper industries across India, China, Japan, and other countries.
Players in the region are taking various initiatives to boost market growth during the forecast period. For instance, in 2015, Kirin, a Japanese beverage manufacturer announced the launch of an alcohol-free beer with dextrin that helps with fat absorption. The company offers an indigestible form of the carbohydrate dextrin which slows the body’s absorption of sugar and fat. Attributed to such factors, the market in APAC is expected to grow significantly in the forecast period.
Saidex Industries, Delmetto Biomex, Stadex Chemicals, Venus Starch Suppliers, Aditiva Concepts AG, AVEBE European Sales Centre, Dowell Enterprises UK Limited, Hexion UK Limited, and Modexsa Modificdos y Dextrinas S.A, are some of the emerging names in the global dextrin market.
Key players in the global dextrin market include Visco Starch, Sunar Grup, Dinosaur Nutrition Labs, True Protein Pty Ltd., MILLECOR, Nutricia, etc. are among these.
Recent Updates from the Industry:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.1% from 2022 to 2032 |
| Market Value in 2022 | USD 2,980 Million |
| Market Value in 2032 | USD 4,202.9 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Type, Application, Region |
| Regions Covered |
North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled |
Visco Starch; Sunar Grup; Dinosaur Nutrition Labs; True Protein Pty Ltd.; MILLECOR; Nutricia; Agridient Inc.; Archer Daniels Midland Company; Cargill Inc.; Emsland; Ingredion Incorporated; Roquette Freres; Tate & Lyle; Meelunie BV |
| Customization | Available Upon Request |
The global dextrin market is expected to secure USD 4,202.9 Million during the forecast period
The global dextrin market is expected to display a CAGR of 4.1% during the assessment period
Visco Starch, Sunar Grup, Dinosaur Nutrition Labs, True Protein Pty Ltd., MILLECOR, and Nutricia are some of the established players in the global dextrin market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Dextrin Market Analysis 2016 to 2021 and Forecast, 2022 to 2032 5. Global Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Type 5.1. Maltodextrin 5.2. Cyclodextrin 5.3. Amylodextrin 5.4. Limit Dextrin 5.5. Highly Branched Cyclic Dextrin 6. Global Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Application 6.1. Food Industry 6.2. Pharmaceutical Industry 6.3. Cosmetics Industry 7. Global Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Dextrin Market Analysis 2016 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Dextrin Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Visco Starch 15.2. Sunar Group 15.3. Dinosaur Nutrition Labs 15.4. True Protein Pty Ltd 15.5. Millecor 15.6. Nutricia 15.7. Agridient Inc. 15.8. Archer Daniels Midland Company 15.9. Cargill Inc. 15.10. Emsland 15.11. Ingredion Incorporated 15.12. Roquette Frères 15.13. Tate & Lyle 15.14. Meelunie BV 16. Assumptions & Acronyms Used 17. Research Methodology
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Dextrin Market
