Demand for digestion resistant maltodextrin in Korea is expected to reach US$ 10.34 million in 2023, up from its 2022 valuation of US$ 9.65 million. The demand for digestion resistant maltodextrin is expected to progress at a healthy pace from 2023 to 2033, registering a CAGR of 7.6%. By 2033, the sales of digestion resistant maltodextrin are expected to surpass US$ 21.59 million in Korea.
Key Insights for Digestion Resistant Maltodextrin in Korea
| Attributes | Details |
|---|---|
| Industry Size for Korea in 2023 | US$ 10.34 million |
| Expected Industry Size for Korea by 2033 | US$ 21.59 million |
| Forecasted CAGR between 2023 to 2033 | 7.6% |
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Corn is the most popular base for digestion resistant maltodextrin in Korea. For 2023, corn-based digestion resistant maltodextrin is expected to account for 57.3% of the industry share.
Corn already has a prominent place in Korean cuisine. As the popularity of corn-based food increases worldwide, Korea is also witnessing significant trends in corn-based products. Thus, corn-based digestion resistant maltodextrin is dominant in Korea. Additionally, the simple and cost-effective extraction and storage process of corn are also contributing to the growth of the product in the country.
| Demand for Digestion Resistant Maltodextrin in Korea Based on Source | Corn |
|---|---|
| Industry Share in 2023 | 57.3% |
Digestion resistant maltodextrin is most commonly found in the form of spray-dried powder in Korea. For 2023, spray-dried powder is predicted to contribute to 63.5% of the industry share by form.
With the increasing use of digestion resistant maltodextrin in food items, manufacturers are looking to simplify the process of incorporating the ingredient into food. Spray-dried powder is a convenient method for producers to include the product in foods and beverages. Thus, spray-dried powder is triumphant as a form in Korea.
| Demand for Digestion Resistant Maltodextrin in Korea Based on Form | Spray-Dried Powder |
|---|---|
| Industry Share in 2023 | 63.5% |
Principal Consultant
Korea is an emerging market for digestion resistant maltodextrin. As such, industry players are still exploring the potential of the product in the country. They are also aiming to address the lack of awareness among Koreans about the product. The health benefits of the product are highlighted on foods and beverages containing digestion resistant maltodextrin, while adhering to established government labeling guidelines.
Recent Developments Observed in Digestion Resistant Maltodextrin in Korea
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 10.34 million |
| Projected Industry Size by 2033 | US$ 21.59 million |
| Anticipated CAGR between 2023 to 2033 | 7.6% CAGR |
| Historical Analysis of Demand for Digestion Resistant Maltodextrin in Korea | 2018 to 2022 |
| Demand Forecast for Digestion Resistant Maltodextrin in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Digestion Resistant Maltodextrin in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Companies Profiled | Samyang Corporation; VitaminHouse Inc.; Fine Food Tech Co. Ltd.; Day Well Jeu; Amicogen; DAESANG Co., Ltd.; Global Food Korea Co. Ltd. |
| Key Provinces Profiled | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
The industry size of digestion resistant maltodextrin in Korea is estimated to be US$ 10.34 million in 2023.
Digestion resistant maltodextrin demand is forecasted to develop at an encouraging CAGR of 7.6% in Korea from 2023 to 2033.
The industry size for digestion resistant maltodextrin is forecasted to reach US$ 21.59 million in Korea by 2033.
Corn is the most popular source of digestion resistant maltodextrin in Korea, with an estimated industry share of 58.3% in 2023.
Demand for plant-based food ingredients and the increasing sale of sweets are some of the reasons for increase in demand for digestion resistant maltodextrin in Korea.
1. Executive Summary 1.1. Korea Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Source, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Source, 2023 to 2033 5.3.1. Corn-based 5.3.2. Wheat-based 5.3.3. Potato-based 5.3.4. Cassava-based 5.3.5. Others 5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033 6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033 6.3.1. Spray-dried Powder 6.3.2. Instantized/Agglomerated 6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033 7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033 7.3.1. Beverages 7.3.1.1. Alcoholic Beverages 7.3.1.2. Non-alcoholic Beverages 7.3.2. Food 7.3.2.1. Breakfast Cereals 7.3.2.2. Dairy Products 7.3.2.3. Instant Puddings 7.3.2.4. Margarines and Butters 7.3.2.5. Salad Dressings 7.3.2.6. Sauces 7.3.2.7. Snack Foods 7.3.2.8. Others 7.3.3. Nutraceuticals 7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033 8.3.1. South Gyeongsang 8.3.2. North Jeolla 8.3.3. South Jeolla 8.3.4. Jeju 8.3.5. Rest of Korea 8.4. Market Attractiveness Analysis By Region 9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Source 9.2.2. By Form 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Source 9.3.2. By Form 9.3.3. By Application 9.4. Key Takeaways 10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Source 10.2.2. By Form 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Source 10.3.2. By Form 10.3.3. By Application 10.4. Key Takeaways 11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Source 11.2.2. By Form 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Source 11.3.2. By Form 11.3.3. By Application 11.4. Key Takeaways 12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Source 12.2.2. By Form 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Source 12.3.2. By Form 12.3.3. By Application 12.4. Key Takeaways 13. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Source 13.2.2. By Form 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Source 13.3.2. By Form 13.3.3. By Application 13.4. Key Takeaways 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Source 14.3.3. By Form 14.3.4. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Samyang Corporation 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Matsutani Chemical Industry Co., Ltd. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Roquette Freres S.A. 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Ingredion Incorporated 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Tate & Lyle 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Grain Processing Corporation 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. WGC Co., Ltd. 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Kraft Heinz Company 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Cargill Incorporated 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Archer Daniels Midland Company 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 15.1.11. Baolingbao Biology Co. Ltd 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.11.5.2. Product Strategy 15.1.11.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Digestion Resistant Maltodextrin Industry Analysis in Korea
