Demand for digestion resistant maltodextrin in Korea is expected to reach USD 10.34 million in 2023, up from its 2022 valuation of USD 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 USD 21.59 million in Korea.
Key Insights for Digestion Resistant Maltodextrin in Korea
Attributes | Details |
---|---|
Industry Size for Korea in 2023 | USD 10.34 million |
Expected Industry Size for Korea by 2033 | USD 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 |
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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 |
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Industry Share in 2023 | 63.5% |
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 | USD 10.34 million |
Projected Industry Size by 2033 | USD 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 USD 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 USD 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 2. Market Overview 3. Market Background 4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Source 5.1. Corn-based 5.2. Wheat-based 5.3. Potato-based 5.4. Cassava-based 5.5. Others 6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Spray-dried Powder 6.2. Instantized/Agglomerated 7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Beverages 7.1.1. Alcoholic Beverages 7.1.2. Non-alcoholic Beverages 7.2. Food 7.2.1. Breakfast Cereals 7.2.2. Dairy Products 7.2.3. Instant Puddings 7.2.4. Margarines and Butters 7.2.5. Salad Dressings 7.2.6. Sauces 7.2.7. Snack Foods 7.2.8. Others 7.3. Nutraceuticals 8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. South Gyeongsang 8.2. North Jeolla 8.3. South Jeolla 8.4. Jeju 8.5. Rest of Korea 9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Market Structure Analysis 15. Competition Analysis 15.1. Samyang Corporation 15.2. Matsutani Chemical Industry Co., Ltd. 15.3. Roquette Freres S.A. 15.4. Ingredion Incorporated 15.5. Tate & Lyle 15.6. Grain Processing Corporation 15.7. WGC Co., Ltd. 15.8. Kraft Heinz Company 15.9. Cargill Incorporated 15.10. Archer Daniels Midland Company 15.11. Baolingbao Biology Co. Ltd 16. Assumptions & Acronyms Used 17. Research Methodology
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