Maltodextrin Market

Maltodextrin Market Overview for 2024 to 2034

The maltodextrin market is evaluated to be sized at USD 4,134.20 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a solid clip, registering a CAGR of 4.8%. By 2034, the maltodextrin sales are anticipated to reach a value of USD 6,583.00 million.

Maltodextrin Market Research Report

• Demand for maltodextrin is amplifying with the burgeoning production of sweet products, such as ice-cream and peanut butter, where it is used as a bulking agent and sugar substitute.
• Maltodextrin demand is increasing with the growing sale of energy drinks, following the rising number of people undertaking physical activities.
• Growing demand for sugar-free products is fuelling the maltodextrin market.
• Maltodextrin’s use in personal care and beauty products is seeing the demand for the product glow.
• With demand for baby food growing by leaps and bounds, the use of maltodextrin in food for children is propelling the market.

Attributes	Details
Maltodextrin Market Value for 2024	USD 4,134.20 million
Projected Market Value for 2034	USD 6,583.00 million
Value-based CAGR of Market for 2024 to 2034	4.8%

Maltodextrin Market Trends

• Rising popularity of maltodextrin syrups is seeing the demand for maltodextrin fatten.
• Clamor for natural and organic ingredients in food is driving up the demand for maltodextrin and maltodextrin-infused food products.
• With the increase in sports activities as part of fitness trends, sports supplement use is increasing. Maltodextrin is being used extensively in these sports supplements, leading to an increase in demand for the product.
• Use of maltodextrin in snacks like chips and fast soups is propelling the demand for the product.
• Maltodextrin’s use in various forms of products, such as pastes, dietary supplements, drinks, and more, lends the product increased demand.
• Demand for maltodextrin is getting propelled with the increasing number of people turning towards gluten-free diets.
• As ice-cream production becomes more widespread, with the delicacy becoming more commonplace even in remote regions, the maltodextrin market is benefiting.
• Demand for clean-label products is driving the maltodextrin industry.
• Growing consciousness about infant formula is leading to more parents adopting it for their babies. Maltodextrin is used in infant formula and thus the market is benefitting from increased parental acceptance of it.
• Alternative thickening agents, sugar substitutes, and more are expected to restrain the growth of the market. Corn syrup and agave, for example, are considered a suitable alternative to maltodextrin.

Category-wise Outlook

Corn is the predominant base for maltodextrin. Spray-dried maltodextrin is the top form of the product.

Low-cost Manufacturing Process of Corn-based Maltodextrin Endears Corn as a Base to Manufacturers

Corn-based maltodextrin is expected to account for 56.7% of the market share in 2024. Some of the factors influencing the progress of corn-based maltodextrin are:

• Due to the abundance of corn and the easy extraction process, corn is preferred as a source of maltodextrin by a majority of maltodextrin producers. Thus, corn-based maltodextrin comes out on top in the source segment.
• Corn’s taste and texture are retained by the maltodextrin derived from it and thus the demand for corn-based maltodextrin keeps on churning.

Attributes	Details
Top Source	Corn-based
Market Share (2024)	56.7%

Use of Spray-Dried Maltodextrin in Confectionary and Bakery Foods Enhances Demand for the Product

Spray-dried maltodextrin is anticipated to account for 63.1% of the market share in 2024. Some of the reasons for the progress of spray-dried maltodextrin are:

• Spray-dried maltodextrin powder is fast rising in popularity as an ingredient in baked goods, confectionaries, and other delicacies. Thus, the spray-dried version of the product is enjoying increased demand.
• Spray-dried maltodextrin powder is reputed for its solubility in food and is thus finding more application in the food and beverage industry.

Attributes	Details
Top Form	Spray-dried
Market Share (2024)	63.1%

Country-Wise Analysis

The Asia Pacific’s mammoth food and beverage demand is conducive to the growth of the market in the region. Sweet products being ever popular in the region is also aiding the market’s cause in the region. Rising health consciousness and sugar-free trends in Europe sweeten the deal for maltodextrin in Europe. Increasing consumption of dietary supplements is aiding the cause of the market in North America.

Countries	CAGR (2024 to 2034)
United States	6.1%
India	4.1%
Japan	4.6%
China	4.8%
Germany	4.7%

Rising Demand for Gluten-free Food Increasing the Appeal of Maltodextrin in the United States

The CAGR of the market for the forecast period in the United States is anticipated to be 6.1%. Rising adoption of gluten-free diets in the United States, with consciousness about health on the uptick in the country, is leading to a surge in demand for maltodextrin in the country.

Increasing obesity problem in the United States is seeing preference turn towards healthy food in the country. Due to this, as part of health shakes, supplements, and other food products, the demand for maltodextrin is growing in the country.

Popularity of Corn-based Maltodextrin Driving the Market in India

The market is expected to have a CAGR of 4.1% in India through 2034. Corn-based maltodextrin, due to its taste and its easy manufacturing process, is enjoying surging popularity in India and the market is growing through the corn avenue in the country. Increasing number of people hitting gyms in India is influencing the greater adoption of dietary supplements in India, which is benefitting the maltodextrin market.

Ever-present Demand for Sweets in Japan Powers the Market in Japan

The market is expected to progress at a CAGR of 4.6% in Japan for the forecast period. Clamor among the Japanese population for sweet products is inflecting the positive development of demand for maltodextrin in the country. Japanese consumers’ affinity towards ice cream is presenting more opportunities for maltodextrin in Japan.

China’s Humongous Food and Beverage Demand Being Satiated with the Help of Maltodextrin

The market is expected to progress at a CAGR of 4.8% in China throughout the forecast period. China’s notable population means the demand for food, beverage in the country is vast, and maltodextrin-infused products are playing their part in satisfying the demand. Extensive need for baby food is helping the progress of maltodextrin in China.

Rising Sugar-free Trends Positively Impact the Market’s Progress in Germany

The market is expected to progress at a CAGR of 4.7% in Germany. Some factors influencing the progress are:

• Rising health consciousness in Germany is seeing an uptick in the number of people turning away from sugar. Thus, as a sugar substitute, the demand for maltodextrin is progressing in Germany.
• Maltodextrin demand in Germany is growing as the sports culture in the country induces a growing number of people to take the help of sports supplements.

Competitive Landscape in the Maltodextrin Market

Market players are focusing on increasing the use of maltodextrin in food and other applications. Thus, collaborations with other stakeholders in the food and beverage sector are common.

One of the reputed companies in the market, Grain Processing Corporation is focusing on improving the taste and texture of foods through the use of maltodextrin. The company is also expanding its footprint in the market through the means of acquisitions. Other companies in the market are working to reduce the cost involved in production to get a competitive edge.

Recent Developments in the Maltodextrin Market

• In July 2022, Grain Processing Corporation took over Natural Products, Inc. The market giant increased its presence in the competitive landscape to an even higher degree through the acquisition.
• In September 2022, a new maize wet mill was opened in Pandaan, Indonesia by Cargill. Maltodextrin was one of the products whose increased production was targeted by the company with the opening of the plant.
• Also in September 2022, Givaudan Active Beauty launched the New Purple 2364 vegan pigment, with maltodextrin as one of its ingredients.
• In June 2022, BASF introduced two new products as part of its Care Creations range, called the Probiolift and the Postbiolift. Both contain maltodextrin and ease the process of skin aging in elderly people.
• In July 2021, Science in Sport launched the Beta Fuel line of products, which includes energy gels and energy drinks containing maltodextrin.
• In November 2020, Silab launched the Acnesium natural active. The product uses maltodextrin to prevent signs of acne.

Key Companies in the Maltodextrin Market

• Grain Processing Corp
• Roquette
• Cargill Inc.
• Matsutani
• ADM
• Ingredion
• Tate and Lyle
• Agrana Group
• Avebe
• Nowamyl
• Tereos
• Zhucheng Dongxiao Biotechnology
• Lehmann Food Ingredients
• Others

Key Coverage in the Maltodextrin Market Report

• Maltodextrin Market Size and Share Analysis
• Market Study on Maltodextrin
• Maltodextrin and Maltodextrin Syrup Market Report
• Maltodextrin suppliers assessment
• Food-grade maltodextrin market coverage
• Starch derivatives market comparative analysis with maltodextrin market

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Source
  • 5.1. Corn-Based
  • 5.2. Wheat-Based
  • 5.3. Potato-Based
  • 5.4. Cassava-Based
  • 5.5. Others
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
  • 6.1. Spray-Dried Powder
  • 6.2. Agglomerated
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 7.1. Food and Beverages
  • 7.2. Cosmetics and Personal Care
  • 7.3. Pharmaceuticals
  • 7.4. Daily and Fine Chemicals
  • 7.5. Others
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Grain Processing Corp
  • 18.2. Roquette
  • 18.3. Cargill Inc.
  • 18.4. Matsutani
  • 18.5. ADM
  • 18.6. Ingredion
  • 18.7. Tate and Lyle
  • 18.8. Agrana Group
  • 18.9. Avebe
  • 18.10. Nowamyl
• 19. Assumptions & Acronyms Used
• 20. Research Methodology