The polydextrose Ingredient market is estimated to secure a valuation of US$ 176 Million in 2023 and is estimated to rise to US$ 255.5 Million by 2033. The market is anticipated to grow at a CAGR of 3.8% during the forecast period. the factors accelerating the demand for polydextrose ingredients are as follows-
The increased demand for functional food products owing to probiotic benefits is likely to drive the demand for the polydextrose ingredients market. The polydextrose ingredient market is primarily driven by the increased application of polydextrose in bakery and confectionery products, snacks, dairy products, beverages & drinks, and dietary supplements owing to the properties like low calorie and solubility.
North America is anticipated to make up the biggest opportunity for the polydextrose ingredient market. The increasing demand for low-calorie and reduced-fat food from countries like USA and Canada is expected to drive market growth in the region.
Factors contributing to the growth of the polydextrose ingredient market in Europe include increased consumption of functional food products in countries like Germany, the United Kingdom, and France and increased application in the bakery industry.
Asia Pacific is expected to grow at the fastest pace during the forecast period, the growth of the market in the region is due to the growing health awareness among consumers, especially in developing nations like India and China. China dominates the polydextrose ingredient market in the region due to the increased development of functional food products.
The major industry participants in the polydextrose ingredient market include Tate and Lyle, Danisco A/S, Medallion Labs, Biolingbao Biology, Mengzhou Talijie, Vitahealth, CJ CheilJedang, Shandong Minqiang Biotechnology company limited, Cargill Inc, Samyang Genex among others.
The market players are focusing on developing new product portfolios to achieve product enhancement. The market players are investing in expansion activities to fulfill the demand from end-use industries. The key firms are also eager to commit to mergers, acquisitions, partnerships, and collaborations to strengthen their presence and increase the customer base.
For instance - China-based Baolingbao Biology is a leading producer of starch-based health and food ingredients. The company mainly provides xylo-oligosaccharide, fructo-oligosaccharide, indigestible dextrin, erythritol, isomaltitol L-glutamine, isomaltooligosaccharide-900/500, malto-oligosacchardie, polydextrose, beta-cyclodextrin, high fructose corn syrup, dextrose monohydrate, liquid glucose, corn gluten meal.
With the growing demand for low-calorie functional food, the future of the polydextrose ingredients market looks promising. Increased consumer demand for products with functional ingredients is pushing manufacturers toward research and development to design novel products.
Also, the manufacturers are engaged with food & beverage manufacturers to increase their market share. Due to the increased demand from end-use industries, the market for polydextrose ingredients is growing and is becoming more viable as new entrants enter the market.
Data Point | Key statistics |
---|---|
Expected Market value in 2023 | US$ 176 Million |
Projected Market Value in 2033 | US$ 255.5 Million |
Growth Rate (2023 to 2033) | CAGR of 3.8% |
Polydextrose is a low calorie, low glycemic and sugar free carbohydrate that has varieties of functional properties which includes high water solubility, prebiotic properties, and decreases total cholesterol levels in blood serum; these functional benefits have led to considerable interest from food industry to use polydextrose in development of new healthy products.
With the increase in competition among companies producing functional ingredients as the food and beverage industry is flourishing globally, companies are in the process of continuous research and development to design novel products to remain prominent in the market. However, as the competition is high, wide varieties of sweeteners and dietary fibers are available.
But with unique formulations and utilization of polydextrose as a part of functional ingredient system incorporating a blend of various sweeteners, emulsifiers, and stabilizers etc. is expected to maintain the demand of polydextrose over the forecasted period.
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Due to growing demand in functional foods because of the prebiotic properties is projected to propel the market growth. Polydextrose low sugar content property is often used to produce diabetic foods and sugar free products. Change in consumer’s preferences towards health consciousness is expected to fuel the market over forecasted period.
Recently, the trend of using clean label products is increasing among the consumers. Manufacturers of food and beverage industry are preparing products using polydextrose and labeling the products as reduced sugar, low calorie, reduced fats as per the target consumers.
Food and Drug Associations favorable regulations are anticipating the growth of polydextrose ingredient market in North America. Due to continuous demand of low calorie, and reduced fat food from developing countries is driving the growth in Asia Pacific region which includes India, Japan, China and Australia.
Some of the key players manufacturing banquet carts and heated cabinets are as follows - product innovation includes STA-LITE which is a polydextrose product produced by Tate and Lyle are applied on different products such as yogurt, cereal bars, and ice creams. Some of the global key participants in the industry include
With increasing number of diabetic population in Asia Pacific Region of the globe and moreover, due to consumer’s demand for low calorie food are anticipated to trigger the growth of polydextrose market. However, the changing eating pattern is a major macroeconomic phenomenon for the growth.
With North America, Europe is also anticipated to capture a significant market share for global polydextrose ingredients market, due to increasing health issues among the population.
The Global Polydextrose Ingredient Market report offers a complete assessment of the market. It does so by doing detailed assessment of historical data, qualitative insights and verifiable projections about market size.
Proven research methodologies and assumptions are been used to derive projections which are featured in the report. The research report serves as a repository of analysis for every facet of Global Polydextrose Ingredients Market, including: regional markets, end use type and form type.
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The polydextrose ingredient market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Polydextrose ingredient market report projects the attractiveness of each major segment over the forecast period.
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