The global tapioca maltodextrin sales are estimated to reach approximately USD 620.1 million by the end of 2024. Forecasts suggest the industry will achieve a 7.8% compound annual growth rate and exceed USD 1,314.2 million in value by 2034.
The industry for tapioca maltodextrin has been growing exponentially, owing to its exceptional characteristics as an ingredient. It is important in food and beverages because it is a stabilizer, thickener, and flavor and color carrier. Its neutral flavor and good solubility allow it to improve the texture and mouthfeel of products without changing their taste, which is advantageous for manufacturers who want to protect the taste of their products.
In addition, health-conscious consumers have increased their craving for clean-label ingredients. Derived from cassava roots, tapioca maltodextrin is viewed as being natural and non-GMO compared to other maltodextrins that are obtained from sources such as corn or wheat. This is in line with the increasing movement toward food labeling that is clear and easy to understand and the inclination towards the use of ingredients that are healthy and sustainable.
Maltodextrin is becoming popular among sports professionals and athletes as a source of energy due to its quick digestibility fast supply of energy and increased bulking features. This has resulted in its increased use in energy gels, protein powders, and meal replacement shakes, as it quickly replenishes the glycogen stores of the person and can support better recovery and performance.
For example, Cargill and Ingredion Incorporated have launched more products aiming at the markets' needs, as tapioca-based maltodextrin has gained more popularity, Cargill has decided to expand its product line of high-quality maltodextrin which can be supplied around the globe, while its competitor Ingredion focuses on the clean-label and gluten-free category by offering a selection of products based on tapioca.
| Attributes | Description |
|---|---|
| Estimated Global Tapioca Maltodextrin Industry Size (2024E) | USD 620.1 million |
| Projected Global Tapioca Maltodextrin Industry Value (2034F) | USD 1,314.2 million |
| Value-based CAGR (2024 to 2034) | 7.8% |
Moreover, the pharmaceutical and cosmetics industries are also aiding the increase in tapioca maltodextrin sales, as it aids creams, lotions, and tablets in binding and bulking, while also improving their texture and stability. This multifunctionality across diverse applications is also what makes the industry for tapioca derived maltodextrin among the fastest growing in recent times.
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The below table presents a comparative assessment of the variation in CAGR over six months for the base year (2023) and current year (2024) for the global tapioca maltodextrin industry. This analysis reveals crucial shifts in performance and indicates revenue realization patterns, thus providing stakeholders with a better vision of the growth trajectory over the year. The first half of the year, or H1, spans from January to June. The second half, H2, includes the months from July to December.
| Particular | Value CAGR |
|---|---|
| H1 | 5.7% (2023 to 2033) |
| H2 | 6.2% (2023 to 2033) |
| H1 | 6.6% (2024 to 2034) |
| H2 | 7.8% (2024 to 2034) |
In the first half (H1) of the decade from 2024 to 2034, the business is predicted to surge at a CAGR of 5.7%, followed by a higher growth rate of 6.2% in the second half (H2) of the same decade. Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase to 6.6% in the first half and remain considerably high at 7.8% in the second half. In the first half (H1) the sector witnessed an increase of 25 BPS while in the second half (H2), the business witnessed a decrease of 15 BPS.
The Role in Enhancing Shelf Life is Transforming the Industry
Such maltodextrin is increasingly being applied to meet the anticipated consumer preference for products that have a longer shelf life. This ingredient reduces the rate of water absorption and retards the spoilage which is critical in both consumable and non-consumable items. For example, maltodextrin solutions developed by Ingredion are ideal for snacks and baked goods as they extend their shelf life and improve their appeal over time.
In the same way, Cargill's maltodextrin is incorporated in powdered drinks and instant meal products to enhance their stability and shelf life and thereby make life easier for the users. There is a high demand for these products in areas that do not receive fresh food, therefore companies must use tapioca alternatives in their products.
Such a development is not only advantageous as it results in the creation of more durable products but also assists producers in minimizing losses and enhancing the effectiveness of their supply chains.
The trend of Embracing Organic Leading to the Surge in Tapioca Maltodextrin Demand
The organic maltodextrin sector is growing at a fast pace as more consumers tend towards organic and natural products. This is due to an increasing interest in health and environmental consciousness. Companies such as Ciranda are leading the way in providing organic certified products. Ciranda’s organic maltodextrin is sourced from cassava plants that are farmed sustainably, which would also satisfy the strict organic requirements. This is ideal for customers who wish to consume clean-label food and are concerned about the ingredients.
In addition, the company Ingredion has counted on this booming sector and has manufactured organic tapioca variants to penetrate the health food sector which has an organic certification as its unique selling proposition. All these initiatives show an increased trend in the industry toward the organic product line as consumers are always worried and picky with the ingredients.
Revolutionizing Production Through Technological Innovations
It is undeniable that the use of technology is positively improving the production process of such maltodextrin variants. Enzymatic hydrolysis and spray drying are among the many breakthroughs in this sector that are embracing change. Enzymatic hydrolysis provides better control over the depolymerization of starchy products as a result, a more refined and consistent product can be produced.
Spray drying technology ensures that the product drying process results in a fine paste that has standard quality. Companies such as Roquette are capitalizing on these technologies to enhance their production cycles, lowering waste levels while also increasing yield levels.
These advancements are the result of consumer demand for ingredients that have uniformity in quality and the desired outcome of beverage and food makers who want ingredients that will not be a bother to them while making their products. As a result, these technologies will improve the standard of the products as well as make the mode of production more efficient and cost-effective.
Principal Consultant
Global sales increased at a CAGR of 6.2% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on such products will rise at 7.8% CAGR.
The business ecosystem had an impressive growth from 2019 to 2023 owing to the increasing demand for clean-label and natural ingredients. The demand for products with unknown additives decreased as people became more health-conscious.
In this direction, tapioca-based maltodextrin which is cassava-based was a perfect fit. Companies like Ingredion and Cargill took advantage of this opportunity and further developed their product portfolio to include non-GMO and organic constituents to be more responsive to the consumer's demand for transparency and naturality.
Looking at the period after 2024, it can be anticipated that the industry will still have plenty of room for further growth. Progress in the technology of production processes in the past has involved the use of enzymatic hydrolysis and spraying drying techniques.
Such innovations will be able to conform to the increasing appetite in the market for quality and uniformity of products. For instance, Roquette has already devised a plan that involves deploying new processing technologies to increase yield and reduce entry costs on tapioca-based maltodextrin.
The increasing application in different industries also fuels its expansion. In the food and beverages industry, it is utilized to make the product more appealing, stable, and long-lasting, hence satisfying the consumer's demand for shelf-life and quality of the product. Regarding sports nutrition and dietary supplements, its easy digestion and energy-supplying abilities make it a preferred ingredient.
Businesses like Tate & Lyle are addressing such focus markets through the development of specific recipes. All in all, the business ecosystem is set for vigorous growth as a result of technology development, increased applicability, and a great emphasis on environmental protection and health-based consumer behavior.
Tier 1 in the hierarchy is occupied by huge international corporations with a wide distribution and revenue base. Companies like Cargill and Ingredion can produce, advertise, and distribute their products worldwide on account of their efficient production systems, global distribution networks, and well-known brands.
They also extensively utilize research and development to bring forth new and improved products that can cater to the widespread tastes and preferences of consumers around the world. With the capacity to increase production levels and guarantee supply throughout the year, these companies are at the top of the game.
The companies in tier 2 are of medium size and have established themselves in certain geographical regions. Such companies as Roquette and Tate & Lyle have a complete concentration on areas of the tapioca derived maltodextrin market as organic or non-GMO ones.
They compete against other competitors by relying on their geographical knowledge and existing contacts with the customers. With a narrower product range and variability in operations, companies in this tier can respond to shifts in supply and demand in the marketplace.
Tier 3 contains small manufacturers, often local with a limited market, or targeting specific areas. Ciranda is an example of a company included in this category as they specialize in organic and sustainably-tapped variants. These kinds of manufacturers are usually able to produce relatively small quantities of output but offer their customers a substantial focus on the quality and sustainability of all product ranges.
Such companies are often focused on local or regional activities which allow them to strengthen ties with customers while at the same time being able to quickly adjust to their needs. This combined focus and a firm belief in service in the selected territories has enabled them to find a unique position in the industry.
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The following table shows the estimated growth rates of the top three territories. USA and China are set to exhibit high consumption, recording CAGRs of 5.7% and 6.8%, respectively, through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| USA | 5.7% |
| Japan | 6.2% |
| China | 6.8% |
| India | 8.1% |
| Australia | 7.5% |
The growing incidence of gluten intolerance and celiac disease has seen an increase in the number of consumers looking for gluten-free substitutes. Tapioca maltodextrin which is sourced from cassava is naturally gluten-free, hence it fits perfectly into this market. As the industry for gluten-free food products grows, companies like Ingredion have also noted this and have started providing tapioca-based maltodextrin.
On the same note, the increase in popularity of the ketogenic and low carbohydrate diets has also increased the market for this complex carbohydrate form with a low Glycaemic index. This meets the needs of health-conscious clients who wish to limit their carb consumption.
Together with the increased focus of the USA consumers on unique food and drink items as well as their approach towards health and wellness, contributes to the rise in the number of tapioca maltodextrin sales in the USA.
In China, processed food industry development has a significant impact on the growth of the maltodextrin sector. The trend of urbanization brings about a higher demand for easy-to-use and ready-to-eat food items. Due to its great stabilizing and thickening characteristics, edible-grade tapioca-based maltodextrin is widely accepted by the manufacturers of instant noodles, snacks, and sauces.
Shandong Fuyang Biotechnology and other companies are taking advantage of this trend and expanding their production to meet these demands. Furthermore, the emphasis on traditional medicine and herbal supplements in the Chinese sector has spurred demand as a universal carrier for herbal extracts.
This is consistent with the trend of consumers preferring natural and health-enhancing products. Companies like Henan Honest Food are formulating new types of special tapioca-based maltodextrin for this target audience, thus contributing to the increase in sales revenue.
In Japan, the growth of the maltodextrin industry is driven by the increasing demand for functional foods and beverages. One reason for this adoption by the Japanese people is the increase in health concerns. For example, functional foods that contain maltodextrin as classic functional ingredients to improve texture and stability are also sources of easily digestible carbohydrates.
Companies like Matsutani Chemical Industry Co., Ltd. are leading the way by developing specialized tapioca based maltodextrin products tailored to the Japanese market. Also, the increasing consumption of traditional Japanese sweets and snacks that require high-quality stabilizers and thickeners has increased the demand for tapioca-based maltodextrin. Such features of the ingredient allow for improved texture and longevity of the products stimulating its use in manufacturing.
| Segment | Medium DE (6-10) (By Dextrose Equivalent Value) |
|---|---|
| Value Share (2024) | 41.2% |
The medium DE (6 to 10) segment of tapioca maltodextrin is expected to grow considerably because of its applications in the food and beverages sectors. This segment is quite popular, because of its moderate sweetness and turbidness, it is used in sports drinks, energy bars, and confections amongst others. Organizations like Ingredion are taking advantage of these properties to make new products that are in line with the consumer's wants for healthy foods as well as functional ones.
Also, the medium DE segment is preferred for being a carrier of flavors and colors which improves the sensory attributes of different food products. As a result, its use in the manufacture of flavored drinks and instant mixes has gone up. Manufacturers like, Cargill, are focusing on this segment to meet the increasing demand for instant and high-quality food products.
| Segment | Pharmaceutical (By End-use Industry) |
|---|---|
| Value Share (2024) | 26.7% |
The pharmaceutical segment is growing rapidly as maltodextrin can be used for numerous applications in the formulation of drugs. In the preparation of tablets and capsules, the usage of tapioca maltodextrin as a binder and filler has been increasing to improve the stability and consistency of pharmaceutical products.
It is easy to see why this ingredient is so popular within the industry given its great potential for enhancing medication texture and solubility. There are organizations like Roquette that are already producing tapioca maltodextrin for pharmaceutical use that is of the right quality.
Furthermore, the surge in the number of chronic ailments coupled with the rising number of people seeking prescription-free drugs is contributing to this growth. Players such as Cargill are broadening their functional range in response to the needs of the pharmaceutical industry to ensure constant high-quality multi-functional tapioca maltodextrin.
Cargill, as well as Ingredion, are some of the key players trying to extend their product range by adding tapioca maltodextrin variants that are high quality and highly specialized. Such companies heavily concentrate on research and development to enhance their products to the changing demands of their clientele. Roquette, a mid-sized company, is utilizing its regional expertise and customer relations to compete effectively. They target specific applications within the growing markets providing targeted products and services that meet such requirements.
Other smaller manufacturers such as Ciranda strive for an organic and healthy reader to sustain their business. With their products being marketed as natural and environmentally friendly, they capitalize on the rising awareness regarding clean-label ingredients.
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As per Dextrose Equivalent (DE) Value, the industry has been categorized into Low DE (1-5), Medium DE (6-10), and High DE (11-20).
This segment is further categorized into Native Processing, Modified Processing, and Pregelatinized Processing.
This segment is further categorized into Stabilizing Agents, Thickening Agents, Binding Agents, and Nutritional Enhancers.
This segment is further categorized into Food & Beverage, Pharmaceutical, Nutritional Supplements, and Personal Care & Cosmetics.
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.
The global industry is estimated at a value of USD 620.1 million in 2024.
Sales increased at 6.2% CAGR between 2019 and 2023.
Some of the leaders in this industry include Shafi Gluco Chem (Pvt) Limited, Ingredion Incorporated, Cargill, Incorporated, ADM (Archer Daniels Midland Company), Tate & Lyle PLC, Roquette Frères, Tereos, Global Sweeteners Holdings Limited, AGRANA Beteiligungs-AG, and Grain Processing Corporation.
The Asia-Pacific territory is projected to hold a revenue share of 41.2% over the forecast period.
The industry is projected to grow at a forecast CAGR of 7.8% from 2024 to 2034.
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Tapioca Maltodextrin Market
