“Maltodextrin Market: Global Demand Analysis & Opportunity Outlook 2024”
The global maltodextrin market is segmented into application such as food & beverage, pharmaceuticals, paper and pulp industries and others, out of which, food & beverage segment is expected to dominate the overall maltodextrin market and is projected to grasp a remarkable CAGR by 2024. Likely, increasing demand for flavoured soups & dry mixes, confectionary & bakery and dairy products is predicted to foster the growth of global maltodextrin market. Furthermore, mounting concerns regarding the potential health impact of genetically modified organisms (GMO) starches is expected to positively impel the growth of the global maltodextrin market over the forecast period.
Global maltodextrin market is anticipated to showcase a robust CAGR of 7.4% over the forecast period i.e. 2017-2024. Moreover, the global maltodextrin market is anticipated to account exponential sales by the end of 2024. Additionally, the market is riding on the back of rising adoption of maltodextrin due to health benefits.
In terms of geography, with 65% share, North America and Europe region are the most prominent regional markets of maltodextrin. Moreover, growing usage of maltodextrin food products in these regions are predicted to bolster the market of maltodextrin over the forecast period. Apart from this, increasing healthcare concern and increasing adoption of low calories dietary products is also projected to foster the growth of maltodextrin market in this region.
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Expansion of Food & Beverage Industry
Rising demand and consumption of gluten free foods all across the globe is one of the key growth drivers of global maltodextrin market. Further, increasing usage of maltodextrin by athletes in order to maintain their carbohydrate intake is also believed to flourish the growth of maltodextrin market all across the globe.
Rising Health Concerns
Further, rising health concerns among the population along with swelled personal disposable income of consumers are believed to foster the growth of global maltodextrin market. Moreover, rising inclination towards nutritional foods is expected to fuel the growth of global maltodextrin market. Furthermore, wide application of maltodextrin in various industries such as pharmaceuticals and others is also anticipated to grow the market of Global Maltodextrin Market. Although, health related issues with the use of maltodextrin products are expected to inhibit the growth of global maltodextrin market. Moreover, Lack of awareness regarding the benefits of maltodextrin food products in undeveloped nations is anticipated to hamper the growth of maltodextrin market over the forecast period.
The report titled “Maltodextrin Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global maltodextrin market in terms of market segmentation by type, by application and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global maltodextrin market which includes company profiling of Archer Daniels Midland Company, Grain Processing co., Cargill, Inc., Matsutani Chemical industry Co,. Ltd., Nowamyl, Henan Feitian Agricultural Development Co., Ltd, Roquette Frères, San Soon Seng Food Industries sdn bhd., Agrana Group and Tate & Lyle. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global maltodextrin market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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