Maltodextrin Market is predicted to reach USD 4.50 billion at a CAGR of 4.62% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “global Maltodextrin Market” that contains the information from 2018 to 2030.

Maltodextrin Market Highlights

A polysaccharide called maltodextrin is a food additive. It is typically seen as a white hydroscopic powder and is created from starch through partial hydrolysis. Maltodextrin can be used to improve the texture, flavor, and shelf life of various food products. Additionally, it is also used as an emulsifier, thickener, stabilizer, or sweetener in various food products. Maltodextrin has a low glycemic index and can be used to replace sugar in numerous foods. Additionally, maltodextrin is considered the highly treated plant substance produced out of rice, potato, and wheat. The wide characteristics of the products have been immensely popular across the application areas like food and beverages, pharmaceuticals, cosmetics and personal care products, and agriculture.

Market Synopsis

According to the MRFR analysis, the global Maltodextrin market is projected to reach USD 4.50 Billion by 2030 at a CAGR of 4.62%.

Maltodextrin has been approved by the FDA (Food and Drug Administration US) for direct applications as a food additive and has been affirmed as safe for consumption. The Cosmetic Ingredient Review Expert Panel also investigated maltodextrin for quality and evaluation. After the evaluation, the panel found that maltodextrin had the highest frequency for application as a cosmetic ingredient and was approved for its indicated applications. Maltodextrin is one of the sugars derived from plant sources such as corn, potato, and rice among the other sources. Maltodextrin is also widely used as an ingredient for the products associated with personal care and cosmetics including moisturizers, fillers, film-forming, and binding agents. Maltodextrin is used as hydrating, and moisturizing ingredient used to produce body lotions, skin creams, hair care, and facial care products. Maltodextrins also enhance the texture of various formulations.

Maltodextrin improves the natural moisturizing elements present in the outermost layers of the skin, acting as a nourishing substance. The natural components for moisturizing are amino acids, salts, peptides, lactates, sugars, PCA, and urea that maintains the skin surface supple, hydrated, and intact. As the individual ages, the natural moisturizing becomes depleted, owing to direct exposure to various sensitizing ingredients such as alcohol and harsh cleansing agents. This results in dry, rough, and flaky skin, as maltodextrin mimics the functional property of sugar found in natural moisturizing components, maltodextrin-based skin care products can support skin health by nourishing and hydrating it.

COVID-19 Impact on Maltodextrin Market

The impact of Covid-19 has led to the surging demand for a healthy diet to improve the immune system. During that time, consumers were focusing on the procurement of those products with higher nutritional value. Furthermore, the incidence of the pandemic has increased the focus of consumers on health and wellness. The continuous lockdown has enabled the online retailing of the products, that in turn increased the awareness regarding e-Commerce in urban as well as rural areas. The maltodextrin market is continuously trying to surpass pre-COVID levels, which in turn creates an extreme V-shaped recovery in the developing nations, with an expectation of a higher rate of growth during the forecast period. The key players operating in the maltodextrin market are focusing on the implementation of innovative business strategies to combat the impact of Covid-19. As critical plannings, the firms in the maltodextrin industry are promoting their contactless delivery and process of production, promoting their USP statements, and innovations in packaging, and increasing their business presence via e-Commerce. The outbreak of the novel Coronavirus is considered the black mark for 2020 and as large as World War II. According to the WHO, European nations such as Spain and Italy are considered the center of COVID-19.

The production of maltodextrin initiates with the procurement of raw materials, which includes corn, potatoes, tapioca, wheat, barley, rice, sorghum, and sago palm among others. Owing to the incident of pandemic, complete or partial lockdowns were imposed by governments across the globe, which created barriers to the distribution of commodities. The pandemic outbreak has induced concern in consumers and sparked a panic buying situation. During the pandemic, the temporary closings of various retail stores to prevent the spread of the virus have created panic purchasing leading to the stockpiling of essential food items. The unavailability of raw materials owing to the lockdown of borders has disrupted the production of maltodextrin across the globe. However, the gradual slowdown of the pandemic, owing to worldwide medical surveillance, resulted in an uplifted market demand for maltodextrin and its supply.

Competitive Landscape

The global Maltodextrin market is fragmented and consists of some organized and unorganized industry players. To outperform competitors, manufacturers primarily concentrate on increasing production capabilities, launching new products on a regular basis, and working with important stakeholders. Key players include Cargill Incorporated, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle, Tereos, Zhucheng Dongxiao Biotechnology, Agrana Beteiligungs-AG, Roquette Freres, Grain Processing Corporation, Lehmann Food Ingredients.

Segmentation

By Source

• Corn: Commonly known as maize, this starchy food is offered as kernels on a stick that are covered in a husk. Because it contains a lot of natural sugar and carbohydrates, maize, one of the most popular vegetables in the United States, occasionally receives a bad rap. The use of Genetically Modified Crops of various corn has been in place for a longer time, however, the recent initiatives by companies to overcome the fear of health and environmental issues associated with GMO corn have shifted to the use of non-GMO, conventional corn as an ingredient for maltodextrin production. For instance, in 2019, Tate & Lyle, has completed an additional production capacity of non-GMO Maltodextrin products under the brand name Maltosweet in Slovakia. The company stated that the expansion activity is because of the increasing demand for food-grade and infant-grade non-GMO corn maltodextrin.


• Wheat: Wheat starch derived from wheat fibers is used in the production of wheat-based maltodextrins and is generally in the higher DE range. Wheat is majorly used in the European region and is one of the sweetest maltodextrins. Though in the processing of wheat maltodextrins, gluten is removed, the consumption of wheat maltodextrins can sometimes cause discomfort to people with celiac diseases. US food regulations permit the use of wheat as an ingredient in maltodextrin production but must declare the use of it on the label, as allergen disclosure is mandatory for products that contain wheat. Thus, the increasing prevalence of celiac disease is expected to impact the growth of the market negatively.


• Potato: Potato maltodextrins are manufactured by hydrolysis of potato starch and contain longer chains of amylose compared to corn and wheat. The DE levels of potato-derived maltodextrins are less than 5, making them less sweet and cold soluble. It is used in a variety of food & beverage products including in non-dairy creamers with reduced casein which helps in enhancing mouthfeel and creaminess. Compared to corn-based maltodextrins, potato maltodextrins are more transparent. It is also used in the preparation of salad dressings, sauces, and soups as a thickening agent. Owing to its fat-replacement ability, it can be used in spreads, cakes, butter, frozen desserts, toppings, and dressings. Its widespread use in energy drinks is attributed to its higher rate of digestion and viscosity. The increasing need for low-calorie foods across the globe due to the rising consumer preference for a healthy lifestyle is driving the growth of the segment.


• Others: The others segment includes sources like rice and tapioca. Maltodextrin derived from rice is known for a steady and slow release of energy in blood levels making it an ideal ingredient for sports drinks and snacks. It has a lower molecular weight and is used as a binding agent and bulking agent. Rice maltodextrins are commercially available in brown and white colors. The DE levels of rice maltodextrin varied from DE 5 to DE 19. It has a wide range of applications including pharmaceutical, agriculture, animal feeds, personal care, molecular gastronomy, and food & beverages.

By Form

• Spray Dried Powder: Spray dried powder is used in a wide range of applications such as controlling moisture, regulating the browning reaction, and as a texturing in bakery products. It finds its application in confectionery and dairy & ice cream as a foam stabilizer. Some of the other functions of spray dried maltodextrin powders are flavor & fragrance carrier, crystallization controlling agent, and mouthfeel improvement, among others.


• Agglomerated: Agglomerated maltodextrin is a type of maltodextrin powder that is commercially available in DE chains of 9 to 12. It is most used in food and supplement formulations owing to its characteristic bulking ability and carrier property. Compared to spray dried powders, agglomerated formulations have lesser density and larger particle size. They also have a higher solubility rate than the spray-dried powder and are wet out in a faster period during the granulation process. In line with the increasing demand for clean-label products, players in the market are launching clean-label agglomerated maltodextrin ingredients for bakery products. For instance, in 2021, Kroner-Strake launched a range of clean-label agglomerated food additives including maltodextrin among various other agglomerated ingredients.

By Application

• Food and Beverage: The wide usage of maltodextrin in the food and beverage sector is a major factor fueling its market growth. For instance, in food products it is used as a coating in extruded snacks that have a low-fat component. Further, it is used as a low-level sweetener in various sugar-reduced products. The increasing demand for low-calorie and reduced-sugar food & beverage products across the globe is expected to fuel the growth of the segment during the forecast period.


• The use of maltodextrin in sports drinks is attributed to the slow and steady release of energy and reduced discomfort during digestion. The properties including osmolality and the ability to enhance the mouthfeel find application in the manufacturing of nutritional drinks and cream-based drinks. Moreover, as a rapidly digesting carbohydrate, it is used as a source of energy components in sports and bodybuilding beverages. It is also used in alcoholic beverages like liqueurs to enhance the flavor and act as a texturing. The habit of incorporating protein shakes and energy drinks by sports athletes and bodybuilding is anticipated to aid the growth of the beverages sub-segment.


• Pharmaceuticals: Maltodextrin has been used in the pharmaceutical industry for several functions including coating agents, dissolving film, binding, etc. Owing to the low viscosity, high solid content, and better water solubility properties of maltodextrin is used as a coating agent in the encapsulation of pharmaceutical drugs. Also, the ingredient’s gelling ability and emulsion stability properties come off as an advantage while using it in pharmaceutical formulations. In swallowable tablet formulations, corn maltodextrin is used as a wet granulation binder due to its water solubility property. They are also used in drug delivery systems like proniosomes as a carrier with the help of their stabilizing property. In terms of its ability to increase the viscosity of solutions and inhibit the crystallization process is used in liquid pharmaceutical formulations. Spray-dried maltodextrin is widely used in pharmaceutical preparations.Cosmetics & Personal Care Products: The cosmetics & personal care products segment comprises maltodextrin use in cleansing products, eye makeup cosmetics, hair care and skin care products, bath products, and shaving products. Maltodextrin acts as a binding agent, film-forming agent, absorbent, skin softener, and stabilizer, are generally used at a level of 1 to 2% in cosmetic and personal care product formulations. The multifunctional ingredient supports the moisturizing factors that are inherently present in the initial dermal layers which usually get reduced due to exposure to chemical cleansing products and the ingredient helps in maintaining skin moisture. In addition, the product helps in creating a gel-like structure and also helps in stabilizing the water & oil factors in cosmetics. Scientific research has suggested the maltodextrin use of maltodextrin as an anti-aging ingredient owing to its ability to repair photodamaged skin and has been used in several anti-aging cosmetic products. The growing preference to look better and groom well among various global consumers is expected to impact the growth of the segment positively.Agriculture: The agriculture segment uses maltodextrin as a thickening agent, anticaking agent, binding agent, and stabilizer in feed formulations and fertilizer formulations. They help in providing better energy to the feed as an alternative to conventional carbohydrate source and is highly digestible. In granulated fertilizer, it is used as a binder to keep the product intact. The increasing demand for animal meat and increasing preference for plant nutrition among the farming community is anticipated to drive the growth of the segment.

By Region

• North America: North America region includes the US, Canada, and Mexico. According to the International Dairy Foods Association, average ice cream and allied frozen dessert consumption in America stand at approximately 23 pounds per capita annually. A survey conducted among Americans regarding ice cream consumption has revealed that 73% of them have it at least once a week. A report by the organization has highlighted that the per capita consumption of various dairy products including ice cream has been on a constant rise over the past 50 years. Another end-use segment is the sports beverages and energy drinks have been gaining prominence over the years and are continuing significantly. For instance, the spoke person of Glanbia Nutritionals has highlighted in an interview with Nutrition Insights magazine, for performance improvement the consumers in the millennials and Gen Z consumer group are preferring sports drinks compared to other traditional drink mixes. The bolstered growth of these end-use segments is expected to boost the demand for maltodextrin in the region during the forecast period.


• Europe: line with the goal, soft drink manufacturers in Denmark are trying to achieve a sugar reduction of 15% by 2030 and countries like Austria, Italy, Latvia, and Sweden also have similar goals. This has resulted in the sales of low-calorie and no-calorie beverages in the EU presently accounting for a share of 30%. The increasing initiatives by these associations and government initiatives to reduce sugar consumption are anticipated to drive the growth of maltodextrin in the region during the forecast period.


• Asia-Pacific: The Asia-Pacific region consists of China, India, Japan, Australia & New Zealand, and the Rest of Asia-Pacific. The food processing industry in India, one of the countries in the region is globally the largest sector and the market value of the sector is expected to reach USD 535 billion by 2025 to 2026. The sector has been witnessing strong growth over the years with several government initiatives including Pradhan Mantri Kisan Sampada Yojana, One District One Product approach, PM Formalization of Micro Food Processing Enterprises Scheme (PMFME), etc. PMFME scheme was launched with an aim to aid around two lakh micro food processing enterprises through subsidy. Also, through schemes like the Production Linked Incentive Scheme, the Indian government has invested around Rs 4,900 crore to boost the growth of the sector further. The increase in growth of the food processing industries is expected to fuel the demand for maltodextrin in the region.


• Rest of the World: The rest of the world segment comprises South America, the Middle East, and Africa. According to the International Trade Administration market intelligence database, the UAE cosmetic and personal care sector is valued at USD 1.3 billion and is poised to witness constant growth over the upcoming years. In line with the trend, the players in the beauty industry are also increasing their investments and product launches to capitalize on the demand. The increasing demand from the sector is expected to fuel the demand for the product in the region. The increasing public and private food & beverage sector investment and the low regional tariffs are driving the growth of the food processing sector in the UAE. For instance, according to the Dubai Chamber of Commerce analysis, the trade in the food & beverage trade sector in the UAE has exceeded USD 20 billion by September 2021. The region also is increasingly exporting several food & beverage products which are anticipated to positively impact the demand for maltodextrin in the region.