Maltodextrin Market Is Booming Worldwide | Ingredion Inc., Global Sweeteners Holdings Ltd., Grain Processing Corp
Maltodextrin Market develops a promising growth outlook for its participants on account of rising demand from the pharmaceutical and F&B industry
SEATTLE, WA, US, January 13, 2022 /EINPresswire.com/ -- Maltodextrin Market1 develops a promising growth outlook for its participants on account of rising demand from the pharmaceutical and F&B industry , Maltodextrin is a white hygroscopic polymeric carbohydrate that is commonly used as a texture and mouthfeel enhancer in food and beverage products.
The global market value of packaged foods is expected to rise from US$ 793.3 billion in 2015 to US$ 872.7 billion by 2020, according to the Organization for Economic Cooperation and Development.
Overview
Maltodextrin (also known as maltotriacin) is a common product found in several kinds of foods. It is used as a thickener and bulking agent for making bread, crackers, cookies, sauces, instant mashed potatoes, sauces, and oatmeal. It is also used as a sports drink mix for those who are looking for an energy boost and glucose alternative. The sweetness of maltodextrin comes from the amniotic fluid that the bacteria in the stomach break down food. This amniotic fluid contains a low concentration of lactose and contains carbohydrates which are broken down to simple sugars.
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Competitive Landscape
Major companies contributing to the global maltodextrin market include Ingredion Inc., Global Sweeteners Holdings Ltd., Grain Processing Corp, BASF SA, Cargill Inc., Nowamyl SA, Tereos SA, Henan Feitian Agricultural Development, Gujarat Ambuja Exports Ltd., and Archer-Daniels-Midland Company.
Drivers
Growing application of maltodextrin in the form of emulsifiers, thickening agents, and sweeteners across food and beverage (F&B) industry combined with its wider acceptance in the pharmaceutical industry in tablet-making is expected to augment growth of the maltodextrin market throughout the forecast period.
Furthermore, rising demand from the sports and cosmetic & personal care industry owing to their health-based properties is expected to boost growth of the maltodextrin market during the forecast period.
The Epitome of the COVID-19 Debacle
The onset of the COVID-19 pandemic has created a big enough gap between vendors and suppliers to pull down the progress in the global maltodextrin market. The food and beverage (F&B) industry and sports nutrition segment received a major blow from the crisis-led restrictions. On the other hand, the pharmaceutical industry had witnessed a complete reverse scenario.
Key Takeaways
The maltodextrin market is anticipated to grow at a CAGR of over the forecast period owing to the increasing demand for sports nutrition and expanding pharmaceutical industry. For instance, in March 2021, the Finance Ministry of India allotted a budget of US$ 2.7 billion for sports nutrition in local athletes.
On the geographical front, the North American region is at the pole position in the global maltodextrin market on the heels of growing demand for energy drinks in sports activities.
In the runner-up spot, Asia Pacific is another region of interest for the global maltodextrin market on account of a flourishing F&B industry and availability of low-cost maltodextrin.
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Finally, there is an industry growth strategy, a data source, research findings, an appendix, and a conclusion in the report. The report examines the manufacturing process, market competitors, seller and merchant classification, innovation implementation, and business growth strategies in order to deconstruct the market. All of these details will assuage customers' concerns about future plans and actions to compete with other market participants. The most recent market gains are also shown.
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โค SWOT Analysis is used to define, assess, and analyse market competition by focusing on the world's major manufacturers. The market is defined, described, and forecasted by type, application, and region.
โค Examine the potential and advantages of global and major regional markets, as well as the opportunities and challenges, as well as the constraints and risks.
โค Determine whether market growth is being aided or hampered by trends and factors.
โค Stakeholders will be able to assess market potential by identifying high-growth categories.
โค Conduct a strategic analysis of each submarket's growth trends and contribution to the market.
โค Competitive developments in the market include expansions, agreements, new product launches, and acquisitions.
โค To develop a strategic profile of the major players and to thoroughly examine their growth strategies.
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โ In the next seven years, what innovative technology trends should we expect?
โ Which sub-segment do you believe will experience the greatest growth in the coming years?
โ By 2028, which region is predicted to have the largest market share?
โ What organic and inorganic strategies are companies employing in order to gain market share?
Key Reasons to Purchase the Maltodextrin Market Report :
โธThe report is chock-full of data, including market trends and projections.
โธ The report's segments and sub-segments include quantitative, qualitative, value (USD Million), and volume (Units Million) data.
โธ At the regional, sub-regional, and country levels, data on demand and supply forces, as well as their effects on the market, can be found.
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