Maltodextrin
is
a white powder which is extracted from natural sources including rice, corn,
starch, potato, and wheat. It is a polysaccharide which is used as a food
additive. It is produced from the partial hydrolysis of starch. Maltodextrin
has been approved by the U.S. Food and Drug Administration (FDA) as a safe food
additive. The consumption of maltodextrin as a food additive is largely
governed by changing trends in the genetically modified food products.
Consumers are expected to lower the consumption of starch from GMO products and
are rather expected to consume maltodextrin as an alternative GMO-free starch.
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The key factor driving growth of global maltodextrin
market is the rising demand for healthy food products that contain maltodextrin.
In addition, rising consumption of low-calorie artificial sweeteners and
packaged food which is low in calories is another driving factor for the
market. Furthermore, high demand from industries such as cosmetics,
pharmaceuticals and industrial chemicals also adds to the overall growth of the
maltodextrin market. On the contrary, since maltodextrin is high on glycemic
index (GI), it can cause surge in blood sugar levels hence, it is not preferred
by consumers with diabetes or insulin resistance.
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The global maltodextrin market has been segmented based
on type, application, end-user, and geography.
Based on standard types, the global maltodextrin market
has been segmented into MD10, MD15, and MD20.
Based on applications, the global maltodextrin market
has been segmented into binders, sweetener and encapsulation
The various end-users of the maltodextrin vaccines are
food & beverage, pharmaceuticals, industrial, paper, animal feed,
cosmetics.
Among the
various end-users, food & beverage accounted for larger share of the market
owing to the use of maltodextrin as an additive in various food products.
This segment is further expected to remain dominant in
the near future expanding at a CAGR of 5.3% from 2019 to 2024.
The market for
maltodextrin in animal feed is also expected to showcase high growth thereby
boosting the demand for maltodextrin over the forecast period from 2019 to
2024.
Based
on geography, the global maltodextrin market has been segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa.
- North America comprises U.S.,Canada, and Mexico whereas Europe would primarily cover Germany, France, UK, Italy, and Rest of Europe.
- The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific.
- In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report.
- North America accounted for the largest share in the global maltodextrin market; it is further projected to dominate the global market by 2024. Europe accounted for second largest market share whereas Asia Pacific is projected to grow at fastest pace of 5.5% owing to high growth in the food & beverage industry in this region.
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