Maltodextrin Market is fueled by Increasing Demand from Food and Beverage Industry
The maltodextrin market has been growing rapidly over the past decade due to its wide range of applications in various industries such as food and beverages, pharmaceuticals, paper, personal care and others. Maltodextrin is mainly used as a dietary supplement and thickening, bulking and texturizing agent in the food industry. It is widely used to manufacture various instant drinks including formulation of coffee mixes, creamers, dessert mixes, soy-based products, candies and confectionery items. The easy solubility and blending properties of maltodextrin makes it a suitable additive for numerous food applications. The global increasing population and changing dietary patterns have augmented the demand for packaged, processed and convenience food products, which is the major factor driving the growth of maltodextrin market.
The Global maltodextrin market is estimated to be valued at US$ 3.7 billion in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the maltodextrin market are Archer Daniels Midland Company, Ingredion Inc., Tate & Lyle Plc, Roquette Frères and others.
Secondly, the increasing focus towards health and wellness along with rising demand for low-fat, low-calorie carbohydrate-based food products have greatly influenced the Maltodextrin Market Demand. Maltodextrin is used as a bulking agent, fat replacer and fillers in reduced-calorie food items.
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