In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
Maltodextrin refers to a white powder food additive made from corn, rice, potato starch or sometimes wheat. It is a highly processed polysaccharide product. It can be used as filler as well as for conservation purpose also. Since, it contains high glycemic index, maltodextrin can be helpful to maintain the body sugar level. People consume maltodextrin in moderate amount in their regular diet. Maltodextrin contains no true sugar and can be beneficial for individuals, suffering from gluten intolerance. Apart from that, it is also harmless to diabetic patients.
Global maltodextrin market is anticipated to witness a robust growth over the forecast period 2017-2024. Global maltodextrin market stood at a valuation of around 2.9 USD Billion in 2013 and is expected to flourish at compound annual growth rate (CAGR) of 7.4 % over the forecast period.
In terms of region, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa Region. North America and Europe are the key regions which have contributed significantly in the growth of the maltodextrin market over the years. These regions are anticipated to lead the market over forecast period with a remarkable CAGR by the end of 2024. Moreover, these regions themselves has more than 65% share of the global maltodextrin market. Rising use of maltodextrin products in food, for sugar replacement and other uses in these regions are anticipated to continue its dominance over the forecast period.
Over the past few years, Asia Pacific region has also gave major contribution in the growth of the maltodextrin market. Further, this region is anticipated to add significant value in the growth of maltodextrin market. China is a key manufacturer of the maltodextrin products and the market of china is anticipated to flourish over forecast period.
In the recent years, it has been observed that the use of maltodextrin has increased in Middle East and Africa regions. Further, markets of these regions are anticipated to flourish at a higher CAGR during the forecast period 2017-2024.CLICK TO DOWNLOAD FREE SAMPLE REPORT
Our-in depth analysis of the global maltodextrin market includes the following segments:
Global maltodextrin market is further classified on the basis of region as follows:
Expansion of food and beverage industries across the globe is encouraging the demand for maltodextrin in global market. The global market of maltodextrin is anticipated to witness a remarkable growth over forecast period 2017-2024. Over the past few years, it has been noticed that maltodextrin manufacturing companies are advancing the production technology consistently. Moreover, they are coming up with wide applications of maltodextrin. It has been observed that the use of maltodextrin has intended to increase in chemical industries. Further, this is anticipated to appear as opportunities for the market players over the forecast period.
The use of maltodextrin in animal feed is also a major factor propelling the growth of the maltodextrin market. This factor is anticipated to increase the demand of the maltodextrin in the global market by the end of 2024. Since, the people from developing as well as developed countries are getting conscious about their healthy diet. Further, this factor is anticipated to increase the use of maltodextrin among people. Apart from this, maltodextrin has wide range of applications. Maltodextrin products are being used in many food and beverage items such as cold drinks, ice-creams, milk, candy, and others.
Moreover, food manufacturing companies are using maltodextrin over the regular sugar because of its sugar free composition. These factors are expected to escalate the demand of maltodextrin in global maltodextrin market over the forecast period. However, health related issues with use of maltodextrin products such as blood sugar related problems and extra fat are some of the major factors which are restraining the growth of global maltodextrin market.