The new report by Expert Market Research titled, ‘North America Maltodextrin Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the North America maltodextrin market, assessing the market based on its segments like Application, Feedstock, and Regional market among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on th e SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): 1.02 million metric tons
- Forecast CAGR (2023-2028): 4.6%
- Forecast Market Size (2026): 1.33 million metric tons
The growing food and beverage industry, which accounts for approximately 60% of worldwide maltodextrin applications, is driving the market. Maltodextrin is in high demand in downstream goods such as ice cream, milk powder, and quick beverages, among others. In artificial sweeteners, maltodextrin is employed as a bulking agent.
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Maltodextrin’s market is influenced by the climate of its feedstock. Maize is the most common maltodextrin feedstock in North America, with the United States being the world’s biggest corn producer. In the 2017-2018 crop year, the United States produced 371 million metric tonnes of maize, accounting for around 36% of global production.
North America Maltodextrin Industry Definition and Major Segments
Maltodextrin is a starch-based meal that is easily digestive, absorbs as rapidly as glucose, and can be sweet or tasteless. It’s commonly utilised in the making of soft drinks and toffees. Maltodextrin is a polysaccharide that is frequently used in cuisine. It is made from partial hydrolysis of different starches, such as corn, rice, potato, wheat, mandioc, and others, with a DE content of less than 20%.
It generally comes in the form of a white hygroscopic spray-dried powder. Maltodextrin’s technological hurdles are quite low, resulting in a low market concentration rate. The rising demand for GMO-free maltodextrin, its increasing entry into veterinary medicine, and its growing use as industrial chemicals are all contributing to the Maltodextrin market’s development.
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On the basis of Application, the North America maltodextrin market is segmented into:
- Food and beverages,
- Health and personal care,
Based on Feedstock, the North America maltodextrin market is divided into:
- Corn and corn starch,
- Cassava and cassava starch,
- Potato and potato starch,
- Wheat and wheat starch
The major regional markets of the North America maltodextrin market are:
North America Maltodextrin Market Trends
The maltodextrin market in North America is expected to be driven by the region’s developing food and beverage sector. Since maltodextrin is frequently employed as a bulking agent in artificial sweeteners, the increased demand for high-intensity sweeteners will also boost the expansion of the maltodextrin industry on the continent. The area is the global leader in sugar substitutes, accounting for 37% of the market in 2017, with sucralose being the most popular sweetener.
The sugar replacement business in the region, and hence the maltodextrin sector, is being pushed by growing concern over the rising number of individuals suffering from obesity. While demand for carbonated soft drinks, where maltodextrin is used extensively, has decreased in the United States, this has been countered by increased demand from abroad countries such as Mexico, resulting in an increase in carbonated beverages export.
The alcoholic drinks segment dominates the beverage industry in the United States, which helps the maltodextrin market in the area. The polysaccharide is used to improve the mouthfeel of alcoholic drinks. It’s also used in processed goods like instant noodles, and the United States is one among the world’s major markets for instant noodles.
Key Market Players
The major players in the market are Cargill Incorporated, The Archer Daniels Midland Company, Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, Tereos S.A., Grain Processing Corporation, The Agrana Group, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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