Latin America Glucose, Dextrose and Maltodextrin Market was worth USD 3.83 billion in 2022 and estimated to be growing at a CAGR of 7.64%, to reach USD 5.53 billion by 2028.
Glucose, dextrose and maltodextrin are common ingredients in packaged and prepared foods. Glucose is table sugar; dextrose is another name for the common sugar, glucose with slight chemical variations. Maltodextrin is made from starch and retains many of starch’s chemical properties. All three are carbohydrates that affect your cells in similar ways and are used for the same things by the body.
Maltodextrin, very much like dextrose, comes from starch. It is essentially a polysaccharide, meaning it is made of many monosaccharide units, all of which are glucose units. Maltodextrin does not have a specific chemical formula; molecules of this substance can be made from two to upto 20 glucose units. Not as sweet as glucose, maltodextrin is sweeter than starch because the smaller molecules of maltodextrin can bind to the sweetness receptor much more effectively, though larger maltodextrin molecules cannot. It is used in food and beverages industry to impart both a starchy texture and slightly sweet flavour. Nutrition wise, like other sugars, maltodextrin contains four calories per gram.
The major driver of the Latin America Glucose, Dextrose and Maltodextrin market is the rising demand for convenience food or packaged food and beverage products, which also includes the higher demand for carbonated and non-carbonated beverages. Other drivers include the intense research and developmental activities done by major companies in the market, higher disposable incomes and changing lifestyles. As for the restraints of the market, the production costs, investment needed for research and development and health concerns among consumers are the major ones.
The Latin America Glucose, Dextrose and Maltodextrin market is classified based on product into Glucose, Dextrose and Maltodextrin, on the basis of Application into Food and Beverages, Pharmaceuticals, Personal Care/Cosmetics, Paper and Pulp Industry and Others, based on form into Syrup and Solids.
Geographically the Latin America Glucose, Dextrose And Maltodextrin Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The Latin America region is the second fastest-growing region with its CAGR only behind Asia Pacific. Although the market share of the region is quite low, the very healthy growth rate is promising for the future years and the region will turn out to be one the major global markets in coming years.
Key Players in the Market:
Major Key Players in the Latin America Glucose, Dextrose And Maltodextrin Market are
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