North America Maltodextrin Market

North America Maltodextrin Market Value & Growth Rate:

The North America Maltodextrin Market was valued at US$ XX billion in 2022 and is predicted to grow at US$ XX billion by 2027 with an increasing CAGR of XX% during 2022-2027.

North America Maltodextrin Market Scenario:

Maltodextrin is a polysaccharide derived from starch that is used as an ingredient in the food and beverage industry. The advantages that maltodextrin provides are the primary reason for its high market demand. Maltodextrin is easy to digest, has a moderately sweet or practically tasteless flavor, and has a glucose-like absorption capability. As a result, it is widely recognized as the most important starch derivative in the food sector. Many food products employ it as a thickening, binder, and flavoring agent. It's also used to make soft drinks and confectionery. As a result, maltodextrin's primary user is the food and beverage industry, and demand is likely to rise in the near future. Maltodextrin's unique qualities allow it to be used in a variety of applications. Maltodextrin's ability to bind has enhanced its use in tablet manufacturing. Maltodextrin, like capsules, is used to make tablets. As a result, the pharmaceutical sector claims that maltodextrin is in high demand.

Recent Development: 

• Tate & Lyle's Shanghai Food Applications Laboratory was extended in March 2018 to accommodate the growing needs of solid food and soft drink buyers.

• Tate & Lyle PLC ("Tate & Lyle"), a prominent global manufacturer of food and beverage ingredients and solutions, has agreed to buy an 85 percent stake in Chaodee Modified Starch Co., Ltd.

North America Maltodextrin Market Drivers and Restraints:

The demand for maltodextrin in the North America marketplace is being fueled by the rise of the food and beverage industries around the world. In recent years, it has been observed that maltodextrin manufacturers have been steadily improving their production technology. They also have a wide range of maltodextrin applications. Maltodextrin use has been reported to be on the rise in the chemical industry. During the forecast period, it should also appear as an opportunity for market players. The usage of maltodextrin in animal feed is also contributing to the North America maltodextrin market rise. By the end of 2024, this factor is expected to enhance the demand for maltodextrin on the North America market. People in both developing and developed countries have become more conscious of the need of eating a nutritious diet since then. This element is also likely to enhance people's use of maltodextrin. Aside from that, maltodextrin has a wide range of uses. Maltodextrin is found in a variety of foods and beverages, including cold drinks, ice cream, milk, candy, and more. Furthermore, due to its sugar-free composition, food manufacturers prefer maltodextrin to ordinary sugar. These factors are expected to boost maltodextrin demand in the North America maltodextrin market during the forecast period.

Throughout the evaluation period, the rising demand for maltodextrin as a specialty carbohydrate utilized in sports nutrition, newborn feeding, and clinical applications will continue to drive growth. Meanwhile, as healthy plant-based ingredients become more prevalent in everyday diets, maltodextrin sales are expected to expand at a CAGR of roughly 5.0 percent throughout the projection period. In the future years, the maltodextrin industry will benefit from rising demand for organic and natural food ingredients over synthetic ingredients. Maltodextrin is also utilized as a partial fat replacement since it improves the texture of food without adding calories. It is often consumed by gym and health fanatics as a result of this. Maltodextrin is regarded for its ability to gel, texturize, non-crystallize, and emulsify. It has a neutral flavor and can aid in the incorporation of spices into meals. The aforementioned uses of maltodextrin make it an ideal ingredient for usage in a variety of foods and beverages.

However, health issues associated with the usage of maltodextrin products, such as blood sugar issues and excess fat, are one of the primary reasons limiting the North America maltodextrin market's growth.

Market Segmentation:

By Product:

• MD 30

• MD 20

• MD 15

• MD 10

MD 15 dominated the product category in 2018, with the greatest market share. The segment's expansion is being fueled by rising demand for personal care products such as thickeners, moisturizers, stabilizers, foaming agents, and fillers. The growing cosmetics sector is being fueled by rising consumer knowledge and spending on personal care, skincare, and hair products, particularly among women.

By Application:

• Food & Beverage

• Pharmaceuticals

• Paper and Pulp Industries

• Others

Food and beverages topped the market by application in 2018. The demand is being stimulated by the growing desire for processed foods, sports supplements, infant foods, animal foods, confectionery, ice cream, and baked goods to increase mouthfeel and food characteristics. Some of the causes driving the segment's growth are population increase, a growing focus on processed foods, and increasing usage of organic food additives.

Regional Analysis

The North America Maltodextrin Market Report includes the segmentation of countries:

• U.S

• Canada

• Mexico

• Rest of North America

The maltodextrin market in North America is predicted to account for the biggest proportion of target market revenue over the next ten years, and it is expected to maintain its dominance. The rising demand for packaged and ready-to-eat food products, as well as high disposable incomes and the presence of major competitors, are expected to propel the maltodextrin market in the region forward.

The North American maltodextrin market is fueled by the region's thriving food and beverage industry, as well as a growing health consciousness among consumers. Sugar avoidance has increased in recent years due to an increase in the number of health problems such as diabetes and rising cholesterol levels. The United States is the region's largest market and a major producer of corn, a key maltodextrin source. Between 2017 and 2018, the United States produced 372 million metric tonnes of corn, accounting for approximately 36% of global output.

Consumers in North America are getting more calorie-concerned, and they are actively seeking for items that do not include GMO components. As a result, prominent participants in the region's maltodextrin sector have expanded their investments in non-GMO products. In 2017, Ingredion added nine new products to its nutrition, texturizer, and sweetener solutions that have received Non-GMO Project verification. Three of the nine additions were maltodextrin variants from the company.

Impact of COVID-19 on North America Maltodextrin Market

Today, as the entire country struggles with the repercussions of a global recession, all sectors are being pushed to make difficult decisions that might have massive tax implications for their enterprises. Outlets that survive will have much less sitting capacity and lower total demand as a result of public opinion and fewer justifiable absences, reducing the number of personnel required. Returning migrant workers to their home countries will have an impact on the availability of skilled labor, and there may be a scarcity of people who are well-suited to the restricted job opportunities available. For both operators and F&B personnel, it will be a two-sided challenge. According to industry experts, this is the "survival of the fittest" era. Although it will take some time to recoup from losses experienced during the closing phase, the F&B sector is required to face this difficulty for the sake of the entire community. While the last quarter's outstanding performance will be scrutinized, expectations for a significant comeback in the days after the close are unpredictable and difficult to achieve. The road to profitability will not be easy, and organizations will need to adopt creative and more efficient business practices as well as develop new revenue streams to stay competitive.

Key Players listed in the North America Maltodextrin Market

The companies covered in the report:

1. Tereo Syral

2. Tate and Lyle Plc

3. Roquette Freres

4. Ingredion Incorporated

5. Cargill Incorporated

6. The Archer Daniels Midland Company (ADM)