Maltodextrin is a white hygroscopic polymeric carbohydrate, which finds major application as additives in food and beverage products to enhance their texture and mouthfeel. It is derived from corn or wheat starch by partial hydrolysis in the presence of acids or enzymes. Apart from food, maltodextrin finds application in horticulture insecticides used in both field and greenhouses. In pharmaceutical industries, maltodextrin is used as filler and stabilizer in drug capsules.
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Market Dynamics:-
Maltodextrin finds major applications in food & beverages industry as thickening agent, preservative, and binders. It is also regarded as safe over other carbohydrates for diabetic people, owing to its low dextrin value. Maltodextrin is also taken as sports nutrients to gain weight. Growing urbanization, changing lifestyle, and rising demand for convenience food is increasing demand for processed & canned food, which is expected to drive growth of the maltodextrin market over the forecast period. For instance, according to the Organization for Economic Co-operation and Development, the global market value of packaged foods is projected to grow from US$ 793.3 billion in 2015 to US$ 872.7 billion by 2020.
In beer industry, maltodextrin is added while beer is aging to increase the specific gravity of the final product without changing the alcohol content or flavor of the beverage. Maltodextrin also improves beer’s mouthfeel, retains the frothy head, and reduces drink dryness. Growing beer industry is expected to drive growth of the global maltodextrin market over the forecast period. For instance, according to Brewers of Europe, beer consumption in Europe was registered at 40.4 million liters in 2013, which increased to 41.6 million liters in 2016.
Maltodextrin possesses high glycemic index, which could increase the blood sugar level if taken in high quantity. Maltodextrin is also susceptible to harm gut bacteria. These factors may limit the use of maltodextrin in food, which is expected to hamper growth of the maltodextrin market over the forecast period.
Market Outlook:-
Asia Pacific region holds dominant position in the global maltodextrin market, owing to increasing population, rising demand for convenience food, growing urbanization, and increasing beer consumption in the region. For instance, according to the World Health Organization, in 2016, China contributed 22.4% share in global beer consumption. Moreover, beer consumption in India increased by 8% during 2011-16, as per WHO, which gives the major growth to maltodextrin industry.
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Key players in the Global Maltodextrin Market:-
Key players operating in the global maltodextrin market include Cargill Inc., BASF SA, Tereos SA, Grain Processing Corp, Global Sweeteners Holdings Ltd., Ingredion Inc., Archer-Daniels-Midland Company, Gujarat Ambuja Exports Ltd., Henan Feitian Agricultural Development, and Nowamyl SA.
Major companies are adopting organic and inorganic growth strategies, in order to enhance their product portfolio. For instance, in July 2018, Archer Daniels Midland Company, in association with Vedan International, launched a new line of tapioca maltodextrin product range.
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