1 Global Maltodextrin Market Outlook
The global Maltodextrin market is projected to exhibit substantial growth in the coming years, with a CAGR of 1.39% from 2024 to 2033, reaching a total market size of $1146.04 million USD in 2024. Maltodextrin is a polysaccharide food raw material, a low conversion product between starch and starch sugar. It is an amorphous white or yellowish powder, free of visible impurities, with a distinctive odor, and is unsweet or slightly sweet in taste. Maltodextrin is characterized by its degree of polymerization (DP), which indicates the average number of glucose units per chain. Commercially available maltodextrins are typically sold based on dextrose equivalent (DE), which is a measure of the percentage of reducing sugars in the maltodextrin relative to the percentage in glucose (100%). Maltodextrins have average DE values in the approximate range of 5–18. The degree of sweetness decreases as the DE value decreases. Maltodextrin is widely used in various industries, including food and beverage, pharmaceuticals, and others, due to its properties as a thickener, stabilizer, and binding agent.
Figure Global Maltodextrin Market Size and Growth Rate (2024-2033)
2 Maltodextrin Market Growth Drivers and Constraints
The growth of the maltodextrin market is driven by several factors. Firstly, the increasing awareness of consumers about the benefits of maltodextrin in food and beverages has led to a higher demand for products containing this ingredient. Secondly, the growing demand for low-calorie foods and the preference for natural flavors have also contributed to the market expansion. Additionally, the development of cost-effective production techniques has opened avenues for innovation in the maltodextrin area, creating growth opportunities for industry players. However, there are also limiting factors. The possible side effects of maltodextrin, such as digestive issues, pre-diabetes risks, weight gain, and allergies, have reduced its usage and hindered market growth. Moreover, the large supply of substitutes, including guar binding, pectin, cassava starch, and taro starch, as well as sugar alcohols and sweeteners like stevia, poses a significant threat to the maltodextrin industry. These alternatives are often perceived as healthier options by consumers, further impacting the market’s growth.
3 Maltodextrin Market Innovations and M&A Activities
Innovation in the maltodextrin market is primarily focused on improving production efficiency and product quality. Manufacturers are investing in research and development to develop new and improved production techniques that can reduce costs and enhance the properties of maltodextrin. For example, advancements in enzymatic hydrolysis processes have led to the production of maltodextrin with more consistent quality and a wider range of DE values. Corporate mergers and acquisitions have also played a significant role in shaping the market. Companies are looking to expand their market share and product portfolios through strategic acquisitions. For instance, Tate & Lyle’s acquisition of Sweet Green Fields in 2020 has strengthened its position in the stevia solutions market, which is a complementary product to maltodextrin. This acquisition has not only expanded Tate & Lyle’s product range but also enhanced its supply chain capabilities in the Asia-Pacific region. Such strategic moves are expected to continue as companies seek to gain a competitive edge in the market.
4 Global Maltodextrin Market Analysis by Type
In 2024, the global maltodextrin market is projected to have a total revenue of 1146.04 million USD. The market share distribution by type is as follows: MD 10 (Dextrose Equivalent (DE) ≤10) is expected to generate a revenue of 97.65 million USD, accounting for 8.52% of the total market share; MD 15 (10 below Dextrose Equivalent (DE) ≤15) is forecasted to bring in 202.02 million USD, representing 17.63% of the market; and MD 20 (15 below Dextrose Equivalent (DE) below 20) is anticipated to contribute 846.38 million USD, which is 73.85% of the total market share.
Table Global Maltodextrin Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
MD 10: Dextrose Equivalent (DE) ≤10 | 97.65 | 8.52% |
MD 15: 10 below Dextrose Equivalent (DE) ≤15 | 202.02 | 17.63% |
MD 20: 15 below Dextrose Equivalent (DE) below 20 | 846.38 | 73.85% |
5 Global Maltodextrin Market Analysis by Application
In 2024, the global maltodextrin market is expected to see a total revenue of 1146.04 million USD. The revenue and market share distribution by application are as follows: Food & Beverage is anticipated to generate a revenue of 1048.14 million USD, accounting for 91.46% of the total market share; Pharm is forecasted to contribute 70.16 million USD, representing 6.12% of the market; and Others are expected to bring in 27.74 million USD, making up 2.42% of the total market share.
Table Global Maltodextrin Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Food & Beverage | 1048.14 | 91.46% |
Pharm | 70.16 | 6.12% |
Others | 27.74 | 2.42% |
6 Global Maltodextrin Market Analysis by Region
In 2024, the global maltodextrin market is forecasted to have a total revenue of 1146.04 million USD. The revenue and market share distribution by region are as follows: North America is expected to generate a revenue of 295.81 million USD, accounting for 25.81% of the total market share; Europe is projected to contribute 256.88 million USD, representing 22.41% of the market; Asia Pacific is anticipated to bring in 438.87 million USD, making up 38.29% of the total market share; Latin America is forecasted to have a revenue of 38.29 million USD, accounting for 7.35% of the market; and Middle East and Africa are expected to contribute 70.24 million USD, representing 6.13% of the total market share.
Figure Global Maltodextrin Market Share by Region in 2024
7 Top 3 Companies of Global Maltodextrin Market
7.1 ADM
Company Introduction and Business Overview:
ADM, established in 1902, is a global leader in nutrition and sustainable solutions. The company is headquartered in the United States and has a manufacturing base primarily in North America. ADM’s business spans a wide range of agricultural commodities and products, including oilseeds, corn, milo, oats, barley, peanuts, and wheat. The company processes these raw materials into various food and feed ingredients, with a strong focus on starch and sweetener products.
Products Offered:
ADM offers a variety of maltodextrin products that cater to different application requirements. Their maltodextrin products are gluten-free and available in organic and non-GMO options. These products are packaged in 50 lb. bags and are suitable for use in a wide range of food applications, including beverages, bakery products, confectionery, and pharmaceuticals.
Sales Revenue in the Latest Year:
ADM’s maltodextrin sales revenue was 103.12 million USD. The company sold 158 thousand tons of maltodextrin at an average price of 654 USD per ton. ADM’s gross margin for maltodextrin was 15.78%, indicating a strong profitability in this segment.
7.2 Matsutani
Company Introduction and Business Overview:
Matsutani, founded in 1937, is a leading producer of industrial and specialty food starches and maltodextrins in Asia. The company is headquartered in Japan and has a manufacturing base primarily in the country. Matsutani is a privately held family-owned business with over 400 employees, of which more than 100 are engaged in Research & Development roles. The company focuses on providing high-quality starch and maltodextrin products to the food and pharmaceutical industries.
Products Offered:
Matsutani offers a range of maltodextrin products that are designed to meet the specific needs of various industries. Their products are known for their high quality and consistency, making them suitable for use in food products, pharmaceuticals, and other applications where purity and functionality are crucial.
Sales Revenue in the Latest Year:
Matsutani’s maltodextrin sales revenue was 81.33 million USD. The company sold 132 thousand tons of maltodextrin at an average price of 618 USD per ton. Matsutani’s gross margin for maltodextrin was 17.89%, reflecting the company’s ability to maintain high profitability in a competitive market.
7.3 Ingredion
Company Introduction and Business Overview:
Ingredion, established in 1906, is a global ingredients solutions provider. The company is headquartered in the United States and has a manufacturing base primarily in the Americas. Ingredion processes corn, tapioca, potatoes, and other vegetables and fruits into a wide range of ingredients for the food, beverage, brewing, pharmaceutical, and industrial sectors. The company’s product line includes starches and sweeteners, animal feed products, and edible corn oil.
Products Offered:
Ingredion offers a variety of maltodextrin products under the brand name GLOBE®. These products are suitable for all food applications where a liquid product cannot be used. GLOBE® maltodextrin is easy to handle, has high solution clarity, and a bland flavor. The product is produced under Ingredion’s TrueTrace™ Program for non-GM products, ensuring quality and safety.
Sales Revenue in the Latest Year:
Ingredion’s maltodextrin sales revenue was 81.01 million USD. The company sold 136 thousand tons of maltodextrin at an average price of 596 USD per ton. Ingredion’s gross margin for maltodextrin was 15.22%, indicating a stable and profitable position in the market.