Maltodextrin Market Size, Share, Growth Analysis, By Source(Corn-Based, Wheat-Based, Potato-Based, Cassava-Based), By Form(Spray-Dried Powder, Instantized/ Agglomerated), By Application(Food, Beverages, Cosmetics, Personal Care), By Region - Industry Forecast 2024-2031

Maltodextrin Market was valued at USD 3.61 billion in 2019, and the market size is estimated to reach USD 5.01 billion by 2031, at a CAGR of 4.8% over the forecast period (2024-2031).

The Maltodextrin market is highly competitive and consists of several big players and SMEs penetrating the market. The market penetration for new entrants is high due to the presence of less stringent regulations and availability of various D2C channels such as social media (Instagram, Facebook, among others), B2C websites (Amazon, Walmart, among others). 'Cargill, Incorporated (US)', 'Archer Daniels Midland Company (US)', 'Ingredion Incorporated (US)', 'Roquette Freres S.A. (France)', 'Tate & Lyle Plc (UK)', 'Penford Corporation (US)', 'Grain Processing Corporation (US)', 'Zhucheng Dongxiao Biotechnology Co., Ltd. (China)', 'Tereos Syral S.A.S. (France)'

Maltodextrin's numerous advantages are boosting market growth

The rising demand for maltodextrin in the cosmetic and personal care industries is projected to open up new market opportunities in the near future. It is used in the production of cosmetics as a stabilizer and thickener. A increasing working female population and rising consumer disposable income are driving demand for beauty products. As a result, maltodextrin market growth is likely to be aided by high growth in the cosmetic and personal care markets.

North America is expected to dominate the Maltodextrin market in the forecast period. Plant-based food additives are becoming increasingly popular as consumers become more health-conscious. Furthermore, there is an increase in demand for American-made cheese. This is aiding the expansion of the maltodextrin market in emerging economies while maintaining a steady growth rate in existing areas due to high demand. Maltodextrin is in great demand in North America due to the prevalence of the sports and food and beverage markets.