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Latin America Maltodextrin Market Expected to Grow at a CAGR of 5% by 2026, Driven by Thriving Beverage Industry

According to a new report by EMR titled, ‘Latin America Maltodextrin Market Report and Forecast 2022-2027', the Latin America Maltodextrin market reached a volume of almost 0.14 million metric tons in 2021. The market is further expected to grow at a CAGR of 5%in the forecast period of 2022-2027 to reach a volume of around 0.18 million metric tons by 2026.

The maltodextrin market in Latin America is driven by the thriving beverage industry in the region. The annual revenue of the Latin America and Caribbean beverage industry stands nearly at USD 17.7 million and represents 17.5% of the global beverage market. Rapid economic growth and improvements in Latin American countries will also aid the maltodextrin market in the region, along with the simultaneous rise in the middle-class population. The expansion in these economies will also lead to the rise in the disposable incomes of the consumers. These developments will lead to a higher consumption of processed foods further propelling the maltodextrin market as the product finds extensive use in processed and instant foods like frozen foods, ready-to-eat products, and instant noodles, among others.

The rise in the middle-class population is also aiding the growth in the region’s cosmetics industry, a major end-use sector for maltodextrin after the food and beverage sector.  Latin America comprised almost 8% of the global cosmetics industry in 2020, with Brazil, Colombia, and Chile being the significant beauty markets. Despite the recent economic slowdown, Brazil’s cosmetic industry has seen a robust growth and remains the leading market in the region. The beauty industry in the country accounts for nearly 1.8% of its GDP. Due to continuous product innovations and new launches, and the growing demand for biocosmetics, the maltodextrin market in this region is expected to see further growth due to the expansion of its application portfolio. Maltodextrin finds widespread use in the cosmetics sector in products like eyeliner, lipstick, lip liners, eyeshadow, mascara, moisturiser, and anti-ageing products, among others. It imparts various functional attributes and acts as an absorbent, binding agent, emulsion stabiliser, film-forming agent, and moisturiser in these products.

Market Analysis by Applications, Regions, and Feedstock:

  • The Latin America market for maltodextrin is divided on the basis of applications into food and beverages, pharmaceutical, health and personal care, and agriculture.
  • Regionally, the market is divided into Brazil, Argentina, and Colombia.
  • On the basis of feedstock, the market is segmented into corn, cassava, wheat and potato.

Key Findings of The Report:

  • The Latin America market for maltodextrin is being driven by the rising demand from the food and beverage sector, where the product is used as a food thickener in various products like ice-creams, beer, infant formula, potato chips, jerky, and frozen foods.
  • In addition to this, the powder form of maltodextrin is used in diverse products, such as sodas, candies, and in health supplements used by athletes and bodybuilders. The accelerating health and fitness industry is expected to propel the market growth over the forecast period.
  • The growing sweeteners market in countries like Brazil is aiding the growth of the maltodextrin market in Latin America.

Key Offerings of the Report:

  • The EMR report provides the supply and consumption of maltodextrin in the global and Latin America maltodextrin market for the periods (2017-2021) and (2022-2027).
  • The report also offers market information on maltodextrin for the historical (2017-2021) and forecast (2022-2027) periods, based on its application sectors in the global market.
  • It analyses the regional supply and consumption of maltodextrin in the global as well as Latin America market for the historical (2017-2021) and future (2022-2027) periods.
  • It provides detailed global trade analysis for 2021, looking into the value and volume of the major importing and exporting countries. 
  • It also analyses the regional price trends of maltodextrin for the periods (2017-2021) and (2022-2027).
  • The report by EMR gives a detailed overview of the feedstock market in Latin America, covering their supply and consumption, demand by applications, and regional price trends for the periods (2017-2021) and (2022-2027).

Cargill, Incorporated, Archer Daniels Midland Company (ADM), Ingredion Incorporated, Tereos S.A, Roquette Frères, Tate & Lyle PLC, and AGRANA Beteiligungs-AG are the key players in the Latin America maltodextrin market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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