Asia Pacific Maltodextrin Market Attained a Volume of 1.9 Million Metric Tons in 2023

Maltodextrin is a polysaccharide obtained through the partial hydrolysis of starch and imparts a starchy texture and slightly sweet flavour to food and beverages. The Asia Pacific maltodextrin market is being driven by the rising demand for convenience foods and packaged products and accounted for nearly 20% of the global consumption. China is a major supplier and accounts for more than 30% of the world’s total maltodextrin production. India, too, is a significant market in the region. The thriving food and beverages, and cosmetics industries in these two countries are aiding the market growth.

With the rise in the middle-class population, people are increasingly seeking out luxury and premium products. Skin care and hair care products are the major segments in the cosmetics and personal care sector where maltodextrin is utilised, with usage in hair colours witnessing a robust growth. The rising demand for cosmetics will provide further impetus to the maltodextrin market growth where it extensively serves as a moisturising, conditioning, and binding agent, and as an absorbent. The recent trend and preference of consumers for organic and naturally derived ingredients is also bolstering the maltodextrin industry.

With increasing consumer apprehension towards genetically modified products, maltodextrin manufacturers are actively working on developing and launching non-GMO products. In 2018, Archer Daniels Midland Company (ADM) partnered with Hong Kong-based Vedan International to launch a non-GMO tapioca maltodextrin.  Tate and Lyle, another major maltodextrin company, announced that it is expanding the production line capacity for non-GMO ‘MALTOSWEET’ maltodextrin at its facility in Boleraz, Slovakia. This expansion is the result of the rising demand for food-grade maltodextrin, especially for use in infant food and formula in the Asia Pacific region.

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Market Analysis by Applications, Regions, and Feedstock:

• Maltodextrin is majorly used in sectors like food and beverages, pharmaceutical, health and personal care, and agriculture.
• Country-wise, the Asia Pacific maltodextrin market can be divided into China, India, and South East Asia.
• Maltodextrin can be derived from corn, cassava, wheat and potato.

Key Findings of the Report:

• Maltodextrin is derived primarily from corn starch in China and India, with China comprising nearly a fifth of the global corn production in the period between 2017 and 2018.
• Cassava starch is the most common maltodextrin feedstock in Vietnam and Indonesia.
• The growing demand for low sugar and low-calorie food is driving the maltodextrin industry in the Asia Pacific.
• Its ability to extend the shelf life of products has also resulted in the industry expansion.
• The growing cosmetics industry in India, which is expected to attain a value of USD 20 billion in the forecast period, will also provide further stimulus to the market growth.

Key Offering of the Report:

• The report by EMR analyses the historical (2018-2023) and forecasted (2024-2032) supply and consumption of maltodextrin in the global market, with a focus on the Asia Pacific region.
• The regional supply and consumption of maltodextrin have also been provided for the periods (2018-2023) and (2024-2032).
• It offers the present (2018-2023) and future (2024-2032) global markets for maltodextrin according to its applications.
• It presents startegic analysis of the trade data for maltodextrin in the global market along as well as for its feedstock in the Asia Pacific market. 
• The report provides in-depth insights into the regional price trends of maltodextrin and its feedstocks for the periods (2018-2023) and (2024-2032).
• It gives an overview of the Asia Pacific maltodextrin feedstock market, covering their regional historical (2018-2023) and forecasted (2024-2032) supply and consumption.

Cargill, Incorporated, Archer Daniels Midland Company, Ingredion Incorporated, Tate & Lyle PLC, Matsutani Chemical Industry Co., Ltd., Zhucheng Dongxiao Biotechnology Co., Ltd, Gulshan Polyols Ltd., Roquette Frères, Global Sweeteners Holdings Limited, Others  among others. The EMR report provides comprehensive analysis of their capacity, market share, and latest developments in the industry like mergers and acquisitions, capacity expansions, and plant turnarounds.

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