Posted on 30 May 2019
According to a new report by EMR titled, ‘EMEA Maltodextrin Market Report and Forecast 2019-2024’, the EMEA maltodextrin market attained a production volume of 0.84 million metric tons in the period 2017-2018. The EMEA market growth is also driving the global maltodextrin market growth, which is expected to grow further at a CAGR of almost 5% between 2019-2024.
The Europe, Middle East and Africa maltodextrin market is being aided by the expansion of the food and beverage as well as the cosmetics sectors in the region. The rise in demand for organic products and naturally derived ingredients in these sectors has witnessed a robust growth in recent years, especially among the younger consumers and middle-class population. Increase in purchasing powers and improvements in the economic conditions of the Middle east and African countries is also driving the growth of the convenience and packaged food sector in EMEA. With maltodextrin being extensively used in processed food products, the growth in the packaged food segment in the region is also boosting the market of the polysaccharide. The Middle East region has seen a rise in the frozen foods segment in recent years, driven by an expanding expatriate population, which is expected to further propel the maltodextrin market in the area. Maltodextrin is used as a cryoprotectant, preventing ice crystal formation in frozen food items. They also help in controlling the mouthfeel of these products and stabilising their texture.
With consumers increasingly seeking non-genetically modified food options, manufacturers are increasingly producing maltodextrin which can be labelled as non-GMO. In 2017, Tate and Lyle, one of the major players in the starch industry, announced its plan to double the production capacity of non-GMO ‘MALTOSWEET’, a maltodextrin product, at its Boleraz plant in Slovakia. The expansion, which is expected to be completed by 2019, will capitalise on the rising demand for non-GMO and food grade maltodextrin, especially in regions like Europe, Middle East and Africa, and the Asia Pacific.
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The maltodextrin market in the region is being driven by the ease of availability of various feedstock of the polysaccharide, especially wheat and potatoes. The total potato output in 2017 in the EU-28 countries stood at 62 million tonnes, increasing by about 9% as compared to 2016. Germany, one of the leading potato producer in the region, harvested 11.3 million tonnes of potatoes in 2017, which was a hike of about 5%, as compared to 2016. While countries in Europe largely produce maltodextrin from potatoes and wheat, countries like Egypt and Nigeria mostly import the product from India and China.
Market Analysis by Applications, Regions, and Feedstock:
Key Findings of the Report:
Key Offerings of the Report:
Cargill, Incorporated, Archer Daniels Midland Company (ADM), Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, Tereos S.A, The Agrana Group, Hurgrana KFT, Tiba Starch & Glucose Manufacturing Company, and Tongaat Hulett Limited are the key players in the EMEA maltodextrin market. The EMR report examines their market share, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds.
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