LATAM (Latin America) Maltodextrin Market: By Application: Pharmaceutical, Health & Personal care, Agriculture and Others; By Region: Brazil, Argentina, Colombia; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); Feedstock: Corn, Cassava, Wheat and Potato; Regional Price Trends; Trade Analysis; Competitive Landscape; Consumer Analysis


LATAM Maltodextrin Market Key Insights:

  • Overview
  • Country wise Supply and Consumption
  • Price Analysis
  • Market Analysis & Outlook 2019-2024
  • Trade Data Analysis
  • Value Chain Analysis
  • Competitive Landscape
  • Capacity Addition & Plant Turnarounds
  • Mergers & Acquisitions

 

Market Outlook

The LATAM maltodextrin market was driven by the growth in the production of maltodextrin, with nearly 0.105 million metric tons being produced between 2017 and 2018. The regional market accounts for 3% of the total global output of maltodextrin. It added to the growth of the global maltodextrin production, which is expected to grow at a CAGR of 5% between 2019-2024, attaining 5 million metrics tons by 2024. The consumption of maltodextrin also increased in the region, attaining a consumption volume of about 0.24 million metric tons between 2017 and 2018.

Globally, maltodextrin finds the majority of its application in the food and beverage industry, which accounts for nearly 65% of its applications globally. The food and beverage sector is followed by health and personal care, pharmaceutical, and agricultural sectors as the major application sectors. It is also used extensively as a bulking agent in artificial sweeteners.

The maltodextrin industry is affected by the climate of its various feedstock market. Corn is the leading feedstock for maltodextrin, accounting for almost 70% of its global production. Corn starch is the major feedstock in countries like Brazil, whose healthy production drove the growth of the LATAM maltodextrin market. Between 2017-2018, Brazil accounted for 9% of the total corn production.

Properties and Applications

Maltodextrin is a polysaccharide that usually appears as a white hygroscopic spray-dried powder. It is derived from starch and finds application as a food additive and carbohydrate supplement. Depending on the extent of polymerisation, it can be either moderately sweet or can be almost devoid of any flavour. It is added to processed foods like infant foods, ice-creams, candy, soft drinks, and energy drinks.

Maltodextrin finds application in the following sectors:

  • Food and Beverage
  • Pharmaceutical
  • Health and Personal care
  • Agriculture
  • Others

The common feedstock for maltodextrin covered in the report are corn and corn starch, cassava and cassava starch, potato and potato starch, and wheat and wheat starch. The report looks into the consumption and supply of maltodextrin in Brazil, Argentina, and Colombia.

Market Analysis

The LATAM maltodextrin market is being driven by the robustly growing food and beverage industry. Maltodextrin finds application as a food thickener in food products such as ice-cream, beer, infant formula, potato chips, jerky, and frozen food. Its powder also finds application as a supplement used by bodybuilder and athletes as well as in sodas and candy. Latin America along with the Caribbean represents about 17.5% of the global beverage industry, generating an annual revenue of USD 17.7 million. The thriving beverage sector in the region is also pushing the maltodextrin industry forward as the polysaccharide finds widespread application in the beverage industry. Maltodextrin is added to beverages to flavour, increase solubility of beverage powders, and to help balance the sweetness of the drinks.

In Latin America, the industry is being aided by a growing middle-class population, which is projected to grow substantially in the coming decade. This growing middle class is leading to a change in consumption patterns with consumers demanding healthier foods, thus, providing an impetus to the maltodextrin market. The expanding sweeteners industry in countries like Brazil is further propelling the industry forward in the region. Processed foods such as instant noodles which contain maltodextrin are also being increasingly consumed in the area. Brazil is one of the leading markets for instant noodles.

Maltodextrin also finds application in the cosmetics and personal care industry where it is used as an absorbent, emulsion stabiliser, binding agent, moisturiser, and film-forming agent. In 2017, Latin America accounted for 11% of the global cosmetics industry with Brazil, Colombia, and Chile as the key markets in the region. Brazil, especially, is a leading cosmetics market in Latin America. The mounting growth of the cosmetics industry is in turn also aiding the maltodextrin industry in the region.

However, the LATAM maltodextrin market is expected to witness a decrease in demand in the coming years. Increasing health concerns about extra fat, blood sugar, allergic reactions, chronic inflammatory diseases, and weight gain might provide a hindrance to the growth of the industry. People with gluten intolerance may start avoiding maltodextrin products which contain traces of gluten.

Price Trends

The prices of the feedstock affect the maltodextrin prices too. In Brazil, the wheat prices are expected to see a hike due to the drought conditions prevailing in Southern Brazil.  Thus, wheat prices are estimated to have grown by 3% between 2018 and 2019.

Competitive Landscape

The report by EMR analyses the following key players in the LATAM maltodextrin market, looking into the share, capacity, and latest developments like mergers, acquisitions and investments, expansions of capacity, and plant turnarounds of these major market players:

  • Cargill, Incorporated
  • The Archer Daniels Midland Company
  • Ingredion Incorporated
  • Tereos S.A
  • Roquette Frères
  • Tate & Lyle PLC
  • The Agrana Group

The EMR report gives an in-depth insight into the LATAM maltodextrin market by providing a SWOT analysis as well as analysis of Porter’s Five Forces.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Market Overview
    3.2    Key Demand Drivers
    3.3    Key Players
    3.4    Feedstock Movements
    3.5    Supply Market Changes
4    Global Maltodextrin Market Outlook 
5    Global Maltodextrin Market
    5.1    Global Maltodextrin Market Analysis

        5.1.1    Figure: Global Maltodextrin Market Historical Supply (2014-2018) & Forecast (2019-2024)
        5.1.2    Figure: Global Maltodextrin Market Historical Consumption (2014-2018) & Forecast (2019-2024)
        5.1.3    Chart: Global Maltodextrin Market Breakup by Application
            5.1.3.1    Food & Beverages
            5.1.3.2    Pharmaceutical
            5.1.3.3    Health & Personal Care
            5.1.3.4    Agriculture
            5.1.3.5    Others
        5.1.4    Figure: Global Maltodextrin Market Breakup by Application: Historical Market (2014-2018) & Forecast (2019-2024)
            5.1.4.1    Food & Beverages
            5.1.4.2    Pharmaceutical
            5.1.4.3    Health & Personal Care
            5.1.4.4    Agriculture
            5.1.4.5    Others
        5.1.5    Figure: Regional Maltodextrin Market Historical Supply (2014-2018) & Forecast (2019-2024)
            5.1.5.1    North America
            5.1.5.2    Europe
            5.1.5.3    Asia Pacific
            5.1.5.4    LATAM
            5.1.5.5    Middle East & Africa
        5.1.6    Figure: Regional Maltodextrin Market Historical Consumption (2014-2018) & Forecast (2019-2024)
            5.1.6.1    North America
            5.1.6.2    Europe
            5.1.6.3    Asia Pacific
            5.1.6.4    LATAM
6    LATAM Maltodextrin Market
    6.1    LATAM Maltodextrin Market Analysis

        6.1.1    Figure: LATAM Maltodextrin Market Historical Supply (2014-2018) & Forecast (2019-2024)
        6.1.2    Figure: LATAM Maltodextrin Market Historical Consumption (2014-2018) & Forecast (2019-2024)
        6.1.3    Chart: LATAM Maltodextrin Market Breakup by Application
            6.1.3.1    Food & Beverages
            6.1.3.2    Pharmaceutical
            6.1.3.3    Health & Personal Care
            6.1.3.4    Agriculture
            6.1.3.5    Others
        6.1.4    Figure: LATAM Maltodextrin Market Historical Supply (2014-2018) & Forecast (2019-2024)
            6.1.4.1    Brazil
            6.1.4.2    Argentina
            6.1.4.3    Colombia
        6.1.5    Figure: LATAM Maltodextrin Market Historical Consumption (2014-2018) & Forecast (2019-2024)
            6.1.5.1    Brazil
            6.1.5.2    Argentina
            6.1.5.3    Colombia
    6.2    SWOT Analysis
        6.2.1    Overview
        6.2.2    Strengths
        6.2.3    Weaknesses 
        6.2.4    Opportunities
        6.2.5    Threats
    6.3    Value Chain Analysis
    6.4    Porter’s Five Forces Analysis

        6.4.1    Overview
        6.4.2    Buyer’s Power
        6.4.3    Supplier’s power
        6.4.4    New Entrants
        6.4.5    Degree of Rivalry
        6.4.6    Substitutes
    6.5    Global (HS Code-1702) Trade Analysis (2018)
        6.5.1    Major Exporting Countries by Value & Volume
        6.5.2    Major Importing Countries by Value & Volume
    6.6    LATAM Maltodextrin Price Analysis
        6.6.1    Brazil Maltodextrin Historical Price Trends (2014-2018) & Forecast (2019- 2024)
        6.6.2    Argentina Maltodextrin Historical Price Trends (2014-2018) & Forecast (2019-2024)
        6.6.3    Colombia Maltodextrin Historical Price Trends (2014-2018) & Forecast (2019-2024)
7    LATAM Feedstock Market Outlook
    7.1    Corn & Corn Starch
    7.2    Cassava & cassava Starch
    7.3    Potato & Potato Starch
    7.4    Wheat & Wheat Starch
8    LATAM Maltodextrin Feedstock Market 
    8.1    LATAM Corn & Corn Starch Market Analysis

        8.1.1    Figure: Corn & Corn Starch Historical Supply (2014-2018) & Forecast (2019-2024)
        8.1.2    Figure: Corn & Corn Starch Historical Consumption (2014-2018) & Forecast (2019-2024)
        8.1.3    Chart: Corn & Corn Starch Demand by Application
        8.1.4    Figure: Corn Supply (2014-2018) & Forecast (2019-2024)
            8.1.4.1    Brazil
            8.1.4.2    Argentina
            8.1.4.3    Colombia
        8.1.5    Figure: Corn Consumption (2014-2018) & Forecast (2019-2024)
            8.1.5.1    Brazil
            8.1.5.2    Argentina
            8.1.5.3    Colombia
    8.2    LATAM Cassava & Cassava Starch Market Analysis
        8.2.1    Figure: Cassava & Cassava Starch Historical Supply (2014-2018) & Forecast (2019-2024)
        8.2.2    Figure: Cassava & Cassava Starch Historical Consumption (2014-2018) & Forecast (2019-2024)
        8.2.3    Chart: Cassava & Cassava Starch Demand by Application
        8.2.4    Figure: Cassava Consumption (2014-2018) & Forecast (2019-2024)
            8.2.4.1    Brazil
            8.2.4.2    Argentina
            8.2.4.3    Colombia
        8.2.5    Figure: Cassava Supply (2014-2018) & Forecast (2019-2024)
            8.2.5.1    Brazil
            8.2.5.2    Argentina
            8.2.5.3    Colombia
    8.3    LATAM Potato & Potato Starch Market Analysis
        8.3.1    Figure: Potato & Potato Starch Historical Supply (2014-2018) & Forecast (2019-2024)
        8.3.2    Figure: Potato & Potato Starch Historical Consumption (2014-2018) & Forecast (2019-2024)
        8.3.3    Chart: Potato & Potato Starch Demand by Application
        8.3.4    Figure: Potato Supply (2014-2018) & Forecast (2019-2024)
            8.3.4.1    Brazil
            8.3.4.2    Argentina
            8.3.4.3    Colombia
        8.3.5    Figure: Potato Consumption (2014-2018) & Forecast (2019-2024)
            8.3.5.1    Brazil
            8.3.5.2    Argentina
            8.3.5.3    Colombia
    8.4    LATAM Wheat & Wheat Starch Market Analysis
        8.4.1    Figure: Wheat & Wheat Starch Historical Supply (2014-2018) & Forecast (2019-2024)
        8.4.2    Figure: Wheat & Wheat Starch Historical Consumption (2014-2018) & Forecast (2019-2024)
        8.4.3    Chart: Wheat & Wheat Starch Demand by Application
        8.4.4    Figure: Wheat Supply (2014-2018) & Forecast (2019-2024)
            8.4.4.1    Brazil
            8.4.4.2    Argentina
            8.4.4.3    Colombia
        8.4.5    Figure: Wheat Consumption (2014-2018) & Forecast (2019-2024)
            8.4.5.1    Brazil
            8.4.5.2    Argentina
            8.4.5.3    Colombia
    8.5    LATAM Feedstock Trade Analysis
        8.5.1    Major Exporting Countries by Value & Volume
            8.5.1.1    Corn & Corn Starch (1005,110812)
            8.5.1.2    Cassava & Cassava Starch (0714,110814)
            8.5.1.3    Potato & Potato Starch (0701,110813)
            8.5.1.4    Wheat & Wheat Starch (1001,110811)
        8.5.2    Major Importing Countries by Value & Volume
            8.5.2.1    Corn & Corn Starch (1005,110812)
            8.5.2.2    Cassava & Cassava Starch (0714,110814)
            8.5.2.3    Potato & Potato Starch (0701,110813)
            8.5.2.4    Wheat & Wheat Starch (1001,110811)
9    LATAM Feedstock Price Analysis
    9.1    Brazil
        9.1.1    Corn & Corn Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.1.2    Cassava & Cassava Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.1.3    Potato & Potato Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.1.4    Wheat & Wheat Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
    9.2    Argentina
        9.2.1    Corn & Corn Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.2.2    Cassava & Cassava Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.2.3    Potato & Potato Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.2.4    Wheat & Wheat Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
    9.3    Colombia
        9.3.1    Corn & Corn Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.3.2    Cassava & Cassava Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.3.3    Potato & Potato Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
        9.3.4    Wheat & Wheat Starch Historical Price Trends (2014-2018) & Forecast (2019-2024)
10    Manufacturing Process
    10.1     Detailed Process Flow
    10.2     Operations Involved
    10.3     Mass Balance
11    Cost Analysis
    11.1    Land, Location and Site Development
    11.2    Construction
    11.3    Plant Machinery
    11.4    Cost of Raw Material
    11.5    Packaging
    11.6    Transportation
    11.7    Utilities
    11.8    Manpower
    11.9    Other Capital Investment
12    Competitive Landscape & Supplier Analysis
    12.1    Cargill, Incorporated
    12.2    The Archer Daniels Midland Company
    12.3    Ingredion Incorporated
    12.4    Tereos S.A
    12.5    Roquette Frères
    12.6    Tate & Lyle PLC
    12.7    The Agrana Group
13    Consumer Analysis
14    Events and Developments

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