The GlobalCorn Maltodextrin for Savoury Marketis forecast to reach USD 2.40 Billion by 2027, according to a new report by Reports and Data. Corn maltodextrin is plant-based carbohydrates, which is known to provide with high energy. There are various applications of this type of maltodextrin, which is fostering the growth of the sector. This type of maltodextrin can be used as a bulking agent in various food applications. This maltodextrin is known to provide with 100% glucose-based energy, the most effective energy substrate for brain recovery, muscles, and promote an active lifestyle. Corn based maltodextrin is available in gluten and lactose-free variants. These variants of maltodextrin can provide with high quality carbs from non-GMO corn starch, with excellent tolerance and high digestibility. It also provides with the scope of dextrose equivalent, which enables fine-tuning of product osmolarity along with enhanced energy, good hydration, and quick recovery. Its traits, like neutral taste and total solubility, results in its wide application in the food beverage industry. In the food beverage sector, one of its major use is as drying carriers and bulking agents in a wide range of food products like seasonings, soups powdered beverages, among others.
Top Companies Operating in the Global Corn Maltodextrin for Savoury Market Report: GLUCIDEX, Cargill, The Archer Daniels Midland Company, Penford Corporation, Zhucheng Dongxiao Biotechnology Co., Ltd., Roquette Freres SA, Grain Processing Corporation, Tate Lyle Plc, Tereos Syral, and Moonlight Malt.
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Further key findings from the report suggest
- The Corn Maltodextrin for Savoury Market held a market share of USD 1.82 Billion in the year 2018 that is forecasted to grow at a rate of 3.0% during the forecast period.
- In context to Form, the Liquid segment is projected to witness a faster growth rate of 4.1% during the forecast period, which occupied more than 30.0% of the market in 2018. The growth rate witnessed by the Liquid segment is attributed to the increasing demand for this type of maltodextrin in liquid form in the pharmaceutical sector due to its quick absorption and enhanced functioning as compared to its powdered form.
- In context to Application, the Baking segment held the largest market share of more than 20.0% in 2018, with a CAGR of 3.3% during the forecast period. The market share held by the Baking segment is attributed to the rising demand for baked products like cakes pastries, biscuits cookies, fillings, custards decors, and applicability of corn based maltodextrin in these products to replicate fat without impacting its taste.
- In regards to End-user, the Cosmetics Personal care segment is projected to witness the fastest growth rate of 3.8% during the forecast period, which is expected to hold 16.0% of the market by 2027. The growth rate witnessed by the Cosmetics Personal care segment is attributed to the continuous expansion of the personal care industry, the associated elevating demand for products like moisturizers, anti-aging products that is supporting the growth rate witnessed by this segment. In these products, corn based maltodextrin is used as a binding agent, film-forming agent, absorbent, and emulsion stabilizer. The anti-aging properties of hydroxy acids results in its growing popularity in anti-aging products.
- In regards to the region, Asia Pacific is projected to witness the fastest growth rate of 3.4% during the forecast period, which is expected to hold more than 20.0% of the market by 2027. The growth rate witnessed by the APAC region is attributed to the continuous growth of the food beverage sector, rising geriatric population, and expanding pharmaceutical industry, which is supporting the expansion of the sector in this region.
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
An analysis of the Corn Maltodextrin for Savoury Market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Corn Maltodextrin for Savoury Market, a country-by-country analysis of the market is provided in the report.
The global Corn Maltodextrin for Savoury Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Form Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Powder
- Liquid
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Cereals snacks
- Baking
- Powdered beverages
- Sauces, dressings soups
- Processed meat seafood
- Savoury
- Nutraceuticals: functional foods
- Moisturizer
- Absorbent
- Others
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
- Food Beverage Industry
- Cosmetics Personal care
- Pharmaceutical Industry
- Chemicals
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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