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Corn Maltodextrin Market Size, Share & Industry Analysis, By Form (Liquid, Powder), By Application (Bakery, Beverage, Infant Formula, Confectionery, Dietary Supplements, Cosmetics & Personal Care Products, Others) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI106062 | Status : Ongoing

 

KEY MARKET INSIGHTS

Corn maltodextrin is a polysaccharide widely utilized as an ingredient in various processed food products, made up of plant-based carbohydrates, known for their high energy. They are also soluble with little or no sugar, with texturizing, gelling, emulsifying, non-crystallizing, and other valuable properties. According to the United States Department of Agriculture (USDA), typical use levels for corn maltodextrin in foods and beverages are between 1-10%.


Maltodextrin is often made from genetically modified corn. According to the Food and Drug Administration (FDA), GMO corn does not pose any health risk. Scientific evidence has shown that foods from genetically engineered plants are just as safe as those from comparable non-GMO counterparts.

The expansion of the food & beverage industry and the growing demand for maltodextrin as a food additive are driving the market's growth. Corn maltodextrins are a good energy source, especially for infants, as they are easily digested and absorbed by the body. It also helps to balance intestinal osmolarity, which intestinal disorders can impair in infants. Since osmolarity is related to hydration, corn maltodextrin helps to maximize hydration in infants.

Corn maltodextrin is widely used in the food & beverage industry, one of its main applications is as a carrier and a drying agent in a variety of food products such as condiments, soups, powdered beverages, etc. Therefore, the wide application of corn maltodextrin contributes to the continued growth of this sector. The use of corn maltodextrin in pharmaceuticals and cosmetics will further create new opportunities in the market.

The availability of several other food additives with similar attributes, such as guar gum, pectin, agar, stevia, and others, pose a restraint in the market growth. Stevia has no calories and little effect on blood sugar levels. Sugar alcohols have fewer calories than maltodextrin and also has a lower impact on blood sugar levels. These alternatives can restraint the growth of the corn maltodextrin market in the forthcoming year.

Key Market Driver -

Increasing Demand for Convenience and Infant foods

Key Market Restraint -

Substitutes used as a thickener in the food and beverage industry


Key Market Players:


The top manufacturers operating in the corn maltodextrin market are Cargill Inc., Roquette Freres S.A., Tate & Lyle Plc., Ingredion Incorporated, Zhucheng Dongxiao Biotechnology Co., Ltd., Tereos Syral S.A.S, Kent Corporation, Lehmann Food Ingredients Ltd, and Archer Daniels Midland Company.

By form, powdered form is expected to hold a significant share in the market. Corn maltodextrin in its natural state is available as a white powder, which is widely used in food and beverage product formulations as spices, non-caloric sweeteners, minerals, or vitamins. It is used to produce various foods such as baked goods, packaged foods, snacks, cereals, etc. It is also considered a good source of energy for both babies and sportsperson, as they are easily absorbed in the small intestine and therefore readily available for use by the body.

By application, the bakery segment is expected to witness robust growth due to the growing demand for baked goods such as cakes, pastries, cookies and crackers, fillings, ice cream, and decorations, and the applicability of corn maltodextrin in these products to replicate the fat without affecting the taste.

According to European Union (EU), corn maltodextrin and lactose are two of the eight carbohydrates approved for use in infant formula. Corn Maltodextrin can be used as an alternative to lactose for energy as some infants are lactose deficient. It can also balance the sweetness when used with lactose. The working women population is primarily dependent on processed child nutrition products because of their busy lifestyle. This leads to an increase in the demand for infant formula, which is why this segment is expected to drive market growth. According to European Food Safety Authority (EFSA), the consumption of carbohydrates, including corn maltodextrins, supports brain and muscle function.

The cosmetics and personal care products segment is further expected to see growth. As per the European Commission database of information on cosmetic substances and ingredients, corn maltodextrin acts as an absorbent, binder, emulsion stabilizer, film-forming agent, hair conditioner, and skincare agent in cosmetic and personal skin care products. It stabilizes and improves the texture of the skincare formulation. The anti-aging properties of hydroxyl acids are reflected in their growing popularity in anti-aging products. It is an inexpensive, soluble, non-irritating personal care ingredient commonly found in creams, lotions, and hair care products.

Regional Analysis


North America is predicted to hold maximum market share, owing to the well-established food and beverage sector and the growing demand for baked goods such as cookies and crackers. The increasing demand of food supports the expansion of the market in this region. According to the United States Department of Agriculture (USDA), Americans' expenditures on food amount to 13 % of household budgets on average. Agriculture, food, and related industries contributed USD 1.109 trillion to the U.S. gross domestic product (GDP) in 2019, a 5.2 % share.

Europe is expected to see significant growth in the forthcoming years. Corn maltodextrin is widely used in the personal care industry, and the growing demand for specialized grooming cosmetics for men is aiding the market. The region is also being aided by the rising consumption of sport and instant drinks where corn maltodextrin is added. According to the Union of European Beverages Associations (UNESDA), no- and low-calorie beverages now account for up to 30% of sales in many European markets.

Asia Pacific region is anticipated to see robust growth, owing to the rising demand for low-calorie and low sugar food products due to growing awareness about health and lifestyle. The increase in the middle-class population has led to the growth in the consumption of premium products like high-quality packaged foods which can boost the market growth of products containing corn maltodextrin.

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Segmentation






















 ATTRIBUTES 

 DETAILS     

By Form



  • Liquid

  • Powder



By Application



  • Bakery

  • Beverage

  • Infant Formula

  • Confectionery

  • Dietary Supplements

  • Cosmetics & Personal Care Products

  • Others



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, Spain, France, Italy, U.K., and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Argentina, Brazil, and, Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



 

 





  • Ongoing
  • 2023
  • 2019-2022

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