The increased demand for low-calorie packaged foods is driving up demand for maltodextrin as a fat-reducing component. The simple availability of low-cost maltodextrin in emerging regions is propelling market expansion. Many international corporations provide high-quality maltodextrin products for the culinary and industrial industries. This is owing to the increased usage of maltodextrin by both foreign and domestic food processing industries. Meal replacement goods such as nutritious bars, fruit drinks, Herbal Life shakes, and quick soups are also contributing to the maltodextrin market's development. Maltodextrin is one such factor. Maltodextrin derived from wheat is not acceptable for gluten-free goods. Customers suffering from celiac disease are unable to consume the same. The rising incidence of celiac disease throughout the world is projected to limit maltodextrin market growth over the forecast period. The rising cost of raw materials used in the production of maltodextrin is expected to stifle market expansion. Furthermore, the increased demand for gums as an alternative to Maltodextrin is projected to stifle market expansion.
According to Coherent Market Insights, the global Maltodextrin Market is estimated to be valued at US$ 3,571.9 million in 2021 and is expected to exhibit a CAGR of 5.1 % over the forecast period (2021-2028).
Prominent Companies in the Maltdetrin Industry:
1. Cargill, Incorporated
Cargill is an international producer and marketer of food, agricultural, financial, and industrial products, and services. Founded in 1865. Headquartered in Minnesota U.S. In October 2021, Cargill launched new product a maltodextrin substitute made from rice flour maltodextrin substitute to replacement of wheat and gluten in consumer diets.
2. Archer Daniels Midland Company
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company was founded in 1902 and is headquartered in Chicago, Illinois. In December 2019, Archer Daniels Midland Company expanded the reach of its starch portfolio to the Canadian market through a partnership with IMCD (a leading distributor of specialty chemicals and food ingredients). In addition to a variety of other ADM texture solutions, tapioca maltodextrin, tapioca starch, corn starch, and will be available to buyers in the Canadian market.
3. Ingredion Incorporated
Ingredion Incorporated, together with its subsidiaries, produces and sells starches and sweeteners for various industries. It operates through four segments: North America; South America; Asia-Pacific; and Europe, Middle East and Africa. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois. In February 2021, Ingredion Incorporated and Grupo Arcor (A leading food company of Argentina) have signed an agreement to create a joint venture that will help to expand manufacturing expertise, complementary geographic footprints and commercial capabilities to broaden food and beverage ingredient offerings to customers in Argentina, Chile and Uruguay
4. Roquette Frères S.A
Roquette Frères S.A Serving a comprehensive range of industrial sectors, Roquette is one of the world's most advanced producers of starch and starch derivatives. It is also its leading expert in polyols, and the leading European producer of pyrogen free raw materials and cationic starches. Roquette factories in Europe, America and Asia process exclusively renewable raw materials. Founded in January 1993, headquartered in Spain.
5. Tate &Lyle Plc
Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products. Tate & Lyle PLC was incorporated in 1903 and is headquartered in London, the United Kingdom. In July 2018, Tate & Lyle introduced TASTEVA M Stevia Sweetener, a Reb M stevia sweetener which can be used for reduced-sugar products for food and beverage. The sweetener is produced from stevia leaf extracts and tastes like sugar. In October 2019, Tate & Lyle PLC (Tate & Lyle), expanded their non-GMO MALTOSWEET Maltodextrin production capacity. At its facility in Boleraz, Slovakia to meet growing global demand.
6. Penford Corporation
Penford Corporation was founded in 1894 and is headquartered in Centennial, Colorado. Penford Corporation is a global ingredient solutions company that produce sweeteners, starches, and unique ingredients from plant sources. It develops, produce, and markets specialty natural-based ingredient systems for industrial and food ingredient applications, including fuel grade ethanol. The company operates in two segments, industrial ingredients and food ingredients.
7. Grain Processing Corporation
GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. GrainCorp Limited was founded in 1916 and is headquartered in Sydney, Australia. In April 2019, Grain Processing Corp., (GPC) started a new expansion project in Daviess County. The company is investing $70 million to expand its Washington plant. GPC is growing its operations due to increasing demand for its MALTRIN products, which the company says are "high-quality, corn based ingredients used in numerous food, pharmaceutical, and personal care applications
8. Tereos Syral S.A.S.
Tereos transforms agricultural raw materials into sugar, alcohol and starch. Founded in 1932, headquartered in France.
*Definition- Maltodextrin is a white powder starch derivative that is used as a food ingredient. It is made by partially hydrolyzing grains starch such as maize, wheat, potatoes, and rice.
