DEXTRIN MARKET ANALYSIS

Dextrin is a colorless, order less, tasteless, gummy, and low molecular carbohydrate which is specially used in food, pharmaceutical, textile, and others industry. It is formed as a result of hydrolysis of either starch or glycogen. Dextrins are the mixture of polymers of D-glucose units linked by glycosidic bonds. Starches are mostly found in plants. Dextrin used in food is mostly made from non-wheat sources such as rice, potatoes, and tapioca. Dextrin can be available in gluten free which is helpful for maintaining the sugar level. There are various health benefits of dextrin as it is a high source of soluble fiber. Fiber is helpful for weight loss, better skin health, higher bone density, and lower cholesterol. 

The global dextrin market was valued at US$ 2,785.80 Mn in 2021 and is expected to reach US$ 4,032.7 Mn exhibiting a CAGR of 3.4% during the forecast period 2022-2030.

Drivers:

Increasing health consciousness consumer base in globe

Increasing health consciousness consumer base can help to boost the global dextrin market growth in upcoming years. Dextrin has a high source of fiber which is a natural detoxifier and linked to lower risk of caners such as colon and liver cancer. Fiber provides filling without contribution taste or viscosity. The over consumption of sugary products has led to increased cases of high blood pressure, obesity, diabetes, and heart diseases. Dextrin is not digested as well as absorbed in human small intestine thus it doesn’t affect the blood sugar level. 

Rising the demand of dextrin in healthcare and pharmaceutical industry

In the healthcare and pharmaceutical industry dextrin has a various health benefits such as dextrin with saline solution can dehydrate the body and help to lower down the diabetes. Dextrin can reduce the bad cholesterol (LDL) level to support the cardiovascular health and help to maintain the good cholesterol level (HDL). Rising the demand of dextrin in healthcare and pharmaceutical industry can propel the market growth in forecast period.

Figure 1. Global Dextrin Market Revenue Share (%), By Application, 2021

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Among application, food held a dominant position in the global dextrin market in 2021, accounting for 29% market revenue share, followed by pharmaceutical and industrial industry. Because of the pandemic peoples are more focusing on the startups that can rising the demand of food manufacturing unit in the globe that helps to propel the global dextrin market growth in the forecast period.

Market Restraints

High cost of dextrin food product

High cost of dextrin food product is one of the major restraining factors in the global dextrin market. Consumption of synthetic dextrin leads to illness such as diarrhea and gas which restraint the global dextrin market growth in upcoming years. There are various side effects of dextrin such as rapid breathing, low blood phosphate, and loss of consciousness which can hampered the global dextrin market growth in forecast period.

Market Trends

Rising awareness about the medical advantages

Rising awareness about the medical advantages of dextrin can boost the market growth worldwide. Dextrin is used to thicken many products in food industry such as soups and baby foods which can helps to propel the global dextrin market growth in upcoming years. For instance, in May 2020, a supplier of food and beverages ingredients ‘Tate & Lyle’ announced that increasing the demand of shelf-stable foods and ingredients used in packaged in Europe and North America regions have positively influenced the global dextrin market growth.

Increasing the demand of ready-to-eat food products

Increasing the demand of ready-to-eat food products including bakery and confectionary product due to hectic lifestyle can drive the global dextrin market growth in forecast period. Furthermore, in December 2021, Cargill Inc. a food manufacturing company acquired the Croda’s bio based industrial units for expanding their natural derived solution for consumers globally.

Figure 2. Global Dextrin Market Revenue Share (%), By Type, 2021

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Among Type, the Cyclodextrin segment held a dominant position in the global dextrin market in 2021, accounting for 30% of market share. Cyclodextrins are dietary fibres which is useful for controlling the body weight and blood lipid profile is expected to drive the segment growth in the global dextrin market. 

Global Dextrin Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 has positively as well as negatively affected the global dextrin market. Due to lockdowns, countries are banned to travel and shutdown of business can reduce the economic and industries growth of the developing countries. Disruption in raw materials supplies and freeze the supply chain during the pandemic global dextrin market witnessed the lower growth. However, the increased consumption of dextrin includes products during COVID-19 can boost the market growth, owing to different taste and flavor in the bakery products. Due to COVID-19, consumers are more concerned about their immune health, energy metabolism, systematic inflammation, weight level, and their current lifestyles.

Competitive Section

Major players operating in the global dextrin market include Archer Daniels Midland Company, Cargill, Inc., Tate & Lyle, Roquette Frères S.A, Ingredion Incorporated, American Key Products, Inc., Meelunie B.V, Agridient Inc., Emsland Group, and Avebe.