Global Dextrin Market - 2023-2030

Overview

Global Dextrin Market reached US$ 2.94 billion in 2022 and is expected to reach US$ 4.08 billion by 2030, growing with a CAGR of 4.2% during the forecast period 2023-2030.

Dextrin is an essential ingredient in various industries, including the food and cosmetic industry. The rising health consciousness among consumers drives the demand for various natural and functional ingredients. The high fibre content of dextrin helps eliminate wastes from the body and maintain a healthy body weight. Health benefits of dextrin encourage consumers to incorporate dextrin based food and beverage products in their daily diet.

Manufacturers are highlighting the production of non-GMO sourced dextrin. For instance, Nutriose, from Roquette, is a sugar-reduced wheat dextrin from non-GMO wheat. With the rising trend of clean-label ingredients in food and beverage products, the market for dextrin increases constantly due to its sourcing from natural products. The availability of gluten-free dextrin from corn potato starch increases the demand for gluten-free product production.

Many dextrin manufacturers provide gluten-free dextrin produced from potato and corn-based raw materials for their use in gluten-free product production. For instance, in 2021, Cargill Inc. announced the introduction of C Tex, a new line of corn maltodextrin products in their product portfolio. Likewise, TACKIDEX, a potato dextrin, is manufactured by Roquette, for its use as an ingredient in clinical nutrition and nutraceuticals.

Dynamics

Wide Applications of Dextrin in Various Industries

Dextrin has several applications in various industries. The increasing demand for dextrin from all different industries positively impacts market growth. In the food and beverage industry, dextrin is widely used as a binder, stabilizer and thickening agent. Dextrin plays a key role in pharmaceutical applications as an adhesive and stiffening agent for surgical dressings. It is also used as a diluent and binder for tablet granulation.

The role of dextrin as a binder and emulsifier in the cosmetic industry drives its applications in skin care product formulation. The ability of dextrin to increase the solubility of water-soluble compounds raises its application in the production of body lotions and creams, to achieve a desirable smooth and uniform texture of the product. The wide applications of dextrin in several industries increase its demand, boosting market growth.

Rising Demand for Clean-Label and Natural Ingredients

The rising consumer awareness regarding the benefits of clean-label ingredients demands the production and use of clean-label dextrin ingredients in various products. The rising demand motivates manufacturers to produce such dextrin at the industrial level. For instance, Roquette Freres, a French-based food company providing plant ingredients, launched Nutralys T70S in 2021. This new line of corn maltodextrin provides a clean-label ingredient for its applications in various food products.

The role of dextrin as a natural ingredient in skin care products drives its applications in the cosmetic industry. For instance, in April 2022, Roquette Beaute, a plant-based ingredient specialist, introduced its new ingredient, Beautz by Roquette DE 006, INCI Dextrin, to the cosmetics market. The 100% plant-based dextrin is a natural ingredient in cosmetics, serving consumers looking for natural cosmetic ingredients.

Alternative Product Consideration

Using large amounts of dextrin leads to some side effects, such as gastrointestinal distress and allergic reactions. The health and allergen concerns associated with dextrin, reduce its use in some of the product's production, restraining the market growth. Food and beverage manufacturers are looking for dextrin substitution. The availability of alternative products to dextrin and their huge adoption in various applications restrain the market growth. Common sweeteners such as honey and table sugar are used as sweeteners.

Guar binding gum and pectin are used as a healthier alternative to maltodextrin to stabilize and thicken some food products. Some of the alternative product launches for maltodextrin hinder the market growth. For instance, in November 2021, Cargill announced the launch of a maltodextrin alternative. The scientists at Cargill developed SimPure 92260 ingredient, a highly soluble rice flour that can replace maltodextrin in various convenience food applications.

Segment Analysis

The global dextrin market is segmented based on type, powder form, nature, distribution channel, price range, application, end-user industry and region.

Useful and Versatile Ingredient

The global dextrin market is segmented based on type into maltodextrin, cyclodextrin, amylodextrin and others. Maltodextrin contributed to the largest segment in the global dextrin market due to its wide applications in the food and beverage industries. Maltodextrin is a food additive in various products such as ice creams, candies and breweries. Maltodextrin's solubility and fat-replacing nature boost its use in the food and beverage sector.

Maltodextrin has greater applications as a thickener and preservative in the production of processed food products. Extending shelf life, improving product texture and providing a neutral taste are some of the benefits of maltodextrin in food production. The easy digestibility and rapid absorption properties of maltodextrin drive its applications in various products, driving market growth.

Geographical Penetration

Increased Industrial Developments

Asia-Pacific dominates the global dextrin market, due to the high industrialization and increased use of dextrin in various industries such as food, textiles and cosmetics. The presence of emerging economic countries such as India and China provide greater opportunities for every industrial sector to induce dextrin as an additive in product development.

China and Japan are the largest importers of dextrin in global trade. With the highest importing capacity, the region uses dextrin in different product developments of various industries. Rapid urbanization and hectic lifestyles in this region drive the adoption of processed food. There is a greater need for dextrin to produce processed food and beverage products, due to its essential properties of maintaining product stability, which drives the market growth.

Competitive Landscape

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

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic had a mixed impact on the global dextrin market. The strict lockdown restrictions by the government in the initial phases of COVID-19 halted the supply chain activities of the raw materials needed to produce dextrin. The price fluctuations of raw materials, such as tapioca and corn, used in dextrin production badly impacted the manufacturers.

The import and export challenges arose due to the pandemic, resulting in supply shortages for some raw materials needed to produce dextrin. The halt in the industrial processes that initially used dextrin as an ingredient reduced its demand. The uncertainty in the availability of fresh food and beverage products increased the demand for processed food products.

The greater role of dextrin as an essential ingredient in various food and beverage product production increased its demand from the food and beverage processing industries. The life down of lockdowns and availability of dextrin ingredients from the various e-commerce platforms made it accessible for the industrial sectors to obtain dextrin as their ingredient, increasing sales.

Russia- Ukraine War Impact

The Russia-Ukraine war negatively impacted the global dextrin market. Ukraine is one of the major producers of wheat and corn grains, which are primary sources of dextrin. According to USDA, Ukraine produced 27,000 MT of corn and 21,500 MT of wheat in 2022. The war disrupted the raw material supply globally and increased the pricing of the raw materials for the dextrin market.

According to the University of Florida, Ukraine and Russia hold around 28% of the global wheat exports. The war disrupted import and export trade and increased the costs of import and exports, resulting in economic disturbances worldwide. The political and economic uncertainty created due to the war had a negative impact on the dextrin market.

By Type

• Maltodextrin
• Cyclodextrin
• Amylodextrin
• Others

By Powder Form

• Yellow
• White
• Brown

By Nature

• Organic
• Gluten-Free
• Non-GMO

By Distribution Channel

• Offline Distribution Channel
• Online Distribution Channel

By Price Range

• Low-Cost
• Mid-Range
• Premium

By Application

• Emulsifier
• Stabilizer
• Thickener
• Binder
• Others

By End-User Industry

• Food and Beverage
• Pharmaceutical
• Cosmetic
• Paper and Textiles
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In January 2023, a Japanese beverage company, Kirin Holdings Company, announced its collaboration with Fancl Corporation, a dietary supplements company, to launch Kirin x Calolimit Apple Sparkling, a carbonated beverage. The product contains indigestible dextrin as its dietary fiber.
• In March 2021, Angel Starch and Food Private Limited, a manufacturer and exporter of industrial starch, announced the launch of dextrin starches into the market. The Tapioca White Dextrin launch increased the company's dextrin market range in textiles manufacturing in Europe.

Why Purchase the Report?

• To visualize the global dextrin market segmentation based on type, powder form, nature, distribution channel, price range, application, end-user industry and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of dextrin market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global dextrin market report would provide approximately 93 tables, 101 figures and 220 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies