Europe Middle East And Africa Maltodextrin Market Share, Price, Growth, Analysis, Report and Forecast Period Of 2023-2028
The new report by Expert Market Research titled, ‘Europe Middle East and Africa Maltodextrin Market Share, Size, Growth, Scope, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the Europe Middle East and Africa maltodextrin market, assessing the market based on its segments like Application, Feedstock and Regional market among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
The rise of the food and beverage as well as the cosmetics industries in Europe, the Middle East, and Africa is aiding the maltodextrin industry. In recent years, there has been a significant increase in demand for organic products and organically derived components in various industries, particularly among younger customers and the middle class.
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Increased purchasing power and improved economic conditions in the Middle East and Africa are also propelling the convenience and packaged food business in Europe, the Middle East, and Africa to new heights. Because maltodextrin is widely utilised in processed foods, the region’s rise in the packaged food category is also bolstering the polysaccharide’s market.
Europe Middle East And Africa Maltodextrin Industry Definition and Major Segments
Maltodextrin is a starch-based meal that is easily digestive, absorbs as rapidly as glucose, and can be sweet or tasteless. It’s commonly utilised in the making of soft drinks and toffees. Maltodextrin is a polysaccharide that is frequently used in cuisine. It is made from partial hydrolysis of different starches, such as corn, rice, potato, wheat, mandioc, and others, with a DE content of less than 20%.
It generally comes in the form of a white hygroscopic spray-dried powder. Maltodextrin’s technological hurdles are quite low, resulting in a low market concentration rate. The rising demand for GMO-free maltodextrin, its increasing entry into veterinary medicine, and its growing use as industrial chemicals are all contributing to the Maltodextrin market’s development.
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On the basis of Application, the Europe Middle East and Africa maltodextrin market is segmented into:
- Food and beverages,
- Pharmaceutical,
- Health and personal care,
- Agriculture
Based on Feedstock, the Europe Middle East and Africa maltodextrin market is divided into:
- Wheat,
- Potato,
- Corn
- Cassava
The major regional markets of the Europe Middle East and Africa maltodextrin market are:
- Germany
- France
- United Kingdom
- Nigeria
- Saudi Arabia
- UAE
Europe Middle East And Africa Maltodextrin Market Trends
The availability of diverse polysaccharide feedstocks, particularly wheat and potatoes, is driving the maltodextrin market in the area. In 2017, overall potato production in the EU-28 nations reached 62 million tonnes, an increase of nearly 9% over 2016. In 2017, Germany, one of the region’s main potato producers, gathered 11.3 million tonnes of potatoes, up nearly 5% from 2016.
While maltodextrin is mostly produced in Europe from potatoes and wheat, Egypt and Nigeria primarily import the commodity from India and China. The development of the alcoholic beverage category, where maltodextrin is widely used, is also driving the market growth.
The rising cosmetics business in Saudi Arabia, Iran, and the United Arab Emirates is also helping the industry. The maltodextrin market is expected to benefit from increased demand for anti-aging and men’s grooming products in Europe.
Key Market Players
The major players in the market are Cargill, Incorporated, Archer Daniels Midland Company (ADM), Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, Tereos S.A, The Agrana Group, Hurgrana KFT, Tiba Starch & Glucose Manufacturing Company, and Tongaat Hulett Limited, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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