Resistant Dextrin Market REPORT OVERVIEW
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The global resistant dextrin market size was USD 382.9 million in 2022 and is projected to touch USD 752.64 million by 2031, exhibiting a CAGR of 7.8% during the forecast period.
Resistant dextrin is a derived form of wheat or corn starch found in white to light yellow colored powder. It is a dietary fiber soluble in water prepared with non-genetically modified corn starch. It is a digestive resistant fiber extensively used in frozen food, dairy products, cereals, textile industries, daily chemicals, etc. When it is added to dairy products, it expands their volume. It has good flushing properties, which extends the product's shelf life.
Resistant dextrin is formed after the hydrolysis of glycogen or starch. When used in food, it has non-wheat sources such as potatoes, rice, or tapioca. It is indirectly used in the food industry as a substance in the processing and finishing food products. It is also used as an adhesive in the textile industry and a binding agent in the pharmaceutical industry. The growth is expected to be backed by the rising number of small and medium-sized production units and steady adoption of resistant dextrin in various industries.
COVID-19 Impact: Strict Lockdown Implementation to Hinder Market Expansion
The sudden outbreak of the pandemic affected every industry. The stringent lockdown implemented globally hindered the expansion of resistant dextrin market share. The food processing and other industries were shut down, which disturbed the supply chain and affected the market's growth. The disturbance in the supply chain is expected to pose challenges for the producers by limiting the growth of the market.
LATEST TRENDS
"Increasing Diet and Health Concerns in Consumers to Drive the Market Trend"
Rising concern for health and increasing demand for highly functional and nutritional food for the consumption of animals and humans are expected to drive trends in the market. The health benefits such as balancing digestive health, maintaining healthy blood sugar levels, and other health benefits associated with resistant dextrin are anticipated to bolster growth in the market. Moreover, the product can reduce the risk of heart diseases and strokes by reducing triglyceride levels in the human body.
Resistant Dextrin Market Segmentation
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- By Type Analysis
By type, the market is segmented into above or equal to 85.0% (Ⅰ Type), above or equal 90.0% (Ⅱ Type), and others.
- By Application Analysis
Based on application, the market is classified into healthcare products, dairy products, flour products, functional beverages, infant food, and others.
DRIVING FACTORS
"Growing Adoption of Dietary Supplements to Garner Product Demand"
The population’s rising concern about leading a healthy life is anticipated to boost the demand for resistant dextrin as it works as a digestive resistant fiber. The digestive resistant characteristic of the product increases its usage in the manufacturing of candy, dairy products, frozen food, beverages, and health products. This factor is expected to bolster major demand in the market. Furthermore, the rising demand for dietary supplements is expected to surge growth.
"Changing Lifestyle and Higher Disposable Income to Foster Market Growth"
The resistant dextrin is a source of fiber that is considered a prebiotic. With the outbreak of various diseases, the population’s concern about health is growing consistently. The fiber-rich properties of resistant dextrin are anticipated to bolster market growth. Additionally, the rising awareness among the population regarding the benefits of resistant dextrin is also expected to garner resistant dextrin market growth.
RESTRAINING FACTORS
"Low Awareness of Product Usage to Impede the Market Growth"
The high production costs also lead to the higher cost of the product, which is expected to hinder the adoption of hydrogen silicone oil. The lack of awareness of the product is also anticipated to be the major factor in hampering the growth of the market. The low awareness of product usage among the population is expected to hinder the resistant dextrin market growth. Additionally, the Lower supply of the product in countries is also anticipated to hinder the growth of the market.
Resistant Dextrin Market REGIONAL INSIGHTS
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"Asia Pacific to Dominate Owing to Developing Food Industry"
Asia Pacific is anticipated to witness maximum growth in the global market due to the food industry's steady development. Moreover, the pharmaceutical and cosmetic industry’s presence in emerging countries such as India, Japan, and China is expected to garner growth in the region. Additionally, China and India are expected to highly favor the region’s growth. Other regions are also expected to show sizeable growth in the market.
KEY INDUSTRY PLAYERS
"Market Players to Adopt Advanced Strategies to Grow Consistently"
The market consists of various sized companies such as small-sized, medium-sized, and large-sized. The presence of various significant competitors creates a competitive environment in the global market. Major players strive to gain acquisitions and collaborations in the market to expand their product portfolio. The players try to gain a competitive advantage by adopting advanced technology. Companies also strive to gain market insights to offer an all-inclusive market report to the stakeholders. The companies are also developing strategies that offer long-term growth to the market.
List of Market Players Profiled
- Roquette (France)
- Tate & Lyle (U.K.)
- Shandong Bailong Chuangyuan Bio-Tech Co., Ltd. (China)
- Baolingbao Biology Co., Ltd. (BLB Group CO., Ltd. (China)
- L&P Food Ingredient Co., Ltd. (L&P) (China)
- Matsutani Chemical Industry Co., Ltd. (Japan)
REPORT COVERAGE
The report covers the demographic analysis of the market, which shows the dominant regions existing in the global market. The key companies and their headquarters are also mentioned in the report to provide detailed information about the major players existing in the market. It also emphasizes the new strategic activities occurring in the market. The report also depicts the ongoing and upcoming hydrogen silicone oil market growth opportunities. The recent developments are included in the report to offer insights into the market to our stakeholders. The report offers an all-inclusive compiled report of the market. The report on analysis of regions is also included, which covers the dominating region of the global market.
- Beta
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 382.9 Million in 2022 |
Market Size Value By |
US$ 752.64 Million by 2031 |
Growth Rate |
CAGR of 7.8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the resistant dextrin market expected to touch by 2031?
The global resistant dextrin market is projected to touch USD 752.64 million by 2031
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What CAGR is the resistant dextrin market expected to exhibit by 2031?
The resistant dextrin market expected to exhibit a CAGR of 7.8% by 2031.
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Which are the driving factors of the resistant dextrin market?
Growing Adoption of Dietary Supplements and Changing Lifestyle and Higher Disposable Income are the driving factors of the resistant dextrin market
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Which are the top companies operating in the resistant dextrin market?
Roquette (France), Tate & Lyle (U.K.), Shandong Bailong Chuangyuan Bio-Tech Co., Ltd. (China), Baolingbao Biology Co., Ltd. (BLB Group CO., Ltd. (China), L&P Food Ingredient Co., Ltd. (L&P) (China), Matsutani Chemical Industry Co., Ltd. (Japan) are the top companies operating in the resistant dextrin market