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Pharmacy benefit management market
Resistant Maltodextrin Market REPORT OVERVIEW
The global resistant maltodextrin market size was USD 0.34 billion in 2023 and market is projected to touch USD 0.59 billion by 2032, at a CAGR of 6.3% during the forecast period. North America is dominating the resistant maltodextrin market share in 2023.
Resistant maltodextrin is a kind of maltodextrin that is resistant to enzyme breakdown. It is a soluble dietary fibre component whose physiological roles in preserving appropriate blood glucose levels, serum lipids, and intestinal regularity are well known in Foods for Specified Health Use (FOSHU). Resistant Maltodextrin Powder is a type of digestion fibre that is used extensively in the beverage, frozen food, confectionery, cereal, dairy goods, health products, and other industries as well as in the manufacture of textiles, everyday chemicals, and pharmaceuticals. Because of this, it is the perfect ingredient for goods like food and beverage products that need to have a long shelf life.
An increasing elderly population that is vulnerable to gastrointestinal problems such irritable bowel syndrome, constipation, haemorrhoids, colon polyps, anal fissures, and others, as well as changing dietary trends and rising demand for health supplements, are the main drivers of market expansion.
COVID-19 Impact: The COVID-19 Underlying Condition Increased the Manufacturing and Stimulated the Market Growth
Despite the constraints imposed by COVID-19, healthcare spending in the global market is predicted to remain constant in 2021. The concentration of the dietary supplement business in these areas profited from the scenario since the resistant maltodextrin market share experienced an increase in demand for supplements that enhance immunity. Due to the surge in demand for commodities that support immunological and digestive health, the market for resistant maltodextrin has benefited from the abrupt effect of COVID-19. This resulted in a spike in sales of supplements such as protein, vitamins, omega-3 fatty acids, and others.
LATEST TRENDS
"Health Benefits and Consumer Awareness in Consumption of Plant Based Products to Augment the Market Growth"
As a result of the health advantages connected with plant-based goods and ingredients, consumption of natural and plant-based goods is fast expanding on the global market. Consumers today have greater dietary awareness and expertise, and they favour foods without added chemicals. Because of this, the substances utilised and their effects have an impact on how consumers behave when buying processed items. Since it comes from plant-based sources, digestion resistant maltodextrin is preferred by customers.
Resistant Maltodextrin Market SEGMENTATION
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By Type
Based on type the resistant maltodextrin market is classified into dietary fiber 85-90%, dietary fiber 90% and above and others.
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By Application
Based on application the resistant maltodextrin market is classified as beverages and dairy products, bakery and confectionery, nutraceuticals and other applications.
DRIVING FACTORS
"The Intensive Utilization in Food and Beverages Industry to Escalate the Market Growth"
The year 2018 saw consumption of resistant maltodextrin in the worldwide food business at USD 187 million. While the food business continues to be the primary user of the product, it is anticipated that during the anticipated time frame, the beverage industry will also become a significant user of resistant maltodextrin.
"Growing Awareness About Health Benefits to Drive Up the Market Demand "
The main element driving up product demand and providing lucrative growth opportunities for industry players is the growing consumer awareness of the harmful effects of consuming too many calories and the advantages of dietary supplements in both developed and developing countries. The world's ageing and obese population is a primary driver of resistant maltodextrin market growth. The nutritional habits of millennials have also undergone a paradigm shift, with a greater emphasis now being placed on preserving health with the use of dietary and functional supplements. When compared to starch-based sweeteners, resistant maltodextrin reduces the overall carbohydrate level of a final food product, which is why it is rapidly gaining appeal among young people. Over the projected period, growing health consciousness and the corresponding demand for low-calorie food would increase the revenue share of the product.
RESTRAINING FACTORS
"Stringent Regulations and Claim by Government to Restrain the Market Growth"
Strict regulations governing product labelling and health benefit claims are likely to make dietary supplements more challenging over the forecast period. Rigid laws, however, restrict the highlighted health advantages claimed and the product specifications by dietary supplement manufacturers. However, the development of the business may be hampered by strict government controls on the production of pharmaceutical and functional items.
Resistant Maltodextrin Market REGIONAL INSIGHTS
"North America To Dominate The Market With Presence of Major Manufacturers and Suppliers"
The North America market growth is anticipated to generate more than USD 200 million in revenue by 2027, according to the regional landscape. Due to the presence of major industry players and a populace that values their health, the region now has one-third of the global market's revenue share and is predicted to grow significantly over the coming years. Over the projection period, a rising CAGR is projected as a result of the growing popularity of meals with high nutritional content but less calories. As a consequence of new product releases, which are projected to increase awareness about the use of dietary supplements, the demand for dietary supplements is also likely to increase throughout the forecast period. Greater healthcare spending, an ageing population, growing interest in preventative healthcare, and increased interest in achieving wellness via nutrition are all predicted to support market expansion over the course of the projected period. The demand for sports nutrition will rise as the acceptance of sports as a career rises, which would benefit the market for dietary supplements.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
Given the number of enterprises already in existence, the supplements market has a broad scope. Due to widespread FDA rules, the top players have an advantage and still control the market. The biggest international players also have a geographic reach and great customer brand awareness, giving them an advantage. The top producers place a strong emphasis on product innovation, providing a variety of tastes and entertaining extra formats like candies and chewables. The market is fiercely competitive, with both big public and private businesses putting an emphasis on product development and innovation.
LIST OF TOP Resistant Maltodextrin COMPANIES
- Matsutani (ADM) (U.S.A)
- Roquette (France)
- Tate and Lyle (U.S.A)
- Bailong Chuangyuan (China)
- PLC (U.K)
- The Archer Daniels Midland Company (U.S.A).
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 0.34 Billion in 2023 |
Market Size Value By |
US$ 0.59 Billion by 2032 |
Growth Rate |
CAGR of 6.3% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
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By Application
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Frequently Asked Questions
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What value is the resistant maltodextrin market expected to touch by 2032?
The global resistant maltodextrin market is expected to reach USD 0.59 billion by 2032.
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What CAGR is the resistant maltodextrin market expected to exhibit by 2032?
The resistant maltodextrin market is expected to exhibit a CAGR of 6.3% by 2032.
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Which are the driving factors of the resistant maltodextrin market?
The extensive utilization in food and beverages industry and the growing awareness abouth health benefits are the driving factors of the resistant maltodextrin market.
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Which are the top companies operating in the resistant maltodextrin market?
Matsutani (ADM), Tate & Lyle, Roquette, Bailong Chuangyuan and others are the top companies operating in the resistant maltodextrin market.