Dextrin Market by Type (Maltodextrin, Cyclodextrin, Amylodextrin, and Others), Application (Food, Pharmaceutical, Industrial, Cosmetics, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

Global Dextrin Market Analysis

The global dextrin market size is predicted to garner $3,538.00 million in the 2021–2028 timeframe, growing from $2,656.90 million in 2020, at a healthy CAGR of 3.60%. 

Market Synopsis

Strategic alliances among market players, along with growing demands for dextrin in number of health benefits, are expected to accelerate the growth of the dextrin market.

However, side effects of high consumption of dextrin such as weight gain might be growth-restricting factor for the market.

According to the regional analysis, the Asia-Pacific dextrin market size is anticipated to grow during the review period and generate a revenue of $1,238.30 million, with CAGR of 3.60% due to increasing consumption of dextrin in food industry.  

Dextrin Overview

Dextrin is low molecular carbohydrate, a colorless, odorless, and tasteless substance. Dextrin is formed by hydrolyzing the glycogen or starch. It is mostly available in potatoes, non-wheat, rice, corn, and other sources. Moreover, dextrin is applicable in many industries such as food industry for food finishing and processing. Also, dextrin is used in pharm industries as a binding agent.

Covid-19 Impact on Dextrin Market Shares

The novel coronavirus pandemic had a devastating effect on several industries. The global dextrin market experienced a moderate growth during this period. Dextrin market growth was affected due to the outbreak of COVID-19 in three different ways such as demand, production, supply chain, and market disruption. Also, ongoing restrictions in manufacturing units are some of the factors that decrease the market for dextrin.

On the other hand, there are many companies that are working dedicatedly to support customers in pandemic times to deliver essential food items. For instance, in May 2020, Tate & Lyle, global supplier of food and beverage ingredients, revealed that they have experienced higher demand for shelf-stable foods and ingredients used in packaged in Europe and North America regions. The above-stated factors show that the pandemic may generate substantial investment opportunities in the market in the coming years.

Increasing Prevalence of Dextrin in Medicines to Surge the Market Growth

The global dextrin industry is witnessing a massive growth mainly due to increasing demand for dextrin in healthcare and pharmaceutical industry that carries health benefits such as dextrin with saline solution can dehydrate the body and dextrin can lower down the blood sugar level. Moreover, increasing demand for natural ingredients are some of the factors that may boost expansions to fuel the growth of the global dextrin market.

Furthermore, according to an article in Medical News Today, in July 2018, FDA (U.S. Food and Drug Administration) revealed that maltodextrin is safe to consume when taken in proper amount. Along this, maltodextrin is the best choice for people that needs quick energy and muscle gain and therefore many athletes use maltodextrins. These factors that are predicted to drive the growth of the market.

To know more about global dextrin market trends, drivers, get in touch with our analysts here.

Side Effects of Dextrin to Restrain the Market Growth

Dextrin is safe to consume but there are several side effects of using too much dextrin such as rapid breathing, low blood phosphate, swelling, loss of consciousness, and other side effects. These are some of the factors anticipated to hinder the market value of the dextrin in the next few years.  

Growing Demand for Dextrin in Textile Industry to Create Massive Investment Opportunities

The global dextrin market is spreading at a very fast pace due to increasing demand for dextrin as textile coating and finishing agent to increase stiffness and weight of textile fabrics. Also, dextrin is chemical free and therefore it is used in textile industry. All such aspects thereby are positively affecting the market growth.

Furthermore, dextrin industry already has leading market players innovating strategies to attract customers. For example, Angel Starch And Food Private Limited, manufacturer and exporters of industrial starch, offers various dextrin starch such as Tapioca White Dextrin that is mostly used in textile as an efficient thickening agent and provides stiffness to clothes. All such aspects may further lead to lucrative market opportunities for key players in the upcoming years.

To know more about global dextrin market trends, opportunities, get in touch with our analysts here.

[TYPEGRAPH]

Source: Research Dive Analysis

The maltodextrin type sub-segment is predicted to have a dominating share as well as fastest market growth in the global market. The sub-segment is expected to register a revenue of $1,836.60 million during the forecast period. Maltodextrin is type of dextrin that comes in powdery form and is extracted from potato, corn, and rice. Moreover, according to an article by Healthline, information provider of healthcare products, in September 2018, maltodextrin is the best fast-digesting carbohydrate and therefore maltodextrin supplements can easily be helpful in maintaining anaerobic power during exercise. These factors and strategic alliances may bolster the growth of the sub-segment during the forecast period and surge the dextrin market demand.  

[APPLICATIONGRAPH]

Source: Research Dive Analysis

The food sub-segment of the global dextrin market is projected to have the dominant share. It is also projected to surpass $1,242.50 million by 2028, with an increase from $890.1 million in 2020. This growth in the market can be attributed to growing demand for dextrin such as wheat dextrin, corn dextrin, potato dextrin, and others in food industry due to its high consumption in dairy, bakery, confectionary, and other types of dairy products as a thickening and gelling agent. Also, rising population of health-conscious people that consume health supplements for weight loss may increase the demand for sub-segment and dextrin market.

[REGIONGRAPH]

Source: Research Dive Analysis

The Market for Dextrin in Asia-Pacific to be the Most Dominant

The Asia-Pacific dextrin market accounted $932.6 million in 2020 and is projected to register a revenue of $1,238.30 million by 2028. The extensive growth of the Asia-Pacific dextrin market is mainly driven by higher disposable incomes with existence of top leading companies augmenting the industry growth in the region. Moreover, growing demands for dextrin in textile and paper industries across China, India, Japan, and other countries is one of the factors that is fueling the market growth across the globe. These factors will ultimately drive the demand in the dextrin market across the region.   

The Market for Dextrin in Europe to be the Fastest Growing

The share of Europe dextrin market is expected to rise at a CAGR of 4.50%, by registering a revenue of $1,022.50 million by 2028. The growth shall be a result of rising demand for wheat dextrin in food industry for food finishing and as a thickener. In addition to this, Netherland and Germany are the most leading countries in dextrin market. Such aspects may bolster the demand for dextrin market, in the upcoming years.

Competitive Scenario in the Global Dextrin Market

Product launches and mergers & acquisitions are common strategies followed by major market players.

Source: Research Dive Analysis

Some of the leading dextrin market players are 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.

Porter’s Five Forces Analysis for the Global Dextrin Market:

• Bargaining Power of Suppliers: The product suppliers of dextrin market are high in number and are larger and more globalized. So, there will be less threat from the suppliers.
  Thus, the bargaining power of suppliers is low. 
• Bargaining Power of Buyers: Buyers demand different types of dextrin that give health benefits. This has increased the pressure on the dextrin providers to offer the best dextrin in different forms and colors. This gives the buyers the option to freely choose dextrin that best fits their preference.
  Thus, the bargaining power of the buyers is high. 
• Threat of New Entrants: Companies entering the dextrin market are adopting various innovations such as developing dextrin that are available in textures and colors.
  Thus, the threat of the new entrants is moderate.
• Threat of Substitutes: There are different forms of starch available for various industries, but dextrin is the best choice because it is chemical free and healthier as suggested by many studies.
  Thus, the threat of substitutes is low.
• Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players including Archer Daniels Midland Company and Cargill, Inc. These companies are launching their value-added services in the international market and strengthening the footprint worldwide.
  Therefore, competitive rivalry in the market is high.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By type trends
2.3.By application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis

3.8.1.Stress point analysis
3.8.2.Raw material analysis
3.8.3.Manufacturing process
3.8.4.Application analysis
3.8.5.Operating vendors

3.8.5.1.Raw material suppliers
3.8.5.2.type manufacturers
3.8.5.3.type distributors

3.9.Strategic overview

4.Dextrin Market, by Type

4.1.Overview

4.1.1.Market size and forecast, by type

4.2.Maltodextrin

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region, 2020-2028
4.2.3.Market share analysis, by country 2020 & 2028

4.3.Cyclodextrin

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region, 2020-2028
4.3.3.Market share analysis, by country 2020 & 2028

4.4. Amylodextrin

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region, 2020-2028
4.4.3.Market share analysis, by country 2020 & 2028

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region, 2020-2028
4.5.3.Market share analysis, by country 2020 & 2028

5.Dextrin Market, by Application

5.1.Overview

5.1.1.Market size and forecast, by Application

5.2.Food 

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2020-2028
5.2.3.Market share analysis, by country 2020 & 2028

5.3.Pharmaceutical

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2020-2028
5.3.3.Market share analysis, by country 2020 & 2028

5.4.Industrial

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region, 2020-2028
5.4.3.Market share analysis, by country 2020 & 2028

5.5.Cosmetics

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region, 2020-2028
5.5.3.Market share analysis, by country 2020 & 2028

5.6.Others

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region, 2020-2028
5.6.3.Market share analysis, by country 2020 & 2028

6.Dextrin Market, by Region

6.1.Overview

6.1.1.Market size and forecast, by region

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type, 2020-2028
6.2.3.Market size and forecast, by Application, 2020-2028
6.2.4.Market size and forecast, by country, 2020-2028

6.2.5.U.S.

6.2.5.1.Market size and forecast, by type, 2020-2028
6.2.5.2.Market size and forecast, by Application, 2020-2028

6.2.6.Canada

6.2.6.1.Market size and forecast, by type, 2020-2028
6.2.6.2.Market size and forecast, by Application, 2020-2028

6.2.7.Mexico

6.2.7.1.Market size and forecast, by type, 2020-2028
6.2.7.2.Market size and forecast, by Application, 2020-2028

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by type, 2020-2028
6.3.3.Market size and forecast, by Application, 2020-2028
6.3.4.Market size and forecast, by country, 2020-2028

6.3.5.Germany 

6.3.5.1.Market size and forecast, by type, 2020-2028
6.3.5.2.Market size and forecast, by Application, 2020-2028

6.3.6.UK

6.3.6.1.Market size and forecast, by type, 2020-2028
6.3.6.2.Market size and forecast, by Application, 2020-2028

6.3.7.France

6.3.7.1.Market size and forecast, by type, 2020-2028
6.3.7.2.Market size and forecast, by Application, 2020-2028

6.3.8.Spain

6.3.8.1.Market size and forecast, by type, 2020-2028
6.3.8.2.Market size and forecast, by Application, 2020-2028

6.3.9.Italy 

6.3.9.1.Market size and forecast, by type, 2020-2028
6.3.9.2.Market size and forecast, by Application, 2020-2028

6.3.10.Rest of Europe

6.3.10.1.Market size and forecast, by type, 2020-2028
6.3.10.2.Market size and forecast, by Application, 2020-2028

6.4.Asia Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by type, 2020-2028
6.4.3.Market size and forecast, by Application, 2020-2028
6.4.4.Market size and forecast, by country, 2020-2028

6.4.5.China

6.4.5.1.Market size and forecast, by type, 2020-2028
6.4.5.2.Market size and forecast, by Application, 2020-2028

6.4.6.Japan

6.4.6.1.Market size and forecast, by type, 2020-2028
6.4.6.2.Market size and forecast, by Application, 2020-2028

6.4.7.India 

6.4.7.1.Market size and forecast, by type, 2020-2028
6.4.7.2.Market size and forecast, by Application, 2020-2028

6.4.8.South Korea

6.4.8.1.Market size and forecast, by type, 2020-2028
6.4.8.2.Market size and forecast, by Application, 2020-2028

6.4.9.Australia 

6.4.9.1.Market size and forecast, by type, 2020-2028
6.4.9.2.Market size and forecast, by Application, 2020-2028
6.4.9.3.Comparative market share analysis, 2020 & 2028

6.4.10.Rest of Asia Pacific

6.4.10.1.Market size and forecast, by type, 2020-2028
6.4.10.2.Market size and forecast, by Application, 2020-2028

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by type, 2020-2028
6.5.3.Market size and forecast, by Application, 2020-2028
6.5.4.Market size and forecast, by country, 2020-2028

6.5.5.Latin America  

6.5.5.1.Market size and forecast, by type, 2020-2028
6.5.5.2.Market size and forecast, by Application, 2020-2028

6.5.6.Middle East 

6.5.6.1.Market size and forecast, by type, 2020-2028
6.5.6.2.Market size and forecast, by Application, 2020-2028

6.5.7.Africa

6.5.7.1.Market size and forecast, by type, 2020-2028
6.5.7.2.Market size and forecast, by Application, 2020-2028

7.Company profiles

7.1.Archer Daniels Midland Company

7.1.1.Company overview
7.1.2.Operating business segments
7.1.3.Product portfolio
7.1.4.Financial Performance
7.1.5.Recent strategic moves & developments

7.2.Cargill, Inc.

7.2.1.Company overview
7.2.2.Operating business segments
7.2.3.Product portfolio
7.2.4.Financial Performance
7.2.5.Recent strategic moves & developments

7.3.Tate & Lyle 

7.3.1.Company overview
7.3.2.Operating business segments
7.3.3.Product portfolio
7.3.4.Financial Performance
7.3.5.Recent strategic moves & developments

7.4.Roquette Frères S.A 

7.4.1.Company overview
7.4.2.Operating business segments
7.4.3.Product portfolio
7.4.4.Financial Performance
7.4.5.Recent strategic moves & developments

7.5.Ingredion Incorporated 

7.5.1.Company overview
7.5.2.Operating business segments
7.5.3.Product portfolio
7.5.4.Financial Performance
7.5.5.Recent strategic moves & developments

7.6.American Key Products, Inc.

7.6.1.Company overview
7.6.2.Operating business segments
7.6.3.Product portfolio
7.6.4.Financial Performance
7.6.5.Recent strategic moves & developments

7.7.Meelunie B.V

7.7.1.Company overview
7.7.2.Operating business segments
7.7.3.Product portfolio
7.7.4.Financial Performance
7.7.5.Recent strategic moves & developments

7.8.Agridient Inc.

7.8.1.Company overview
7.8.2.Operating business segments
7.8.3.Product portfolio
7.8.4.Financial Performance
7.8.5.Recent strategic moves & developments

7.9.Emsland Group

7.9.1.Company overview
7.9.2.Operating business segments
7.9.3.Product portfolio
7.9.4.Financial Performance
7.9.5.Recent strategic moves & developments

7.10.Avebe

7.10.1.Company overview
7.10.2.Operating business segments
7.10.3.Product portfolio
7.10.4.Financial Performance
7.10.5.Recent strategic moves & developments

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