The maltodextrin market can be segmented based on source into corn-based, wheat-based, potato-based, and cassava-based. Corn-based maltodextrin is the most commonly used source due to its widespread availability and cost-effectiveness. Wheat-based maltodextrin is gaining popularity in the market due to the increasing demand for gluten-free products. Potato-based and cassava-based maltodextrin are also seeing growth in the market as consumers are looking for alternative sources of carbohydrates.
2. Application:
In terms of application, the maltodextrin market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care, and industrial applications. Food & beverages is the largest application segment, driven by the rising demand for processed foods and functional beverages. The pharmaceuticals segment is also witnessing growth due to the increasing use of maltodextrin as a binder and filler in tablets Norris pharmaceutical203
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3. Grade:
The maltodextrin market is also segmented based on grade, including food grade and feed grade. Food grade maltodextrin is of higher quality and is used in food & beverages, pharmaceuticals, and cosmetics & personal care applications. Feed grade maltodextrin is used as an ingredient in animal feed, and is gaining popularity in the agricultural industry.
4. Growth Prospects:
The maltodextrin market is expected to witness significant growth in the coming years, driven by the increasing demand for convenience foods, functional beverages, and pharmaceutical products. The market is also seeing growth in industrial applications, as maltodextrin is used as a stabilizer, thickener, and sweetener in various industries. With advancements in technology and increasing consumer awareness, the maltodextrin market is projected to expand at a rapid pace in the future.