Maltodextrine Market

The article discusses the projected trends in the maltodextrine market, with a forecasted decrease in consumption and market performance over the next eight years. It highlights the global consumption patterns, production volumes, imports, and exports of maltodextrine and maltodextine syrup. The largest consuming and producing countries, as well as the key players in the market, are also identified. The data indicates fluctuations in consumption, production, import prices, and export prices over the period from 2012 to 2022. Overall, the article provides a comprehensive overview of the current state and future outlook of the maltodextrine market.

Market Forecast

The maltodextrine market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.1% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 3.4M tons by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $4.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Maltodextrine And Maltodextine Syrup

In 2022, the amount of maltodextrine and maltodextine syrup consumed worldwide rose modestly to 3.8M tons, increasing by 4.1% compared with the previous year's figure. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of 3.9M tons. From 2021 to 2022, the growth of the global consumption remained at a lower figure.

The global maltodextrine market revenue rose sharply to $3.6B in 2022, picking up by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $3.7B in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.1M tons), Thailand (844K tons) and France (228K tons), together accounting for 57% of global consumption.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest maltodextrine markets worldwide were China ($1.1B), Thailand ($556M) and France ($171M), together accounting for 51% of the global market. The Netherlands, Indonesia, Germany, Mexico, the United States, Switzerland, the Philippines and Ireland lagged somewhat behind, together accounting for a further 18%.

Among the main consuming countries, the Netherlands, with a CAGR of +17.1%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of maltodextrine per capita consumption in 2022 were Thailand (12 kg per person), Ireland (11 kg per person) and Switzerland (7.1 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by China (with a CAGR of +21.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Maltodextrine And Maltodextine Syrup

For the fifth year in a row, the global market recorded growth in production of maltodextrine and maltodextine syrup, which increased by 0.1% to 3.7M tons in 2022. The total output volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by 5.5% against the previous year. Over the period under review, global production reached the peak volume in 2022 and is expected to retain growth in the near future.

In value terms, maltodextrine production reached $2.7B in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16% against the previous year. Global production peaked at $3.3B in 2014; however, from 2015 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of maltodextrine production was Thailand (1.7M tons), comprising approx. 46% of total volume. Moreover, maltodextrine production in Thailand exceeded the figures recorded by the second-largest producer, France (507K tons), threefold. China (477K tons) ranked third in terms of total production with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Thailand was relatively modest. In the other countries, the average annual rates were as follows: France (+8.0% per year) and China (+0.4% per year).

Imports

World Imports of Maltodextrine And Maltodextine Syrup

Global maltodextrine imports skyrocketed to 3.2M tons in 2022, picking up by 21% on the year before. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, maltodextrine imports soared to $2.9B in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.1% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 21% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

China represented the largest importing country with an import of around 1.1M tons, which accounted for 34% of total imports. It was distantly followed by Germany (200K tons), Indonesia (158K tons), the United States (156K tons) and the Netherlands (150K tons), together constituting a 20% share of total imports. France (93K tons), the Philippines (80K tons), Belgium (78K tons), Mexico (72K tons), the UK (70K tons), Thailand (69K tons), Malaysia (68K tons) and Switzerland (63K tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the maltodextrine and maltodextine syrup imports, with a CAGR of +59.7% from 2012 to 2022. At the same time, Indonesia (+13.8%), Thailand (+11.8%), Switzerland (+9.5%), the United States (+6.8%), Malaysia (+5.6%), the Netherlands (+3.6%), Mexico (+2.7%), the UK (+2.5%), the Philippines (+1.6%) and Germany (+1.3%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. By contrast, France (-3.4%) illustrated a downward trend over the same period. China (+33 p.p.) and Indonesia (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while the Philippines, the Netherlands, Belgium, Germany and France saw its share reduced by -1.9%, -2.1%, -2.1%, -5% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($541M) constitutes the largest market for imported maltodextrine and maltodextine syrup worldwide, comprising 18% of global imports. The second position in the ranking was held by Germany ($201M), with a 6.8% share of global imports. It was followed by the United States, with a 5.8% share.

In China, maltodextrine imports increased at an average annual rate of +37.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and the United States (+8.3% per year).

Import Prices By Country

In 2022, the average maltodextrine import price amounted to $909 per ton, standing approx. at the previous year. Overall, the import price recorded a mild descent. The growth pace was the most rapid in 2021 an increase of 16%. Global import price peaked at $1,052 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($1,395 per ton), while China ($497 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Maltodextrine And Maltodextine Syrup

In 2022, global maltodextrine exports amounted to 3.2M tons, increasing by 14% on the previous year's figure. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 38%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, maltodextrine exports reached $2.9B in 2022. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 22%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports By Country

In 2022, Thailand (937K tons), distantly followed by China (500K tons), France (372K tons) and the United States (219K tons) represented the largest exporters of maltodextrine and maltodextine syrup, together mixing up 63% of total exports. Turkey (126K tons), the Netherlands (113K tons), Belgium (110K tons), Malaysia (106K tons), Germany (105K tons), Nicaragua (65K tons) and Slovakia (55K tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +47.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest maltodextrine supplying countries worldwide were China ($436M), Thailand ($411M) and France ($353M), together comprising 42% of global exports.

Thailand, with a CAGR of +34.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average maltodextrine export price amounted to $898 per ton, remaining stable against the previous year. Overall, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of 7.8% against the previous year. Over the period under review, the average export prices hit record highs at $1,164 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,596 per ton), while Nicaragua ($238 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform