The global dextrin market is anticipated to rise at a staggering CAGR during the forecast period. Dextrins are categories of low molecular weight carbohydrates generated by acid or enzymatic partial hydrolysis of glycogen exhibiting a particular structure of amylose and branched structure of amylopectin. Commercially, dextrins are raw material available at affordable prices and generally regarded safe. It is broadly used material with variety of applications such as food, adhesives, cosmetics and textiles.
Dextrin market is driven by rise in health awareness and health benefits. Population in metro cities are now following healthy lifestyle owing to presence of small and large infrastructure for commodities. Demand for cosmetics & skin care products are likely to propel the market growth during the forecast period.
Moreover, rise in R&D; transportation and increase in use of synthetic adhesives in paper industry are fuelling the market growth. Consumer preference for dietary products with an objective to enhance natural weight loss supplements the market demand for use of dextrin in the food. However, cheap substitutes and counterfeit of products are more likely to challenge the market growth.
Segmentation for market based on form comprises white, yellow and brown. White powder accounts for a higher share in the market due to rise in use in food processing, pharmaceuticals, explosives & fireworks and textiles. By type, the market segmentation for dextrin market entails amylo, malto and beta & alpha. Malto enjoys a higher CAGR during the forecast period owing to preferred use as food additives.
Application segment for the market involves cosmetics, pharmaceutical, food & paper industry. Food industry enjoys a larger pie during the forecast period due to enlarged demand. Geographically, market is segmented into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America occupies a greater share in international market due to consumer’s buying efficiency and thriving cosmetics industry.
The market is expected to show substantial growth owing to rise in living standards of people and use of hair and skin care products. The key players profiled in the dextrin market report are Visco Starch, True Protein, Dinosaur Nutrition Labs, Millecor, Nutricia, Cargill, Sanstar Bio, Parchem Fine & Specialty Chemicals and Avebe.
Research Support Specialist, USA