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Global Polydextrose Market - Growth, Trends and Forecasts (2022 - 2030)
SKU ID : INH-13104809 | Publishing Date : 20-Jul-2018 | No. of pages : 120
The global polydextrose market is expected to register a CAGR of 5.4% during the forecast period (2018–2023) due to the increased application of polydextrose in bakery and confectionery products, supplements, beverages, sauces, and others, owing to its inherent properties like low calorie, odorless, and solubility among others.
Market Dynamics
The market is driven by the increased applications of polydextrose as a humectant, stabilizer and thickener, in bakery and confectionery products, beverages, yogurts, salad dressings and others. Also, with the rising number of diseases like obesity, diabetes and others, the use of polydextrose has increased in functional edible products as it is a high in fiber and is low in calories.
However, due to the availability of a large number of ingredients like carrageen, gelatin, and stevia among others, which be used as a replacement of polydextrose, is expected to lower the market share. The presence of a large number of substitutes is expected to pose a threat to polydextrose manufacturers by lowering its bargaining power.
Companies are observed to engage into agreements with food and beverage manufacturers to expand its market share. Further, extensive marketing of polydextrose by placing significant emphasis on its properties and utilization is expected to increase the awareness about the product and driving its demand in the future.
Market Segmentation
The global polydextrose market is segmented on the basis of application and form. By application, polydextrose is being used as a replacement for sugar in several functional food and beverage items like cakes, candies, puddings and others. The highest application of dextrose is found to be in bakery and confectionery products, due to its increased application as a stabilizer, thickener and others. By form, the market has been segmented into powder and liquid.
Regional Market Analysis
North America is observed to be the holding the largest market share in the global polydextrose market in 2017 and is anticipated to grow at a significant rate over the forecast period due to favorable regulations implemented by the U.S. FDA. Further, the demand for polydextrose is projected to be the highest in the Asia-Pacific countries like India and China during the forecast period, owing to the developments in functional food products and rising health concern in this region.
Key Developments
December 2017 – Tate & Lyle has expanded its manufacturing capacity, and upgraded its processes, at its STA-LITE® Polydextrose facility in Nantong, Jiangsu Province, China. This expansion has increased the capacity at the facility in Nantong by more than three times from when it was acquired by Tate & Lyle in 2014.
Major players - Tate & Lyle, Dupont Nutrition & Health, Shandong Minqiang Biotechnology Co.,Ltd., Baolingbao Biology, CJ CheilJedang Corp., Van Wankum Ingredients and Golden Grain Group Limited among others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Market Dynamics
The market is driven by the increased applications of polydextrose as a humectant, stabilizer and thickener, in bakery and confectionery products, beverages, yogurts, salad dressings and others. Also, with the rising number of diseases like obesity, diabetes and others, the use of polydextrose has increased in functional edible products as it is a high in fiber and is low in calories.
However, due to the availability of a large number of ingredients like carrageen, gelatin, and stevia among others, which be used as a replacement of polydextrose, is expected to lower the market share. The presence of a large number of substitutes is expected to pose a threat to polydextrose manufacturers by lowering its bargaining power.
Companies are observed to engage into agreements with food and beverage manufacturers to expand its market share. Further, extensive marketing of polydextrose by placing significant emphasis on its properties and utilization is expected to increase the awareness about the product and driving its demand in the future.
Market Segmentation
The global polydextrose market is segmented on the basis of application and form. By application, polydextrose is being used as a replacement for sugar in several functional food and beverage items like cakes, candies, puddings and others. The highest application of dextrose is found to be in bakery and confectionery products, due to its increased application as a stabilizer, thickener and others. By form, the market has been segmented into powder and liquid.
Regional Market Analysis
North America is observed to be the holding the largest market share in the global polydextrose market in 2017 and is anticipated to grow at a significant rate over the forecast period due to favorable regulations implemented by the U.S. FDA. Further, the demand for polydextrose is projected to be the highest in the Asia-Pacific countries like India and China during the forecast period, owing to the developments in functional food products and rising health concern in this region.
Key Developments
December 2017 – Tate & Lyle has expanded its manufacturing capacity, and upgraded its processes, at its STA-LITE® Polydextrose facility in Nantong, Jiangsu Province, China. This expansion has increased the capacity at the facility in Nantong by more than three times from when it was acquired by Tate & Lyle in 2014.
Major players - Tate & Lyle, Dupont Nutrition & Health, Shandong Minqiang Biotechnology Co.,Ltd., Baolingbao Biology, CJ CheilJedang Corp., Van Wankum Ingredients and Golden Grain Group Limited among others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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