In 2022, the size of the worldwide polydextrose market was $287.6 million. the market is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2028, reaching US$ 394.9 million.
Global polydextrose market is increasing because of the use of polydextrose in beverages, confectionary & bakery products, sauces, supplements and more. Increase in the occurrence of diseases like diabetes, obesity and more has increased the use of polydextrose in edible products as it has low calories and high fiber. As large amount of ingredients such as gelatin, stevia and carrageen are available, used as substitute for polydextrose which is propelled to lessen the global polydextrose market share. Availability of large number of alternatives is projected to make polydextrose manufacturers aware of the danger occurring by reducing the power of bargaining.
Companies are involved in the agreements with the manufacturers of food & beverage to increase the polydextrose market share. Wide range marketing of polydextrose by assigning the substantial importance on the utilization and properties of polydextrose is estimated to expand the awareness regarding the product and boost the polydextrose market in the coming years. Polydextrose market trends that is driving the growth of polydextrose is increase in the health consciousness in the customers across the world. Issues of health like obesity and diabetes acts as the main concern. To reduce the problems of health, customers are moving their focus towards alternative of sugar and low calorie products. Although, raw materials are negatively impacting the growth of global polydextrose market. In addition, growth in the cultivation of corn in evolving regions like Asia-Pacific are providing opportunity to the polydextrose market over the forecast period.
Using the developed machinery and technical shifts in the procedure of manufacture are expected to positively impact the growth of global polydextrose market in the coming years. Many of the companies are investing for the creation of customized form of products to address the health diseases efficiently. Growth in the awareness in customers regarding the content of high fiber and low sugar in polydextrose are estimated to fuel the demand of global polydextrose market over the forecast period. Growth in the benefits of health has expanded the value of polydextrose market worldwide. Increase in the awareness for health and usage of polydextrose in various applications like confectionaries & functional food, food & beverages is expected to boost the global polydextrose market. Growth in the usage of prebiotics in the industry of dairy with the help of financial profits is estimated to increase the demand for polydextrose market in the coming years.
Global polydextrose market is segmented into application, product and region. On the basis of application, polydextrose market is segmented into confectionary & bakery, cultured dairy, nutritional food, beverages and more. On considering the product, market is divided into liquid and powder.
Geographically, regions involved in the development of global polydextrose market are Europe, North America, Asia Pacific, Latin America and Middle East & Africa. North America is the region which holds largest polydextrose market share. Strict rules by Food & Drug Association are expected to increase the growth of polydextrose market in North America. Asia Pacific is propelled to grow at rapid pace in coming years because of increase in demand for low-calorie foods.
Key players involved in the development of polydextrose market are FMC Corporation, Cargill Incorporated, Herbstreith & Fox, Devson Impex Private Limited and more.
Polydextrose Market Scope
|Revenue forecast in 2028
|US$ 394.9 million
|CAGR of 5.1 % during 2018-2028
|By Application, By Product, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|FMC Corporation, Cargill Incorporated, Herbstreith & Fox, Devson Impex Private Limited.
Key Segments in the “Global Polydextrose Market” report are:
By Application, market is segmented into:
- Confectionary & bakery
- Cultured dairy
- Nutritional food
By Product, market is segmented into:
By Region, market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa