Dextrin Market Size Estimation, Growth Rate, and Future Trends
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.
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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.
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