Market Size of Polydextrose Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 5.40 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Polydextrose Market Analysis
The global polydextrose market is projected to record a CAGR of 5.4% during the forecast period, 2020-2025.
- The market is primarily driven by the increased application of polydextrose in bakery and confectioneryproducts, supplements, beverages, sauces, and others, owing to its inherent properties like low calorie, odorless, and solubility among others.
- The market is also 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 high in fiber and is low in calories.
- However, the availability of a large number of ingredients, such as gelatin and stevia among others, which can 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