Yellow and White Dextrin Market Market Outlook:
The global yellow and white dextrin market was valued at USD 89.3 Mn in 2020, and is projected to reach USD 112.6 Mn by 2028, expanding at a CAGR of 3.2% during the forecast period. Dextrin is made by heating dry starch in the presence of less amount of moisture and acid.
They are classified as white dextrin, yellow dextrin, and British gums that are partially or fully water-soluble. Dextrin involves various carbohydrate strains that are produced by the hydrolysis process of starch.
Dextrin offers various health benefits such as weight loss, high bone density, good skin health, and less cholesterol. Thus, rising consumption of dextrin in pharmaceutical industry is expected to fuel the market during the forecast period.
Yellow and White Dextrin Market Market Dynamics
Yellow and white dextrin are used to make food items crispy in the food industry, used as a coating agent in the textile industry for increasing stiffness and weight of cotton fabrics, and used as a thickening and binding agent in pharmaceutical and paper industries. Use of dextrin as a cleansing agent in cosmetics is driving the market.
It is used as a fat substitute in a variety of food products such as dairy products, dairy products, protein shakes, chocolates, and others. Growing demand for dextrin from several industries worldwide such as pharmaceutical, food and beverage, cosmetics, and others is a major factor anticipated to fuel the global yellow and white dextrin market.
Yellow and white dextrin involves several health benefits such as maintenance of healthy intestinal flora and healthy cholesterol level, cleansing agent, maintenance of blood sugar, supporting heart health, and others. Various applications of yellow and white dextrin in the pharmaceutical industry is fueling the market. Dextrin, along with various dietary fibers, helps to reduce glycemic load of a meal that contains carbohydrates.
This helps in reducing the size of fat cells and possibly aiding in fighting obesity. Consumption of dextrin leads to effectiveness of probiotics, which assists in digestive issues and helps in maintaining homeostasis in stomach. Thus, rising health benefits is expected to increase the demand for yellow and white dextrin.
Yellow, and white dextrin are mainly available in dried form, namely, in powdered form, which makes it easy for transportation and handling. They are usually soluble in water; thus, it is easy to transform them again into a liquid solution.
Export duty for yellow and white dextrin is levied by the government when the product is exported across the globe. Average tariff for importing yellow and white dextrin was 15% in 2018. Hence, easy transportation and handling of yellow and white dextrin helps in boosting imports and exports in the market.
Dextrin is made from starch sources such as corn, wheat or potatoes. Rising awareness about natural foods among consumers increased the demand for yellow and white dextrin made up of natural ingredients such as wheat dextrin.
Natural ingredients involved in dextrin are soluble in water and help in lowering level of bad cholesterol, aid mineral absorption, boost the immune function, and help in maintaining the level of blood sugar. Versatile applications of yellow and white dextrin are expected to fuel the market during the forecast period.
Artificial sweeteners involved in yellow and white dextrin are synthetic sugar substitutes that cause a negative impact on the health of consumers. Rising consumption of synthetic dextrin by consumers leads to increasing risk of high cholesterol, weight gain, and type 2 diabetes.
Furthermore, consumption of synthetic dextrin causes various health problems including gas, diarrhea, bloating, and others that are projected to restrain the market growth. However, poor moisture resistance and mold growth due to consumption of synthetic dextrin is restraining the yellow and white dextrin market.
Various problems such as air pollution emerged as a significant factor leading to skin damage, premature skin aging, and rising prevalence of skin-related diseases. This increased consumer expenditure on various beauty products to maintain a regular regime of personal care.
Increasing adoption of yellow and white dextrin in the cosmetic industry in several types of skin and hair care products and rising consumer expenditure on personal care products across the world are expected to provide lucrative opportunities for the yellow and white dextrin market during the forecast period.
Yellow and White Dextrin Market Segmental Outlook
By Types
In terms of types, the global yellow and white dextrin market is segmented into yellow dextrin, and white dextrin. The white dextrin segment is anticipated to hold a significant share of the market during the forecast period, owing to its use in food processing, textile, pharmaceuticals, and explosives, and fireworks industry.
White dextrin is used in the food industry and is typically created by a combination of acid and water during hydrolysis. It is used to thicken different products in the food industry such as soups, stews, and baby food. White dextrin are used to enhance crispiness during food processing, in food batters, coatings, and glazes.
By Applications
Based on applications, the global yellow and white dextrin market is classified into adhesive industries, foundries, textile industries, and others. The others segment of the market is further segmented into food industry, pharmaceuticals, fireworks/explosives, and skin care.
The adhesive industry segment is projected to account for a significant share of the market during the forecast period, due to use of a large amount of yellow dextrin in the preparation of liquid and dry adhesives. White dextrin is used in the adhesive industry as office paste, label gum, and bottle gum.
By Distribution Channels
On the basis of distribution channels, the global yellow and white dextrin market is bifurcated into online, and offline. The offline segment is projected to hold a significant share of the market during the forecast period, due to availability of yellow and white dextrin at reasonable prices offered by local manufacturers.
This is expected to attract a large number of customers to supermarkets and hypermarkets. The online segment is expected to hold a substantial share of the market during the forecast period, due to increasing internet penetration in several countries across the globe.
Yellow and White Dextrin Market Region Wise Outlook
On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The market in the Europe is projected to expand at a significant CAGR during the forecast period, due to consumption of dietary supplement products on a regular basis by almost 30% of the population, which is expected to increase the demand for yellow and white dextrin.
The market in North America holds a substantial share during the forecast period, owing to increasing buying efficiency, flourishing cosmetics industry, and growing usage of dietary products. Growing adoption of dietary and confectionary products and increasing health consciousness among consumers in this region is expected to fuel the demand for yellow and white dextrin.
The market in Germany is expected to grow at a rapid pace, due to increasing number of flourishing food industries, which is driving the use of yellow and white dextrin in the country. The market in Asia Pacific is projected to grow, due to increasing number of food industries, high disposable income, and rising adoption of luxury cosmetics products by consumers in countries such as India, China, and Japan.
Key Benefits for Industry Participants & Stakeholders
- In-Depth Analysis of the Yellow and White Dextrin Market.
- Historical, Current and Projected Market Size in Terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on From Yellow and White Dextrin Market Performance
Segments
By Types
- Yellow Dextrin
- White Dextrin
By End-use
- Adhesive Industries
- Foundries
- Textile Industries
- Others (Food Industry, Pharmaceuticals, Fireworks/Explosives, and Skin Care)
By Distribution Channel
By Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Market Players Profiled in the Report
- AGRANA Beteiligungs-AG
- Tate & Lyle
- Sanstar Bio - Polymers Ltd.
- Visco Starch
- Shree Ram Bio Starch Polymers Pvt Ltd.
- Gujarat Ambuja Exports Limited
- Karandikars Orgochem Private Limited
- KRISHNA CHEMICALS
- Fidelinka Skrob
- Paramesu Biotech Private Limited
- SPAC Starch Products (India) Private Limited
- Lyckeby
- Venus Starch Suppliers
- Vijaya Lakshmi Adhesives
- Gromotech Agro Chem Pvt Ltd
Competitive Landscape
- Key players in the yellow and white dextrin market are AGRANA Beteiligungs-AG, Tate & Lyle, Sanstar Bio - Polymers Ltd., Visco Starch, Shree Ram Bio Starch Polymers Pvt Ltd., Gujarat Ambuja Exports Limited, Karandikars Orgochem Private Limited, KRISHNA CHEMICALS, Fidelinka Skrob, and Paramesu Biotech Private Limited.
- The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for yellow and white dextrin.