Product Code: ETC094004 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Dextrin Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 3.47% in 2025 and reaches 13.81% by 2029.
The Dextrin market in Thailand is projected to grow at a growing growth rate of 5.39% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The dextrin market in Thailand was estimated at around USD 690 million in 2025 and is expected to grow at a CAGR of 4.4% during the forecast period. The largest demand for dextrins comes from the paper & packaging industry, as it serves as an adhesive and binding agent for various products such as laminated papers, corrugated boxes, and cartons. The increasing demand for packaging materials in food & beverage industries has further increased the growth of this market segment over the past few years. Moreover, due to its unique properties such as water-solubility, high viscosity strength, low cost etc., dextrin finds applications across different sectors including textiles, pharmaceuticals and adhesives among others which will fuel its demand during forecast period.
The growth of the Thailand dextrin market is driven by its widespread applications in various industries. Dextrin`s role as a binding agent in the food industry and its use in adhesives, textiles, and pharmaceuticals contribute to its demand. Additionally, its role in improving the texture and mouthfeel of food products fuels its utilization in the culinary sector, supporting the market`s expansion.
The Thailand dextrin market faces challenges related to raw material availability and pricing. Dextrin is typically derived from starch, and fluctuations in starch prices can impact production costs. Moreover, sourcing high-quality starch for consistent dextrin quality can be challenging. Market players must also address the growing demand for clean-label and natural ingredients, which may lead to the reformulation of products to meet consumer preferences.
The Covid-19 pandemic impacted the Thailand dextrin market. Industries such as textiles, paper, and food experienced disruptions in production and distribution, leading to fluctuations in demand for dextrin as a binding, thickening, and stabilizing agent. As economic activities gradually resume and supply chains stabilize, the market is expected to recover, driven by the revival of various industrial sectors.
Notable participants in the Thailand dextrin market consist of DextrinTech Industries, ThaiDextrin Group, and CarbBlend Corporation. These companies specialize in the production of dextrin, a carbohydrate used in food and industrial applications such as adhesives and coatings. Their versatile product offerings contribute to their significance in the market.