Resistant Starch Market Top Players, Financial Gain or Loss, Profit, Company Profile, Size and Industry Outlook From 2020-2026
There is growing consciousness among the people globally to consume low-carb and gluten-free food due to the increasing cases of obesity leading to severe diseases such as cardiovascular illnesses, diabetes, kidney and liver dysfunctions, and various others. The Center for Disease Control and Prevention estimates that the prevalence of obesity in the U.S. between 2017 to 2018 was 42.4%.
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The governments along with other recognized institutions have undertaken efforts to spread awareness among the people to consume low-carb diets, with an aim to lower cholesterol levels and enhance life-expectancy. For instance, the World Obesity Federation established the World Obesity Day on October 11. This was done to initiate and support practical actions that will help people maintain a healthy weight and reverse the global obesity crisis.
Obtained from sources like grains and vegetables, the global resistant starch market size is projected to hit USD 12 billion in annual revenues by 2026.
Increase in type 2 diabetes cases
Over the years, the world has witnessed a rise in the number of type 2 diabetes which is induced by various factors like, genetics, obesity, unhealthy lifestyle, and improper diet. According to the Diabetes UK Association, nearly one in ten people above the age of 40 in the U.K. are suffering from type 2 diabetes. In the year 2019, nearly 3.8 million people across the U.K. suffer from diabetes, 90% of those are type 2.
To meet the challenge of increasing diabetes cases, health experts in various parts of the world stress the need to increase the intake of fiber and reduce the intake of starch. The aforementioned factors will positively influence the global resistant starch market size in the coming years. With respect to the application spectrum, resistant starch finds integral usage in bakery items, dairy products, convenience foods, and sugar confections.
Rise in consumption of bakery food items
Resistant starch has witnessed extreme demand from bakery products. The rise in purchasing power, increase in social gatherings and the demand for on-the-go food items has supported the demand for bakery consumables such as bread, muffins, cookies, pastries, and biscuits.
According to a report by the Federation of Bakers, the U.K. bakery market is one of the largest sectors of the UK food industry and is valued at around USD 5.16 billion. Along with the increase in demand for bakery items, people are looking for healthier bakery alternatives to ensure gut-health and control the consumption of gluten, this has supplemented the demand for resistant starch.
High grain production across Asia Pacific
In Asia Pacific countries like China, Japan, India, South Korea, and Australia, modified starch is extensively used in ready-made convenience food items. APAC witnessed high production of grain and fruits, supplementing the production capabilities of resistant starch. According to a report by the Government of India, between 2016 to 2017, the total amount of food grain produced in India stood at 273.38 million tons. This represents a significant availability of raw material.
An increase in purchasing power among people along with the need to reduce the number of chronic cases incidences has encouraged the need to consume gluten-free, healthy food items. This will complement the use of resistant starch in place of conventional native starch.
Competitive market environment
Resistant starch companies are constantly working towards enhancing their product quality and offerings by increasing their research and development techniques. These manufacturers are also entering into strategic alliances, partnerships, and mergers to expand their global footprint.
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In October 2020, a British company, Tate & Lyle announced the acquisition of 85% shareholding in Chaodee Modified Starch Co., a modified food starch producer based in Thailand. With the purchase, the company aimed at expanding its geographical presence in the Asia Pacific and to expand its line of tapioca based – texturants.
Other prominent resistant starch manufacturers include Cargill, MGP Ingredients, and Ingredion Incorporated, to name a few. Driven by its integral use in the vast food industry, resistant starch market size is bound to witness rapid expansion in the coming years due to the need for healthy food alternatives. With people investing heavily in high-nutrient food products, the ingredient will subsequently witness high adoption.
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