South & Central America Resistant Starch Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 156 | Report Code: BMIRE00032130 | Category: Food and Beverages
No. of Pages: 156 | Report Code: BMIRE00032130 | Category: Food and Beverages
The South & Central America resistant starch market size is expected to reach US$ 2,218.76 million by 2031 from US$ 1,466.59 million in 2023. The market is estimated to record a CAGR of 5.3% from 2023 to 2031.
The resistant starch market in South & Central America is gaining traction, driven by rising health consciousness among people and an increasing focus on digestive health and wellness. The middle-class population in Brazil, Argentina, and Chile are increasingly seeking healthier food options to reduce the incidence rates of obesity and diabetes. According to the World Health Organization (WHO), in 2023, approximately 22% of adults in Brazil were considered obese, and the prevalence of diabetes was ~10%. These health issues have spurred demand for food products enriched with resistant starch that can aid in weight management and blood sugar control. In addition, government initiatives promoting healthy eating habits and reducing sugar consumption are expected to boost the market growth during the forecast period as food manufacturers seek to reformulate products with functional fibers such as resistant starch.
Key segments that contributed to the derivation of the South & Central America resistant starch market analysis are form, type, and application.
Over the past few years, awareness regarding environmental sustainability has increased significantly. The number of people adopting a vegan and plant-based diet is growing continuously. Consumers' inclination toward minimizing the consumption of food products of animal origin, such as meat and dairy products, is attributed to various factors, such as environmental sustainability concerns, ethical considerations, and personal health objectives. This will likely generate demand for prebiotic fibers present in plant-based products or can be easily incorporated into animal-based products. According to the International Scientific Association for Probiotics and Prebiotics (ISAPP), resistant starch is a proven plant-based prebiotic. Manufacturers are planning to introduce plant-based products by including prebiotic ingredients. For instance, in 2021, the Vice President of Global Innovation and Nutrition at Kellogg's declared gut health to be the future of nutrition. Kellogg's will be focusing on promoting its diverse plant-based fibers that nourish the human gut. Moreover, although various food products show prebiotic properties, plant-based products such as seeds, grains, and oats are specifically explored and used as functional food. All these factors have significantly contributed to increased sustainability concerns among consumers. Thus, the rising popularity of plant-based food is emerging as a significant trend in the resistant starch market.
Based on country, the South & Central America resistant starch market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.
The cassava derived resistant starch industry has flourished in recent years in Brazil. According to the Ministry of Agriculture, Livestock and Supply (MAPA), cassava starch exports increased by 80% in Parana, Brazil, in 2023, exporting more than 20,865 metric tons of cassava starch. The increase in demand for resistant starch in both domestic and international markets can be attributed to its requirement in industries such as food and beverages and confectioneries. The growing importance of fiber-rich products is further fueled by the middle-class population willing to spend on fiber-rich food and beverages. The government has also implemented supportive regulatory activities, encouraging domestic and international companies to invest in the resistant starch market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,466.59 Million |
| Market Size by 2031 | US$ 2,218.76 Million |
| CAGR (2023 - 2031) | 5.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
|
Some of the key players operating in the market include Tate & Lyle Plc, Archer-Daniels-Midland Co, Cargill Inc, Ingredion Inc, Arcadia Biosciences Inc, Roquette Freres SA, MGP Ingredients Inc, American International Foods Inc, Crespel & Deiters GmbH & Co KG, Agrana Beteiligungs AG, Lehmann Food Ingredients Ltd, KMC Amba, Emsland-Stärke GmbH, Kono Chem Co Ltd, and BS Starch Chemical Co Ltd among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The South & Central America Resistant Starch Market is valued at US$ 1,466.59 Million in 2023, it is projected to reach US$ 2,218.76 Million by 2031.
As per our report South & Central America Resistant Starch Market, the market size is valued at US$ 1,466.59 Million in 2023, projecting it to reach US$ 2,218.76 Million by 2031. This translates to a CAGR of approximately 5.3% during the forecast period.
The South & Central America Resistant Starch Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Resistant Starch Market report:
The South & Central America Resistant Starch Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Resistant Starch Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Resistant Starch Market value chain can benefit from the information contained in a comprehensive market report.
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