Resistant Starch Market Research, Analysis, Segmentation, Trends, Size And Forecasts, Competitive Analysis, SWOT Analysis

Resistant Starch Market Introduction

Resistant starch is a type of starch that resists digestion in the small intestine and passes through to the large intestine where it serves as a food source for beneficial gut bacteria. Resistant starch is found in a variety of foods such as legumes, whole grains, unripe bananas, potatoes, and other starchy vegetables.

The resistant starch market has been growing in recent years due to the increasing awareness of the health benefits associated with consuming resistant starch. Resistant starch has been shown to improve gut health, regulate blood sugar levels, and aid in weight management.

The market for resistant starch is segmented based on type, source, application, and region. Types of resistant starch include RS1, RS2, RS3, and RS4. Sources of resistant starch include legumes, whole grains, fruits and vegetables, and others. Resistant starch is used in a variety of applications including bakery products, dairy products, snacks and cereals, and others.

North America is currently the largest market for resistant starch, followed by Europe and Asia-Pacific. The growth of the resistant starch market in these regions can be attributed to the increasing demand for functional foods and dietary supplements that promote digestive health.

Key players in the resistant starch market include Ingredion Incorporated, Cargill, Incorporated, Tate & Lyle PLC, Roquette Frères, and Archer Daniels Midland Company, among others. These companies are investing in research and development to develop new and innovative products to meet the increasing demand for resistant starch in the market.

Overall, the resistant starch market is expected to continue to grow in the coming years as consumers become more aware of the health benefits associated with consuming resistant starch and demand for functional foods and dietary supplements increases.

Resistant Starch Market Industry Analysis

The resistant starch market is a growing industry, driven by increasing consumer awareness of the health benefits associated with consuming resistant starch. Some of the key factors driving the growth of the resistant starch market include:

Rising demand for functional foods: The demand for functional foods that promote digestive health is increasing globally. Resistant starch is increasingly being used in a range of food products to provide added health benefits and cater to this growing demand.
Increasing prevalence of obesity and diabetes: The rising prevalence of obesity and diabetes is driving demand for foods that help regulate blood sugar levels and support weight management. Resistant starch has been shown to have a positive impact on both of these conditions, which is driving its uptake as an ingredient in food products.
Growing focus on gut health: There is a growing awareness of the importance of gut health in maintaining overall health and wellbeing. Resistant starch is known to promote the growth of beneficial gut bacteria and support gut health, which is driving its use in a range of food products.
Innovation in product development: Companies are investing in research and development to develop new and innovative products that contain resistant starch. This is expanding the range of products available in the market and driving consumer interest in resistant starch.
Growing demand from developing regions: The market for resistant starch is expanding globally, with developing regions such as Asia-Pacific, Latin America, and the Middle East experiencing particularly strong growth. This is due to factors such as rising disposable incomes, increasing urbanization, and growing awareness of the health benefits of resistant starch.

Overall, the resistant starch market is expected to continue to grow in the coming years, driven by these and other factors. Companies in the market will need to continue to invest in product innovation and marketing to stay competitive in this fast-evolving industry.

Resistant Starch Market Trends

The resistant starch market is a dynamic industry, characterized by a range of emerging trends. Some of the key trends that are currently shaping the market include:

Increased use in plant-based products: The growing demand for plant-based products is driving the use of resistant starch in a range of vegetarian and vegan food products. Resistant starch is being used to add fiber, texture, and other nutritional benefits to plant-based products such as meat alternatives, snacks, and bakery goods.
Adoption in pet food products: Resistant starch is also being increasingly used in pet food products. This is due to its ability to improve digestive health and support weight management, which are key concerns for pet owners.
Focus on clean label and natural ingredients: Consumers are increasingly seeking out food products that contain clean, natural ingredients. Resistant starch is being positioned as a natural, plant-based ingredient that can provide added nutritional benefits to food products, which is driving its uptake in the market.
Expansion into new applications: Resistant starch is being used in a growing range of food and non-food applications. For example, it is being used in pharmaceuticals and cosmetics, as well as in industrial applications such as adhesives and paper production.
Growth of online sales channels: With the rise of e-commerce and online shopping, many resistant starch manufacturers are focusing on developing strong online sales channels. This allows them to reach a wider customer base and offer greater convenience and flexibility to consumers.

Overall, the resistant starch market is evolving rapidly, with new trends and opportunities emerging all the time. Companies that are able to stay ahead of these trends and innovate in their product offerings will be well-positioned for success in this dynamic market.

Resistant Starch Market Size And Forecast

The resistant starch market has been experiencing steady growth in recent years and is expected to continue to grow in the coming years. According to a report by MarketsandMarkets, the global resistant starch market was valued at USD 443.5 million in 2020 and is projected to reach USD 663.3 million by 2025, at a CAGR of 8.4% during the forecast period.

The report indicates that the growth of the resistant starch market is being driven by factors such as the increasing demand for functional foods and dietary supplements, the rising prevalence of obesity and diabetes, and the growing focus on gut health.

Based on type, the report segments the resistant starch market into RS1, RS2, RS3, and RS4. The RS2 segment is expected to account for the largest share of the market in 2020, due to its increasing use in a range of food products.

Based on source, the report segments the resistant starch market into legumes, whole grains, fruits and vegetables, and others. The legumes segment is expected to account for the largest share of the market in 2020, due to the high content of resistant starch in legumes such as lentils, chickpeas, and kidney beans.

Based on application, the report segments the resistant starch market into bakery products, dairy products, snacks and cereals, and others. The snacks and cereals segment is expected to account for the largest share of the market in 2020, due to the increasing use of resistant starch in snack foods and breakfast cereals.

Geographically, the report segments the resistant starch market into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to account for the largest share of the market in 2020, due to the high demand for functional foods and dietary supplements in the region.

Overall, the resistant starch market is expected to continue to grow in the coming years, driven by the increasing demand for functional foods and the growing awareness of the health benefits of consuming resistant starch.

Resistant Starch Market Share Analysis

The global resistant starch market is highly competitive and fragmented, with a large number of players operating in the market. Some of the key players in the market include Ingredion, Cargill, Tate & Lyle, ADM, SunOpta, and MGP Ingredients.

According to a report by Transparency Market Research, Ingredion is the leading player in the global resistant starch market, with a market share of around 25% in 2019. The company offers a range of resistant starch products, including Hi-Maize, Nutriose, and Novelose.

Cargill is the second largest player in the market, with a market share of around 20% in 2019. The company offers a range of resistant starch products, including Oliggo-Fiber, Purimune, and Barliv.

Tate & Lyle is the third largest player in the market, with a market share of around 15% in 2019. The company offers a range of resistant starch products, including Promitor, Sta-Lite, and Hi-Purity.

Other significant players in the market include ADM, SunOpta, and MGP Ingredients. These companies offer a range of resistant starch products and have a strong presence in the market.

Geographically, North America is the largest market for resistant starch, followed by Europe and Asia-Pacific. North America is expected to remain the largest market for resistant starch in the coming years, due to the high demand for functional foods and dietary supplements in the region.

Overall, the resistant starch market is highly competitive, with a large number of players operating in the market. The leading players in the market are focused on developing new and innovative products and expanding their global presence to stay competitive in this fast-evolving industry.

Resistant Starch Market Competitive Landscape

The resistant starch market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include Ingredion, Cargill, Tate & Lyle, Archer Daniels Midland (ADM), SunOpta, and MGP Ingredients.

These companies are investing in product development and innovation, as well as expanding their global presence through acquisitions and partnerships. For example:

Ingredion: The company is focused on expanding its product portfolio and increasing its global presence through strategic acquisitions and partnerships. In 2018, the company acquired the potato starch business of Western Polymer, a US-based company. In 2020, the company partnered with Lyckeby, a Swedish potato starch producer, to develop a new range of potato-based ingredients.
Cargill: The company is investing in research and development to develop new resistant starch products and expand its global presence. In 2020, the company launched a new line of resistant starch products under its Oliggo-Fiber brand.
Tate & Lyle: The company is focused on expanding its product portfolio and increasing its global presence through strategic acquisitions and partnerships. In 2020, the company acquired Sweet Green Fields, a US-based manufacturer of stevia sweeteners.
ADM: The company is investing in product development and innovation to meet the growing demand for resistant starch in a range of food applications. In 2019, the company launched a new line of Fibersol soluble dietary fibers, which includes a range of resistant starch products.
SunOpta: The company is focused on expanding its product portfolio and increasing its global presence through strategic acquisitions and partnerships. In 2020, the company acquired the plant-based beverage business of Hain Celestial.
MGP Ingredients: The company is investing in research and development to develop new resistant starch products and expand its global presence. In 2020, the company launched a new line of resistant starch products under its FiberStar brand.

Overall, the competitive landscape of the resistant starch market is characterized by intense competition and ongoing innovation. Companies that are able to stay ahead of the curve in terms of product development, innovation, and strategic partnerships are well-positioned for success in this dynamic market.

Resistant Starch Market Intelligence

The resistant starch market is driven by a number of factors, including increasing consumer awareness about the health benefits of resistant starch, the growing demand for functional foods and dietary supplements, and the rising demand for gluten-free and low-carbohydrate products. Here are some key intelligence points about the resistant starch market:

Health benefits of resistant starch: Resistant starch is known for its ability to improve digestive health, increase satiety, and reduce the risk of chronic diseases such as diabetes, obesity, and cancer. As a result, there is a growing demand for resistant starch from health-conscious consumers.
Growing demand for functional foods and dietary supplements: The growing demand for functional foods and dietary supplements is driving the demand for resistant starch, as it is a key ingredient in many functional food products and dietary supplements.
Rising demand for gluten-free and low-carbohydrate products: Resistant starch is a popular ingredient in gluten-free and low-carbohydrate products, as it can be used as a substitute for traditional flours and starches. As a result, the rising demand for gluten-free and low-carbohydrate products is driving the demand for resistant starch.
Strong demand in North America and Europe: North America and Europe are the largest markets for resistant starch, due to the high demand for functional foods and dietary supplements in these regions.
Innovation in product development: Companies in the resistant starch market are investing in product development and innovation to develop new and innovative products that meet the changing needs of consumers.
Strong competition in the market: The resistant starch market is highly competitive, with a large number of players operating in the market. Key players in the market are focused on expanding their product portfolios and global presence through acquisitions, partnerships, and product innovation.

Overall, the resistant starch market is expected to continue to grow in the coming years, driven by increasing consumer demand for healthy and functional foods, as well as ongoing innovation and investment in product development by key players in the market.

Resistant Starch Market Industry Trends

The resistant starch market is characterized by a number of industry trends that are shaping its growth and evolution. Some of the key industry trends in the resistant starch market include:

Increasing demand for clean label ingredients: Consumers are increasingly looking for food products that are made with clean label ingredients, which are perceived as healthier and more natural. This trend is driving the demand for resistant starch, which is a natural and clean label ingredient.
Growing popularity of plant-based foods: The growing popularity of plant-based foods is driving the demand for resistant starch, which is a plant-based ingredient that can be used in a range of plant-based food products.
Innovation in product development: Companies in the resistant starch market are investing in product development and innovation to develop new and innovative products that meet the changing needs of consumers. For example, companies are developing new types of resistant starch that have improved functionality and can be used in a wider range of food products.
Increasing demand for prebiotic ingredients: Prebiotic ingredients, which promote the growth of beneficial gut bacteria, are increasingly in demand among health-conscious consumers. Resistant starch is a prebiotic ingredient that is in high demand due to its ability to improve gut health.
Strong demand for resistant starch in the bakery industry: Resistant starch is a popular ingredient in the bakery industry, where it is used as a functional ingredient to improve the texture, structure, and shelf life of baked goods.
Rising demand for resistant starch in animal feed: Resistant starch is also used as an ingredient in animal feed, where it can improve the digestive health and growth of animals.

Overall, the resistant starch market is expected to continue to grow in the coming years, driven by these and other industry trends that are shaping the market. Companies that are able to stay ahead of these trends and innovate in their product development and marketing strategies will be well-positioned for success in this dynamic and competitive market.

Resistant Starch Market Analysis

The resistant starch market is an emerging and rapidly growing market that is driven by a number of factors, including increasing consumer awareness about the health benefits of resistant starch, the growing demand for functional foods and dietary supplements, and the rising demand for gluten-free and low-carbohydrate products.

Market Size and Growth: The global resistant starch market is expected to grow at a CAGR of around 6% from 2021 to 2026, reaching a market size of around USD 1.3 billion by 2026. The growth of the market is driven by the increasing demand for functional foods and dietary supplements, as well as the growing popularity of plant-based and gluten-free products.

Market Segmentation: The market can be segmented by type, source, application, and region. By type, the market can be segmented into RS1, RS2, RS3, and RS4. By source, the market can be segmented into cereals and grains, vegetables, fruits, and others. By application, the market can be segmented into bakery and confectionery, dairy, beverages, and others. By region, the market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Regional Analysis: North America and Europe are the largest markets for resistant starch, due to the high demand for functional foods and dietary supplements in these regions. The Asia Pacific region is expected to be the fastest-growing market for resistant starch, driven by the increasing demand for healthy and functional foods in countries such as China, India, and Japan.

Competitive Landscape: The resistant starch market is highly competitive, with a large number of players operating in the market. Key players in the market include Ingredion Incorporated, Cargill, Incorporated, Tate & Lyle PLC, MGP Ingredients, Inc., Roquette Frères, and Emsland Group. Companies in the market are focused on expanding their product portfolios and global presence through acquisitions, partnerships, and product innovation.

In conclusion, the resistant starch market is a rapidly growing market that is driven by a number of factors, including increasing consumer awareness about the health benefits of resistant starch, the growing demand for functional foods and dietary supplements, and the rising demand for gluten-free and low-carbohydrate products. The market is expected to continue to grow in the coming years, driven by ongoing innovation and investment in product development by key players in the market.

Resistant Starch Market Segmentation

The resistant starch market can be segmented on the basis of several factors, including type, source, application, and region.

By Type:

RS1 (Physically inaccessible)
RS2 (Resistant granules)
RS3 (Retrograded)
RS4 (Chemically modified)

By Source:

Cereals and Grains (wheat, corn, rice, oats, barley, and others)
Vegetables (potatoes, green bananas, beans, peas, lentils, and others)
Fruits (apples, pears, berries, and others)
Others (seeds, nuts, and legumes)

By Application:

Bakery and Confectionery (breads, cookies, cakes, pastries, and others)
Dairy (yogurt, cheese, and others)
Beverages (smoothies, shakes, and others)
Others (meat products, processed foods, and dietary supplements)

By Region:

North America (U.S. and Canada)
Europe (UK, Germany, France, and others)
Asia Pacific (China, India, Japan, and others)
Rest of the World (Latin America, Middle East, and Africa)

By segmenting the market in this way, companies can better understand the needs and preferences of different customer groups and tailor their products and marketing strategies accordingly. For example, companies may choose to focus on developing products that are specifically designed for the bakery and confectionery market, or they may choose to expand their product offerings in the Asia Pacific region, which is expected to be the fastest-growing market for resistant starch.

Resistant Starch Market Forecast

The global resistant starch market is expected to continue to grow in the coming years, driven by a number of factors, including increasing consumer awareness of the health benefits of resistant starch, the growing demand for functional foods and dietary supplements, and the rising demand for gluten-free and low-carbohydrate products.

According to market research reports, the global resistant starch market is projected to grow at a CAGR of around 6% from 2021 to 2026, reaching a market size of around USD 1.3 billion by 2026. This growth is expected to be driven by the increasing demand for functional foods and dietary supplements, as well as the growing popularity of plant-based and gluten-free products.

In terms of region, North America and Europe are expected to remain the largest markets for resistant starch, due to the high demand for functional foods and dietary supplements in these regions. The Asia Pacific region is expected to be the fastest-growing market for resistant starch, driven by the increasing demand for healthy and functional foods in countries such as China, India, and Japan.

In addition, the COVID-19 pandemic has had a significant impact on the resistant starch market, with consumers increasingly focused on their health and well-being, and seeking out functional foods and dietary supplements to support their immune system. This trend is expected to continue in the coming years, further driving the growth of the resistant starch market.

Overall, the resistant starch market is expected to continue to experience strong growth in the coming years, driven by ongoing innovation and investment in product development by key players in the market, as well as increasing consumer demand for healthy and functional foods.

Resistant Starch Market Growth

The resistant starch market is expected to experience significant growth in the coming years, driven by several factors, including increasing consumer awareness of the health benefits of resistant starch, the growing demand for functional foods and dietary supplements, and the rising demand for gluten-free and low-carbohydrate products.

One of the key drivers of growth in the resistant starch market is the increasing consumer interest in health and wellness. Consumers are becoming more aware of the health benefits of resistant starch, including its potential to support digestive health, improve insulin sensitivity, and reduce the risk of chronic diseases such as obesity, type 2 diabetes, and cardiovascular disease. As a result, there is growing demand for resistant starch in a wide range of food and beverage products, including bakery and confectionery products, dairy products, and beverages.

Another factor driving growth in the resistant starch market is the increasing popularity of plant-based and gluten-free products. Resistant starch is a key ingredient in many plant-based and gluten-free products, which are becoming increasingly popular with consumers who are looking for healthier and more sustainable food options.

Overall, the resistant starch market is expected to experience strong growth in the coming years, driven by ongoing innovation and investment in product development by key players in the market, as well as increasing consumer demand for healthy and functional foods.

Resistant Starch Market Competitor Analysis

The global resistant starch market is highly competitive, with a large number of players operating in the market. Key players in the market include:

Ingredion: Ingredion is a leading provider of starches, sweeteners, and nutrition ingredients, and offers a wide range of resistant starch products.
Cargill: Cargill is a leading provider of food, agriculture, and industrial products and services, and offers a range of resistant starch products for use in food and beverage applications.
Tate & Lyle: Tate & Lyle is a leading provider of food ingredients and solutions, and offers a range of resistant starch products for use in a wide range of applications.
Roquette Frères: Roquette Frères is a leading provider of plant-based ingredients and solutions, and offers a range of resistant starch products for use in food, nutrition, and industrial applications.
MGP Ingredients: MGP Ingredients is a leading provider of specialty wheat proteins and starches, and offers a range of resistant starch products for use in food and beverage applications.
SunOpta: SunOpta is a leading provider of organic and non-GMO food and ingredients, and offers a range of resistant starch products for use in a variety of food and beverage applications.

Other key players in the market include Archer Daniels Midland, Grain Processing Corporation, Emsland Group, and Ulrick & Short, among others.

These companies are investing in research and development to develop new and innovative resistant starch products, as well as expanding their production capacities to meet the growing demand for resistant starch. In addition, companies are also focusing on partnerships and collaborations with other players in the market to expand their product offerings and increase their market share.

Resistant Starch Market Strengths

The resistant starch market has several strengths that are driving its growth and making it an attractive segment for investment and expansion. Some of the key strengths of the resistant starch market include:

Health and Wellness: The growing demand for healthy and functional foods is driving the growth of the resistant starch market. Resistant starch is gaining popularity among health-conscious consumers due to its potential to support digestive health, improve insulin sensitivity, and reduce the risk of chronic diseases such as obesity, type 2 diabetes, and cardiovascular disease.
Multiple Applications: Resistant starch has a wide range of applications in the food and beverage industry, including bakery and confectionery products, dairy products, and beverages. It is also used in pharmaceuticals, personal care products, and industrial applications, providing multiple revenue streams for companies operating in the market.
Plant-based and Gluten-free Products: The increasing popularity of plant-based and gluten-free products is driving the demand for resistant starch as a key ingredient in these products. Resistant starch is a natural, plant-based ingredient that is often used as a substitute for wheat flour in gluten-free products, making it an attractive option for consumers looking for healthier and more sustainable food options.
Research and Development: There is ongoing innovation and investment in product development in the resistant starch market, with companies investing in research and development to develop new and innovative products with improved functionality and applications.
Global Market: The resistant starch market is a global market, with strong demand in both developed and emerging economies. This provides opportunities for companies to expand their operations and reach new markets.

Overall, the resistant starch market has several strengths that are driving its growth and making it an attractive segment for investment and expansion. With ongoing innovation and investment in product development, and increasing consumer demand for healthy and functional foods, the market is expected to continue to grow in the coming years.

Resistant Starch Market Opportunities

The resistant starch market presents several opportunities for growth and expansion. Some of the key opportunities in the market include:

Emerging Markets: Emerging markets present significant growth opportunities for the resistant starch market, as rising incomes, urbanization, and changing dietary patterns are driving demand for healthier and more sustainable food options. As more consumers become aware of the health benefits of resistant starch, the demand for these products is expected to increase in emerging markets.
Product Innovation: There is significant scope for product innovation in the resistant starch market, with companies investing in research and development to develop new and innovative products with improved functionality and applications. With increasing demand for healthier and more sustainable food options, there is a need for new products that meet these requirements.
Clean Label Ingredients: There is growing demand for clean label ingredients, which are natural, minimally processed, and free from artificial ingredients. Resistant starch is a natural, plant-based ingredient that can help meet this demand, and there is significant scope for companies to develop clean label resistant starch products.
Partnerships and Collaborations: Partnerships and collaborations between companies can help drive innovation and growth in the resistant starch market. By partnering with other players in the market, companies can expand their product offerings, access new markets, and enhance their research and development capabilities.
Functional Food and Beverage Market: The functional food and beverage market is growing rapidly, driven by increasing consumer demand for foods and beverages that offer health benefits beyond basic nutrition. Resistant starch has several health benefits and is well-suited for use in functional food and beverage products, providing significant growth opportunities for companies operating in this market.

Overall, the resistant starch market presents several opportunities for growth and expansion, driven by increasing demand for healthier and more sustainable food options, ongoing innovation and investment in product development, and partnerships and collaborations between companies.

Resistant Starch Market Weakness

While the resistant starch market has several strengths and opportunities, there are also some weaknesses and challenges that the industry faces. Some of the key weaknesses of the resistant starch market include:

Limited Consumer Awareness: Despite the growing popularity of resistant starch, many consumers are still unaware of the health benefits of this ingredient. There is a need for increased education and awareness campaigns to help consumers understand the benefits of resistant starch, and to drive demand for these products.
High Cost: Resistant starch can be more expensive than other ingredients, which can limit its use in some products. This is particularly true for some applications, such as bakery and confectionery products, where cost is a critical factor.
Production Challenges: The production of resistant starch can be complex, requiring specialized processing and equipment. This can lead to production challenges and higher costs, particularly for smaller companies that may not have the resources to invest in this equipment.
Regulatory Challenges: The use of resistant starch in food and beverage products is subject to regulatory approval, which can be a lengthy and costly process. This can limit the use of resistant starch in some markets and applications.
Competition: The resistant starch market is becoming increasingly competitive, with new players entering the market and existing players expanding their operations. This can make it challenging for companies to differentiate themselves and compete effectively.

Overall, the resistant starch market faces several weaknesses and challenges, including limited consumer awareness, high costs, production challenges, regulatory hurdles, and increasing competition. While these challenges can limit growth and expansion in the short term, they also present opportunities for companies to innovate, differentiate themselves, and develop new products and applications to meet consumer demand.

Resistant Starch Market Threats

The resistant starch market faces several threats that could impact its growth and development. Some of the key threats to the market include:

Fluctuating Raw Material Prices: The cost of raw materials used in the production of resistant starch, such as corn, potatoes, and legumes, can fluctuate significantly based on factors such as weather, disease outbreaks, and global supply and demand. This can impact the cost of production and limit the availability of raw materials, which can, in turn, affect the growth of the market.
Health Claims and Regulations: The use of health claims related to resistant starch is strictly regulated, and companies must comply with strict rules and guidelines when making such claims. Any violation of these regulations can lead to fines, penalties, and reputational damage. Changes in regulations and health claims can also impact the market by limiting the use of certain types of resistant starch or making it more difficult to market these products.
Competition from Other Ingredients: Resistant starch is just one of many ingredients that can provide health benefits, and there is significant competition from other ingredients, such as probiotics, prebiotics, and dietary fiber. This competition can limit the market growth of resistant starch by reducing the demand for this ingredient.
Economic Downturns: Economic downturns, such as recessions or pandemics, can impact the resistant starch market by reducing consumer demand for premium or health-focused products. This can lead to decreased sales and slower growth for companies operating in this market.
Shifting Consumer Preferences: Consumer preferences can change rapidly, and the resistant starch market must be able to adapt to these changes. For example, if consumers become less interested in health-focused products, the demand for resistant starch products could decline, and the market may need to shift its focus to other trends or preferences.

Overall, the resistant starch market faces several threats, including fluctuating raw material prices, regulations and health claims, competition from other ingredients, economic downturns, and shifting consumer preferences. To overcome these threats, companies operating in the market must be adaptable, innovative, and able to meet changing consumer needs and preferences.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Market Insight Lab journalist was involved in the writing and production of this article.