Rice Starch Market: Rising consumption of organic processed food among the population

Global Rice Starch Market size was valued at USD 525.28 Mn in 2022 and is expected to reach USD 821.28 Mn by 2029, at a CAGR of 6.6 percent over the forecast period (2023-2029)
Rice Starch Market Overview:
A rice starch is a polymeric carbohydrate. It is an insoluble white powder comprised of amylopectin and amylose. Natural and gluten-free rice starch is a common ingredient in a variety of products, including food, medicine, cosmetics, and others. The main user of rice starch, which is also utilized in the pharmaceutical and cosmetics industries, is the food business. In several food products, rice starch is utilized as an emulsifier, stabilizer, and thickening In the pharmaceutical industry, rice starch is uutilizedas a disintegrant, filler, and binder in tablet formulations. To remain competitive in the market, the major firms are concentrating on creating new items, diversifying their product offering, and spending money on R&D.


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Rice Starch Market Scope and Research Methodology
The Rice Starch Market report provides a detailed analysis of the strong competition, challenges and dominant sectors in the market. The key findings of the report include market size and forecasts period with current environmental and other developments that affect the Market. The Rice Starch Market is segmented into type, nature, form and end-user which is presented with the help of graphs and figures for a better understanding of the fastest-growing segments. The report used both quantitative and qualitative methods for the analysis of the industry. The market size and estimations along with the growth rate are covered in the report. The bottom-up approach was used for market estimations which were validated by various segments.

For the competitive landscape, a thorough analysis of major manufacturers in the Rice Starch Market is conducted to help clients gain an edge over their competitors. Regional analysis of the Market provides key insights at the local, regional and global levels. A comprehensive vendor analysis for the Market aids clients to understand market penetration. SWOT, PESTLE, and Porter’s Five Force analysis were used to understand the factors affecting the Rice Starch Market. These report gives an understanding of the micro and macro-economic factors that have an impact on the growth of the Rice Starch Market growth.
Rice Starch Market Dynamics
The Rice Starch Market is expected to continue to grow due to the increasing demand for gluten-free and natural ingredients, as well as the growing demand in the food and beverage, pharmaceutical, and convenience food industries.

Increasing demand for Rice Starch in various industries to boost the Rice Starch Market
The rice starch industry is being driven by the rising population globally. In addition, the market is positively influenced by increasing disposable incomes, changing lifestyles, and growing urbanization. The rising youth population is also enhancing the market growth as individuals are keen to try the new items prepared by the use of rice starch; as a result, boosting the market growth. The market is further aided by the rising demand in the cosmetics and personal care industry. The industry is also positively impacted by the various grades of the product, which are used extensively in applications, such as cosmetics and personal care products, pharmaceuticals, and others.

Increasing Usage of Rice Starch for targeting vegan consumers

Rice starch can be a suitable ingredient for targeting vegan consumers as it is a plant-based ingredient that does not contain any animal products. Rice starch is derived from rice and is commonly used as a thickening agent in various food products, including soups, sauces, and desserts. It is a gluten-free ingredient, which makes it suitable for people who have gluten sensitivities or celiac disease and is expected to influence the market growth. Rice starch is a natural ingredient that is free from chemical additives, making it a healthier option for consumers who prefer to avoid artificial ingredients in their food. To target vegan consumers, food manufacturer uses rice starch as an ingredient in a range of vegan products such as plant-based milk, yogurt, and ice cream, and is contributing to the growth of the market.

Opportunities in the Rice Starch Industry

Increasing demand for clean labels and natural ingredients: Consumers are increasingly looking for food products made with natural and clean-label ingredients. Rice starch fits this trend as it is a natural and gluten-free ingredient that can be used as a thickener, stabilizer, and emulsifier in a wide range of food applications.

Adoption of Rice Starch in the pharmaceutical industry: Rice starch is widely used in the pharmaceutical industry as a binder, filler, and disintegrant in tablet formulations. As the demand for pharmaceutical products continues to rise globally, the demand for rice starch as an ingredient is also expected to increase.

Rising demand in the cosmetics industry: Rice starch is used in cosmetics as a natural alternative to synthetic ingredients. It is known for its absorbent properties, making it ideal for use in powder-based cosmetic products such as face powders, blushes, and eye shadows.
Rice Starch Market Restraints:
Fluctuating raw material prices: Rice is the primary raw material used in the production of rice starch. The prices of rice are subject to fluctuations due to various factors such as weather conditions, government policies, and global trade. Fluctuating raw material prices can affect the production costs and profit margins of rice starch manufacturers.

Increasing competition from other starches: Rice starch faces stiff competition from other starches such as corn starch, potato starch, and tapioca starch. These starches are often cheaper and readily available, making them more attractive to Rice Starch Market.

Limited production capacity: Rice starch production requires significant investments in processing equipment and infrastructure. As a result, the production capacity of rice starch is limited, which could hinder its ability to meet the growing demand from various industries.

Environmental concerns: Rice cultivation requires large amounts of water and can have negative environmental impacts such as water pollution and soil degradation. As consumers and industries become more environmentally conscious, these concerns could limit the growth of the Rice Starch Market.
Rice Starch Market Regional Insights:
North America food starch market is highly fragmented and is expected to dominate the market

The North America food starch market is highly fragmented due to the presence of global and regional players in the region. The major competitive factors in the native and modified starches market are price, product customization, and customer service. Major players are focusing on product innovation in the market to expand their presence, enhance their brand portfolio, and cater to various preferences of product manufacturers.

Europe and North America are major regions for the rice starch Market. The expanding market for rice starch within these regions is due to the rising use of a range of rice starch grade products in extensive applications. The market is further expected to have a surge in demand over the forecast period.

The Asia-pacific region to dominate the rice starch industry over the forecast period

The Asia Pacific market is a significant market for rice starch. This is attributed to the rapid urbanisation, rising disposable incomes, and growing population in the region. Countries such as India and China exhibit high potential for the market growth.
Rice Starch Market Segment Analysis:
Rice Starch Market is segmented on the basis of product and application. The growth among these segments will help to analyse merger growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market application.

By Type

Based on the type, the Rice Starch Market is segmented into waxy and regular. The waxy segment covered a substantial revenue share in the Rice Starch Market in 2022. This is caused by the higher solubility and swelling indices as well as the higher relative crystallinity values. Because of its high amylopectin content, waxy rice starch is separated from rice and processed for higher temperatures. Waxy rice starch also provides greater water binding at low process temperatures of roughly 70–80C because of the low gelling temperature and smaller granule size. Due to the appealing advantages of this kind of rice starch, the market is anticipated to expand in this place.

Based on End User, the market has been segmented into food and beverages, pharmaceuticals, cosmetics and personal care, and others. The food & beverages segment accounted for more than 50% share of the market and is expected to dominate the Rice Starch Marketdue to use of rice starch in food & beverage industry in applications including chips, confectionary coating, baby food, soups, sauces, cereals, and organic food products among others. Increasing application of rice starch in cosmetics and pharmaceuticals is expected to spur the market growth further.

Based on Form, the Rice Starch Market is divided into native and modified. The native segment held the highest revenue share in the Rice Starch Market in 2021. This is due to its usage in frozen cakes, brewing adjuncts, sheeted snacks, breading & batters, dry mix sauces and soups, and pet products. Additionally, the precooked or cooked native rice starch can aid in reducing fat in spreadable foods, for instance, pâté, because of their high added creaminess, which further aids the segment to grow in the projected period.


Rice Starch Market Competitive landscape:
The existence of multiple regional and worldwide companies, the market is extremely fragmented. Expansions, product innovations, and partnerships are the main strategies used by firms in the global Rice Starch Market. Product innovation accounts for the majority of the players strategies, pushing the sales of starch in new market. Rice Starch Key Players include Cargill Incorporated, Agarna, Ingredion Inc, National Starch Food Innovation, and Archer-Daniels-Midland among others.

In May 2022, Ingredion Inc launched organic native starches sourced from rice which is ideal for food products such as frozen ready-meals, dressings, sauces, and soups as it helps to thicken the consistency of the product. Ingredion has launched functional native starches that formulates food and beverages with ingredients consumers accept, prefer and expect. This pushes the competition level and increasing the sales of native starch.

In July 2021 BENEO, a manufacturer of natural food ingredients, has expanded its remypure portfolio with the launch of its second native functional rice starch, remypure exclusive production process improves the functional properties of remypure rice starches without the use of chemicals, achieving performance comparable to or better than modified food starch.

BENEO, a world leader in healthy ingredients, has announced a 50 percent production capacity increase at its Wijgmaal rice starch facility. A two-stage expansion process valued at USD 50 million, will lead to increased capacity by March 2022. The facility, which currently employs 180 people, will add up to 20 full-time positions during the course of the expansion, as well as offer further work to maintenance and engineering contractors in the vicinity. The plant has a proud tradition of 160 years in the Wijgmaal area.
Rice Starch Market Scope: Inquire before buying



Rice Starch Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
USD 525.04 Mn


Forecast Period 2023 to 2029 CAGR:
6.6%
Market Size in 2029:
USD 821.28 Mn


 Segments Covered:
by Type
1.Waxy rice starch
2.Regular rice starch


by Form
1.Native
2.Modified


by Nature
1. Conventional
2.Organic


by End-use
1.Food & Beverages
2.Laundry
3.Paper
4.Pharmaceutical
5. Cosmetics & Personal Care
6.Others



Rice Starch Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
Rice Starch Key Players are:
1.Ingredion Inc
2.BENEO
3.Herba Ingredients BV
4.Jiangxi Goldern Agriculture biotech Co.,Ltd
5.AGRANA Beteiligungs-AG
6.Cargill, Incorporated
7.Bangkok Starch Industrial Co., Ltd
8.Anhui Shunxin Shenyuan biological
9. Thai Flour Industry Co.,
10.A & B Ingredients,
11.Ettlinger Corporation,
12.Sacchetto SpA,
13.Aromantic Ltd
14. Tiba starch and Glucose manufacturing Co.,
15.Pruthavi’s foods private limited
16.Starch asia
17.Burapa prosper
18. WFM Starch products
19.Wuxi jinnong Biotechnology Co,
20. Predue farms
21.J.D.Heiskell
22.Kent Nutrition Group

Frequently Asked Questions:

1. At what growth rate will the market be projected to grow during the forecast period?
Ans: The Rice Starch Market is projected to grow at a CAGR of 6.6 percent during the forecast period by 2029.

2. What will be the market value in the future?
Ans: The future market value of the Rice Starch Market is expected to reach USD 821.28 million by 2029.

3. Who are the major players operating in the market?
Ans: Ingredion Inn., BENEO, Herba Ingredients BV, Jiangxi Goldern Agriculture biotech Co.,Ltd, AGRANA Beteiligungs-AG, Cargill, Incorporated, Bangkok Starch Industrial Co., Ltd

4. Which countries data are covered in the report?
Ans: The country covered in the Rice Starch Market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, etc.

5. Which is the largest regional market for rice market for rice starch?
Ans:Asia pacific is the largest regional market for rice starch. This is attributed to the purchasing power and huge population in the region. Moreover, this region is expected to witness modest growth during the forecast period due to an increase in the use of rice starch in the food & beverage industry.