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Rice Starch Market By Product (Food Grade, Pharmaceutical Grade, Cosmetic Grade), By Application (Baked Goods & Bakery Fillings, Confectionery Coatings & Liquorice, Dairy Desserts & Yoghurt, Dairy Fruit Preparations, Body Powder, Dry Shampoo, Other), Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023–2028)

Published: March, 2023
ID: 8833
Pages: 170
Formats: report pdf report excel report power bi report ppt

Rice Starch Market Size, Share, Growth (2023-2028)

Rice Starch Market will be estimated at USD 0.2 million in 2023 to USD 0.27 billion by 2028 to grow a CAGR of about 6.60 % throughout the forecast period (2023-2028)

Rice Starch Market Overview:

Rice starch is characterized by tiny granules of the order of 2 to 8 μm, much lower than those of other cereals, tubers, and roots, such as corn and potatoes. Its granule size is almost similar to the size of the fat globules. Therefore, it is ideal for imitating an oily and full-bodied mouthfeel. It offers creamy textures and can serve as a natural fat substitute. It can be widely used in the food industry, the pharmaceutical industry, the chemical industry, and the cosmetic and personal care industry. In the world rice starch market, the supply of raw materials is complete. But many manufacturers have given up in recent years due to low gross product margins and the price of corn starch is lower than that of rice starch in some applications. All manufacturers around the world are committed to improving production technology. In the past two years, Chinese manufacturers have almost caught up with the world's leading technology. Like Anhui Lianhe and Anhui, Huan Tian Biotechnology Company can produce food-grade rice starch and industrial-grade rice starch. It is believed that the rice starch market is emerging, and the consumption increasing degree will show smooth growth in the rice starch market. 

Recent Developments in Rice Starch Industry:

  • Ingredion Incorporated had announced that it had signed a definitive agreement to acquire the rice starch and rice flour businesses of Sun Flour Industry Co, Ltd., based in Banglen and Thailand. The acquisition supports Ingredion's global strategy to grow its higher-value specialty ingredient business and has been approved by the company's board of directors.

  •  Ingredion Inc. acquired the business of Western Polymer, a private producer of native and modified potato starch for food and industrial applications. The financial terms of the transaction have not been disclosed. Founded in 1952, Western Polymer is headquartered in Moses Lake, Washington, and operates three United States.

  • Ingredion has sought acquisitions, including starch suppliers, drawing on its expertise in texture systems. In 2015, the company completed the acquisition of Penford Corp., a supplier of specialty ingredients, including potato starch. Ingredion's portfolio now includes more than 25 native Novation functional starches intended to provide the textured and tolerant performance of modified starch with a clean alternative, according to the company.

  • BENEO, a manufacturer of natural food ingredients, has expanded its Remypure portfolio with the launch of its second native functional rice starch, Remypure S52. BENEO's 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 starches.

  • In October 2019, Ingredion launched a new line of organic tapioca and rice starches, which are the company's first certified natural products to be manufactured in the Asia Pacific and available worldwide. Purity Bio starches are designed to meet the needs of customers in the Asia-Pacific region, both in terms of product development and operational efficiency, Ingredion says.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022–2028

Base Year

2022

Forecast Period

2023-2028

CAGR

6.50%

Segments Covered

By Product, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Beneo, Ingredion, Bangkok Starch Industrial Co., Ltd, Thai Flour Industry Co., Ltd, AGRANA, WFM Wholesome Foods, Jiangxi Golden Agriculture Biotech Co., Ltd and Others.

Rice Starch Market Segmentation:

By Product:

  • Food Grade

  • Pharmaceutical Grade

  • Cosmetic Grade

By Application:

  • Baked Goods & Bakery Fillings

  • Confectionery Coatings & Liquorice

  • Dairy Desserts & Yoghurt

  • Dairy Fruit Preparations

  • Body Powder

  • Dry Shampoo

  • Other     

Geographical Segmentation Analysis:

  • North America - the United States and Canada

  • Europe - United Kingdom, Spain, Germany, Italy, and France

  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia

  • Latin America  - Brazil, Argentina, Mexico, and the Rest of LATAM

  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Rice Starch Market Regional Analysis:

Among the regions mentioned above, Asia Pacific has become the most dominant region in the world rice starch market, followed by Europe and North America. China and Japan are among the main contributors to the growth of the Asia-Pacific Rice Starch market. The rapid growth of the personal care industry in the emerging economies of Asia Pacific is driving the growth of the Rice Starch business in the region. The application of Rice Starch in pharmaceutical and cosmetics products is also high in this region. These factors are anticipated to stimulate growth in the global Asia-Pacific Rice Starch Market during the projection period. The increasing use of various quality rice starch products in multiple applications worldwide has strengthened the growth of the worldwide rice starch market and is therefore foreseen to significantly increase the contribution to rice starch market revenue during the outlook period.

Rice Starch Market Key Players

Major Key Players in the Global Rice Starch Market are

  1. Beneo

  2. Ingredion

  3. Bangkok Starch Industrial Co., Ltd.

  4. Thai Flour Industry Co., Ltd

  5. AGRANA

  6. WFM Wholesome Foods

  7. Jiangxi Golden Agriculture Biotech Co., Ltd.

 

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