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Pulished Date April, 2021
ID: 8833
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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), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and Rest of the World) –Global Industry Analysis, Size, Share, Growth, Trends, And Competitive Strategy Analysis Forecast Report 2021-2026

Pulished: April, 2021
ID: 8833
Pages: 170

Rice Starch Market Growth Rate Analysis:

Global Rice Starch Market size was estimated at USD 162 million in 2019 and is expected to reach over USD 234 million by the end of the assessment period. The market is likely to experience moderate growth to record a CAGR of about 6% throughout the forecast period 2021-2026.

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. Rice starch can be classified into two types: food-grade rice starch and industrial-grade rice starch. Food grade rice starch is widely used in the food and pharmaceutical industries. Industrial grade rice starch is commonly used in the cosmetic industry, paper industry, spinning sector and other industries. The primary raw materials for rice starch are rice and caustic soda. 

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 margin 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:

  1. In August 2016, 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.
  2. In March 2019, 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.
  3. 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.
  4. In July 2018, BENEO, 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.
  5. 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.

Detailed Segmentation of the 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:

On the basis of the geographical segmentation, the global Rice Starch Market is segmented into different regions: North America (Canada, The U.S.), Latin America (Mexico, Brazil, Rest Of Latin America ), Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries ), Eastern Europe ( Russia, Rest Of Eastern Europe), Asia Pacific (Japan, China, India and Rest of APAC), Latin America (Brazil, Mexico and Rest of Latin America), and Middle-East & Africa (GCC and Rest of MEA). 

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.

 

Impact of COVID-19 on Rice Starch Market

Consumer food and beverage companies face drastically reduced consumption and disrupted supply chains. Domestic consumption has increased, but consumption outside the home, which historically generates the highest margin, is practically paralyzed. There will be definite changes in consumer behavior and demand.

From industry to consumer, these supply chain issues have an impact and prevent consumers from receiving what they want. This same process of spillover also occurs in the broader context of society, technology, environment, economy, and technology that directly affect the purchasing behavior of consumers. We are seeing these behaviors change faster than ever as the world struggles to adapt to this pandemic. With restrictions on who roams outside their homes, consumers are looking for new ways to connect, like the Zoom or Houseparty apps.

People are also highly using digital processes to purchase food, groceries, and other products. Due to this uncertainty, they are prepared for an emergency, enabling retailers to ensure frictionless and accurate experiences on their online websites and mobile applications.

Leading Company

Beneo had a substantial share of the Rice Starch Market in terms of sales and revenue in 2017.

 

Leading key players involved in this research report 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.
  8. Others

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Food Grade            

                                5.1.3 Pharmaceutical Grade        

                                5.1.4 Cosmetic Grade    

                                5.1.5  Y-o-Y Growth Analysis, By Product              

                                5.1.6  Market Attractiveness Analysis, By Product            

                                5.1.7  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Baked Goods & Bakery Fillings        

                                5.2.3 Confectionery Coatings & Liquorice             

                                5.2.4 Dairy Desserts & Yoghurt  

                                5.2.5 Dairy Fruit Preparations     

                                5.2.6 Body Powder         

                                5.2.7 Dry Shampoo         

                                5.2.8 Y-o-Y Growth Analysis, By Application         

                                5.2.9 Market Attractiveness Analysis, By Application       

                                5.2.10 Market Share Analysis, By Application      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Beneo                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Ingredion                    

                8.3 Bangkok Starch Industrial Co., Ltd                     

                8.4 Asics Corporation                     

                8.5 Thai Flour Industry Co., Ltd                  

                8.6 AGRANA                      

                8.7 WFM Wholesome Foods                      

                8.8 Jiangxi Golden Agriculture Biotech Co., Ltd.                 

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By product , By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Rice Starch Market By Region, From 2020-2025 ( USD Billion )
  2. Global Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  3. Global Pharmaceutical Grade Market By Region, From 2020-2025 ( USD Billion )
  4. Global Cosmetic Grade Market By Region, From 2020-2025 ( USD Billion )
  5. Global Food Grade Market By Region, From 2020-2025 ( USD Billion )
  6. Global Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  7. Global Food and Beverages Market By Region, From 2020-2025 ( USD Billion )
  8. Global Cosmetics and Personal Care Products Market By Region, From 2020-2025 ( USD Billion )
  9. Global Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  10. North America Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  11. North America Pharmaceutical Grade Market By Region, From 2020-2025 ( USD Billion )
  12. North America Cosmetic Grade Market By Region, From 2020-2025 ( USD Billion )
  13. North America Food Grade Market By Region, From 2020-2025 ( USD Billion )
  14. North America Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  15. North America Food and Beverages Market By Region, From 2020-2025 ( USD Billion )
  16. North America Cosmetics and Personal Care Products Market By Region, From 2020-2025 ( USD Billion )
  17. North America Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  18. United States Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  19. United States Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  20. Canada Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  21. Canada Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  22. Europe Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  23. Europe Pharmaceutical Grade Market By Region, From 2020-2025 ( USD Billion )
  24. Europe Cosmetic Grade Market By Region, From 2020-2025 ( USD Billion )
  25. Europe Food Grade Market By Region, From 2020-2025 ( USD Billion )
  26. Europe Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  27. Europe Food and Beverages Market By Region, From 2020-2025 ( USD Billion )
  28. Europe Cosmetics and Personal Care Products Market By Region, From 2020-2025 ( USD Billion )
  29. Europe Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  30. U.K. Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  31. U.K. Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  32. Germany Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  33. Germany Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  34. France Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  35. France Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  36. Italy Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  37. Italy Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  38. Spain Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  39. Spain Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  40. Asia Pacific Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  41. Asia Pacific Pharmaceutical Grade Market By Region, From 2020-2025 ( USD Billion )
  42. Asia Pacific Cosmetic Grade Market By Region, From 2020-2025 ( USD Billion )
  43. Asia Pacific Food Grade Market By Region, From 2020-2025 ( USD Billion )
  44. Asia Pacific Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  45. Asia Pacific Food and Beverages Market By Region, From 2020-2025 ( USD Billion )
  46. Asia Pacific Cosmetics and Personal Care Products Market By Region, From 2020-2025 ( USD Billion )
  47. Asia Pacific Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  48. Japan Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  49. Japan Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  50. China Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  51. China Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  52. India Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  53. India Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  54. Australia Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  55. Australia Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  56. South Korea Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  57. South Korea Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  58. Latin America Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  59. Latin America Pharmaceutical Grade Market By Region, From 2020-2025 ( USD Billion )
  60. Latin America Cosmetic Grade Market By Region, From 2020-2025 ( USD Billion )
  61. Latin America Food Grade Market By Region, From 2020-2025 ( USD Billion )
  62. Latin America Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  63. Latin America Food and Beverages Market By Region, From 2020-2025 ( USD Billion )
  64. Latin America Cosmetics and Personal Care Products Market By Region, From 2020-2025 ( USD Billion )
  65. Latin America Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  66. Brazil Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  67. Brazil Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  68. Argentina Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  69. Argentina Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  70. Mexico Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  71. Mexico Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  72. Rest of Latin America Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  73. Rest of Latin America Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  74. Middle East and Africa Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  75. Middle East and Africa Pharmaceutical Grade Market By Region, From 2020-2025 ( USD Billion )
  76. Middle East and Africa Cosmetic Grade Market By Region, From 2020-2025 ( USD Billion )
  77. Middle East and Africa Food Grade Market By Region, From 2020-2025 ( USD Billion )
  78. Middle East and Africa Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  79. Middle East and Africa Food and Beverages Market By Region, From 2020-2025 ( USD Billion )
  80. Middle East and Africa Cosmetics and Personal Care Products Market By Region, From 2020-2025 ( USD Billion )
  81. Middle East and Africa Pharmaceuticals Market By Region, From 2020-2025 ( USD Billion )
  82. Middle East Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  83. Middle East Rice Starch Market By Application, From 2020-2025 ( USD Billion )
  84. Africa Rice Starch Market By Grade, From 2020-2025 ( USD Billion )
  85. Africa Rice Starch Market By Application, From 2020-2025 ( USD Billion )

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