Global Rice Starch Market, By Product (Food Grade, Cosmetic Grade, and Pharmaceutical Grade), Application (Bakery Goods & Bakery Fillings, Confectionary Coatings & Liquorice, Dairy Dessert & Yogurt, Dairy Fruit Preparations, Body Powder, Dry Shampoo, and Others) - Industry Trends and Forecast to 2030.
Rice Starch Market Analysis and Size
Due to its potential health benefits, rice starch has recently gained popularity among consumers. Rice starch contains healthy minerals as well as a variety of other nutrients that are essential for human health. Rice starch also promotes healthy blood sugar levels by reducing insulin resistance, a risk factor for type 2 diabetes.
Data Bridge Market Research analyses that the global rice starch market was valued at USD 195.82 million in 2022 and is expected to reach the value of USD 314.31 million by 2030, at a CAGR of 7.1% during the forecast period of 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Rice Starch Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Food Grade, Cosmetic Grade, and Pharmaceutical Grade), Application (Bakery Goods & Bakery Fillings, Confectionary Coatings & Liquorice, Dairy Dessert & Yogurt, Dairy Fruit Preparations, Body Powder, Dry Shampoo, and Others)
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Countries Covered
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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, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa
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Market Players Covered
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Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (USA), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
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Market Opportunities
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Market Definition
Rice starch is a polymeric carbohydrate. It is a white powder that is insoluble and made up of amylopectin and amylose. It has a neutral taste and thus preserves the natural flavor of the food. It is widely employed in the food processing industry. It provides superior benefits such as texture stability throughout the product's shelf life, aids in the creation of clean and simple labels, aids in the creation of a rich and creamy texture, and transparent gel.
Global Rice Starch Market Dynamics
Drivers
- Health Benefits Associated with Consumption of Rice Starch
Rising awareness of rice starch's numerous health benefits has increased its consumption. High demand for low-fat and high-nutritional-content foods and beverages is fuelling market growth. Furthermore, the World Health Organization (WHO) and the American Heart Association have approved the use of rice starch, claiming that its monounsaturated, polyunsaturated, and saturated fats composition is much safer than that of most other alternatives.
- Consumers are Primarily Influenced by Products that are of Natural Quality and Organic in Nature
The increasing demand for rice starch in various cosmetics and personal care products and the food and beverage industry are some of the essential driving factors for the market's growth. The various grades of rice starch used in applications such as pharmaceuticals, cosmetics, and personal care products, among others, are significant drivers of increasing demand in the current market scenario. Nowadays, consumers are primarily influenced by-products of natural quality, organic in nature, and also beneficial to their health, resulting in increased demand among the world's growing economies.
Opportunity
- Meeting the Growing Demand for Gluten-Free and Allergen-Free Products
The global rice starch market is presented with a significant opportunity as the demand for gluten-free and allergen-free products continues to rise. Consumer preferences are shifting towards dietary choices that accommodate gluten intolerance, allergies, and overall health and wellness. In this context, rice starch, a naturally gluten-free and allergen-free ingredient, is uniquely positioned to fulfill these demands and unlock substantial market growth.
Restraints
- Growing Lactose Intolerance among the Population
A notable constraint facing the global rice starch market is the escalating incidence of lactose intolerance among the global population. Lactose intolerance is a prevalent digestive disorder characterized by the inability to effectively digest lactose, the sugar present in milk and dairy products. This trend carries implications for the rice starch market, presenting challenges that need to be addressed.
This Rice starch market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Rice starch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In July 2020, Ingredion Incorporated completed the expansion of its rice manufacturing facility in Banglen, Thailand, to cater to consumers across the world.
- In August 2020, BENEO expanded its rice starch and chicory root fiber product portfolio and unveiled its two novel ingredients - Remyline O AX DR and Orafti Organic. Common usage is to enhance the texture and taste of bakery & dairy products, soups, sauces, and dressings.
Global Rice Starch Market Scope
Rice starch market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre 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 applications.
Product
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
Application
- Pharmaceuticals
- Bakery Goods & Bakery Fillings
- Confectionary Coatings & Liquorice
- Dairy Dessert & Yogurt Dairy Fruit Preparations
- Body Powder
- Dry Shampoo
- Others
Global Rice Starch Market Regional Analysis/Insights
Global rice starch market is analysed and market size insights and trends are provided by country, end user, sales channel and application as referenced above.
The countries covered in the global rice starch market report 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, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.
The United States dominates the North America rice starch market due to the growth of the agriculture industry and the prevalence of major grain producing companies.
China is expected to grow at the fastest rate in the Asia-Pacific rice starch market due to the region's growing number of technological advancements.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Rice Starch Market Share Analysis
Global rice starch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global rice starch market.
Some of the major players operating in the global rice starch market are:
- Cargill, Incorporated (U.S.)
- Dow (U.S.)
- BASF SE (Germany)
- Chr. Hansen Holding A/S (Denmark)
- DSM (Netherlands)
- DuPont (U.S.)
- Evonik Industries AG (Germany)
- NOVUS INTERNATIONAL (U.S.)
- Alltech (U.S.)
- Associated British Foods plc (U.K.)
- Charoen Pokphand Foods PCL (Thailand)
- Nutreco (Netherlands)
- ForFarmers (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Land O'Lakes (U.S.)
- Kent Nutrition Group (U.S.)
- J. D. HEISKELL & CO. (U.S.)
- Perdue Farms (U.S.)
- SunOpta (Canada)
- Scratch Peck Feeds (U.S.)
- De Heus Animal Nutrition (Netherlands)
- MEGAMIX (Russia)
- Agrofeed (Hungary)
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