Rice Starch Market is Booming Across the Globe, Explores the Latest Report
April 29, 2022
Apr 29, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Rice Starch Market.
It was estimated prior to this unanticipated outbreak that the Rice Starch Market is estimated to grow from USD 173.4 million in 2020 to USD 246.5 million by 2026 at a healthy CAGR of 6.1% during the forecast period. Rice starch is a polymeric carbohydrate. It is an insoluble white powder that consists of amylopectin and amylose. It has a neutral taste and thus, preserves the authentic taste of the food products. It is being widely used in the food processing industry. It offers superior benefits such as texture stability over the shelf life of the products, helps create clean and simple labels, helps create a rich and creamy texture, and transparent gel.
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Market Dynamics
The global rice starch market is expected to grow at around 6.1% CAGR during the review period.
- Expanding the food & beverage industry with rising food demand coupled with expanding populace is expected to drive the market growth at a significant rate.
- Growing demand for organic products in the food and personal care & cosmetics industry is likely to add to the market growth.
- Additionally, increasing emphasis on developing new products by the market players is witnessed to bolster the market growth considerably.
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Market Segmentation
End User Trends
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 likely to dominate the market in the coming years owing to the widespread 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.
Regional Trends
Asia Pacific held the largest market share in 2020 and is expected to grow at a fastest CAGR during the review period.
- The market growth can be attributed to growing food & beverage industry and increase in spending on organic personal care products.
- The market growth in developed regions is driven by presence of established end-use industries particularly pharmaceuticals owing to rising geriatric populace and high spending on healthcare.
Key Players:
Key players operating in the global Rice Starch market are-
- Ingredion Incorporated (The U.S.),
- The Agrana Group (Austria),
- Thai Flour Industry Co.,Ltd. (Thailand),
- Jiangxi Golden Agriculture Biotech Co., Ltd. (China),
- Herba Ingredients B.v (Netherlands),
- BENEO (Germany),
- WFM Starch, Products (South Africa),
- Cargill, Incorporated (The U.S.),
- Tiba Trade (Egypt),
- Starch Asia (Thailand).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Rice Starch analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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