Rice Starch Market Report

Market Insights

The Global 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.

Figure: Global Rice Starch Market Size, 2020-2026 (USD Million)

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What is Rice starch?

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.  

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), and
• Starch Asia (Thailand).

Market Segmentation

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.

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.

COVID-19 Impact on Global Rice Starch Market

The outbreak of COVID-19 has significantly impacted the supply chains, international trade, and manufacturing operations across the world. The production of rice starch has declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus.

Additionally, the lack of availability of raw materials owing to supply disruptions has resulted in a decline in production. However, with the lift of lockdown the market has gained pace and is likely to grow at significant CAGR during the review period.

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Critical Questions Answered in the Report

• What are the key trends in the global rice starch market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global rice starch market?
• What are the key strategies adopted by the major vendors to lead in the global rice starch market?
• What is the market share of the top vendors?

Target Audience

Here is the list of audience that the Rice Starch market hopes to have the greatest opportunity to convert-

• Rice starch manufacturers
• Rice starch suppliers
• Rice starch distributors
• Logistics organizations
• Government Bodies

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].