Rice Starch Market Report
Global Rice Starch Market, Dynamics, Market Analysis See less
Global Rice Starch Market, Dynamics, Market Analysis
The Global Rice Starch Market report is segmented By Type (Native, Modified), By Grade (Food Grade, Industry Grade), By Application (Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Others) and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Rice Starch market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
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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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 operating in the global Rice Starch market are-
The global rice starch market is expected to grow at around 6.1% CAGR during the review period.
Based on end user, the market has been segmented into food and beverages, pharmaceuticals, cosmetics and personal care, and others.
Asia Pacific held the largest market share in 2020 and is expected to grow at a fastest CAGR during the review period.
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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Here is the list of audience that the Rice Starch market hopes to have the greatest opportunity to convert-
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The rice starch market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.
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) are among the key players in the rice starch market.
The rice starch market size is expected to reach an estimated value of USD 246.5 million in the coming years.
Asia-pacific is expected to grow at the fastest CAGR in the rice starch market during the forecast period.
The food & beverage segment is expected to remain dominant in the rice starch market over the next five years.
Expanding the food & beverage industry with rising food demand coupled with expanding populace, growing demand for organic products in the food and personal care & cosmetics industry, increasing emphasis on developing new products by the market players are the factors driving the growth of rice starch market.