Global Rice Starch Market to Grow at a CAGR of 6% During 2024-2032, Driven by the Extensive Use of the Product Across Various Sectors

The market for rice starch is increasing owing to the extensive use of the product in the food industry, chemical industry, pharmaceutical industry, and cosmetic industry. Rice starch is used in a range of products like jarred baby foods, processed food mixes, and pharmaceutical medicines. The rising demand for these products, due to increasing disposable incomes, rapid urbanisation, and lifestyle shifts, is aiding the market growth of rice starch. The product is in high demand as it provides a smooth and creamy texture to several prepared foods, consequently augmenting the market growth.

The food-grade segment holds a significant share of the market and is expected to grow rapidly. This is expected to propel the market growth in the forecast period. Further, the product is extensively used by the cosmetic and personal care products manufacturers on a large scale. Hence, the rice starch industry is predicted to accelerate over the forecast period.

In 2017, Ingredion Incorporated (NYSE: INGR), which is an American ingredient provider and a major player in the industry, completed its acquisition of rice ingredients business, which includes rice starch and rice flour from Sun Flour Industry Co, Ltd., which is based in Banglen, Thailand. Such acquisition and mergers are expected to provide a further push to the rice starch industry.

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Market Analysis by Type, Application, and Region:

• The rice starch industry, on the basis of type, is divided into native and modified, among others.

• Based on application, the industry can be segmented into food and beverages, pharmaceuticals, cosmetics and personal care, and textiles, among others.

• Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global rice starch industry is being driven by the inflating disposable income of the growing population.

• Further, changing lifestyles and growing urbanisation are influencing the market growth.

• Rising incomes of the young consumers who like to experiment with their taste buds are catalysing the market growth as they are increasingly demanding new products containing rice starch.

• Also, the increasing use of rice starch in cosmetics and personal care is aiding the market growth.

• The rising demand for products that are natural, organic, and benefit the health, is further expected to boost the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for rice starch for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, applications, and regional markets of rice starch. 

• It gives an in-depth look at the regional price trends in the global rice starch industry.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Ingredion Incorporated, AGRANA Beteiligungs-AG, Bangkok Starch Industrial Co., Ltd., Thai Flour Industry Co., Ltd, Herba Ingredients BV, and Jiangxi Golden Agriculture Biotech Co., Ltd., among others, are the key players in the global rice starch market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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