Global Rice Starch Market Report and Forecast 2024-2032

Global Rice Starch Market Outlook

The global rice starch market witnessed a healthy growth in the historical period of 2018-2023 aided by the growth of the overall starch industry, which attained a volume of 109.57 million metric tons in 2023. The global market for rice starch is estimated to grow at a CAGR of 6% in the forecast period of 2024-2032.

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The Asia Pacific Presents Significant Growth Opportunities for the Rice Starch Industry

Region-wise, the Asia Pacific market is a significant market for rice starch. This is attributed to the rapid urbanisation, rising disposable incomes, and growing population in the region. Countries such as India and China exhibit high potential for the market growth. Europe and North America are also major regions for the rice starch industry. The expanding market for rice starch within these regions is due to the rising use of a range of rice starch grade products in extensive applications. The market is further expected to have a surge in demand over the forecast period.

Within the applications segment, the cosmetic industry has a significant share. Rice starch cosmetic grade is used extensively on a large scale in the production of cosmetics and personal care products, which is aiding the growth of the rice starch industry.

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Rice Starch: Market Segmentation

Rice starch refers to small granules, which range from 2-8 µm, much smaller to other tubers, cereals, and roots. It provides a creamy consistency and acts as a natural fat replacer in various products.

On the basis of type, the market is divided into:

• Native
• Modified
• Others

Based on application, the industry can be segmented into:

• Food and Beverages
• Pharmaceuticals
• Cosmetics and Personal Care
• Textiles
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand from Various Industries to Aid the Global Market Growth for Rice Starch

The rice starch industry is being driven by the rising population globally. In addition, the market is positively influenced by the increasing disposable incomes, changing lifestyles, and growing urbanisation. The rising youth population is also enhancing the market growth as the individuals are keen to try the new items prepared by the use of rice starch; as a result, boosting the market growth. The market is further aided by the rising demand in the cosmetics and personal care industry. The industry is also positively impacted by the various grades of the product, which are used extensively in applications, such as cosmetics and personal care products, pharmaceuticals, and others. Moreover, the growing inclination towards natural quality, organic, and health beneficial products owing to their rising awareness, is expected to facilitate the market growth of rice starch in the forecast period.

Key Industry Players in the Global Rice Starch Market

The report gives a detailed analysis of the following key players in the global rice starch market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Ingredion Incorporated
• AGRANA Beteiligungs-AG
• Bangkok Starch Industrial Co., Ltd.
• Thai Flour Industry Co., Ltd
• Herba Ingredients BV 
• Jiangxi Golden Agriculture Biotech Co., Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report