Rice Starch Market

Global Rice Starch Market Size (2024 to 2032)

The Global Rice Starch Market was valued at USD 1.58 billion in 2023, and the global market size is expected to reach USD 2.80 billion by 2032 from USD 1.68 billion in 2024. The market's promising CAGR for the predicted period is 6.6%.

MARKET OVERVIEW

Rice starch is charcterized by tiny granules of the order of 2 to 8 μm, much lower than those of other cereals, tubers, and roots, such as corn and potatoes. Its granule size is almost similar to the size of the fat globules. Therefore, it is ideal for imitating an oily and full-bodied mouthfeel. It offers creamy textures and can serve as a natural fat substitute. It can be widely used in the food industry, the pharmaceutical industry, the chemical industry, and the cosmetic and personal care industry. In the world rice starch market, the supply of raw materials is complete. But many manufacturers have given up in recent years due to low gross product margins and the price of corn starch is lower than that of rice starch in some applications. All manufacturers around the world are committed to improving production technology. In the past two years, Chinese manufacturers have almost caught up with the world's leading technology. Like Anhui Lianhe and Anhui, Huan Tian Biotechnology Company can produce food-grade rice starch and industrial-grade rice starch. It is believed that the rice starch market is emerging, and the consumption increasing degree will show smooth growth in the rice starch market. 

REPORT COVERAGE

REGIONAL ANALYSIS

Among the regions mentioned above, Asia Pacific has become the most dominant region in the world rice starch market, followed by Europe and North America. China and Japan are among the main contributors to the growth of the Asia-Pacific Rice Starch market. The rapid growth of the personal care industry in the emerging economies of Asia Pacific is driving the growth of the Rice Starch business in the region. The application of Rice Starch in pharmaceutical and cosmetics products is also high in this region. These factors are anticipated to stimulate growth in the global Asia-Pacific Rice Starch Market during the projection period. The increasing use of various quality rice starch products in multiple applications worldwide has strengthened the growth of the worldwide rice starch market and is therefore foreseen to significantly increase the contribution to rice starch market revenue during the outlook period.

KEY PLAYERS GLOBAL RICE STARCH MARKET

Key Players in the Global Rice Starch Market are Beneo, Ingredion, Bangkok Starch, Industrial Co., Ltd, Thai Flour Industry Co., Ltd, AGRANA, WFM Wholesome Foods, Jiangxi Golden Agriculture Biotech Co., Ltd.

RECENT HAPPENINGS IN THE MARKET

• Ingredion Incorporated had announced that it had signed a definitive agreement to acquire the rice starch and rice flour businesses of Sun Flour Industry Co, Ltd., based in Banglen and Thailand. The acquisition supports Ingredion's global strategy to grow its higher-value specialty ingredient business and has been approved by the company's board of directors.
•  Ingredion Inc. acquired the business of Western Polymer, a private producer of native and modified potato starch for food and industrial applications. The financial terms of the transaction have not been disclosed. Founded in 1952, Western Polymer is headquartered in Moses Lake, Washington, and operates three United States.
• Ingredion has sought acquisitions, including starch suppliers, drawing on its expertise in texture systems. In 2015, the company completed the acquisition of Penford Corp., a supplier of specialty ingredients, including potato starch. Ingredion's portfolio now includes more than 25 native Novation functional starches intended to provide the textured and tolerant performance of modified starch with a clean alternative, according to the company.
• BENEO, a manufacturer of natural food ingredients, has expanded its Remypure portfolio with the launch of its second native functional rice starch, Remypure S52. BENEO's exclusive production process improves the functional properties of Remypure rice starches without the use of chemicals, achieving performance comparable to or better than modified food starches.
• In October 2019, Ingredion launched a new line of organic tapioca and rice starches, which are the company's first certified natural products to be manufactured in the Asia Pacific and available worldwide. Purity Bio starches are designed to meet the needs of customers in the Asia-Pacific region, both in terms of product development and operational efficiency, Ingredion says.

DETAILED SEGMENTATION OF GLOBAL RICE STARCH MARKET INCLUDED IN THIS REPORT    

This research report on the global rice starch market has been segmented and sub-segmented based on Product, Application, and region.        

By Product

• Food Grade
• Pharmaceutical Grade
• Cosmetic Grade

By Application

• Baked Goods & Bakery Fillings
• Confectionery Coatings & Liquorice
• Dairy Desserts & Yoghurt
• Dairy Fruit Preparations
• Body Powder
• Dry Shampoo
• Other     

By Region

• North America Europe
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa