Download Free Sample
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Rice Starch Market: By Type, By Application, By Sales channel, and Geography
Rice Starch Market: By Type, By Application, By Sales channel, and Geography
Rice Starch Market size was valued at US$ 189.9 million in 2022. it is expected to reach US$ 354.8 million by 2029, growing at a CAGR of 6.4% from 2023-2029. The rice starch market is being driven globally by the growing population. Moreover, raising disposable incomes, evolving lifestyles and increasing urbanization are positively affecting the sector. As individuals are willing to try the new products prepared through the use of rice starch, the growing youth population also boosts demand development, as a result, boosting consumer growth. In the cosmetics and personal care sector, the market is further assisted by increasing demand. However, availability of substitute like corn starch is the main factors that hinder the market. The global rice starch market report provides a comprehensive outlook on rice starch worldwide with specific focus on key region such as North America, Europe, Asia Pacific, Latin America and MEA. This report gives historical, current and future market size (US$ Mn) on the basis of type, application, sales channel, and geography. This study analyses the global rice starch market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs. In March 2019, Ingredion Inc. acquired the business of Western Polymer, a private producer of native and modified potato starch for food and industrial application. In October 2019, Ingredion launched a new line of organic tapioca and rice starches, which are the first certified natural products to be manufactured in Asia-Pacific and available worldwide.
Study Period
2024-2030Base Year
2023CAGR
6.4%Largest Market
Asia-PacificFastest Growing Market
Europe
Growing demand for rice starch in different cosmetics and personal care products along with the food and beverage industry are driving factors in the global market, some of which are important driving factors for market growth. In the current market scenario, the major driver behind growing demand for rice starch is due to its different grades, which are mainly used in applications such as pharmaceuticals, cosmetics, personal care products and others. Consumers are now mainly affected by that commodity that has natural quality, organic in nature and also good for their wellbeing, because of which it has higher demand among the world’s growing economies. On the other hand, rice starch powder is fashionable on the market due to its broad application in pharmaceuticals, cosmetics and food and beverage products, as per the current market trend.
Asia Pacific has grown, followed by Europe and North America, as the most dominant area in the global market for rice starch. The growth of the global rice starch market has been strengthened by the growing use of various rice starch grade products in different applications worldwide and the revenue contribution of the market is therefore expected to increase significantly over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2022 |
US$ 189.9 million |
|
Market Size in 2029 |
US$ 354.8 million |
|
Market CAGR |
6.4% |
|
By Type |
|
|
By Application |
|
|
By Sales Channel |
|
|
By Region |
|
Download Free Sample Report
The rice starch market is projected to expand at a CAGR of 6.4% during the forecast period.
Aromantic Ltd, Bangkok Starch Industrial Co., Ltd., Burapa Prosper, Ettlinger Corporation, Herba Ingredients, Ingredion Incorporated, Dow, BASF, Hansen Holding, DSM, DuPont, Evonik Industries
North America is the fastest-growing region for rice starch market
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.