Rice Starch Market Expanding at 6.0% CAGR, Expected to Reach $932.0 Million by 2031

The global rice starch industry garnered $520.4 million in 2021, and is estimated to generate $932.0 million by 2031, manifesting a CAGR of 6.0% from 2022 to 2031.

Due to its small granule size and low gelling temperature, waxy rice starch offers good water binding performance at low process temperatures of roughly 70-80°C, which serves as a potential opportunity for the expansion of the global rice starch market. In 2020, rice export prices spiked by 25% swiftly, putting the food security of countries that rely on rice imports in jeopardy similar to price shocks observed globally.

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Consumers nowadays have less time to take proper care of their diet, resulting in low Vitamin B consumption. Therefore, consumers are increasingly opting for rice starch in order to fulfill their nutritional needs. This is expected to boost the demand for rice-based products, thereby contributing positively to the growth of the rice starch market.

Rice starch is an insoluble white powder derived from rice. In addition, it contains Vitamin B, Vitamin C, and minerals which provide benefits to the human body. Moreover, it is widely used in the food & beverage industry, cosmetic & personal care industry, paper industry, pharmaceutical industry, textile industry, animal feed industry as well as laundry industry and is expected to increase in the rice starch market forecast period.

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The research provides detailed segmentation of the global rice starch market based on type, form, nature, end use, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly two-fifths of the global rice starch market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the same region is expected to manifest the fastest CAGR of 6.5% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

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Leading market players of the global rice starch market analyzed in the research include Bangkok Starch Industrial Co., Ltd., Ingredion Incorporated, JiangXi Golden Agriculture Biotech Co., Ltd., Thai Flour Industry Co., Ltd., Shafi Gluco Chem (Pvt.) Ltd., Trulux Pty Ltd., Aromantic Ltd., A & B Ingredients, Ettlinger Corporation, Sacchetto SpA, Tiba Starch & Glucose Manufacturing Co., Herba Ingredients, Pruthvi's Foods Private Limited, Starch Asia, Burapa Prosper, WFM Starch Products, Wuxi Jinnong Biotechnology Co., Ltd., BENEO GmbH, AGRANA Beteiligungs-AG, and Anhui Shunxin Shenyuan Biological Food Co. Ltd.

The report provides a detailed analysis of these key players of the global rice starch market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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