The global rice starch market size was valued at USD 189.9 million billion in 2021 and is poised to grow at a significant CAGR of 6.4% during the forecast period 2022-28. Rice starch is distinguished by small granules with a diameter of 2-8 m, which is significantly smaller than that of other tubers, cereals, and roots such as potato and maize. Rice starch is a fine-grained, flavourless powder made from the processing of raw rice. Rice starch also adds a creamy mouthfeel and acts as a natural fat substitute. Rice starches can be found in a variety of industries, including food, pharmaceuticals, chemicals, and cosmetics. Pharmaceutical drugs, industrial meal mixes, and jarred infant foods are all made with rice starch. Traditional powdered gelatine can be replaced with modified rice starch, which is a popular vegan replacement. Rice starch gives sauces and soups a smooth, creamy texture. When rice starch is extracted, a substantial amount of protein and fibre is left behind.
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Growing demand for rice starch in a variety of products in the projection period of 2020-2027, the rice starch market will be influenced by the food and beverage industry, as well as cosmetics and personal care goods. The need for rice starch will increase as the application area of medications expands. Consumers' increasing attention on items that are of natural quality, organic in nature, and also excellent for one's health, as well as the use of rice starch, are likely to boost the market. In the projected period, however, the rising popularity of rice starch and its wide range of applications in cosmetics, pharmaceuticals, and food and beverage items will open up new prospects for the rice starch market.
The global rice starch market segmentation:
1) By Type: Food Grade Rice Starch and Industry Grade Rice Starch.
2) By Application: Food industry, pharmaceutical industry, Cosmetics & Personal care industry, and others.
3) By Sales channel: Direct channel and Distribution channel.
In terms of region, the Asia Pacific market for rice starch is substantial. This is due to the region's fast urbanisation, rising disposable incomes, and expanding population. India and China, for example, have a lot of market growth potential. Europe and North America are also important markets for rice starch. The increased use of a variety of rice starch grade products in a variety of applications is fueling the growth of the rice starch market in these countries. Over the projection period, the market is expected to see an increase in demand.
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There are several industry players working in the Rice Starch Market, which include ВЕNЕО, Іngrеdіоn, Ваngkоk ѕtаrсh, Тhаі Flоur, АGRАNА, WFМ Whоlеѕоmе Fооdѕ, Gоldеn Аgrісulturе, Аnhuі Lіаnhе, Аnhuі Lе Нuаn Тіаn Віоtесhnоlоgу
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