Global Rice Starch Market, By Type (Native, Modified, and Others), Nature (Conventional and Organic), Product (Food Grade, Cosmetic Grade, and Pharmaceutical Grade), Application (Bakery Goods and Bakery Fillings, Confectionary Coatings and Liquorice, Dairy Dessert and Yogurt, Dairy Fruit Preparations, Body Powder, Dry Shampoo, and Others) – Industry Trends and Forecast to 2031.
Rice Starch Market Analysis and Size
The rice starch market is witnessing significant advancement with the adoption of the latest methods and technologies, fueling its growth. Innovations in extraction techniques and processing machinery are enhancing efficiency and quality. Increased utilization across industries such as food, pharmaceuticals, and textiles is propelling market expansion. This trend underscores the dynamic evolution and promising future of the rice starch sector.
The global rice starch market size was valued at USD 209.72 million in 2023 and is projected to reach USD 363.05 million by 2031, with a CAGR of 7.1% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Native, Modified, and Others), Nature (Conventional and Organic), Product (Food Grade, Cosmetic Grade, and Pharmaceutical Grade), Application (Bakery Goods and Bakery Fillings, Confectionary Coatings and Liquorice, Dairy Dessert and Yogurt, Dairy Fruit Preparations, Body Powder, Dry Shampoo, and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Cargill, Incorporated (U.S.), Dow (U.S.), BASF SE (Germany), Novozymes A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Novus International, Inc. (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Nutreco (Netherlands), ForFarmers (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes, Inc. (U.S.), Kent Nutrition Group (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch Peck Feeds (U.S.), MEGAMIX (Russia), and Agrofeed (Hungary)
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Market Opportunities
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Market Definition
Rice starch is a fine, powdery substance extracted from rice grains. It is composed of carbohydrates, primarily amylose and amylopectin, and is often used in food manufacturing as a thickening agent, stabilizer, or filler. Rice starch is prized for its neutral flavor and translucent appearance, making it suitable for various culinary applications, including sauces, soups, and desserts.
Rice Starch Market Dynamics
Drivers
- Increasing Demand in Food Industry
The escalating demand for processed and convenience foods worldwide is propelling the market for rice starch, renowned for its role as a versatile thickening agent and texture enhancer. In soups, sauces, desserts, and baked goods, rice starch contributes to desired textures and stability. With consumers increasingly opting for ready-to-eat and easy-to-prepare meals, the use of rice starch as a key ingredient continues to surge, driving market growth exponentially.
- Expanding Applications in Non-Food Industries
The expanding applications of rice starch beyond the food industry are driving market growth. In pharmaceuticals, it acts as a versatile ingredient, serving as a binder, disintegrant, and filler in tablet formulations. Cosmetics benefit from its thickening properties, enhancing the texture of creams, lotions, and powders. Additionally, the textile industry relies on rice starch for sizing, finishing, and printing applications, further diversifying its market demand and opportunities for growth.
Opportunities
- Increasing Sustainable and Ethical Sourcing Practices
The rice starch market is witnessing a surge due to growing consumer demand for sustainable and ethical sourcing practices. Manufacturers are embracing initiatives such as promoting organic farming, reducing water and energy consumption in processing, and ensuring fair trade practices. For example, a company in Thailand has shifted to organic rice farming methods, significantly reducing pesticide use and promoting biodiversity, thereby meeting consumer expectations for environmentally friendly products and driving market growth.
- Growing Health Conscious Consumers
The surge in health-conscious consumer preferences is propelling the rice starch market. As people increasingly seek natural, gluten-free alternatives, rice starch emerges as a preferred choice. Its non-allergenic properties and clean label appeal make it a healthier substitute for wheat and corn-based starches. This trend is exemplified by the growing demand for gluten-free bakery products, where rice starch is a key ingredient, reflecting its rising market prominence.
Restraints/Challenges
- Price volatility of raw materials
Price volatility of raw materials such as rice, driven by weather, demand shifts, and geopolitical events, hampers rice starch production costs. Manufacturers struggle to manage these fluctuations, impairing their ability to maintain competitive pricing. This instability undermines market stability and profitability, posing a persistent challenge to the rice starch industry.
- Competition from other starch sources
Competition from alternative starch sources such as corn, wheat, and potato presents a significant challenge to the rice starch market. Price fluctuations and supply chain disruptions in these competing sources can negatively impact the demand for rice starch, posing a barrier to market growth. This competition creates a volatile environment where rice starch struggles to maintain its position, leading to uncertainty and potential market instability.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In May 2022, Ingredion Inc introduced organic native starches sourced from rice, ideal for various food products such as frozen ready-meals and sauces due to their thickening properties. These functional native starches align with consumer expectations, boosting competition and driving sales
- In July 2021, BENEO expanded its remypure portfolio with a second native functional rice starch, utilizing an exclusive production process to enhance functional properties without chemicals, ensuring performance comparable to or better than modified starch
- In July 2020, Ingredion Incorporated completed the expansion of its rice manufacturing facility in Banglen, Thailand, aimed at meeting the global demand for rice-based ingredients
- In August 2020, BENEO broadened its portfolio with novel ingredients, Remyline O AX DR and Orafti Organic, catering to bakery, dairy, and other food products, enhancing texture and taste while meeting consumer preferences
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Rice Starch Market Scope
The market is segmented on the basis of type, nature, product, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Native
- Modified
- Others
Nature
- Conventional
- Organic
Product
- Food Grade
- Cosmetic Grade
- Pharmaceutical Grade
Application
- Bakery Goods and Bakery Fillings
- Confectionary Coatings and Liquorice
- Dairy Dessert and Yogurt
- Dairy Fruit Preparations
- Body Powder
- Dry Shampoo
- Others
Rice Starch Market Regional Analysis/Insights
The market is analyzed, and market size insights and trends are provided by country, type, nature, product, and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America is expected to dominate the rice starch market, led by the United States. This dominance is fueled by the region's thriving agriculture industry and the presence of key grain-producing corporations. These factors contribute to significant growth and market leadership in the rice starch sector.
Asia-Pacific is expected to be the fastest-growing region in the rice starch market, with China leading the surge. This growth is propelled by the region's increasing technological advancements, fostering enhanced production and utilization of rice starch across various industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rice Starch Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Cargill, Incorporated (U.S.)
- Dow (U.S.)
- BASF SE (Germany)
- Novozymes A/S (Denmark)
- DSM (Netherlands)
- DuPont (U.S.)
- Novus International, Inc. (U.S.)
- Alltech (U.S.)
- Associated British Foods plc (U.K.)
- Charoen Pokphand Foods PCL (Thailand)
- Nutreco (Netherlands)
- ForFarmers (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Land O'Lakes, Inc. (U.S.)
- Kent Nutrition Group (U.S.)
- Perdue Farms (U.S.)
- SunOpta (Canada)
- Scratch Peck Feeds (U.S.)
- MEGAMIX (Russia)
- Agrofeed (Hungary)
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