Over the next five years the Rice Starch market will register a 6.1% CAGR in terms of revenue, the global market size will reach US$ 245.5 million by 2027.
Rice Starch Market Overview
Rice starch is characterized by very small granules in the range of 2-8 ?m, being much smaller than those of other cereals, tubers and roots, such as corn and potato. Its granule size is comparable to the size of fat globules, therefore ideally suited to mimic a full bodied fatty mouthfeel. It provides creamy textures and can serve as natural fat replacer. It can be widely used in food industry, pharmaceutical industry, chemical industry and Cosmetic & Personal Care Industry Care industry.
Rice starch can be classified into two types: food grade rice starch and industry grade rice starch. Food grade rice starch is widely used in food industry and pharmaceutical industry. Industry grade rice starch is widely used in cosmetic industry, papermaking industry, spinning industry and other industries.
Major raw materials for rice starch are rice and caustic soda. On the global market, supply of raw materials is very full. But many manufacturers discontinued in recent years due to the product gross margin are low and the price of corn starch is lower than rice starch in some application.
All manufacturers in the world are committed to the improvement of production technology. In recent two years, Chinese manufacturers can almost catch up with the world's leading technology. Such as Anhui Lianhe and Anhui Le Huan Tian Biotechnology company can produce food grade rice starch and industry grade rice starch.
We tend to believe this industry is an emerging industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
The report also assesses the key opportunities in the Rice Starch market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Rice Starch Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Who are the Major Players in the Rice Starch Market?
The global Rice Starch includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include BENEO, Ingredion Incorporated (NYSE INGR), Bangkok starch, Thai Flour, AGRANA Beteiligungs- Aktiengesellschaft (Vienna :AGR.VI), WFM Wholesome Foods, and others
Recent Development:
Ingredion Broadens Organic Ingredient Solutions Lineup
WESTCHESTER, Illinois, USA (July 15, 2020) – PURITY Bio 201 organic native corn starch, PURITY Bio 301 organic native tapioca starch, and PURITY Bio 805 organic native waxy rice starch were announced today at SHIFT20 by Ingredion Incorporated, a leading global provider of ingredient solutions to a diverse range of sectors.
The PURITY Bio line of organic native starches provides a compelling value proposition for food makers looking to switch to a more appealing "organic" maize, rice, or tapioca starch label and make associated claims. The high-performing, certified organic starches can help producers replace unwanted components in existing goods and develop new products with shorter lists of more known names to increase product appeal and reduce costs.
What are the major Applications, Types, and Regions of the Rice Starch Market?
Rice Starch Market is segmented based on the type, applications, companies and regions.
By Type, Rice Starch Market has been segmented into
- Food Grade Rice Starch
- Industry Grade Rice Starch
The end user’s industry application on Rice Starch Market is,
- Food Industry
- Pharmaceutical Industry
- Cosmetic & Personal Care Industry
- Others
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.
What is our Rice Starch Market report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2022-2027. The report presents the analysis of Rice Starch Market for the historical period of 2017-2021 and the forecast period of 2022-2027.
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 6.1% during the review period (2022 to 2027).
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By Type
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- Food Grade Rice Starch
- Industry Grade Rice Starch
- Others
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By Application
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- Food Industry
- Pharmaceutical Industry
- Cosmetic & Personal Care Industry
- Others
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By Companies
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BENEO, Ingredion Incorporated (NYSE INGR), Bangkok starch, Thai Flour, AGRANA Beteiligungs-Aktiengesellschaft (Vienna :AGR.VI), WFM Wholesome Foods,
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Regions Covered
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• North America
• Europe
• Asia-Pacific
• Rest of the World
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Countries Covered
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• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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99
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Rice Starch Report
- Evaluate Rice Starch market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Rice Starch market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Rice Starch Market is studied from 2017 - 2027.
Who are the key players in Rice Starch Market?
BENEO, Ingredion Incorporated (NYSE INGR), Bangkok starch, Thai Flour, AGRANA Beteiligungs-Aktiengesellschaft (Vienna :AGR.VI), WFM Wholesome Foods, Golden Agriculture, Anhui Lianhe, Anhui Le Huan Tian Biotechnology and others.
What are the significant types of Rice Starch Market?
Food Grade Rice Starch, Industry Grade Rice Starch, Others
What are the major end-use applications of the Rice Starch Market?
Food Industry, Pharmaceutical Industry, Cosmetic & Personal Care Industry, Others, Others.
What segments are covered in the Rice Starch Market report?
The Global Rice Starch Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Rice Starch Market?
The sample report for the Rice Starch Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
