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Rice Starch Market

Market Study on Rice Starch: Manufacturers Looking to Increasing Organic Product Offerings

Rice Starch Market Segmented By Native, Modified Type in Organic and Conventional Nature

Rice Starch Market Outlook (2022-2032)

During the forecast period (2022-2032), the global rice starch market is anticipated to expand at a high CAGR of 6.5% and increase from its current size of US$ 960 Mn in 2022 to US$ 1.8 Bn by the end of 2032.

The top 5 manufacturers of rice starch in the world account for 35% to 40% market share, as per detailed industry analysis by Persistence Market Research.

Rice Starch Market Size (2022E)

US$ 960 Mn

Projected Sales of Rice Starch (2032F)

US$ 1.8 Bn

Value CAGR (2022-2032)

6.5%

Value Share of Top 5 Countries (2022A)

~36.5%

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Rice Starch Consumption Analysis (2017-2021) Vs. Market Projections (2022-2032)

Rice starch is characterized by small granules with diameters ranging from 2 to 8 µm, which are substantially smaller than those found in other tubers, breakfast cereals, and roots. Rice starch is a fine-grained, powder produced by digesting raw rice. Rice starch adds a creamy texture and acts as a natural fat substitute.

Historically from 2017-2021, the global market for rice starch registered a compounded annual growth rate (CAGR) of 4.7%.

Rising middle-class lifestyles and increasing urbanization have resulted in the growing demand for bakery and convenience processed foods across the world, which is, in parallel, driving the demand for rice starch.

Rice starch is witnessing greater demand growth traction in the food and beverage industry and cosmetics & personal care industry due to the ever-rising demand for organic food products. Key factors that have propelled the global market in recent years have been improvements in the standard of living, rising emphasis on developing new products by manufacturers, and growing disposable income across the world.

The global market for rice starch is expected to exhibit significant growth and register a CAGR of 6.5% over the forecast period of 2022-2032.

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How is Rice Starch Market Growth Being Influenced?

“Increasing Consumption of Convenience & Processed Food”

Convenience food product demand has increased significantly over the years owing to busier lives and rising consumer disposable income. As a result, the usage of clean label starch in various ready-to-mix food products has increased.

The ratio of amylose to amylopectin affects starch gelling, binding, and thickening. Various breeding techniques allow these ratios to be adjusted as needed. As a result, starch has become a priority in the preparation of convenience foods.

Moreover, the food sector is the world's fastest-growing industry, with exports expanding in emerging areas while simultaneously boosting its presence in existing markets. Food manufacturers are adopting and developing novel processing methods to meet the increasing demand for convenient, healthy, and functional foods.

Furthermore, in recent years, there has been an increase in demand for clean-labeled and organic products, globally.

“Shift toward Sustainable & Organic Food Options”

Organic and sustainable diets are gaining popularity as new consumer trends. People are choosing more sustainable food products as they become more aware of the importance of maintaining a healthy lifestyle. Furthermore, as people's attitudes against animal-based and chemical-based food products become more negative, they are stressing sustainable diets. Consumer impressions of organic products are showing in their ever-changing purchasing patterns.

The health and well-being benefits of chemical-free products are essential drivers of the organic food ingredients market, which is thereby driving demand for organic rice starch across the world.

“Increasing Utilization of Modified Rice Starch Targeting Vegan Consumers”

Modified rice starch is a popular vegan replacement for regular powdered gelatin. Rice starch adds a smooth, creamy texture to soups and sauces. Rice starch extraction yields a significant amount of protein and fiber residue. Furthermore, numerous key companies in this sector are focusing on launching organic products to gain new consumers.

Moreover, low-fat dairy beverages have a smooth texture and a full, creamy flavor. Modified and clean-label rice starch provides stability and a distinct smoothness to dairy fruit products while retaining a rich fruity flavor.

“Growing Demand for Clean Label Products”

One of the major factors driving the demand for clean label products is the shift in customer preferences from products with artificial ingredients to products that contain natural ingredients and come with clean labels.

A large number of market participants are expected to enter this market owing to its adaptable nature and wide range of uses of clean-label starch in the food and beverage sector, as well as the trend of adopting clean-label products. Offering attractive growth over the coming years, the clean label market is expected to witness a hike in its growth on a global scale.

Moreover, regular rice starch is a natural alternative to other artificial coloring agents, as a clean label whitening ingredient in confectionery coatings such as chewing gum, hard candy, and chocolate lentils.

  • BENEO's native rice starch can substitute flour or wheat starch in liquorice, creating a chewy and soft texture in gluten-free, and clean-label meals.

“Growing Lactose Intolerance among Population”

Critical aspects limiting the global growth of the rice starch market are increasing consumer health consciousness leading to consumption of low-fat dairy products, rising lactose intolerance, and rising production costs.

However, the increasing prevalence of lactose intolerance will be a substantial impediment to overall market growth.

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Country-wise Insights

What Region Will Exhibit Promising Growth in the Global Rice Starch Market?

The South Asia & Pacific rice starch market is expected to surge ahead at a CAGR of 8.6% during the forecast period (2022-2032).

This region accounts for the highest most milk and milk product consumers. While customers in this region are not well aware of dairy & non-dairy cream products and cream characteristics, the region is seeing rapid growth in the popularity of rice starch products.

How is the East Asian Market for Rice Starch Faring?

In the East Asian market, Japan is showing promising growth for the forecast period and is expected to register a significant CAGR of 7.9%.

The market share of Japan in the East Asian market is around 14.9% and is currently valued at US$ 16.4 Mn in 2022.

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Category-wise Insights

Why Does Conventional Rice Starch Continue Holding a High Market Share?

Based on the nature segment, conventional rice starch accounts for the largest market share; however, organic rice starch is anticipated to account for higher sales of the product because of the ongoing demand for clean-labeled and organic rice starch for use in bakery and dairy products.

The market value share of the organic segment is 6.2% in 2022, which is projected to be valued at US$ 59.8 Mn by the end of the forecast period in the global market.

Which End User Accounts for Higher Rice Starch Consumption?

Based on end users, the global rice starch market is segmented into the cosmetic & personal care industry, pharmaceutical industry, animal feed industry, paper industry, and food & beverage industry.

Among these, the bakery segment holds a major value share in the global market at 28.3% in 2022 and is currently valued at US$ 162.2 Mn.

Competitive Dashboard

Companies engaged in the production and supply activities of rice starch are adopting product development and facility expansions as key strategies to create more space for themselves in the market. They are offering products with various certifications for consumers to choose from according to their preferences.

  • In July 2020, Ingredion Incorporated completed the expansion of its rice manufacturing facility in Banglen, Thailand, to cater to consumers across the world.
  • In August 2020, BENEO expanded its rice starch and chicory root fiber product portfolio and unveiled its two novel ingredients - Remyline O AX DR and Orafti Organic. Common usage is to enhance the texture and taste of bakery & dairy products, soups, sauces, and dressings.

Rice Starch Industry Report Scope

Attribute

Details

Forecast period

2022-2032

Historical data available for

2017-2021

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia
  • GCC Countries
  • South Africa

Key market segments covered

  • Type
  • Nature
  • End Use
  • Region

Key companies profiled

  • WFM Starch Products
  • BENEO
  • Herba Ingredients BV
  • Jiangxi Golden Agriculture Biotech Co., Ltd
  • AGRANA Beteiligungs-AG
  • Cargill, Incorporated
  • Bangkok Starch Industrial Co., Ltd.
  • Anhui Shunxin Shenyuan Biological Food Co. Ltd.
  • Aromatic UK
  • SACCHETTO S.p.A.
  • Pruthvi's Foods Private Limited.
  • Thai Flour Industry Co., Ltd.
  • Trulux Pty Ltd.
  • Ingredion
  • Tiba Starch & Glucose Manufacturing Company
  • A&B Ingredients
  • Ettlinger Corporation
  • Shafi Gluco Chem (Pvt.) Ltd.
  • Sinofi Ingredients
  • Safimex JSC
  • Other Companies

Report coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Rice Starch Industry Research by Category

Rice Starch Market by Type:

  • Native Rice Starch
  • Modified Rice Starch

Rice Starch Market by Nature:

  • Organic Rice Starch
  • Conventional Rice Starch

Rice Starch Market by End Use:

  • Cosmetics & Personal Care Industry
  • Food & Beverage Industry
    • Dairy Products
    • Bakery
    • Soups, Sauces & Dressings
    • Infant Formula
    • Convenience Foods
    • Snacks & Confectionary
    • Beverages
    • Others
  • Pharmaceutical Industry
  • Animal Feed Industry
  • Paper Industry

Rice Starch Market by Region:

  • North America Rice Starch Market
  • Latin America Rice Starch Market
  • Europe Rice Starch Market
  • South Asia & Pacific Rice Starch Market
  • East Asia Rice Starch Market
  • The Middle East And Africa Rice Starch Market

- Companies Covered in This Report -

  • WFM Starch Products
  • BENEO
  • Herba Ingredients BV
  • JiangXi Golden Agriculture Biotech Co., Ltd
  • AGRANA Beteiligungs-AG
  • Cargill, Incorporated
  • Bangkok Starch Industrial Co., Ltd.
  • Anhui Shunxin Shenyuan Biological Food Co. Ltd.
  • Aromatic UK
  • SACCHETTO S.p.A.
  • Pruthvi's Foods Private Limited.
  • Thai Flour iNdustry Co., Ltd.
  • Trulux Pty Ltd.
  • Ingredion
  • Tiba Starch & Glucose Manufacturing Company
  • A&B Ingredients
  • Ettlinger Corporation
  • Shafi Gluco Chem (Pvt.) Ltd.
  • Sinofi
  • HealthMarque Fine Foods LLP
  • Safimex JSC
  • Other Companies (on Additional Request)

- Frequently Asked Questions -

The global rice starch market is valued at US$ 960 Mn in 2022.

Growing demand for clean-label products, rising need for organic food products, surging food & beverage industry, and increase in urban population to benefit global market for rice starch.

Between 2017 and 2021, demand for rice starch increased at 4.7% CAGR.

Worldwide sales of rice starch are projected to increase at 6.5% CAGR and climb to US$ 1.8 Bn by 2032.

BENEO, AGRANA Beteiligungs-AG, Cargill Incorporated, SACCHETTO S.p.A, and Ingredion account for 35% to 40% market share.

The U.K. and Germany account for the highest share in the Europe rice starch market.

India, European countries, Brazil, the U.S., and Canada account for the highest consumption of rice starch.

The China rice starch market is valued at US$ 90.4 Mn in 2022, while Canada has reached a market size of US$ 51.2 Mn.

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