Industry Background:
Glutinous rice is also known as sweet rice available in Indica, Aromatic, Japonica, and other categories varies in long and short-grain rice. These types of rice are increasingly grown in Thailand and Vietnam followed by other asian countries. The glutinous rice has very low or no amylose with a high amount of amylopectin. This content in the rice makes it sticky and sweet with a gluelike texture when cooked and is considered to be safe for gluten-free diets.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Western Foods, LLC (United States), STC Group (Thailand), Starch Asia (Thailand), Grain Vietnam Co., Ltd. (Vietnam), Wonnapob Company Limited (Thailand), Haprosimex JSC (Vietnam), Nanapan Group (Thailand) and Siam Rice Export (Thailand) |
According to AMA, the market for Glutinous Rice is expected to register a CAGR of 2.7% during the forecast period to 2030. This growth is primarily driven by Demand for Sticky and Sweet Rice in the Production of Asian Cuisines and Growing Demand for the Soups and Sauces.
Globally, a noticeable market trend is evident Introduction of Premium Quality Glutinous Rice Range Major Vendors, such as Western Foods, LLC (United States), STC Group (Thailand), Starch Asia (Thailand), Grain Vietnam Co., Ltd. (Vietnam), Wonnapob Company Limited (Thailand), Haprosimex JSC (Vietnam), Nanapan Group (Thailand) and Siam Rice Export (Thailand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Developments in the Market:
In 2023, The BCG-Naga Belt Road project, under Thailand's Bio-Circular-Green Economy agenda, is strengthening glutinous rice farmers with modern agriculture technology. This partnership involves multiple stakeholders, including universities, companies, and government agencies, aiming to improve the income and livelihood of glutinous rice farmers in the Mekong basin.
On 12th August 2020, Rice and ancient grain provider Western Foods, L.L.C. has acquired American Sunny Foods, Inc., a Stockton, Calif.-based rice flour manufacturer. As part of the acquisition, the company obtained Japanese-style processing capabilities and technical expertise found at American Sunny Foods’ processing facility, which gives rice flours high-quality whiteness, low-micro standards, and consistent viscosities, according to the company. In addition to medium grain and glutinous rice flours from California, the full product range will include long grain and medium grain rice flours from the southern United States.
Regulatory Insights:
"National Health Commission of the People's Republic of China (NHC) proposes a standard suitable for the solid and liquid mixed food containing fermented rice grain solid and alcohol, which using glutinous rice and other rice as the main raw material, distiller's yeast as saccharification starter, processed by soaking, cooking, cooling, saccharification, fermentation, added or not added auxiliary materials, sterilized or not sterilized. This standard stipulates the requirements for raw and auxiliary materials, sensory, physicochemical index, pollutant and microbiological limit, food additives and etc."
Influencing Trend:
Introduction of Premium Quality Glutinous Rice Range
Market Growth Drivers:
Demand for Sticky and Sweet Rice in the Production of Asian Cuisines and Growing Demand for the Soups and Sauces
Challenges:
Allergy-Related Side Effects Risk Associated with Glutinous Rice
Restraints:
Availability of Substitute Products of Glutinous Rice
Opportunities:
Growing Awareness about the Glutinous Rice and its Benefits and Online Availability of Glutinous Rice
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Glutinous Rice Market
- Analysis about New Entrants in Glutinous Rice Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Glutinous Rice Study Sheds Light on
The Glutinous Rice Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Glutinous Rice industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Glutinous Rice industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.