Industry Background:
The global rice starch market has high growth prospects owing to rising demand for processed & convenience food products owing to changing lifestyle and eating habits and increasing health consciousness among consumers. Moreover, increasing applications in the pharmaceuticals, cosmetics & personal care products, and food and beverages expected to fuel the product demand during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Beneo (Germany), Ingredion Incorporated (United States), Bangkok starch (Thailand), Thai Flour (Thailand) and Agrana (Austria) |
According to AMA, the market for Rice Starch is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Many bakery products are nutritive and have become important part of diet of the people. Young generation mostly prefer ready to eat and frozen bakery products. People due to busy lifestyle and shortage of time are accepting these products. Hence, these products have become popular among different population groups in recent years leading to increased demand for convenience foods..
Globally, a noticeable market trend is evident Increasing Application in Cosmetics and Personal Care Products Major Vendors, such as Beneo (Germany), Ingredion Incorporated (United States), Bangkok starch (Thailand), Thai Flour (Thailand) and Agrana (Austria), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the rice starch market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings.
Key Developments in the Market:
In August 2023, Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, announced that it has entered into a definitive agreement to acquire the rice starch and rice flour business from Sun Flour Industry Co, Ltd. based in Banglen, Thailand
In October 2019, Ingredion launched a new product range called Purity Bio for rice starches and organic tapioca. This is the company’s first organically-certified products to be manufactured in Asia-Pacific for catering to the demand for organic searches by consumers in this region. and 2018, Beneo launched a new clean-label rice starch called Remypure S52. The new product is the second clean-label native rice starch product in the company’s product portfolio followed by the introduction of functional rice starch, Remypure in 2016.
Influencing Trend:
Increasing Application in Cosmetics and Personal Care Products
Market Growth Drivers:
Many bakery products are nutritive and have become important part of diet of the people. Young generation mostly prefer ready to eat and frozen bakery products. People due to busy lifestyle and shortage of time are accepting these products. Hence, these products have become popular among different population groups in recent years leading to increased demand for convenience foods.
Challenges:
Availability of Substitute Products-Such As Corn Starch
Restraints:
Stringent Guidelines Regarding Approval from Different Regulatory Bodies and Fluctuating Cost of Raw Materials
Opportunities:
Increasing Demand from the Food & Beverages Industry and Growing Demand from the Developing Economies
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 Rice Starch Market
- Analysis about New Entrants in Rice Starch 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, Rice Starch Study Sheds Light on
The Rice Starch Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Rice Starch industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Rice Starch 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.