Rice Starch Market Size, Share, Industry Trends and Forecast to 2033
This report provides detailed insights into the Rice Starch market from 2023 to 2033, including market trends, size estimates, segment analyses, and forecasts. Aimed to impart valuable information for stakeholders, the report covers industry dynamics, regional performances, and emerging opportunities for growth.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $4.50 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $8.84 Billion |
| Top Companies | Tate & Lyle, Cargill, Incorporated, Agrana Group, MGP Ingredients |
| Last Modified Date | 15 November 2024 |
Rice Starch Market Overview
What is the Market Size & CAGR of Rice Starch market in 2023?
Rice Starch Industry Analysis
Rice Starch Market Segmentation and Scope
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Rice Starch Market Analysis Report by Region
Europe Rice Starch Market Report:
The European Rice Starch market is poised for substantial growth, expected to rise from USD 1.25 billion in 2023 to USD 2.45 billion by 2033. Innovations and advancements in food processing technologies, along with a growing emphasis on health and wellness, promote the use of rice starch across several European countries as a healthy ingredient in food production.Asia Pacific Rice Starch Market Report:
The Asia Pacific region holds a significant share of the Rice Starch market, projected to grow from USD 0.86 billion in 2023 to USD 1.69 billion by 2033. The increasing demand for rice-based products, coupled with expanding food industries in countries like China and India, drives this growth. Additionally, rising health consciousness among consumers is bolstering the popularity of rice starch as a functional ingredient.North America Rice Starch Market Report:
North America is set to witness robust growth in the Rice Starch market, with projections indicating an increase from USD 1.70 billion in 2023 to USD 3.35 billion by 2033. The popularity of clean-label products and the rise of gluten-free diets significantly contribute to the demand for rice starch in food and pharmaceuticals, enhancing its market presence.South America Rice Starch Market Report:
In South America, the Rice Starch market is expected to experience steady growth, increasing from USD 0.40 billion in 2023 to USD 0.79 billion by 2033. The region’s agriculture-based economy relies heavily on starch derivatives, making rice starch a vital component in various food applications, particularly in Brazil and Argentina.Middle East & Africa Rice Starch Market Report:
In the Middle East and Africa, the Rice Starch market is projected to grow from USD 0.29 billion in 2023 to USD 0.57 billion by 2033. The region's culinary trends are gradually shifting towards rice-based products, with increasing investments in food processing industries leading to heightened demand for rice starch.Request a custom research report for industry.
Rice Starch Market Analysis By Type
Global Rice Starch Market, By Type Market Analysis (2024 - 2033)
As of 2023, powder form dominates the market with a size of USD 3.09 billion, expected to expand to USD 6.07 billion by 2033. Native starch continues to lead the segment, accounting for 68.63% share. Modified and pregelatinized starches also hold essential positions in the market, essential for various applications.
Rice Starch Market Analysis By Application
Global Rice Starch Market, By Application Market Analysis (2024 - 2033)
In 2023, the food and beverage sector is the largest application area for rice starch, contributing USD 2.14 billion, expected to reach USD 4.21 billion by 2033. Pharmaceutical and cosmetic industries follow, with significant growth driven by the need for clean-label products and innovative formulations.
Rice Starch Market Analysis By Form
Global Rice Starch Market, By Form Market Analysis (2024 - 2033)
The Rice Starch market can be categorized into powder, granules, and paste forms. Powders dominate market size, while granules represent a crucial segment for industrial applications. Paste forms are emerging with growth due to usability in diverse formulations.
Rice Starch Market Analysis By End Use Industry
Global Rice Starch Market, By End-use Industry Market Analysis (2024 - 2033)
Food processing holds the largest consumer segment at USD 3.09 billion in 2023 and is projected to grow steadily. Pharmaceutical manufacturing also showcases potential, on the back of health awareness and increased reliance on rice starch in medication and dietary applications.
Rice Starch Market Analysis By Functionality
Global Rice Starch Market, By Functionality Market Analysis (2024 - 2033)
Rice starch is increasingly used as a thickening and binding agent, holding a market size of USD 3.09 billion in 2023. Its stabilizing properties are also essential for a plethora of applications across food, pharmaceutical, and cosmetic sectors.
Rice Starch Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Rice Starch Industry
Tate & Lyle:
A global leader in ingredient solutions, specializing in the production of starches derived from various sources, including rice and corn. Their innovative products cater to a wide array of industries, ensuring quality and sustainability.Cargill, Incorporated:
A major player in agricultural products and services, Cargill offers a diverse range of starch products, including rice starch. The company's emphasis on food safety and innovation makes it a trusted source in the starch industry.Agrana Group:
An international food and ingredient company that produces a variety of starch products. Agrana is known for its commitment to sustainability and high-quality food ingredients, including rice starch for food and beverage applications.MGP Ingredients:
Known for their specialty ingredients, MGP is involved in producing rice starch as part of their portfolio. Their focus on providing value-added ingredients has made them reputable among manufacturers.We're grateful to work with incredible clients.
Related Industries
FAQs
What is the market size of rice Starch?
The global rice-starch market is currently valued at approximately $4.5 billion in 2023, with a projected compound annual growth rate (CAGR) of 6.8% leading to significant growth over the next decade.
What are the key market players or companies in this rice Starch industry?
Key players in the rice-starch market include prominent companies such as ADM, Cargill, and Ingredion. These companies play significant roles in driving innovation and maintaining competitive standards within the industry.
What are the primary factors driving the growth in the rice Starch industry?
Growth in the rice-starch market is primarily driven by increasing demand in the food and beverage sector, growing health consciousness, and the rising popularity of gluten-free products, which utilize rice starch as a functional ingredient.
Which region is the fastest Growing in the rice Starch?
The fastest-growing region for rice-starch is North America, projected to expand from $1.70 billion in 2023 to $3.35 billion by 2033, driven by heightened demand in food processing and personal care segments.
Does ConsaInsights provide customized market report data for the rice Starch industry?
Yes, ConsaInsights offers customized market report data tailored to specific needs in the rice-starch industry, ensuring clients receive relevant and actionable insights that meet their strategic requirements.
What deliverables can I expect from this rice Starch market research project?
Deliverables for the rice-starch market research project include detailed market analysis, segmentation data, regional market evaluations, and trends, along with strategic recommendations based on comprehensive data analysis.
What are the market trends of rice Starch?
Current market trends in rice-starch include increasing exploration of natural and organic options, heightened consumer preference for gluten-free products, and expanded applications in non-food sectors such as cosmetics and pharmaceuticals.