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The Rice Starch Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Rice Starch is the increasing demand for Rice Starch in various industries.
This report on the Rice Starch Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Rice Starch Market. The report intends to present a thorough analysis of the Rice Starch Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Rice Starch Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Rice Starch Market are-
• Ingredion Incorporated (The U.S.),
• The Agrana Group (Austria),
• Thai Flour Industry Co.,Ltd. (Thailand),
• Jiangxi Golden Agriculture Biotech Co., Ltd. (China),
• Herba Ingredients B.v (Netherlands),
• BENEO (Germany),
• WFM Starch, Products (South Africa),
• Cargill, Incorporated (The U.S.),
• Tiba Trade (Egypt), and
• Starch Asia (Thailand).
Growth drivers and Market Value:
This report, from Stratview Research Rice Starch Market value and growth drivers over the trend period of 2022-27. According to the report -
The Global Rice Starch Market is estimated to grow from USD 173.4 million in 2021 to USD 246.5 million by 2026 at a healthy CAGR of 6.1% during the forecast period.
Segment Analysis:
Based on by Application Type:
• The food & beverages segment accounted for more than 50% share of the market and is likely to dominate the market in the coming years owing to the widespread use of rice starch in food & beverage industry in applications including chips, confectionary coating, baby food, soups, sauces, cereals, and organic food products among others.
• Increasing application of rice starch in cosmetics and pharmaceuticals is expected to spur the market growth further.
Based on Regional:
• The market growth can be attributed to growing food & beverage industry and increase in spending on organic personal care products.
• The market growth in developed regions is driven by presence of established end-use industries particularly pharmaceuticals owing to rising geriatric populace and high spending on healthcare.
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