Rice Starch Market Overview:
As per MRFR analysis, the Rice Starch Market Size was estimated at 3.01 (USD Billion) in 2022.The Rice Starch Market Industry is expected to grow from 3.12(USD Billion) in 2023 to 4.3 (USD Billion) by 2032. The Rice Starch Market CAGR (growth rate) is expected to be around 3.64% during the forecast period (2023 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Rice Starch Market Trends Highlighted
Key market drivers include the rising demand for gluten-free and organic food products, the growing popularity of rice starch as a thickening and stabilizing agent in food and beverage applications, and the increasing use of rice starch in the pharmaceutical and cosmetic industries.Opportunities to be explored or captured in the rice starch market include the development of new and innovative applications for rice starch, the expansion into emerging markets, and the development of sustainable and environmentally friendly rice starch production methods.Recent trends in the rice starch market include the increasing demand for rice starch-based bioplastics, the growing popularity of rice starch in the textile industry, and the development of functional rice starch ingredients with specific health benefits.
Rice Starch Market Drivers
Rising Demand for Gluten-Free Products
Rice starch is increasingly used in cooking and confectionery production, as it is gluten-free and cannot be controlled by dietary and energy foods, which will positively influence the market. Thus, compared to other gluten-rich food industries, the demand for gluten-free rice starch used in the production of gluten-free bakery, pasta, and other products is expected to increase further. The growing demand for gluten-free products, celiac disease, and gluten sensitivity have led to an increase in the rice starch market.
Expanding Applications in Food and Beverage Industry
Rice starch is widely used in the food and beverage industry as a thickening agent, stabilizer, and texture modifier. It is employed in the preparation of soups, sauces, gravies, desserts, and a variety of processed food items. The rising trend of consuming processed and convenience foods ly and the growing demand for Asian food items are expected to fuel the consumption of rice starch in the food and beverage segment.
Growing Health Awareness and Functional Properties
Rice starch is associated with a number of health benefits, such as high digestibility, low glycemic index, and hypoallergenic nature. What is more, it is known to be an excellent source of resistant starch, which is associated with better gut health as well as a decreased risk of developing chronic diseases. As more and more consumers become health conscious and the demand for functional foods, in particular, soars, it is expected to facilitate the growth of demand for rice starch in the Rice Starch Market industry. In another context, Papua New Guinea provides clear evidence of the link between natural disasters and substance abuse.Notably, the "sale and consumption of home brew and marijuana" rose following a volcanic eruption on Manam Island. A similar effect was observed after the eruption of Ulawun Volcano.
Rice Starch Market Segment Insights:
Rice Starch Market Grade Insights
The Rice Starch Market segmentation by grade is categorized into food grade, industrial grade, and pharmaceutical grade. The Food Grade segment is projected to account for the largest revenue share in 2023, owing to its extensive usage in the food and beverage industry. The rising demand for rice starch as a thickening agent, stabilizer, and fat replacer in various food applications, such as sauces, soups, and dairy products, is driving the growth of this segment. The Industrial Grade segment is anticipated to witness a substantial growth rate during the forecast period, attributed to its increasing applications in papermaking, adhesives, and construction materials.The pharmaceutical-grade segment is expected to hold a significant market share due to its usage in manufacturing tablets, capsules, and medical devices. The increasing adoption of rice starch as an excipient in the pharmaceutical industry is contributing to the growth of this segment.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rice Starch Market Packaging Type Insights
The packaging type segment of the Rice Starch Market is segmented into Bags, Drums, Silos, and Bulk Containers. Bulk containers held the largest market share in 2023, accounting for 42.5% of the market revenue. The growing demand for bulk packaging solutions in the food and beverage industry is driving the growth of this segment. Bags are expected to witness the fastest growth over the forecast period, owing to their cost-effectiveness and ease of handling. Drums and silos are also expected to experience steady growth due to their durability and ability to store large quantities of rice starch.The market growth is attributed to the increasing demand for rice starch in various industries, including food, pharmaceuticals, and cosmetics.
Rice Starch Market Source Insights
Rice starch is a natural thickener and binder used in various food and non-food applications. It is derived from rice grains and is available in different forms, including flour, powder, and granules. The Rice Starch Market revenue is anticipated to reach USD 4.3 billion by 2032, expanding at a CAGR of 3.64% from 2023 to 2032. Source Segment Insights: The source segment of the Rice Starch Market is divided into rice, corn, potato, and other sources. Rice is the dominant source, accounting for over 60% of the market share in 2023. This dominance is attributed to the widespread cultivation of rice worldwide and its cost-effectiveness compared to other sources.Corn is the second largest source, with a significant market share, particularly in North America and Europe. Potato starch holds a smaller market share and is primarily used in niche applications such as baby food and confectionery. Other sources, such as tapioca and wheat, contribute a minor share of the overall market.
Rice Starch Market Application Insights
The application segment is a crucial aspect of the Rice Starch Market segmentation, influencing market growth and industry dynamics. Among the key applications, Food and Beverage holds a significant share of the market, driven by increasing demand for gluten-free and healthy food products. In 2023, the Food and Beverage segment accounted for approximately 45% of the Rice Starch Market revenue, valued at around USD 1.4 billion. Paper and packaging are other prominent applications, with a market share of around 25% in 2023. The growing demand for sustainable packaging solutions is fueling the growth of this segment.Textiles, Pharmaceuticals, and Others collectively contribute to the remaining market share, with applications in areas such as adhesives, pharmaceuticals, and cosmetics. The increasing use of rice starch as a natural and biodegradable alternative to synthetic materials is expected to drive the growth of these segments in the coming years.
Rice Starch Market Viscosity Insights
The rice starch market is segmented based on viscosity into low, medium, and high viscosity. Among these, the medium viscosity segment held the largest share of the market in 2023 and is expected to maintain its dominance over the forecast period. The increasing demand for medium-viscosity rice starch in various food and beverage applications, such as soups, sauces, and dressings, is driving the growth of this segment. The low-viscosity segment is also expected to witness significant growth during the forecast period due to its increasing use in gluten-free bakery products and other food applications where a thin and smooth texture is desired.The high-viscosity segment is expected to grow at a steady pace due to its use in industrial applications such as papermaking and adhesives.
Rice Starch Market Regional Insights
The regional segmentation of the Rice Starch Market presents distinct market dynamics and growth opportunities. North America holds a significant market share due to the increasing demand for rice starch in food and beverage applications, particularly in the United States. In 2023, the regional market size was valued at USD 1.2 billion and is projected to reach USD 1.6 billion by 2032, exhibiting a CAGR of 3.2%. Europe follows as a major regional market, driven by the growing adoption of rice starch in various industries, including food, pharmaceuticals, and cosmetics.The European market is estimated to be worth USD 0.9 billion in 2023 and is anticipated to expand to USD 1.2 billion by 2032, registering a CAGR of 3.4%. APAC is anticipated to witness remarkable growth, owing to the rising consumption of rice starch in food and non-food applications across countries like China, India, and Japan. The APAC market is poised to grow from USD 0.7 billion in 2023 to USD 1.1 billion by 2032, exhibiting a CAGR of 3.8%. South America and MEA are emerging markets for rice starch, offering significant growth potential due to increasing urbanization and rising disposable incomes.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rice Starch Market Key Players And Competitive Insights:
Competitive strategies such as collaborations, acquisitions, and product launches are implemented by the other major players in the market through interactions or inorganic means, sometimes leading to high competition within the Rice Starch Market. Some products need constant innovation to stay in trend. For instance, key Rice Starch Market competitors are constantly involved in the process of research, given the supplier power being high. Capacity expansion and diversification of product portfolio along with the geographical reach is the main focus of the Rice Starch Market-leading players, which allows them to cater to diverse customer needs, including Cargill, Incorporated. Cargill, Incorporated is another player in the food ingredient market with a presence. The company produces rice starch as part of its extensive range of food ingredients through a well-established network of production facilities. The company has a vast distribution network and a large number of customers. It is one of the most important players in the Rice Starch Market. Its commitment to innovation and sustainability is also a major factor influencing its leading position in the market. Ingredion Incorporated is a provider of a variety of product ranges in the United States, including rice starch. The company provides innovative services and produces an extensive range of high-quality products. The company is one of the key players in the Rice Starch Market.
Key Companies in the Rice Starch Market Include:
- Tate Lyle, PLC.
- The Archer Daniels Midland Company.
- Avebe U.A.
- Kaili Grains Industry Co., Ltd.
- Tereos Starch Sweeteners.
- Shaanxi Fufeng Group Co. Ltd.
- Ingredion Incorporated.
- Cargill, Incorporated.
- Emsland Group.
- Biochem Technology Group Company Limited.
- Yantai Shuangta Food Co., Ltd.
Rice Starch Market Industry Developments
The rice starch market is projected to reach USD 4.3 billion by 2032, exhibiting a CAGR of 3.64% during the forecast period. Rising demand for clean-label ingredients and gluten-free products is driving market growth. Rice starch is gaining popularity as a thickener, binder, and stabilizer in food and beverage applications due to its neutral taste and texture. Additionally, the growing health consciousness among consumers is fueling the demand for natural and organic ingredients, further supporting market expansion. Recent news developments include the launch of new rice starch-based products by major food companies and the expansion of production capacity by key market players to meet the increasing demand.
Rice Starch Market Segmentation Insights
Rice Starch Market Grade Outlook
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
Rice Starch Market Packaging Type Outlook
- Bags
- Drums
- Silos
- Bulk Containers
Rice Starch Market Source Outlook
Rice Starch Market Application Outlook
- Food and Beverage
- Paper and Packaging
- Textiles
- Pharmaceuticals
- Others
Rice Starch Market Viscosity Outlook
- Low Viscosity
- Medium Viscosity
- High Viscosity
Rice Starch Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.01(USD Billion) |
| Market Size 2023 |
3.12(USD Billion) |
| Market Size 2032 |
4.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.64% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Tate Lyle, PLC., The Archer Daniels Midland Company. , Avebe U.A. , Zuchem. , Kaili Grains Industry Co., Ltd., Tereos Starch Sweeteners. , Shaanxi Fufeng Group Co. Ltd., Ingredion Incorporated. , Cargill, Incorporated. , Emsland Group. , Â Biochem Technology Group Company Limited. , Yantai Shuangta Food Co., Ltd. |
| Segments Covered |
Grade, Packaging Type, Source, Application, Viscosity, Regional |
| Key Market Opportunities |
1 Rising Demand for GlutenFree Products2 Growing Health Consciousness3 Increasing Applications in Food Industry4 Expanding Use in Industrial Applications5 Growth in Developing Regions |
| Key Market Dynamics |
Increasing demand for gluten-free products Growing awareness of health benefits Technological advancements in starch extraction Expanding applications in food and beverage industry Government regulations and support |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The rice starch market size was valued at USD 3.12 billion in 2023 and is projected to grow at a CAGR of 3.64% from 2023 to 2032, reaching USD 4.3 billion by 2032.
Asia-Pacific is the largest market for rice starch, accounting for over 60% of the market share. This dominance is attributed to the high consumption of rice in the region, particularly in countries such as China, India, and Southeast Asia.
Rice starch finds extensive applications in various industries, including food beverages, papermaking, pharmaceuticals, and cosmetics. In the food and beverage industry, rice starch is used as a thickening agent, stabilizer, and gelling agent in products such as sauces, soups, and desserts.
Major players operating in the rice starch market include Ingredion Incorporated, Cargill, Incorporated, Tate Lyle PLC, Emsland Group, and The Sago Group. These companies hold a significant market share and compete based on factors such as product quality, innovation, and distribution network.
The growing demand for gluten-free products, the increasing use of rice starch in the food industry as a thickener and stabilizer, and the rising popularity of rice starch-based biodegradable plastics are key factors driving the growth of the rice starch market.
Fluctuations in the price of rice, the availability of substitutes such as corn starch and wheat starch, and stringent regulatory requirements in certain regions pose challenges to the growth of the rice starch market.
The COVID-19 pandemic had a mixed impact on the rice starch market. While the demand for rice starch from the food industry declined due to disruptions in the food service sector, the demand from the pharmaceutical and personal care industries remained steady.
The growing adoption of sustainable packaging solutions and the increasing use of rice starch in the production of bioplastics are notable emerging trends in the rice starch market.
Expanding applications in the food, beverage, pharmaceutical, and cosmetic industries, coupled with the rising demand for gluten-free products, present significant growth opportunities for the rice starch market.
