The Latin America, Middle East and Africa Rice Starch Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
Rice Starch, due to its high derma-compatibility is utilized in cosmetics, particularly in products that treat dry delicate skin. It is also being noticed that protein extracts from the rice starch could be changed to peptides with various applications in many fields. Many researches are going on for developing biotechnological processes to change the by-products found in the processing water of rice starch into different peptides, which can then be added to the food or utilized to manufacture food supplements.
Researchers have successfully isolated new potential ingredients containing a small molecule or a mixture of tiny bioactive peptides to observe how these ingredients could be used to develop new functional cosmetics and food products.
Rice starch contains two different behaviors depending upon the application. When used at a temperature below 50C, the rice starch is a silky, translucent powder that absorbs oil, reduces shine, and diminishes the appearance of pores but does not dry out the user’s skin. When used in skincare products, rice starch provides a long-lasting matte finish and enhances skin texture and moisture levels.
Saudi Arabia is responsible for 60% of the Gulf Cooperation Council (GCC) countries’ healthcare expenditure, and the sector remains a crucial priority for the Saudi Arabian Government. In 2022, the Saudi government has said to spend $36.8 billion on healthcare and social development, which is 14.4% of its 2022 budget. Although the Saudi government is responsible for around 60% of the healthcare spending, it is planning to privatize the healthcare sector, to introduce further development and technologies. The increasing cosmetic and pharmaceutical development joined with the demand for natural and halal-based products, is expected to raise the usage of rice starch and boost the growth of the rice starch market in the region.
The Brazil market dominated the LAMEA Rice Starch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14.8 million by 2028.The Argentina market is estimated to grow a CAGR of 9.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.6% during (2022 - 2028).
Based on Form, the market is segmented into Native and Modified. Based on Type, the market is segmented into Regular and Waxy. Based on Nature, the market is segmented into Conventional and Organic. Based on End Use, the market is segmented into Food & Beverages, Laundry, Paper, Pharmaceutical, Cosmetics & Personal Care and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Rice Starch Market is Predict to reach $752.2 Million by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingredion Incorporated, BENEO GmbH (Südzucker AG), A&B Ingredients, Inc., Bangkok Starch Industrial Company Limited, Jiangxi Golden Agriculture Biotech Co., Ltd., Thai Flour Industry Co., Ltd., Ettlinger Corporation, Starch Asia, WFM Starch Products, and Pruthvi's Foods Private Limited.
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