The North America Rice Starch Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
Rice starch has a very fine granularity, they are about the same size as of the fat globules, making it a possible fat replacer. After heating it with water, it forms a gel with a creamy and smooth texture. Rice starch also has a neutral taste and is clear white in color, which gives assurance of an authentic taste and color of the food product. The advantages of rice starch is that it provides a soft creamy texture, is a possible fat replacer, Genetically Modified Organisms (GMO), gluten, is allergen free and has a great digestibility.
There is a difference between flour and rice starch which is, that most of the native proteins and lipids in the flour have been removed. The protein content of milled rice in a germplasm collection is reportedly around 4.5% to 15.9%. On the other hand, lipids exist in rice in much lower amounts. Thus, the isolation of starch from rice majorly involves techniques to remove proteins.
Canada’s food and beverages processing industry has showcased consistent growth in exports and shipments since 2016. In 2020, the net shipments amounted to around $123 billion, with an increase of 3% for five years. Exports growth continued to outpace the import growth between 2016 and 2020, raising Canada’s trade surplus to $4 million in 2020. In 2020, Canada’s food and beverages processing industry accounted for approximately 69.1% of the domestic market. Thus, the market for rice starch is predicted to witness significant growth in the North American nations.
The US market dominated the North America Rice Starch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $159.3 million by 2028.The Canada market is poised to grow at a CAGR of 7.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Rice Starch Market is Estimated 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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