Published Date: 20-Jan-2023
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Rice Starch Market size is expected to reach $752.2 Million by 2028, rising at a market growth of 6.3% CAGR during the forecast period.
The Modified segment is showcasing a CAGR of 7.3% during (2022 - 2028). The growth is due to their usage as food additives for stabilizing, emulsifying or for thickening. Some of the properties gained by changing the original starch can contain the ability to stand at different temperatures (excessive freezing or heating etc.) and the enhanced shelf life of the needed product. Modified food starch is made by physically, chemically or enzymatically altering the starch to change its inherit properties.
The Regular segment acquired maximum revenue share in the Global Rice Starch Market by Type in 2021 thereby, achieving a market value of $488.9 million by 2028. The growth is attributed to its extensive applications in numerous industries and products, for instance making organic infant meals or baby food, soups & sauces, cereals, and ready-to-eat meals. It contains amylopectin and amylose and is an insoluble white powder in its native form. Thus, the usage of regular rice starch for preserving the natural color and taste of food products and its various other benefits will surge the segment’s growth in the projected period.
The Organic segment has shown the growth rate of 7.6% during (2022 - 2028). This is due to the increasing adoption of organic rice starch in recent years. In addition, the manufacturer and trader’s high-profit margin and the farmer’s benefit in organic rice farming are luring more farmers and critical market players towards the segment. The increasing concerns regarding sustainability, the environment, and healthy food are a few other factors contributing to the segment’s growth in the projected period.
The Food & Beverages segment is leading the Global Rice Starch Market by End Use in 2021 thereby, achieving a market value of $241.6 million by 2028. This is because of its various functional properties and tiny granule sizes. Rice starch helps the coating by smoothing down rough surfaces on confectionery products. Some benefits of rice starch are enhancing viscosity, shelf-life, and syneresis management. Also, the prominent flavor and creamy texture suitable for infant meals combined with the improved texture of baked food products like hardness, brittleness, softness, and crunchiness will boost the market segment’s growth.
The Asia Pacific market dominated the Global Rice Starch Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $266 million by 2028. The Europe market is exhibiting a CAGR of 5.6% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 5.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/rice-starch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By End Use
Unique Offerings from KBV Research