Global Rice Starch Market, By Product (Food Grade, Cosmetic Grade, Pharmaceutical Grade), By Application (Bakery & Confectionery, Confectionery & Licorice, Dairy Dessert & Yogurt, Dairy Fruits, Body Powder, Dry Shampoo, etc.) By End Use (Hospitals, Clinics, Home Care, Health and Fitness Centers, Outpatient Care, Others) By region (North America, Latin America, Europe, Asia. Pacific, Middle East and Africa) - Industry trends and forecast to 2030.
Global Rice Starch Market
Global Rice Starch Market is expected to reach USD 185.03 million by 2022, which will reach USD 310.83 million in 2030, registering a CAGR of 6.69% during the forecast period 2023-2030.
Rice starch is a polymeric carbohydrate. It is a white powder that does not dissolve and consists of amylopectin and amylose. Its taste is neutral and thus preserves the natural taste of the food. It is widely used in the food industry. It offers great benefits such as textural stability during product shelf life, helps create clean and simple labels, and helps create a rich and creamy texture and a clear gel.
Market Drivers
Health benefits associated with rice starch consumption. Growing awareness of the many health benefits of rice starch has increased its consumption. Market growth is fueled by high demand for low-fat and nutrient-dense foods and beverages. In addition, the World Health Organization (WHO) and the American Heart Association have approved the use of rice starch, stating that its composition of monounsaturated, polyunsaturated and saturated fats is much safer than most other alternatives. Consumers are mainly influenced by natural and organic products. Growing demand for rice starch in various cosmetic and hygiene products as well as food and beverage industries are some of the factors driving the growth of the market. The various properties of rice starch, which are used in, for example, pharmaceuticals, cosmetics and personal care products, are important factors in the growth of demand in the current market situation. Today, consumers are mainly influenced by naturally high-quality, organic and healthy by-products, which increases demand in the growing economies of the world.
Market Restraints
Declining planting rates along with increasing biotechnological features of new plants are likely to limit the growth of the rice starch market during the forecast period. Climate change and government regulations are the most important and immediate challenges to market growth. This Rice Starch market report includes information on new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities for new revenue pockets and market changes. regulations, strategic market growth analysis, market size, category market growth, application niches and market dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Market Opportunities
The cosmetics industry is in high demand. Cosmetic rice starch is widely used by manufacturers in the mass production of cosmetics and personal care products. As a result, the global rice starch market is expected to significantly increase its revenue during the forecast period.
Impact of COVID-19
Covid-19, which leaves a lot of space to rebalance the starch industry despite the ongoing COVID-19 restrictions. For example, Yale University collaborated with the Universities of Michigan and Minnesota to evaluate the effectiveness of resistant potato starch to reduce hospitalizations and prolong clinical recovery in non-hospitalized patients with COVID-19. According to the results, resistant potato starch (RPS) has been shown to reduce IL-6 levels in humans, in part by increasing butyrate levels, which reduces the expression of the ACE2 receptor, the main entry mechanism of COVID-19 into epithelial cells. Expected impact of the recession on product prices and availability.
Market Segmentation
Global Rice Starch Market is segmented basis of By Product, By Application, By End Use.
Based on the By Product market is segmented into Food Grade, Cosmetic Grade, Pharmaceutical Grade. Further market is segmented into By Application market is segmented into Bakery & Confectionery, Confectionery & Licorice, Dairy Dessert & Yogurt, Dairy Fruits, Body Powder, Dry Shampoo, etc. By End Use market is segmented into Hospitals, Clinics, Home Care, Health and Fitness Centers, Outpatient Care, Others.
Regional Analysis
Global Rice Starch Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The United States dominates the North American rice starch market due to the growth of the agricultural industry and the spread of large grain production companies. China is expected to grow the fastest in the rice starch market in the Asia-Pacific region due to the increasing technological development in the region.
Key Players.
Various key players are listed in this report such as Cargill, Incorporated, Dow, BASF SE, Chr. Hansen Holding A/S, DSM, DuPont, Evonik Industries AG, NOVUS INTERNATIONAL, Alltech, Associated British Foods plc.
Market Taxonomy
By Product
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