PUBLISHER: Allied Market Research | PRODUCT CODE: 1225080
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225080
The global rice starch market was valued at $520.4 million in 2021, and is projected to reach $932.0 million by 2031, registering a CAGR of 6.0% from 2022 to 2031. Asia-Pacific was the highest contributor and is estimated to reach 381.2 million by 2031, with a CAGR of 6.5%. The primary ingredient in rice and a naturally occurring polymeric carbohydrate is rice starch. It is an insoluble white powder that contains both amylose and amylopectin in its natural state. Similar to rice, its composition and structure can vary substantially. In addition, it contains vitamin B, vitamin C, and minerals which provide benefits to the human body. Moreover, it is widely used in the food & beverage industry, cosmetic & personal care industry, paper industry, pharmaceutical industry, textile industry, animal feed industry as well as laundry industry.
To improve the application qualities of skincare and color cosmetics, rice starch is commonly used. Having a cosmetic product that is easy to apply in a variety of situations and consistently with effective results is widely in demand. The cosmetics business also strives to continuously offer clients a wide range of decorative effects, both traditional and cutting-edge, that differ in terms of their hue, color shade, gloss, and light effects by introducing unique additions such as rice starch. To develop a decorative cosmetic composition with superior paint application, an effective amount of rice starch is also added to a cosmetic composition. Rice starch provides cosmetic composition with enhanced color application and higher opacity in skincare products. Additionally, several rice starches are used in skin care products produced to treat dry and fragile skin due to their high derma compatibility. Furthermore, rice starch protein, an extracted product, finds extensive use in the beauty business.
One in every five calories consumed globally comes from rice. It is a crucial staple food for billions of people, and as populations increase, rice and other essential crops will need to produce more of them to feed everyone without using more farmland. The World Resources Institute estimates that between 2010 and 2050, the global food supply will need to increase by 56% to meet the expected demand. However, because of the rising earth's temperature and other global warming consequences, rice yield has been dropping over time. Stalling and declining rice yields are also caused by inadequate water supply, deteriorating soil conditions, rising temperatures, or a combination of these factors as well as several socioeconomic issues.
Physically integrating biopolymers has the potential to enhance the functional qualities of rice starch as a raw resource for industrial applications. In particular, the addition of natural/synthetic polymers and plasticizers to rice starch creates functional blends or composites that can be applied to the production of sustainable packaging materials, pharmaceutical, and nutraceutical products and other industrial uses. The quality of rice starch can also be altered chemically and genetically to be used in industrial applications. Therefore, this is likely to bring numerous opportunities for the market during the forecast period.
The rice starch market is segmented on the basis of type, form, nature, end use, and region. On the basis of type, the market is bifurcated into waxy rice starch and regular rice starch. According to form, it is classified into native and modified. As per nature, the market is segregated into organic and conventional. Depending on end use, it is divided into food & beverage industry, cosmetic & personal care industry, paper industry, laundry industry, pharmaceutical industry, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
According to the market players, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the distribution channels were nearly shut down in the first quarter of the pandemic. However, online channels such as Amazon and Flipkart were delivering the products. The key players included in the market analysis are A&B Ingredients, AGRANA Beteiligungs-AG, Anhui Shunxin Shenyuan Biological Food Co. Ltd., Aromantic Ltd., Bangkok Starch Industrial Co., Ltd., Beneo, Burapa Prosper, Ettlinger Corporation, Herba Ingredients, Ingredion, JiangXi Golden Agriculture Biotech Co., Ltd., and Pruthvi's Foods Private Limited.
Key Benefits For Stakeholders
By Type
By Form
By Nature
By End Use
By Region