Rice starch is classified into small particles, with a particle size which is much smaller than other tubers, grains, and roots (such as potatoes and corn). Rice starch is a very fine-grained and tasteless powder made by processing raw rice. Rice starch also provides a creamy texture and can be used as a natural substitute for fat. Rice starch is widely used in food industry, pharmaceutical industry, chemical industry, and cosmetic industry. Rice starch is used toprepare products such as medicines, processed food mixes, and canned baby food.
Modified rice starch is one of the popular vegetarian alternatives to traditional gelatin powder. Rice starch adds a smooth, creamy texture to various prepared foods such as sauces and soups. Extracting starch from rice produces large amounts of protein and fiber residues. The world rice starch market is dividedby grade, application and regional type. The market is further divided into food grade, cosmetic grade, and pharmaceutical grade.
COVID-19 Impact analysis
Due to the recent COVID-19 outbreak, several major rice exporting countries implemented policies which ensures adequate domestic supply. Some countries has also suspended new contracts for rice exports in the month of April 2020.
Mobility and logistics had faced challenges due to social distancing regulations which has decreased the availability of rice in the domestic markets of many countries and contributed to lower export volumes. As a result, rice products and rice starch market has been affected widely.
As during the world price shocks, rice export prices rose sharply, increasing by 25%, threatening the food security of countries dependent on rice imports. Although rice export restrictions eased and quarantine measures were loosened across the globe, some regions rice prices remained relatively high in the subsequent months and due to this there was a decrease in the consumption of rice products and it has highly affected Rice Starch Market.
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Top Impacting Factors
Among these market,the food grade segment is expected to contribute more than 50% of the market share and is expected to grow in a higher space. The food grade market segment is expected to promote the rice starch market during the forecast period.
Depending on the utilization of rice starch, the market is classified into pharmaceuticals, cosmetics & personal care, and food & beverage. Food andbeveragesaresubdivided into baked goods and baked fillings, candy, fruit products, and dairy products.
There is a huge demand inthe cosmetic industry, in cosmetic grade rice starch is widely used by manufacturers tomanufacture cosmetics and personal care products on a large scale.Therefore, the global rice starch market is expected to significantly increase its revenue contribution during the forecast period.
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Key Benefits of the Report
This study presents the analytical depiction of the RICE STARCH industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the RICE STARCH MARKET share.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the RICE STARCH MARKET growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed RICE STARCH MARKET analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered in the Report
Which are the leading players active in the Rice Starch Market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?
What is Rice Starch Market prediction in the future?
Which will be the niches at which players profiling with recent advancements should set a presence?
What are the driving factors and opportunities in the market?
What are the current trends and predicted trends?
What are the challenges faced in the Rice Starch Market?
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Key Players:
BENEO
Ingredion
Bangkok starch
Thai Flour
AGRANA
WFM Wholesome Foods
Golden Agriculture
Anhui Lianhe
Anhui Le HuanTian Biotechnology
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