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Description
Rice Starch Market size was valued at USD 189.9 million in 2021. it is expected to reach USD 354.8 million by 2028, growing at a CAGR of 6.4% from 2022-2028. The rice starch market is being driven globally by the growing population. Moreover, raising disposable incomes, evolving lifestyles and increasing urbanization are positively affecting the sector. As individuals are willing to try the new products prepared through the use of rice starch, the growing youth population also boosts demand development, as a result, boosting consumer growth. In the cosmetics and personal care sector, the market is further assisted by increasing demand. However, availability of substitute like corn starch is the main factors that hinder the market. The global rice starch market report provides a comprehensive outlook on rice starch worldwide with specific focus on key region such as North America, Europe, Asia Pacific, Latin America and MEA. This report gives historical, current and future market size (US$ Mn) on the basis of type, application, sales channel, and geography. This study analyses the global rice starch market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market. In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs. In March 2019, Ingredion Inc. acquired the business of Western Polymer, a private producer of native and modified potato starch for food and industrial application. In October 2019, Ingredion launched a new line of organic tapioca and rice starches, which are the first certified natural products to be manufactured in Asia-Pacific and available worldwide.
