Europe Rice Starch Market Analysis and Forecast 2022-2032

Rice starch is characterized by small granules with diameters ranging from 2 to 8 µm, which are substantially smaller than those found in other tubers, breakfast cereals, and roots. Rice starch Market is a fine-grained, powder produced by digesting raw rice. Rice starch adds a creamy texture and acts as a natural fat substitute. Historically from 2017-2021, the global market for rice starch registered a compounded annual growth rate (CAGR) of 4.7%.

Rising middle-class lifestyles and increasing urbanization have resulted in the growing demand for bakery and convenience processed foods across the world, which is, in parallel, driving the demand for rice starch.

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How is Rice Starch Market Growth Being Influenced?

Increasing Consumption of Convenience & Processed Food

  • Convenience food product demand has increased significantly over the years owing to busier lives and rising consumer disposable income. As a result, the usage of clean label starch in various ready-to-mix food products has increased.
  • The ratio of amylose to amylopectin affects starch gelling, binding, and thickening. Various breeding techniques allow these ratios to be adjusted as needed. As a result, starch has become a priority in the preparation of convenience foods.
  • Moreover, the food sector is the world’s fastest-growing industry, with exports expanding in emerging areas while simultaneously boosting its presence in existing markets. Food manufacturers are adopting and developing novel processing methods to meet the increasing demand for convenient, healthy, and functional foods.
  • Furthermore, in recent years, there has been an increase in demand for clean-labeled and organic products, globally.

Increasing Utilization of Modified Rice Starch Targeting Vegan Consumers

  • Modified rice starch is a popular vegan replacement for regular powdered gelatin. Rice starch adds a smooth, creamy texture to soups and sauces. Rice starch extraction yields a significant amount of protein and fiber residue. Furthermore, numerous key companies in this sector are focusing on launching organic products to gain new consumers.
  • Moreover, low-fat dairy beverages have a smooth texture and a full, creamy flavor. Modified and clean-label rice starch provides stability and a distinct smoothness to dairy fruit products while retaining a rich fruity flavor.

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Country-wise Insights

What Region Will Exhibit Promising Growth in the Global Rice Starch Market?

  • The South Asia & Pacific rice starch market is expected to surge ahead at a CAGR of 8.6% during the forecast period (2022-2032).
  • This region accounts for the highest most milk and milk product consumers. While customers in this region are not well aware of dairy & non-dairy cream products and cream characteristics, the region is seeing rapid growth in the popularity of rice starch products.

How is the East Asian Market for Rice Starch Faring?

  • In the East Asian market, Japan is showing promising growth for the forecast period and is expected to register a significant CAGR of 7.9%.
  • The market share of Japan in the East Asian market is around 14.9% and is currently valued at US$ 16.4 Mn in 2022.

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