The Asia Pacific Rice Starch Market would witness market growth of 6.7% CAGR during the forecast period (2022-2028).
Rice starch joined with a conditioner Cetriomonium Chloride, is used for the regeneration and refreshment of the hair while absorbing excess sebum and adding styling benefits. Usually, these products are available in standard white color as well as in other color versions of black, blonde, and brown.
Rice starch is also used in cleaning products, as the starches are also efficient in foam profiles, enhancing the bubble size characteristics, resulting in denser, reamer foam while leaving silky skin after application. Also, a natural alternative to opacifiers where they give a milky look formulation. Starches constitute multi-functional addition to the vast range of cosmetic products, for instance, lotions, creams, body balms, anhydrous products, antiperspirants, color cosmetics, dry shampoo powders, and cleaning products.
China’s early rice output witnessed a 0.4 % increase in 2022 due to many government support policies. The outcome reached 28.12 million tons which were 106,000 tons more than the last year, stated by the National Bureau of Statistics (NBS). Since the start of the year, the government has taken various measures to stabilize double-cropping rice production, including raising the minimum purchase price of rice and increasing incentives for primary grain-producing counties. The massive amount of rice production will ensure a lower cost of raw material and thus the increased usage of rice starch by various industries, propelling the rice starch market in the region.
The China market dominated the Asia Pacific Rice Starch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $75.7 million by 2028.The Japan market is estimated to grow a CAGR of 6.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.4% during (2022 - 2028).
Based on Form, the market is segmented into Native and Modified. Based on Type, the market is segmented into Regular and Waxy. Based on Nature, the market is segmented into Conventional and Organic. Based on End Use, the market is segmented into Food & Beverages, Laundry, Paper, Pharmaceutical, Cosmetics & Personal Care and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Rice Starch Market is Projected to reach USD 752.2 Million by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingredion Incorporated, BENEO GmbH (Südzucker AG), A&B Ingredients, Inc., Bangkok Starch Industrial Company Limited, Jiangxi Golden Agriculture Biotech Co., Ltd., Thai Flour Industry Co., Ltd., Ettlinger Corporation, Starch Asia, WFM Starch Products, and Pruthvi's Foods Private Limited.
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