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Rice Derivative Market Trends

Report ID: GMI12286
Published Date: Nov 2024
Report Format: PDF

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Rice Derivative Market Trends

The rice derivative industry is experiencing dynamic growth trends, driven by the rising popularity of natural and organic food ingredients, especially within the plant-based and gluten-free sectors. Consumers are increasingly seeking rice derivatives like rice protein, starch, and flour as healthy alternatives, thanks to their hypoallergenic and easily digestible properties. The demand for clean-label products and transparency in food ingredients is also accelerating, making rice derivatives a preferred choice for functional foods, bakery items, and fortified beverages.

Additionally, technological advancements in processing are enhancing product quality and efficiency, supporting greater adoption in cosmetics and pharmaceuticals. Companies are expanding their offerings to meet this demand by developing innovative rice-based solutions for diverse applications, setting the stage for steady market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of rice derivative reached USD 19.1 billion in 2024 and is set to grow at a 5.8% CAGR from 2025 to 2034, driven by rising demand across various sectors such as food and beverage, pharmaceuticals, cosmetics, and nutritional supplements.

The rice starch segment generated USD 3.7 billion in revenue in 2024 and is expected to reach USD 6.4 billion by 2034, led by its diverse applications and valued properties such as texturizing, stabilizing, and hypoallergenic characteristics.

The China market was valued at approximately USD 2.6 billion in 2024, leading the Asia-Pacific region, primarily driven by high domestic demand and China’s role as a major rice producer.

The key players in the industry include Cargill, Kowa India, Adani Wilmar, Shafi Gluco Chem, Paras Group, Associated British Foods, Agarwal Group of Industries, Jain Group of Industries, Muerens Natural, Asharam & Sons, SACCHETTO, and RIBUS.