Thailand Rice Derivatives Market- Trend Analysis & Forecasts
Description
Thailand Rice Derivatives Market Overview:
Thailand’s rice derivatives market—comprising rice bran oil, flour, starch, protein isolates, and husk ash—was valued at US$ ** billion in 2024. With the country producing around ** million tonnes of milled rice and exporting over ** million tonnes, surplus byproducts like bran and broken rice fuel value-added processing. The rice bran oil segment alone contributed US$ ** million in 2024, while rice flour and starch exceeded US$ ** billion, driven by Thailand’s modern milling infrastructure and export-oriented policies. Government initiatives, such as the BCG (Bio-Circular-Green) economy model, are further promoting sustainable growth across the sector.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Thailand’s rice derivatives market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The rise in global demand for gluten-free and plant-based products has significantly boosted Thai exports of rice starch and protein, which grew **% and 7.2% respectively in 2024. Rice bran oil, known for its heart-healthy benefits, saw a **% surge in export volumes, particularly to Japan and South Korea, with sales reaching US$ ** million. Domestic consumption is also rising, with **% of derivatives used locally across food, cosmetic, and feed industries. Technological innovations like enzymatic extraction and expanded production investments—such as Thai Edible Oil Co.’s US$ ** million capacity boost—are strengthening Thailand’s global competitiveness.
Market Restraints & Challenges
Despite robust growth, the sector faces issues including climate-driven crop volatility and rising production costs. A **% decline in paddy output during the 2023 drought reduced raw material supply for derivative processors. Rice starch production remains **% more expensive than corn starch, limiting price competitiveness. Regulatory pressures, such as TISI’s environmental compliance standards, add to operational costs. Moreover, fragmented supply chains—dominated by smallholder farmers with limited post-harvest technology—continue to hinder quality consistency and efficiency in sourcing raw materials for derivative manufacturing.
Market Segmentation
By product, rice bran oil led with US$ ** million in 2024, followed by starch and flour at over US$ ** billion combined. Rice protein isolates, valued at US$ ** million, are the fastest-growing segment with 7.2% CAGR. The food and beverage industry accounted for **% of total demand, while cosmetics used **% and animal feed **%. On the trade front, East Asia was the top destination, importing **% of total exports, with Japan, South Korea, and China driving demand. Europe also played a significant role, with EU rice protein and starch imports from Thailand valued at US$ ** million in 2024.
Competitive Landscape
The market is moderately consolidated, led by firms like Thai Edible Oil Co., Asia Golden Rice, and Siam Grains, who together held nearly **% market share in 2024. Innovation and integration are key strategies, with Asia Golden Rice investing US$ ** million in starch processing and Thaitanic Rice Biotech launching a new rice protein isolate. In 2023, Thai Foods Group acquired **% of RiceMills BioExtracts to enter the cosmetics-grade derivative space. International partnerships, such as Nisshin Oillio’s expanded distribution agreement with Thai Rice Industries, are further expanding Thailand’s global market footprint.
Outlook
The Thailand rice derivatives market is projected to grow from US$ ** billion in 2024 to US$ ** billion by 2032, at a CAGR of **%. Demand for clean-label, plant-based, and value-added rice products will remain strong, particularly in Asia-Pacific, Europe, and the Americas. Supportive government policies and improved processing technologies will drive efficiency and product quality. However, climate risks and raw material price volatility could pose short-term disruptions. Still, Thailand’s strong agricultural base, export infrastructure, and innovation pipeline will sustain its leadership in the global rice derivatives industry through 2032.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Product Type (Rice Bran Oil, Rice Flour, Rice Starch, Rice Protein Isolate & Hydrolysate, and Others)
By End-use Industry (Food & Beverage, Cosmetics & Personal Care, Animal Feed, and Industrial Uses)
By Sales (Domestic Sales and Exports)
• Companies Profiled: The market players include, Thai Edible Oil Co., Ltd., Asia Golden Rice Co., Ltd., Siam Grains Co., Ltd., Thai Foods Group PCL, Thai Rice Industries Co., Ltd., Capital Rice Co., Ltd., Riso (Thailand) Co., Ltd., Thai Lee Agriculture Co., Ltd., Suphanburi Flour Mill Co., Ltd., Siam Rice Biotech Co., Ltd., Thaitanic Rice Biotech Co., Ltd., Ubon Bio Ethanol PCL, Thai Starch Co., Ltd., Lanna Agro Industry Co., Ltd., Chia Tai Group, and Others, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Thailand’s rice derivatives market—comprising rice bran oil, flour, starch, protein isolates, and husk ash—was valued at US$ ** billion in 2024. With the country producing around ** million tonnes of milled rice and exporting over ** million tonnes, surplus byproducts like bran and broken rice fuel value-added processing. The rice bran oil segment alone contributed US$ ** million in 2024, while rice flour and starch exceeded US$ ** billion, driven by Thailand’s modern milling infrastructure and export-oriented policies. Government initiatives, such as the BCG (Bio-Circular-Green) economy model, are further promoting sustainable growth across the sector.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the Thailand’s rice derivatives market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
The rise in global demand for gluten-free and plant-based products has significantly boosted Thai exports of rice starch and protein, which grew **% and 7.2% respectively in 2024. Rice bran oil, known for its heart-healthy benefits, saw a **% surge in export volumes, particularly to Japan and South Korea, with sales reaching US$ ** million. Domestic consumption is also rising, with **% of derivatives used locally across food, cosmetic, and feed industries. Technological innovations like enzymatic extraction and expanded production investments—such as Thai Edible Oil Co.’s US$ ** million capacity boost—are strengthening Thailand’s global competitiveness.
Market Restraints & Challenges
Despite robust growth, the sector faces issues including climate-driven crop volatility and rising production costs. A **% decline in paddy output during the 2023 drought reduced raw material supply for derivative processors. Rice starch production remains **% more expensive than corn starch, limiting price competitiveness. Regulatory pressures, such as TISI’s environmental compliance standards, add to operational costs. Moreover, fragmented supply chains—dominated by smallholder farmers with limited post-harvest technology—continue to hinder quality consistency and efficiency in sourcing raw materials for derivative manufacturing.
Market Segmentation
By product, rice bran oil led with US$ ** million in 2024, followed by starch and flour at over US$ ** billion combined. Rice protein isolates, valued at US$ ** million, are the fastest-growing segment with 7.2% CAGR. The food and beverage industry accounted for **% of total demand, while cosmetics used **% and animal feed **%. On the trade front, East Asia was the top destination, importing **% of total exports, with Japan, South Korea, and China driving demand. Europe also played a significant role, with EU rice protein and starch imports from Thailand valued at US$ ** million in 2024.
Competitive Landscape
The market is moderately consolidated, led by firms like Thai Edible Oil Co., Asia Golden Rice, and Siam Grains, who together held nearly **% market share in 2024. Innovation and integration are key strategies, with Asia Golden Rice investing US$ ** million in starch processing and Thaitanic Rice Biotech launching a new rice protein isolate. In 2023, Thai Foods Group acquired **% of RiceMills BioExtracts to enter the cosmetics-grade derivative space. International partnerships, such as Nisshin Oillio’s expanded distribution agreement with Thai Rice Industries, are further expanding Thailand’s global market footprint.
Outlook
The Thailand rice derivatives market is projected to grow from US$ ** billion in 2024 to US$ ** billion by 2032, at a CAGR of **%. Demand for clean-label, plant-based, and value-added rice products will remain strong, particularly in Asia-Pacific, Europe, and the Americas. Supportive government policies and improved processing technologies will drive efficiency and product quality. However, climate risks and raw material price volatility could pose short-term disruptions. Still, Thailand’s strong agricultural base, export infrastructure, and innovation pipeline will sustain its leadership in the global rice derivatives industry through 2032.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2032
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Segments Covered:
By Product Type (Rice Bran Oil, Rice Flour, Rice Starch, Rice Protein Isolate & Hydrolysate, and Others)
By End-use Industry (Food & Beverage, Cosmetics & Personal Care, Animal Feed, and Industrial Uses)
By Sales (Domestic Sales and Exports)
• Companies Profiled: The market players include, Thai Edible Oil Co., Ltd., Asia Golden Rice Co., Ltd., Siam Grains Co., Ltd., Thai Foods Group PCL, Thai Rice Industries Co., Ltd., Capital Rice Co., Ltd., Riso (Thailand) Co., Ltd., Thai Lee Agriculture Co., Ltd., Suphanburi Flour Mill Co., Ltd., Siam Rice Biotech Co., Ltd., Thaitanic Rice Biotech Co., Ltd., Ubon Bio Ethanol PCL, Thai Starch Co., Ltd., Lanna Agro Industry Co., Ltd., Chia Tai Group, and Others, and Others.
Please note: It will take 4-5 business days to deliver the report upon receipt the order.
Table of Contents
138 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1. Objectives & Scope of the Study
- 2.2. Definitions & Economic Importance
- 2.3. Research Methodology
- 2.4. Factors and Decision Matrix Analysis
- 2.5. Limitations & Challenges
- 3. Product/ Market Overview
- 3.1. Thailand Rice Derivatives Supply Chain
- 3.2. Processing & Grading
- 3.3. Rice Derivatives Uses & Application Areas
- 3.4. Regulatory Analysis
- 4. Thailand: Country Profile
- 5. Global Rice Derivatives Market: An Overview
- 6. Thailand Rice Derivatives Market Growth Factors Analysis
- 6.1. Drivers and Restraints Analysis
- 6.2. Challenges and Opportunities Analysis
- 6.3. Thailand Rice Derivatives Industry SWOT Analysis
- 6.4. Thailand Rice Derivatives Market PESTEL Analysis
- 6.5. Thailand Rice Derivatives Market Porter's Five Forces analysis
- 7. Thailand Rice Derivatives Market: Supply-Demand Analysis
- 7.1. Thailand Rice Production Trend
- 7.2. Thailand Rice Derivatives Production Trend
- 7.3. Thailand Rice Derivatives Processing Trend
- 7.4. Domestic Consumption
- 7.5. Import/Export Demand
- 7.6. Rice Derivatives Supply Chain Analysis
- 7.7. Rice Derivatives Product Variants
- 8. Thailand Rice Derivatives Market: Segmentation Analysis
- 8.1. By Product Type
- 8.1.1. Rice Bran Oil
- 8.1.2. Rice Flour
- 8.1.3. Rice Starch
- 8.1.3. Rice Protein Isolate & Hydrolysate
- 8.1.3. Others
- 8.2. By End-use Industry
- 8.2.1. Food & Beverage
- 8.2.2. Cosmetics & Personal Care
- 8.2.3. Animal Feed
- 8.2.4. Industrial Uses
- 8.3. Thailand Rice Derivatives Market, by Sales
- 8.3.1. Domestic Sales
- 8.3.2. Exports
- 9. Thailand Rice Derivatives Market: Trade (Export & Import) Analysis
- 9.1. Rice Derivatives Export Trend Analysis
- 9.2. Top 5 Export Destinations of Thailand Rice Derivatives
- 9.3. Analysis on Countries Importing Rice Derivatives from Thailand
- 9.4. List of Key Companies Exporting Rice Derivatives (Sellers)
- 9.5. List of Key Companies Importing Rice Derivatives (Overseas Buyers)
- 10. Thailand Rice Derivatives Market: Price Trend Analysis
- 10.1. Domestic Price Trend
- 10.2. Trade Price Trend
- 10.3. Price Seasonality & Price Pattern Analysis
- 10.4. Price Events Analysis
- 11. Competitive Analysis
- 11.1. Thailand Rice Derivatives Market Mapping
- 11.2. Company Profiles
- 11.2.1. Thai Edible Oil Co., Ltd.
- 11.2.2. Asia Golden Rice Co., Ltd.
- 11.2.3. Siam Grains Co., Ltd.
- 11.2.4. Thai Foods Group PCL
- 11.2.5. Thai Rice Industries Co., Ltd.
- 11.2.6. Capital Rice Co., Ltd.
- 11.2.7. Riso (Thailand) Co., Ltd.
- 11.2.8. Thai Lee Agriculture Co., Ltd.
- 11.2.9. Suphanburi Flour Mill Co., Ltd.
- 11.2.10. Siam Rice Biotech Co., Ltd.
- 11.2.11. Thaitanic Rice Biotech Co., Ltd.
- 11.2.12. Ubon Bio Ethanol PCL
- 11.2.13. Thai Starch Co., Ltd.
- 11.2.14. Lanna Agro Industry Co., Ltd.
- 11.2.15. Chia Tai Group
- *Each company profile includes Company Business Overview, Primary Business Activities, Products Offered, SWOT Analysis, and relevant other relevant details.
- 12. Conclusion
- 13. Appendix
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