“Rice Flour Market | Global Industry Growth Analytics Report 2020 -2027
Rice Flour Market
The Rice Flour Market size was valued at USD
1090.7 million with a CAGR of 7.5% during the forecast period 2020-2027.
Rice flour is prepared by grinding rice kernels
into coarse or fine powder. Rice Flour Market Share is used commonly as
substitute to wheat flour, as wheat flour contains gluten. At the same time,
rice flour is used in soups, sauces, and gravies as a thickening agent. Rice
flour contains choline, it is required to maintain vital components of the
membranes. Rice flour is used in the preparation of bakery products, rice
noodles and deserts. All these factors are expected to drive the Rice Flour
Market in near future.
Rice
Flour Market Revenue has been growing due to its
gluten-free properties. The increasing prevalence of celiac disease and rising
adoption of gluten-free diet is resulting in manufacturers substituting
ingredients high in gluten with rice flour. Moreover, the health benefits of
rice flour have attracted the attention of the health-conscious consumers.
Regional Analysis
Based on region, the global rice flour market
has been segmented by North America, Europe, Asia-Pacific, and Row. The Asia
Pacific is expected to dominate the global rice flour market owing to the
increasing prevalence of gluten intolerance and celiac disease, especially in
Australia and Japan. Moreover, rice is considered a staple food in most parts
of Asia Pacific such as China, India, Japan, Indonesia, and Thailand, which is
also driving the growth of the regional rice flour market.
The organic rice flour market in North America
is expected to grow rapidly due to the increasing adoption of healthy,
gluten-free diets by the rising health-conscious population. Emerging markets
such as US and Canada are projected to contribute to the growth of the regional
rice flour market.
Segment Analysis
Based on the source,
the global rice flour market size has been segmented into white rice and brown
rice. The white rice flour segment accounted for the maximum market share in
2017 and is expected to grow at a higher rate during the forecast period due to
the high fiber content in the white rice flour. High-fiber foods help the body
eliminate waste and help lowering cholesterol levels in the body. Additionally,
the factors such as availability and high preference for white rice flour in
the Asia Pacific are expected to boost the market during the forecasted period.
Brown rice flour is mainly preferred in North America, South America, and
Europe. Therefore, the brown rice flour segment is expected to account for a
substantial share in these markets during the forecast period.
The global market for rice flour has also been
classified, by category, into organic and conventional. The conventional
segment is expected to dominate the market due to the widespread use of
conventional rice flour in the preparation of bakery & processed food
products. However, the organic segment is expected to grow at a higher CAGR
during the forecast period owing to increasing preference and high inclination
of consumers towards organic products. The awareness of the benefits of organic
products is increasing among the consumers which is expected to drive the
growth of the organic segment in the market.
The global target rice flour market analysis
is segmented, based on application, the market is segmented into bakery &
confectionery, breakfast cereals and premixes, baby foods, sweet & savory
snacks, and others. Bakery & Confectionary segment is expected to account
for a major share in the market, due to the usage of rice flour as a substitute
for wheat flour.
Key Players
Some of the key
Rice Flour Market Players in the global are Associated British Foods PLC (UK), Ebro
Foods, S.A. (Spain), Ingredion Incorporated (US), Archer-Daniels-Midland Co.
(US), Wilmar International Limited (Singapore), Bunge Ltd. (US), Whitworth
Bros. Ltd. (UK), The Soufflet Group (France), Shipton Mill Ltd. (UK),
KRÖNER-STÄRKE GmbH (Germany), Belourthe SA (Belgium), Bressmer & Francke
(Gmbh & Co.) KG (Germany), and EDME Food Ingredients Limited (UK).
NOTE: Our Team of Researchers is Studying
Covid19 and its Impact on Various Industry Verticals and wherever required we
will be considering Covid19 Footprints for Better Analysis of Market and
Industries. Cordially get in Touch for More Details.
Frequently Asked Questions (FAQ):
What is the Segment of Rice Flour Market?
·
Segments Covered By:
By Source, By Category, By Application, and By Region
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