PUBLISHER: Acute Market Reports | PRODUCT CODE: 1234354
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1234354
Rice Flour Market Expected to Grow at 4.5% by 2031.
Rice flour is a type of flour which is made from milled rice. It is considered as a decent substitute for wheat flour, which often hampers the functioning of digestive system. Key property of rice flour is that it restricts liquid separation therefore it is used a thickening agent for recipes to be kept in refrigerator.
Potential global rice flour market drivers are increase in health concerns resulting in heavy demand for gluten-free products is the key driver boosting the global rice flour market. As per Digestive Disease Week (DDW) celiac disease cases have increased by more than 600% resulting in increased sensitivity for gluten and wheat products. Excess gluten concentration in food leads to osteoporosis, infertility intestinal damage etc.
Apart from this, increasing demand trend for improved, healthy, easy-to cook, and read-to-eat food, coupled with busy lifestyle of people which demands baked goods and food on-the go is anticipated to further accelerate global rice flour market. High expansion of bakery products followed by preference of rice flour over any other flour is forecasted to boost the global rice flour market at a rapid rate resulting in enormous business opportunities for rice flour manufacturers. Rice flour is naturally gluten-free hence the demand for rice flour owning to nutritional qualities is quiet high. Restrain of the market include price volatility due to climate changes. Seasonal or climatic variations affect crops, agricultural yields thus leading to fluctuations in input and output price. In addition to this, fluctuating costs of chemicals, energy, and fertilizers also stimulate the price fluctuation in crops.
By source, global rice flour market is bifurcated into white rice and brown rice where white rice is leads the segment in terms of revenue however, brown rice is anticipated to witness significant adoption in the upcoming years. On basis of type, the same market is segmented into long grain, medium & short grain and pre gelatinized among which medium & short grain segment is estimated to contribute to a larger share of the market. By origin, the market is bifurcated into organic and conventional, out of which conventional method is anticipated to witness rapid growth. On basis of application, the market is segmented into bakery & confectionary, breakfast solutions and baby food among which breakfast solutions is anticipated to hold larger market share.
On the basis of geography, global rice flour market is segmented into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. In 2017, Asia Pacific was the market leader and is expected to continue to dominate the global rice flour market during the forecast period. This is mainly attributed to increase in rice consumption and acceptance of rice as a staple food. In North America and Europe, pre-gelatinized consumption is at an increasing trend owning to health awareness to avoid gluten-free products. Other drivers of rice flour market in North America are continuous increase trend for disposable income and shift in consumer taste preferences towards rice. In addition, increasing awareness for protein-rich diet, coupled with rapid development of fast food industry, for example, gluten-free pasta, gluten-free sweets which use rice flour as an essential ingredient during preparation is also expected to bolster the market growth.
Key players across the global rice flour market value chain are:
Burapa Prosper, Archer Daniels Midland Company, Thai Flour Industry ¸ Ardent Mills Canada, Rose brand, ConAgra Foods, Inc., Koda farms, Associated British Foods plc, General Mills Inc., Pornkamon Rice Flour Mills, EDME Food Ingredients Limited (UK), Belourthe SA (Belgium), Shipton Mill Ltd. (UK), The Soufflet Group (France), Whitworth Bros. Ltd. (UK), Bunge Ltd. (US), Archer Daniels Midland Co., Ardent Mills Co., Associated British Foods Plc, BELOURTHE SA, Bob's Red Mill Natural Foods Inc, General Mills Inc, Ingredion Inc., Pornkamon Rice Flour Mills Co. Ltd., Thai Flour Co. Ltd, Woodland Foods Ltd, Whitworth Bros. Ltd., Ebro Foods, S.A., Wilmar International Limited, The Soufflet Group, Caremoli Group, Bressmer & Francke (Gmbh & Co.) KG, KRONER-STARKE GmbH And Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Rice Flour market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Rice Flour market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Source
White Rice
Brown Rice
Type
Long Grain
Medium & Short Grain
Pregelatinized
Origin
Organic
Conventional
Application
Bakery & Confectionary
Breakfast solutions
Ba
Food
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Rice Flour market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Rice Flour market?
Which is the largest regional market for Rice Flour market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Rice Flour market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Rice Flour market worldwide?