Rice Flour Market Overview
The expansion of the worldwide rice flour market is being fueled by rising health awareness and a growing inclination for a healthy lifestyle among individuals. Rice flour is a nutrient-dense component found in a variety of dishes, including morning cereals and premixes. Furthermore, rice is a staple diet for most of the world’s population.
Rice is gluten-free and can be used in a variety of gluten-free recipes. Rice flour is utilised as a thickening agent and a wheat flour alternative in most applications. It is a significant source of minerals, fibre, vitamins, and proteins.
Key Players
Some of the key players in the global rice flour market Size 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).
Segment Analysis
The worldwide rice flour market has been split into white rice and brown rice, according to the source. Due to the high fibre content in white rice flour, the category with the largest market share in 2017 is predicted to increase at a faster rate during the projection period. High-fiber foods aid in the elimination of waste and the reduction of cholesterol levels in the body. Furthermore, factors such as the growing inclination for white rice flour in Asia Pacific are likely to enhance the market throughout the forecasted period. Brown rice flour is popular in North and South America, as well as Europe. As a result, during the projected period, the brown rice flour segment is expected to hold a significant proportion of these markets.
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 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 rice flour market is segmented, based on application, the market is segmented into bakery & confectionary, breakfast cereals and premixes, baby foods, sweet & savory snacks and others. Bakery & Confectionary segment is expected to account for major share in the market, due to usage of rice flour as a substitute to wheat flour.
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Regional Analysis
Based on region, the global rice flour market Size has been segmented by North America, Europe, Asia-Pacific, and RoW. 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 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 Size.
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