Asia-Pacific Rice Flour market outlook with market drivers, Trend, Size, Share
Rice Flour Market Outlook
Asia-Pacific
rice flour market is experiencing robust growth, driven by the
widespread consumption of rice as a staple food and the increasing demand for
gluten-free alternatives. Rice flour is a key ingredient in many traditional
Asian dishes, such as noodles, dumplings, and desserts, contributing to its
high demand across the region. Additionally, the growing awareness of gluten
intolerance and the health benefits of rice flour fuel market growth. Key
players are leveraging technological advancements to enhance production
efficiency and meet the escalating demand. With Asia-Pacific's diverse culinary
heritage, the rice flour market is poised for continued expansion.
The Rice Flour Market Share was valued at USD
1090.7 million with a CAGR of 7.5% during the forecast period 2020-2030.
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 Size 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
research 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 overview 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),
Frequently Asked Questions (FAQ):
What is the Segment of Rice Flour Market?
Rice Flour Market : Segments Covered By:
By Source, By Category, By Application, and By Region.
Related Reports:
Natural Food Additives Market Research Report Information By Type (Preservatives, Bulk
Sweeteners, Sugar Substitutes, Emulsifiers, Anti-caking Agents, Enzymes,
Hydrocolloids, Food Flavors and Enhancers, Food Colorants, and Acidulants), By
Application (Bakery and Confectionery, Dairy and Desserts, Beverages, Meat and
Meat Products, Soups, Sauces, and Dressings and Other) And By Region (North
America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till
2032.
Water Bottle Market Research Report Information By Product Type (Insulated, Non-Insulated,
Filter Water Bottle, Infuser Water Bottle and Others), By Distribution Channel
(Online and Offline), By Material Type (Plastic, Stainless Steel, Glass and
Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The
World) –Market Forecast Till 2032
About Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), and Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team has a supreme objective to provide
the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications,
end-users, and market players for global, regional, and country-level market
segments, enable our clients to see more, know more, and do more, which helps
to answer all their most important questions.
To stay updated with the technology and work
process of the industry, MRFR often plans & conducts meetings with the
industry experts and industrial visits for its research analyst members.
Contact
us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York, New York 10013, United States of America
Sales:
+1 628 258 0071(US) +44 2035 002
764(UK)
Website: https://www.wantstats.com
Comments
Post a Comment