Rice Flour Market Research to Grow a CAGR during 2023 to 2032
Market Overview
Rice flour market
is projected to reach USD 1090.7 Million by 2032 at a 7.5% CAGR over the
forecast period. Rice bran has been produced by
grinding up the rice kernels into smooth and fine powder. Wheat flour contains
gluten and is another used alternative for rice flour. It is commonly used in
soups, sauces, and gravies a very thickening agent.
Rice
flour market insight containing choline is another most important
component of the membranes. It is very widely used for preparing bakery
products and rice noodles. It being free from gluten is very much prevalent for
causing celiac disease and highly adopting it is forcing the manufacturers to
substitute the ingredients rich in gluten with rice flour. The increase in
benefits of consuming rice flour has created health consciousness among the
consumers. Some of the organizations
launching new and innovative products have helped in the expansion of their
market infiltration.
Market
segmentation
The rice flour
market globally has been classified into the source, category, and application.
Based on the source the market is being divided into white rice and brown rice.
As per the category, the market is being divided into organic and inorganic.
Based on application, the market globally is being classified into the bakery,
confectionery, breakfast cereal, sweet, savory, snacks, premixes, and others.
Globally the market has been divided into four certain regions of North
America, Asia Pacific, Europe, and some regions in the rest of the world.
Regional
Classification
The North
American industry includes regions of Canada, Mexico, and the United States.
The European region has been segmented into Italy, Spain, Germany, the UK, and
the rest regions of the world. The regions of Asia Pacific include the regions
which are found to dominate the whole of the market. An increase in the
adoption of gluten-free products along with the increase in the incidence of
intolerance of gluten and celiac disease in the regions of Australia and Japan
are driving up the market size. The North American region has held an
influential share of the rice flour market due to the rise in demand for bakery
activities. The regions of the US and Canada are contributing more towards
growth and size expansion. The European market is occupying a high CAGR value
during the review period where the region of Germany and the UK are the leading
growth markets.
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Industry News
Some of the key
players playing in the global market are Associated British Foods Plc of the
United Kingdom, EDME Food Ingredients ltd of the United Kingdom, Ebro Foods SA
of Spain, Bressmer and Franke Gmbh and Co. KG Germany, Ingredion Incorporated
of the United States, Belourthe SA of Belgium, Archer Daniels Midland Co. of
the United States, KRONER STARKE Gmbh of Germany, Wilmar International ltd of
Singapore, Shipton Mill ltd of the United Kingdom, Bunge ltd of the United
States, The Soufflet Group of France and Whitworth Bros ltd of the United
Kindom. Ardent Mills 2016, had produced high durability rice flour for its
Canadian mills.
Market Outlook:
The rice
flour market outlook appears promising as the global demand for
gluten-free and healthier food alternatives continues to rise. Rice flour's
versatility and suitability for various culinary applications make it a
sought-after ingredient in both traditional and gluten-free diets. With a
growing awareness of dietary restrictions and the increasing popularity of
Asian cuisine worldwide, the rice flour market is poised for steady growth.
Additionally, advancements in rice flour processing technologies and the emergence
of innovative rice-based products are expected to fuel market expansion,
presenting opportunities for both established players and new entrants in the
industry.
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