Rice Flour Market (By Type: Long Grain, Medium and Short Grain, Pre-gelatinized; By Source: White Rice, Brown Rice; By Origin: Organic, Conventional; By Application: Bakery and Confectionary, Breakfast Solutions, Baby Food, Others; By Sales Channel: Direct Sales, Indirect Sales) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

Published Date : Aug 2021 | No. of Pages : 150+ Pages | Category : Consumer Goods

The global rice flour market size was valued at US$ 753 Million in 2020 and predicted to reach around US$ 1.5 billion by 2030, growing at a CAGR of 5% during the period 2021-2030.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing awareness about gluten-free products. In addition, increasing acceptance of "ready-to-eat" products among consumers is anticipated to boost the growth of the global rice flour market as well.

Rice flour is obtained by the milling of rice. It is a healthy food and used in many other food products. It is of three types, long grain, medium & short grain, and pre-gelatinized. Depending on the source, the rice flour market is bifurcated into white rice, and brown rice. Out of which, brown rice has more fires and antioxidants, whereas white rice is a rich source of empty calories.

Rice flour has high vitamin C content and antioxidants, which are used to repair the skin. Asia-Pacific has the highest share of the global rice flour market. One can expect that the rice flour market will grow at a substantial rate during the forecast period.

Rising health concerns among people and the increasing need for a gluten-free diet are facilitating the growth of flour market. Excess gluten concentration in food can pose a serious threat to human health and may lead to anemia, osteoporosis, intestinal damage, and infertility in the long run. Naturally gluten-free property of rice is likely to favor higher adoption of rice flour in near future. People in North America and Europe have been among the first consumers of pre-gelatinized or gluten-free flour over other flours due to rising health responsiveness.

Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increase in awareness about nutritional food and rise in the disposable income of people is driving the growth of the rice flour market. Rice contains para aminobenzoic acid, ferulic acid, and allantoin. Para aminobenzoic acid acts as a sunscreen for the body. Rice flour is also used for skin care as toner and to make the skin radiant. Along with this, rise in the consumption of vegan and gluten food is fueling the demand. However, the use of substitute products like wheat flour and the unsuitability of climate for rice cultivation are the limiting factors of the market. In contrast to this, investment in packaging and increased distribution channels are creating ample opportunities for the growth of rice flour market.

The U.S. Market is Estimated at $203.5 Million, While China is Forecast to Grow at 5.4% CAGR

The Rice Flour market in the U.S. is estimated at US$ 203.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 201.9 Million by the year 2030 trailing a CAGR of 6% over the analysis period 2020 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.7% respectively over the 2021-2030 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.

High Demand from the Bakery and Confectionery Sector to Boost Rice Flour Market

Increased understanding of celiac diseases caused by the ingestion of grains such wheat, rye, and barley is likely to shift attention toward gluten-free or not gluten-free products. There is actually no cure for celiac, and turning to a gluten-free diet is the only way this disease can be stopped from being contracted. This factor has resulted in a rise for demand of food products like gluten-free rice flour, which is likely to foster growth of the global rice flour market in the near future.

One of the major developments in the rice flour industry is the growing adoption and acceptance of organic-based rice flour. This rice flour is free from any kind of carcinogens, preservatives, and pesticides and is made of organically produced rice. A rising number of health-conscious customers are searching for natural and organic ingredients. They are searching for clean labels, nutritious items that are hormone-free and non-GMO. Market vendors have been inspired by this trend to introduce organic development initiatives, which is likely to work in favor of the global rice flour market in the forthcoming years.

Popularity of Gluten-Free Food to Bolster Rice Flour Market 

In 2016, hospitalizations for coeliac illness rose more than 600 percent from 1998 to 2013, according to DDW (Digestive Disease Week). The increased preference of rice flour over wheat flour is increased globally. Wheat and gluten sensitivity instances The growers are also accelerating the demand for rice flour as well as other gluten-free flours by applying white rice flour to a broad spectrum of flour based products as a gluten-free ingredient. With an increasing consumer base, baked and snack foods have become more tractable since the latest past, with enhanced, healthier, easier to cook and ready-to-eat choices for food to fit their busier lifestyle. This is expected to create immense demand in the global rice flour market in the coming years. 

The volatility of grains prices due to climate change is one of the main problems for the development of the worldwide rice flour industry. Climate irregularity and seasonal changes have an important effect on plants, which influence crop yields in many areas adversely, ultimately leading to input and price differences in production. Furthermore the volatility in crop prices is also due to fluctuating energy, chemicals and fertilizer expenses. 

Organic Rice Floor to Emerge as Key Market Trend 

Organic rice flour obtained from organic rice cultivated in accordance with organic farming laws and instructions and cultivated without any pesticides, synthetic fertilizers, chemicals or other noxious substances. In recent years there has been considerable worldwide growth in demand for organic flours such as organic wheat flour, organic rice flour and organic maize flour.  Increased consumer awareness of organic products and powerful public support for developing natural and nutritionally rich products are main factors driving demand for organic products on the world market. The demand for organic rice flour for bread, cookies, processed food, sweets, meats and sauces and other organic products is high.

Brown Rice to Witness Growing Demand, Application of Rice Flour in Breakfast Solutions to Surge

By source, the global rice flour market is segmented into white rice and brown rice. White rice is expected to hold a major revenue share, whereas brown rice segment is foreseen to witness higher adoption over 2021-2030. Based on type, the market is segmented as long grain, medium and short grain, and pre-gelatinized, of which medium and short grain segment is likely to be a larger one through to 2030. Furthermore, by origin, the global rice flour market is classified as organic and conventional, among which the latter will continue to account for a larger revenue share. On the basis of application, the market is segmented into bakery and confectionary, breakfast solutions, baby food, and others. Maximum consumption of rice flour is expected to be in bakery and confectionary end-use application, followed by baby food. Breakfast solutions are said to gain higher traction during the forecast period. By sales channel, direct sales will hold a larger share in terms of value and indirect sales are poised to witness a higher CAGR through to 2030.

APAC to Continue Dominance in Terms of Rice Flour Consumption

On the basis of region, the market for rice flour in Asia Pacific is anticipated to dominate the over other regional markets in terms of both value and volume in near future. APAC is expected to contribute a significant share to the total market revenues by 2025 end, attributed to soaring consumer dependence on rice flour as their staple food. Moreover, Australia and New Zealand (ANZ) is projected to exhibit a significant CAGR in terms of value during the forecast period.

Key Players

Some of the major companies operating in the global rice flour market are Associated British Foods PLC, Ebro Foods, S.A., Ingredion Incorporated, Archer-Daniels Midland Co., Wilmar International Limited, General Mills, Inc., Bunge Ltd., Whitworth Bros. Ltd., The Soufflet Group, Shipton Mill Ltd., KRÖNER-STÄRKE GmbH, Caremoli Group, Belourthe SA, Bressmer & Francke (Gmbh & Co.) KG, and EDME Food Ingredients Limited.

Market Segmentation:

Source 

  • White rice
  • Brown rice 

Type 

  • Long grain
  • Medium & short grain
  • Pregelatinized 

Origin 

  • Organic
  • Conventional 

Application 

  • Bakery & Confectionary
  • Breakfast solutions
  • Baby Food 

Sales Channel 

  • Direct
  • Indirect
  • Modern Trade Formats
  • Departmental Stores
  • Convenience Store
  • E-commerce
  • Other 

Region 

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

This report focuses on rice flour market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall rice flour market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global rice flour market.

The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global rice flour market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the rice flour market.

The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.

In this study, the years considered to estimate the market size of rice flour are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2030

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global rice flour market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

 Research Methodology

The research methodology adopted by analysts for compiling the global rice flour market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global rice flour market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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