Rice Flour Market Projected To Reach Nearly US$ 1.96 Bn By 2029

Published: 2023-12-20
Views: 189
Author: mahesh07
Published in: Business

The Rice Flour Market, which was valued at US$ 1.2 billion in 2022, is expected to grow at a 6.1% annual rate from 2023 to 2029, reaching nearly US$ 1.96 billion. Rice flour, which is finely ground from rice grains, stands out as a versatile gluten-free alternative to traditional wheat flour, making it a go-to choice for those with gluten sensitivities or following a gluten-free diet. The meticulous milling process yields textures ranging from fine to coarse, catering to a wide range of preferences. The market's expansion is being fueled by rising demand for gluten-free products, which is being driven by increased awareness of gluten-related health concerns. Rice flour is becoming a popular substitute, embraced by both consumers seeking dietary alternatives and food manufacturers incorporating it into a variety of products.

Rice Flour Market Report Scope and Research Methodology

MMR published a Rice Flour Market report to help clients understand future product demand by providing valuable insights into the global Rice Flour industry. The report synopsis provides detailed information on market size, growth factors, statistics, key players, and a comprehensive regional and national market scenario.

The Rice Flour market report provides in-depth information on sales, revenue, product types, applications, and key players. It makes use of primary and secondary research, segmentation, and various forecasting methods. PESTEL analysis examines micro and macroeconomic factors, whereas SVOR analysis estimates new opportunities, strengths, and risks. The Porter Five Forces model examines key players and market competition.

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Rice Flour Market Regional Insights

The report compares market size, Rice Flour growth rate, and import-export across the following regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa.

Rice Flour Market Segmentation

Based on Type, White rice flour typically dominates the market due to its versatile applications in gluten-free baking, cooking, and as a thickening agent. Its neutral taste, fine texture, and longer shelf life compared to brown and glutinous rice flours contribute to its widespread use in various cuisines, driving its dominance in the rice flour market. The dominance in the rice flour market varied across segments and regions. White rice flour tends to be the most prevalent globally due to its versatility in gluten-free baking, Asian cuisine, and as a thickening agent. Its popularity stems from being a staple in various gluten-free and traditional diets worldwide. Brown rice flour, despite its nutritional benefits from the bran layer, holds a smaller market share due to its slightly grittier texture and shorter shelf life compared to white rice flour. Glutinous rice flour, commonly used in Asian desserts and dishes, maintains a niche but growing market owing to the increasing popularity of Asian cuisines globally.

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by Type

White Rice Flour
Brown Rice Flour
Glutinous Rice Flour

by Category

Organic
Conventional

by Application

Food and Beverage Industry
Cosmetics and Personal Care Industry
Pharmaceutical Industry

Rice Flour Market Key Players

1. Burapa prosper
2. Thai flour industry
3. Pornkamon Rice Flour Mills Co. Ltd.
4. Ardent Mills Canada
5. Koda farms
6. Lieng Tong
7. Shipton Mill Ltd.
8. Woodland Foods Ltd.
9. Associated British Foods PLC
10. Ebro Foods S.A.
11. Archer-Daniels Midland Co.
12. Bunge Ltd
13. Ingredion Incorporated
14. Whitworth Bros. Ltd.
15. Belourthe SA

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