In 2023, the worldwide Rice Flour Market is expected to be worth $895 million. Global demand for rice flour is predicted to reach US$ 1.3 billion by the end of 2033, expanding at a CAGR of 4.1% from 2023 to 2033.
Rice flour is made by milling rice kernels into a fine or coarse powder. The husk of paddy or rice is removed to produce crude rice, which may then be processed into flour. It is commonly used as a gluten-free alternative for wheat flour. Rice flour is used to thicken gravies, sauces, and soups. Rice flour is high in choline, which helps to keep the key components of membranes functioning properly.
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Rice flour is high in choline, which helps to keep the key components of membranes functioning properly. Rice flour is used to make a variety of pastry items, sweets, and rice noodles. The primary rationale for using rice flour is because it is gluten-free.
The growing awareness of gluten-free food products has increased demand for natural rice flour, particularly among people suffering from celiac disease and gluten sensitivity. Gluten sensitivity can cause discomfort, gastrointestinal difficulties, cerebral ache, minor digestive tract edema, and blockage. Gluten intolerance can also lead to attention deficit/hyperactivity disorder (ADHD) and weight loss.
Competitive Landscape:
Key suppliers of rice flour are involved in mergers & acquisitions to expand their footprints across the globe.
For instance :
Western Foods, LLC is a supplier of various allergen-free and gluten-free products mainly old grains and rice to food processors around the world. It is situated in the center of the median rice-growing region in California. In December 2019, the company acquired American Sunny Foods, Inc., which produces rice flour and is based in Stockton, California.
Key Players:
- Archer Daniels Midland Company
- Associated British Foods PLC
- Bunge Ltd.
- Ebro Foods S.A.
- General Mills, Inc.
- Ingredion, Inc.
- Wilmar International Ltd.
- EDME Food Ingredients Limited
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Which Factor Adversely Affects the Sales Growth for Rice Flour?
Owing to climatic changes, prices of rice flour are not fixed but rather unpredictable. Occasional varieties and unpredictable climatic conditions fundamentally influence agricultural yields. Thus, these factors can bring variations in the cost of the yield.
Composts, synthetic compounds, and fluctuating expenses can lead to instability in yield expenses. These uncertainties in the financial aspect of rice yield can impact the adoption of rice flour around the world.
Regional Analysis:
Japan is one of the notable countries in the Asia Pacific area with a significant demand for rice flour. Japanese people have a high frequency of celiac disease and gluten sensitivity, which boosts rice flour sales even further. Demand for rice flour in Japan is expected to grow at a 2.3% CAGR from 2023 to 2033.
In 2022, sales of rice flour in the United States will exceed $218 million. The rising demand for rice flour as a gluten-free baking ingredient is expected to boost sales in the coming years. Demand for rice flour in Canada is expected to increase at a CAGR of 3.5% between 2023 and 2033.
During the projection period, sales of rice flour in Germany are expected to grow at a CAGR of 2.9%. The increased use of rice flour in confectionary goods is driving up demand for rice flour in Germany.
Key Segments of Industry:
- By Product :
- Medium & Short Grain
- Long Grain
- Pre-Gelatinized
- By Source :
- White Rice
- Brown Rice
- By Origin :
- Conventional
- Organic
- By Application :
- Bakeries & Confectioneries
- Baby Foods
- Breakfast Solutions
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