Rice Flour Market Research Overview:
Global Rice Flour Market by Source (White Rice and Brown Rice), Origin (Conventional and Organic), Type (Short Grain, Medium, and Long Grain), Sales Channel (Indirect Sales and Direct Sales), Application (Baby Food, Breakfast Solutions, Bakery and Confectionary, and others), and Region, In-Depth Analysis, Detailed Overview, and Forecast, 2020-2025
The global Rice Flour Market was valued at USD 713 million in 2017 and is anticipated to reach an extent of USD 1004.01 million with a CAGR of 4.5% throughout the conjecture period of 2020-2025.
Market Drivers and Restraints:
The growing number of applications of rice flour and organized with the rising demand for organic rice food products are the key growth issues of the rice flour market. In addition, increasing health awareness and preference for healthier lifestyles by people in developed and developing economies are other important factors that are expected to stimulate growth in the global rice flour market during the forecast period. Potential factors in the global rice flour market are increasing health problems leading to high demand for gluten-free products, which is the main driver of the market. As per the Digestive Disease Week (DDW), celiac disease cases have amplified by over 600%, causing in increased sensitivity to wheat and gluten products.
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By source, the global rice flour market is segmented into white rice and brown rice. White rice is expected to have a significant share of revenue, while the brown rice segment will experience more adoption in the coming years.
Depending on type, the market is segmented into long grain, medium and short grain, and pregelatinized, with the medium and short grain segment likely to be the largest until 2025.
By origin, the global market for rice flour is classified as organic and conventional, of which the latter will continue to represent a greater proportion of income.
Based on the application, the global market is segmented into bakery and confectionery, breakfast solutions, baby food and others. The maximum demand for rice flour is found in bakery and confectionery industry, trailed by baby food. Breakfast solutions are said to gain popularity during the calculated period.
By sales channel, direct sales will have a greater share in terms of value and indirect sales should experience a higher CAGR until 2025.
The global Rice Flour market has been categorized by geography in five regions, namely North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Asia-Pacific is expected to dominate the global rice flour market during the forecast period due to the increasing adoption of a gluten-free diet.
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The Rice Flour Market is concentrated with leading players like Burapa Prosper, Shipton Mill Ltd., Associated British Foods PLC, The Soufflet Group, Whitworth Bros. Ltd., Bunge Ltd., Wilmar International Limited, Archer-Daniels Midland Co., and others.
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