ID: MRFR/F-B & N/5976-HCR | February 2023 | Region: Global | 90 Pages
The Rice Flour Market size was valued at USD 1090.7 million with a CAGR of 7.5% during the forecast period 2020-2027
$1090.7 Million
7.5%
Asia Pacific
2020-2027
Rice flour is prepared by grinding rice kernels into coarse or fine powder. Rice flour is used commonly as substitute to wheat flour, as wheat flour contains gluten. At the same time, rice flour is used in soups, sauces and gravies as a thickening agent. Rice flour contains choline, it is required to maintain vital components of the membranes. Rice flour is used in the preparation of bakery products, rice noodles and deserts. All these factors are expected to drive the Rice Flour Market in near future.
Rice Flour Market has been growing due to its gluten-free properties. The increasing prevalence of celiac disease and rising adoption of gluten-free diet is resulting in manufacturers substituting ingredients high in gluten with rice flour. Moreover, the health benefits of rice flour have attracted the attention of the health-conscious consumers.Â
Segmentation
Rice Flour Market has been segmented by source, category and application.
By source, the global market has been classified as white rice and brown rice.
The global market has also been segregated, on the basis of category, into organic and conventional.
On the basis of application, the global market is further segmented into bakery & confectionary, breakfast cereals & premixes, baby foods, sweet & savory snacks and others.
The global market has been studied among four key regions—North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The North American rice flour market has further been segmented into the US, Canada, and Mexico. The European rice flour market has been classified as the UK, Germany, France, Italy, Spain, and the Rest of Europe. The rice flour industry in Asia-Pacific has been divided into China, India, Japan, and the rest of Asia-Pacific. The rice flour industry in the RoW has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Rice Flour Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis
Asia Pacific is expected to dominate the market for rice flour during the forecast period owing to the increasing adoption of gluten-free diet. Rising incidences of gluten intolerance and celiac disease in Australia and Japan are a major driver for the growth of the global market in Asia Pacific. North America is also expected to hold a significant share of the global rice flour industry due to rising demand in bakery applications. The US and Canada are the major contributors to the growth of the North American market. The market in Europe is projected to register a high CAGR during the forecast period with Germany and UK being the largest country-level markets for rice flour in the region. The use of rice flour in the preparation of various dishes is likely to drive market growth in the rest of the world.  Â
Global Rice Flour Market, by Source
Global Rice Flour Market, by Category
Global Rice Flour Market, by Application
Global Rice Flour Market, by Region
Key Players in the Global Rice Flour Market
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 1090.7 Million |
CAGR | 7.5% (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Source, By Category, By Application, and By Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | EDME Food Ingredients Limited (UK), Belourthe SA (Belgium), Shipton Mill Ltd. (UK), The Soufflet Group (France), Whitworth Bros. Ltd. (UK), Bunge Ltd. (US) |
Key Market Opportunities | Rising incidences of gluten intolerance and celiac disease |
Key Market Drivers | Health benefits of rice flour have attracted the attention of the health-conscious consumers |
Rice Flour Market is expected to expand at 7.5% CAGR from 2020 to 2027.
Rice Flour Market size can reach USD 1090.7 Million by 2027.
EDME Food Ingredients Limited (UK), Belourthe SA (Belgium), Shipton Mill Ltd. (UK), The Soufflet Group (France), Whitworth Bros. Ltd. (UK), Bunge Ltd. (US)