Rice flour market is projected to reach USD 1090.7 Million by 2030 at a 7.5% CAGR over the forecast period. Rice bran has been produced by grinding up the rice kernels into smooth and fine powder. Wheat flour contains gluten and is another used alternative for rice flour. It is commonly used in soups, sauces, and gravies a very thickening agent.
Rice flour market insight containing choline is another most important component of the membranes. It is very widely used for preparing bakery products and rice noodles. It being free from gluten is very much prevalent for causing celiac disease and highly adopting it is forcing the manufacturers to substitute the ingredients rich in gluten with rice flour. The increase in benefits of consuming rice flour has created health consciousness among the consumers. Some of the organizations launching new and innovative products have helped in the expansion of their market infiltration.
Market segmentation
The rice flour market globally has been classified into the source, category, and application. Based on the source the market is being divided into white rice and brown rice. As per the category, the market is being divided into organic and inorganic. Based on application, the market globally is being classified into the bakery, confectionery, breakfast cereal, sweet, savory, snacks, premixes, and others. Globally the market has been divided into four certain regions of North America, Asia Pacific, Europe, and some regions in the rest of the world.
Regional Classification
The North American industry includes regions of Canada, Mexico, and the United States. The European region has been segmented into Italy, Spain, Germany, the UK, and the rest regions of the world. The regions of Asia Pacific include the regions which are found to dominate the whole of the market. An increase in the adoption of gluten-free products along with the increase in the incidence of intolerance of gluten and celiac disease in the regions of Australia and Japan are driving up the market size. The North American region has held an influential share of the rice flour market due to the rise in demand for bakery activities. The regions of the US and Canada are contributing more towards growth and size expansion. The European market is occupying a high CAGR value during the review period where the region of Germany and the UK are the leading growth markets.
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Industry News
Some of the key players playing in the global market are Associated British Foods Plc of the United Kingdom, EDME Food Ingredients ltd of the United Kingdom, Ebro Foods SA of Spain, Bressmer and Franke Gmbh and Co. KG Germany, Ingredion Incorporated of the United States, Belourthe SA of Belgium, Archer Daniels Midland Co. of the United States, KRONER STARKE Gmbh of Germany, Wilmar International ltd of Singapore, Shipton Mill ltd of the United Kingdom, Bunge ltd of the United States, The Soufflet Group of France and Whitworth Bros ltd of the United Kindom. Ardent Mills 2016, had produced high durability rice flour for its Canadian mills.
Market Outlook:
The rice flour market outlook appears promising as the global demand for gluten-free and healthier food alternatives continues to rise. Rice flour's versatility and suitability for various culinary applications make it a sought-after ingredient in both traditional and gluten-free diets. With a growing awareness of dietary restrictions and the increasing popularity of Asian cuisine worldwide, the rice flour market is poised for steady growth. Additionally, advancements in rice flour processing technologies and the emergence of innovative rice-based products are expected to fuel market expansion, presenting opportunities for both established players and new entrants in the industry.
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