Rice Flour Market Market size is set to grow by USD 328.6 million from 2024-2028, Increasing awareness about gluten-free products boost the market, Technavio

NEW YORK, June 5, 2024 /PRNewswire/ -- The global rice flour market market size is estimated to grow by USD 328.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 3.98% during the forecast period. 

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Market Driver

The organic rice flour market is experiencing growth due to the rising preference for healthy foods and awareness of the harmful effects of chemicals in conventional rice flour. Made from organically cultivated rice, this product is free of fertilizers, pesticides, preservatives, and harmful substances like arsenic.

Consumers are seeking clean labels and natural ingredients, leading to increased demand for non-GMO, hormone-free, and organic rice flour. Regional governments are also supporting organic farming, encouraging farmers to shift to organic strains and reducing new rice planting. These factors contribute to the growth of the global rice flour market. 

The rice flour market is experiencing significant growth due to increasing consumer preference for gluten-free and clean label food products. Producers are focusing on improving product quality and consistency to cater to this trend.

The market also witnesses high demand from the baking industry for making cakes, pastries, and noodles. Additionally, rice flour is used in cosmetics and pharmaceuticals, contributing to its market expansion. Key players in the market include suppliers of organic and conventional rice flour. The future looks promising for rice flour as it continues to gain popularity in various industries. 

Market Challenges

• The rice flour market faces significant challenges due to the dependence on rice production. Climate change and unfavorable weather conditions can impact rice yields, leading to supply shortages and price increases. Over 80% of rice is produced in the Asia Pacific region, making it particularly vulnerable to weather-related disruptions.
• Extreme weather events, such as droughts and floods, can cause demand-supply imbalances and price volatility for rice flour. By 2050, rice prices are projected to rise by 30-40% due to climate change, potentially hampering the growth of the global rice flour market.
• The rice flour market faces several challenges. Supply and demand imbalances, particularly in key regions like Korea and Japan, impact the industry. The choice of production processes, such as chemical or enzymatic methods, influences the final product's quality and price. Consistent availability of high-quality raw materials is crucial for maintaining product consistency.
• Additionally, regulatory requirements in various countries can pose challenges in terms of compliance and certification. Producers must navigate these challenges to remain competitive in the rice flour market.

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Segment Overview 

1. Application 
• 1.1 Bakery and confectionery
• 1.2 Breakfast foods
• 1.3 Baby food
• 1.4 Others
2. Type 
• 2.1 Conventional
• 2.2 Organic
3. Geography 
• 3.1 APAC
• 3.2 Europe
• 3.3 North America
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Bakery and confectionery- The Rice Flour Market is experiencing steady growth due to its widespread usage in various industries. Food processing is a significant sector driving demand, as rice flour is a key ingredient in numerous dishes. Additionally, the pharmaceutical industry utilizes rice flour as a binding agent in medication production. Its versatility and accessibility make rice flour a valuable commodity in both domestic and international markets.

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Research Analysis

The rice flour market has experienced significant growth in recent years due to increasing health consciousness and the demand for gluten-free products. Asian cuisine, with its extensive use of rice flour in various dishes, has played a pivotal role in market innovation. Technological advancements have led to the production of specialized rice flours, such as brown rice flour and organic rice flour, catering to the needs of consumers seeking alternative grains and specialty blends.

The market encompasses a wide range of applications, including gluten-free baking, bread, cakes, cookies, baked goods, sauces, soups, gravies, and even deserts. Rice kernels, both white and brown, serve as the primary source for rice flour production. The white rice segment and long grain segment collectively dominate the market, with rice noodles being a notable application for rice flour. Choline, a vital nutrient found in rice, adds to the health benefits associated with rice flour consumption.

Market Research Overview

The Rice Flour Market is a significant sector within the global food industry. This market caters to the demand for rice flour, primarily used as a thickener and binding agent in various food applications. Rice flour production involves the milling of rice grains into a fine powder. The market for rice flour is driven by factors such as increasing consumer preference for gluten-free and clean label food products.

Additionally, the rising demand for Asian cuisine in Western markets is fueling the growth of this market. Rice flour is also used in the production of confectionery items, noodles, and bakery products. The market for rice flour is segmented based on application, region, and end-use industry. The market is expected to witness steady growth in the coming years due to the increasing popularity of rice flour as a functional ingredient in the food industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Bakery And Confectionery
• Breakfast Foods
• Baby Food
• Others
• Type
• Conventional
• Organic
• Geography
• APAC
• Europe
• North America
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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