Rice Flour Market Share Estimated to Reach USD 1.92 Billion by 2030

The Rice Flour Market Share was valued at USD 1.27 billion in 2023 and is projected to reach nearly USD 1.92 billion by 2030, at a CAGR of 6.1% between 2023 and 2030. This growth is facilitated by the growing awareness of gluten-related health problems among consumers and the movement in the direction of gluten-free dietary substitutes.



Market Drivers and Opportunity for Growth

The increasing incidence of celiac disease and gluten intolerance has greatly spurred the demand for gluten-free products, which in turn, has made rice flour keenly advocated for wheat flour. Apart from being gluten-free, it is healthy considering it also enhances digestive health and helps in strengthening the skeletal system, which is attractive for health-conscious customers. The growing versatility of rice flour in a variety of applications including bakery products, sauces, and gravies, is driving its increasing market demand. Veganism is on the rise and with that, they need plant-based dietary options as well, which provides ample opportunity for the market to expand (rice flour fits nicely in these diets).

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Segmentation Analysis

The segmentation of the rice flour market is based on source, category, and application.

The rice flour market is segmented based on source, category, and application.

by Source: The market encompasses both white rice and brown rice flours. White rice flour, known for its mild flavor and light texture, is extensively utilized in various culinary applications. In contrast, brown rice flour, which retains the bran and germ, offers a higher fiber content and a nuttier flavor, appealing to health-conscious consumers seeking whole-grain options.

by Category: The market is divided into organic and conventional segments. The organic segment is experiencing rapid growth, driven by consumers' increasing inclination towards chemical-free and sustainably produced food products.

by Application: Rice flour finds diverse applications across multiple industries. In the food sector, it is a key ingredient in bakery and confectionery products, breakfast cereals, baby foods, and snacks. Its gluten-free property makes it indispensable in formulating products for individuals with gluten sensitivities. Additionally, rice flour is utilized as a thickening agent in soups, sauces, and gravies, and finds applications in non-food industries such as cosmetics and pharmaceuticals due to its hypoallergenic properties.

Country-Level Analysis

United States: The U.S. gluten-free products market in the country is largely driven by increasing awareness on gluten related disorders. With this the food industry is also adapting rice flour in a number of product range like bakery and snacks due to this growing volume of consumers.

Germany: The health and wellness trend in Germany has resulted in a strong demand for organic and gluten-free products. Increasing preference for healthy diet is becoming a popular ingredient in traditional and modern recipes among consumers which supports the growth of rice flour market over the forecast period.

China is one of the largest producers and consumers of rice which has a relatively mature rice flour market. This key ingredient form an integral part of many traditional dishes and is being used increasingly in processed foods as urbanisation and changing dietary patterns continue to drive up demand.

India: With its sizeable rice production and variety of rice-oriented cultural practices, India's rice flour market is developing. This has increased the competitiveability of India in global rice flour market by removing(abolished) export floor prices.

Australia: Health awareness and implementing gluten-free diets is driving growth in the Australian market. The country has strong intrinsic capability in rice production, adding more advantages to the availability and reasonable affordability of rice flour products.

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Competitive Analysis

The rice flour market can be characterized by presence of several key players who are actively competing in order to improve their market share through product innovation and strategic expansion activities. Notable companies include:

PGP International Inc.: Offers rice-based flours and blends for food as well as non-food applications.

Ebro Foods S.A (Spain): A major worldwide supplier of various types of rice flour under many brands

Ingredion Incorporated: US-based company that offers innovative rice flour solutions, and its recent addition of versatile rice flours has made for clean-label applications.

Bunge Ltd.: The company's high-quality rice flour production, coupled with strategic rice milling rationalization, positions Bunge Ltd. for continued success.

Archer-Daniels-Midland Company: Provides a full range of rice flour products; company focuses on ensuring that its rice is sourced and produced in sustainable manner

These companies are currently spending on research and development in other to develop products that satisfies the current needs of the consumers especially organic and gluten-free.

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Conclusion

Rice flour is gaining a steady growth momentum in the global space owing to the changing lifestyles, health concerns and increasing cases of gluten related disorders. Rich in properties, Rice flour is being used in different kinds of applications and prepared foods due to the global dietary trends for clean-label products are expected to make it a recurring aspect as a staple ingredient around the world. Due to the active portfolios of key players and ongoing market innovation, the market is set to cater to the diverse needs from consumers globally, thus the possibility of uninterrupted growth in the upcoming years.

Explore More: Visit our website for Additional reports:

Rice Bran Oil Market https://www.maximizemarketresearch.com/market-report/rice-bran-oil-market/220977/ 

Rice Starch Market https://www.maximizemarketresearch.com/market-report/rice-starch-market/189912/ 

Rice Seeds Market https://www.maximizemarketresearch.com/market-report/global-rice-seeds-market/27572/ 

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