Global Rice Flour Market By Overview
Rice Flour Market was valued at US$ 0.9 Billion in 2024 and is projected to grow at a CAGR of 38.8% to reach US$ 17.4 Billion by 2034.
Rice flour is a powder made from finely milled brown or white rice. It is nutritious and is extensively used to make fresh rice noodles and sweets. It is also used in various other applications including culinary and industrial uses for making starch, as a thickening agent in recipes that are refrigerated or frozen as it inhibits liquid separation. It is also used in making upper coating of snacks, bakery, cereals and chips to offer them crispy texture.
Increasing awareness about gluten-free products owing to rising health concerns among people, increase in disposable income and changing lifestyles are the key factor driving the growth of the market. Furthermore, benefits associated with consumption of food products containing low additives, non-GMO, etc. are anticipated to increase the demand for products such as organic rice flour, organic wheat flour, organic corn flour etc. In addition, the demand for organic rice coupled with increasing number of application of rice flour fosters the rice flour market. Further, rise in disposable income among developing countries the customers are spending more on organic food products for healthier lifestyles. However, the price volatility of grains due to climatic changes is one of the major challenges that hamper the growth of the rice flour market.
Rice flour market has been segmented on the basis of source, type, application, distribution channel and region. On the basis of source the rice flour market has been segmented into white rice flour and brown rice flour. On the basis of type, the rice flour market has been segmented into long grain, medium and short grain & pregelatinised. On the basis of application, the rice flour market has been segmented into bakery & confectionary, breakfast solutions and baby food. . On the basis of distribution channel, the rice flour market has been segmented into direct, indirect, convenience stores and E-commerce.
On the basis of region, the rice flour market has been segmented into North America, Europe, Asia- Pacific, Latin America, Middle East and Africa.
Asia Pacific on the basis of region holds the maximum shares in the rice flour market owing to the greater per capita consumption and growing awareness about consumption of organic food products in the region. Europe is expected to hold significant share in the rice flour market due to high consumption of rice and high demand for bread and bakery products.
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Global Rice Flour Market By Competitive Landscape & Key Players
Key players operating in the rice flour market includes Bob’s Red Mill Natural Foods, Inc., Burapa Prosper Co. Ltd., Archer Daniels Midland Company, Thai Flour Industry Co. Ltd., Ardent Mills LLC.,Shipton Mill Ltd., ConAgra Foods, Inc., Pornkamon Rice Flour Mills Co. Ltd., General Mills, Inc. and Firebird Artisan Mills.
FAQs
Rice Flour Market was valued at US$ 0.9 Billion in 2024 and is projected to grow at a CAGR of 38.8% to reach US$ 17.4 Billion by 2034
Rice Flour Market is segmented based on Source, Type, Application, Distribution Channel, and Region.
Rice Flour Market is driven by factors such as the increasing demand for gluten-free products, the versatility of rice flour in various culinary applications, rising awareness of its health benefits, and the growing prevalence of celiac disease and gluten intolerance.
Potential variations in rice crop yields, concerns about the presence of heavy metals in some rice varieties, competition with alternative gluten-free flours, and potential supply chain disruptions, acting as potential restraints for the Rice Flour Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific, particularly countries like China, India, and Thailand, is expected to dominate the Rice Flour Market due to its extensive use in traditional Asian cuisines and high rice consumption in the region. North America and Europe are also significant markets, driven by the growing demand for gluten-free products.
The prominent players operating in the Rice Flour Market includes, Bob’s Red Mill Natural Foods, Inc., Burapa Prosper Co. Ltd., Archer Daniels Midland Company, Thai Flour Industry Co. Ltd., Ardent Mills LLC.,Shipton Mill Ltd., ConAgra Foods, Inc., Pornkamon Rice Flour Mills Co. Ltd., General Mills, Inc. and Firebird Artisan Mills.