According
to the latest market report published by Transparency Market Research
titled ‘Rice Flour Market’: Global Industry Analysis and Forecast
2017-2025’, the revenue generated from rice flour exceeded a value
of US$ 712.9 Mn in 2017, which is projected to increase at a CAGR of
4.4% during the forecast period (2017-2025).
Rising
health concerns among people and the increasing need for a
gluten-free diet are accelerating the demand for naturally
gluten-free products, including rice flour. Growing awareness about
adverse health conditions due to excess gluten consumption is an
important factor driving the global rice flour market. Established
markets for gluten-free or pre-gelatinized rice flour will continue
to thrive in near future, according to Transparency Market Research’s
recent study.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22856
“Global
revenues of rice flour, evaluated at US$ 712.9 Mn in 2017, are
expected to rise up to US$ 1,003.1 Mn by the end of 2025. The overall
growth will be moderate at a CAGR of 4.4% over 2017-2025,” stated a
research analyst, Transparency Market Research.
Soaring
demand for healthier, improved, easy-to-cook, and ready-to-eat foods
is favoring sales of baked foods and snack products. Moreover, busier
lifestyle of consumers worldwide is popularizing baked goods and
other products that can be consumed on-the-go. The exploding baking
industry is thus preferring rice floor over other flours, which is
likely to create a heap of opportunities for flour manufacturers in
near future. Volatile pricing of crops due to uncertain climatic
conditions and seasonal variations will however continue to hamper
the market growth during forecast period. Frequent fluctuations in
energy, chemicals, and fertilizers prices will also remain a major
restraining factor affecting the global market for rice flour.
By
source, the global rice flour market will remain dominated by white
rice but brown rice is slated to witness growing popularity over the
forecast period. Based on the type, medium and short grain segment is
likely to witness the highest and fastest growing sales. On the basis
of origin, conventional segment has been larger than organic and
registered over 90% revenue share in 2017. By application, rice flour
will continue maximum consumption by bakery and confectionary
segment, and breakfast solutions is likely to represent the most
lucrative application segment by 2025 end. In terms of sales channel,
direct sales will reportedly continue to win over indirect sales in
near future.
Regional
assessment indicates that the rice flour market in APAC is
anticipated to dominate the in terms of both value and volume over
2017-2025. APAC is expected to gain significant market share in terms
of revenue by 2025 end. This trend is attributed to high consumer
dependence on rice flour as their staple food. Moreover, Australia
and New Zealand (ANZ) is projected to exhibit a significant CAGR in
terms of value throughout the forecast period. Transparency Market
Research’s report profiles some of the major companies operating in
the global
rice flour market, such as Associated British Foods PLC, Ebro
Foods, S.A., Ingredion Incorporated, Archer-Daniels Midland Co.,
Wilmar International Limited, General Mills, Inc., Bunge Ltd.,
Whitworth Bros. Ltd., The Soufflet Group, Shipton Mill Ltd.,
KRÖNER-STÄRKE GmbH, Caremoli Group, Belourthe SA, Bressmer &
Francke (Gmbh & Co.) KG and EDME Food Ingredients Limited.
No comments:
Post a Comment