Rising
health concerns among people and the increasing need for a
gluten-free diet are facilitating the growth of flour market. Excess
gluten concentration in food can pose a serious threat to human
health and may lead to anemia, osteoporosis, intestinal damage, and
infertility in the long run. Naturally gluten-free property of rice
is likely to favor higher adoption of rice flour in near future.
People in North America and Europe have been among the first
consumers of pre-gelatinized or gluten-free flour over other flours
due to rising health responsiveness. While the global sales of rice
flour reached a value worth US$ 712.9 Mn in 2017, the market is
expected to thrive at a moderate CAGR of 4.4% over the forecast
period, attaining a value of US$ 1,003.1 Mn by the end of 2025.
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Boom
of Gluten-free to Support Rice Flour Sales, Fluctuating Crop Prices
to Pose Major Restraint
In
2016, according to DDW (Digestive Disease Week), hospitalizations for
celiac disease have increased more than 600% from 1998 to 2013.
Rising wheat and gluten sensitivity cases worldwide are augmenting
preference to rice flour over wheat flour. Moreover, growing
application of white rice flour as a gluten-free ingredient in a wide
range of flour-based products is accelerating the demand of rice
flour as well as other gluten-free flours. As a growing consumer base
is embracing improved, healthier, easy-to-cook, and ready-to-eat
options of foods to suit their busier lifestyle, baked foods and
snack products have been gaining traction since the recent past. Rice
flour manufacturers are thus anticipated to capture immense growth
opportunities in the baking industry.
One
of the major challenges to the growth of the global rice flour market
is the price volatility of grains due to climatic changes.
Irregularities in climate and seasonal variations critically affect
crops, adversely affecting agricultural yields in many regions,
eventually resulting in variations in input as well as output prices.
Moreover, fluctuating costs of energy, chemicals, and fertilizers
also lead to a volatility in the prices of crops. According to
Transparency Market Research, key players in the global market for
rice flour are ought to find efficient operational responses to
secure margins in the long term. The price of aromatic rice firmed in
the same month as well, with active demand from international markets
and lower production aspects.
Brown
Rice to Witness Growing Demand, Application of Rice Flour in
Breakfast Solutions to Surge
By
source, the global
rice flour market is segmented into white rice and brown
rice. White rice is expected to hold a major revenue share, whereas
brown rice segment is foreseen to witness higher adoption over
2017-2025. Based on type, the market is segmented as long grain,
medium and short grain, and pre-gelatinized, of which medium and
short grain segment is likely to be a larger one through to 2025.
Furthermore, by origin, the global rice flour market is classified as
organic and conventional, among which the latter will continue to
account for a larger revenue share. On the basis of application, the
market is segmented into bakery and confectionary, breakfast
solutions, baby food, and others. Maximum consumption of rice flour
is expected to be in bakery and confectionary end-use application,
followed by baby food. Breakfast solutions are said to gain higher
traction during the forecast period. By sales channel, direct sales
will hold a larger share in terms of value and indirect sales are
poised to witness a higher CAGR through to 2025.
APAC
to Continue Dominance in Terms of Rice Flour Consumption
On
the basis of region, the market for rice flour in Asia Pacific is
anticipated to dominate the over other regional markets in terms of
both value and volume in near future. APAC is expected to contribute
a significant share to the total market revenues by 2025 end,
attributed to soaring 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 during the forecast
period.
Some
of the major companies operating in the global rice flour market are
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.
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more Information:
https://www.prnewswire.com/news-releases/global-rice-flour-market-soaring-consumption-of-rice-flour-as-gluten-free-food-to-drive-market-tmr-expects-moderate-cagr-of-44-by-2017---2025-676654833.html
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