Given
the low entry barriers owing to less upfront capital required, the
rice flour market has several companies operating in it. Some of the
prominent ones among them are Ebro Foods, S.A., Associated British
Foods PLC, Ingredion Incorporated, Wilmar International Limited,
Archer-Daniels Midland Co., General Mills, Inc., and Bunge Ltd.
A
report on the rice flour market worldwide by Transparency Market
Research finds that it would rise at a steady 4.4% CAGR during the
forecast period starting from 2017 and ending 2025. Rising at this
pace, the market’s value is expected to become US$1003.1 mn by
2025-end from US$ 712.9 Mn in 2017.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22856
Rice
flour is obtained from either brown rice or white rice. Between the
two, white rice accounts for a larger share in the revenue.
Geographically, key segments of the rice flour market are Latin
America, North America, Europe, Asia Pacific, and the Middle East and
Africa. Among them, Asia Pacific is predicted to hold a dominant
position both vis-à-vis value and volume. By the end of 2025, the
market in the region is also expected to gross maximum revenue
because of the rising uptake of rice flour as a staple food. Apart
from the oriental nations in Asia Pacific which are known to consume
rice, New Zealand and Australia in the region are also expected see
an impressive growth in their markets.
Health
Benefits of Gluten-free Rice Flour Drives Market
Rice
flour is a natural gluten free product. And rising awareness about
the adverse impact on health of excess gluten is majorly driving the
market. The TMR report predicts that the markets for gluten-free or
pre-gelatinized rice flour will continue to soar in the near future
as well. Adds the lead analyst of the report, “Rice flour, as a
gluten-free flour, is finding increasing applications in many
easy-to-cook or ready-to-eat products. Such products are seeing
rising sales because of the busy lifestyle of people and their
growing spending capacity. This in turn is expected to have a
positive impact on the rice flour market.”
The
TMR report observes that rice flour is finding application in myriad
food products such as breakfast solutions, bakery and confectionery,
baby food, and others. Among them, bakery and confectionary products
are driving maximum demand in the market. Currently, direct sales are
responsible for generating most of the revenue in the market.
Popularity
of Organic Rice Flour Spells Opportunity for Market
A
noticeable trend in the rice
flour market
is the growing popularity of organic rice flour which is gotten from
rice grown without the use of harmful synthetic fertilizers,
pesticides, chemicals, or other harmful substances. The market for
organic rice flour is particularly large in North America and Western
Europe.
Posing
a challenge to the rice flour market, on the other hand, is the
climatic uncertainty affecting crop produce, which is turn is leading
to price volatility. In addition, fluctuating costs of chemicals,
energy, and fertilizers are also negatively impacting the market. To
tide over the problem, players are seen trying to improve operational
efficiencies.
Get
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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