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.
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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