Rice Flour Market
Rice Flour Market Forecasts to 2030 - Global Analysis By Type (Black Rice Flour, Brown Rice Flour, Glutinous Rice Flour and Other Rice Flour Types), By Grain Type (Long Grain, Medium Grain and Short Grain), Nature, Sales Channel, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $1.2 BN |
|
Projected Year Value (2030) |
US $1.9 BN |
|
CAGR (2023-2030) |
6.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Rice Flour Market is accounted for $1.2 billion in 2023 and is expected to reach $1.9 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Rice flour is a finely ground powder made from milled rice grains. It is commonly used as a gluten-free alternative to wheat flour in various culinary applications, including baking, cooking, and food thickening. Rice flour is available in different varieties, such as white rice flour and brown rice flour, each offering distinct flavors and textures suitable for different recipes and dietary preferences.
According to the FAO, India, with its cultivation of high-yielding rice varieties like IR 64, CR 2301, Kudrat 5, accounted for 178.3 million metric tons of rice production in 2020. This positions India as the second-largest rice producer globally, trailing only behind China, with a share of over 11.0% of the global production.
Market Dynamics:
Driver:
Increasing demand for gluten-free products
The increasing demand for gluten-free products acts as a significant driver in the rice flour market. As awareness of gluten intolerance, celiac disease, and gluten sensitivity rises, consumers are actively seeking alternative ingredients to wheat flour. Rice flour serves as an excellent gluten-free substitute, allowing individuals with gluten-related disorders to enjoy a wide range of baked goods and culinary creations. This growing health-conscious trend drives the demand for rice flour in the food industry.
Restraint:
Fluctuations in the prices of rice
Rice is the primary raw material for producing rice flour. Any fluctuations in its price directly impact the cost of rice flour production. Price volatility can disrupt supply chains, leading to uncertainties in production costs and pricing strategies for rice flour manufacturers. Additionally, sudden increases in rice prices can make rice flour less competitive compared to other flour alternatives, potentially reducing consumer demand.
Opportunity:
Rising prevalence of rice-based diets
The rising prevalence of rice-based diets presents a significant opportunity in the rice flour market. As rice remains a staple food for millions of people worldwide, particularly in Asian countries, there is a growing demand for rice flour as a versatile ingredient in various cuisines and food products. Additionally, the increasing popularity of gluten-free and alternative diets further drives the adoption of rice flour as a substitute for wheat flour, expanding its market potential.
Threat:
Competition from alternative flours
Increasing consumer interest in alternatives and gluten-free options acts as a restraint to the market. Flours made from grains such as wheat, corn, almond, coconut, and quinoa offer diverse nutritional profiles and flavor profiles, appealing to health-conscious consumers and those with dietary restrictions. Additionally, the rising popularity of specialty flours like chickpea flour and tapioca flour further intensifies competition, which will hamper market expansion.
Covid-19 Impact:
The COVID-19 pandemic has impacted the rice flour market in various ways. While there has been an increase in home cooking and baking activities, leading to higher demand for rice flour as a gluten-free alternative, disruptions in supply chains and logistical challenges have affected production and distribution. Additionally, economic uncertainty and changes in consumer purchasing behavior have influenced market dynamics and consumption patterns for rice flour.
The white rice flour segment is expected to be the largest during the forecast period
The white rice flour segment is projected to lead the rice flour market during the forecast period. Rice flour is widely used in various culinary applications, including baking, cooking, and food thickening, making it a versatile ingredient. Additionally, its neutral flavor and fine texture make it suitable for a wide range of recipes, appealing to a broad consumer base. Moreover, the growing demand for gluten-free products also contributes to the segment's dominance.
The long grain segment is expected to have the highest CAGR during the forecast period
The long grain segment is anticipated to achieve the highest compound annual growth rate in the rice flour market during the forecast period. Long grain rice varieties, such as Basmati and Jasmine, are popular for their distinct flavor, texture, and aroma, making them preferred choices for rice flour production. Additionally, the increasing consumer demand for premium-quality rice products and the rising popularity of ethnic cuisines further drive the growth of the long grain segment.
Region with largest share:
Over the forecast period, the Asia Pacific region is estimated to have the largest market share. Asia Pacific countries such as China, India, Thailand, and Vietnam are major producers and consumers of rice, contributing to a significant portion of global rice flour production. Additionally, the region's rich culinary heritage, diverse food culture, and widespread use of rice flour in traditional dishes drive demand. Furthermore, increasing adoption of gluten-free diets and rising consumer awareness about the nutritional benefits of rice flour further boost market growth in the region.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is poised to register robust growth in the rice flour market. These include the region's significant rice production, growing population, and increasing consumer preference for gluten-free alternatives. Additionally, rising disposable incomes, urbanization, and changing dietary habits contribute to the increased demand for rice flour-based products in countries like China, India, and Thailand, driving market growth in the Asia Pacific region.
Key players in the market
Some of the key players in Rice Flour Market include Amul, Archer Daniels Midland Company, Associated British Foods plc, Bay State Milling Company, Bob's Red Mill Natural Foods, Inc., Brar Natural Flour Milling Inc., Ebro Foods, S.A., General Mills, Inc., Harinera del Valle S.A., Ingredion Incorporated, Koda Farms, Kröner-Stärke GmbH, Minsa Corporation, Reckitt Benckiser Group plc (RB), Shipton Mill Ltd., Sturminster Newton Mill, Tata Consumer Products Limited, Thai Flour Industry Co., Ltd and Wuhu Deli Foods Co., Ltd.
Key Developments:
In May 2022, Co-operative Milk Marketing Federation Limited (GCMMF) that sells products under the Amul brand has forayed into organic whole wheat flour, and plans to expand the range to include organic pulses and rice, the cooperative said.
In February 2020, Tata Consumer Products Limited is all set to introduce a new line of products. Its innovation center in Pune is constantly working towards developing around 30 new products including rice flour and poha, as told by Amit Chincholikar, Global Chief Human Resource Officer, according to a report.
Types Covered:
• Black Rice Flour
• Brown Rice Flour
• Glutinous Rice Flour
• White Rice Flour
• Other Rice Flour Types
Grain Types Covered:
• Long Grain
• Medium Grain
• Short Grain
Natures Covered:
• Organic
• Conventional
Sales Channels Covered:
• Direct Sales
• Indirect Sales
Applications Covered:
• Bakery and Confectionery
• Beverages
• Cosmetics & Pharmaceuticals
• Industrial Applications
• Processed Food
• Snacks and Convenience Foods
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Rice Flour Market, By Type
5.1 Introduction
5.2 Black Rice Flour
5.3 Brown Rice Flour
5.4 Glutinous Rice Flour
5.5 White Rice Flour
5.6 Other Rice Flour Types
6 Global Rice Flour Market, By Grain Type
6.1 Introduction
6.2 Long Grain
6.3 Medium Grain
6.4 Short Grain
7 Global Rice Flour Market, By Nature
7.1 Introduction
7.2 Organic
7.3 Conventional
8 Global Rice Flour Market, By Sales Channel
8.1 Introduction
8.2 Direct Sales
8.3 Indirect Sales
8.3.1 Convenience Stores
8.3.2 Online Retailers
8.3.3 Specialty Stores
8.3.4 Supermarkets & Hypermarkets
8.3.5 Other Retail Channels
9 Global Rice Flour Market, By Application
9.1 Introduction
9.2 Bakery and Confectionery
9.3 Beverages
9.4 Cosmetics & Pharmaceuticals
9.5 Industrial Applications
9.6 Processed Food
9.7 Snacks and Convenience Foods
9.8 Other Applications
10 Global Rice Flour Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Amul
12.2 Archer Daniels Midland Company
12.3 Associated British Foods plc
12.4 Bay State Milling Company
12.5 Bob's Red Mill Natural Foods, Inc.
12.6 Brar Natural Flour Milling Inc.
12.7 Ebro Foods, S.A.
12.8 General Mills, Inc.
12.9 Harinera del Valle S.A.
12.10 Ingredion Incorporated
12.11 Koda Farms
12.12 Kröner-Stärke GmbH
12.13 Minsa Corporation
12.14 Reckitt Benckiser Group plc (RB)
12.15 Shipton Mill Ltd.
12.16 Sturminster Newton Mill
12.17 Tata Consumer Products Limited
12.18 Thai Flour Industry Co., Ltd.
12.19 Wuhu Deli Foods Co., Ltd.
List of Tables
1 Global Rice Flour Market Outlook, By Region (2021-2030) ($MN)
2 Global Rice Flour Market Outlook, By Type (2021-2030) ($MN)
3 Global Rice Flour Market Outlook, By Black Rice Flour (2021-2030) ($MN)
4 Global Rice Flour Market Outlook, By Brown Rice Flour (2021-2030) ($MN)
5 Global Rice Flour Market Outlook, By Glutinous Rice Flour (2021-2030) ($MN)
6 Global Rice Flour Market Outlook, By White Rice Flour (2021-2030) ($MN)
7 Global Rice Flour Market Outlook, By Other Rice Flour Types (2021-2030) ($MN)
8 Global Rice Flour Market Outlook, By Grain Type (2021-2030) ($MN)
9 Global Rice Flour Market Outlook, By Long Grain (2021-2030) ($MN)
10 Global Rice Flour Market Outlook, By Medium Grain (2021-2030) ($MN)
11 Global Rice Flour Market Outlook, By Short Grain (2021-2030) ($MN)
12 Global Rice Flour Market Outlook, By Nature (2021-2030) ($MN)
13 Global Rice Flour Market Outlook, By Organic (2021-2030) ($MN)
14 Global Rice Flour Market Outlook, By Conventional (2021-2030) ($MN)
15 Global Rice Flour Market Outlook, By Sales Channel (2021-2030) ($MN)
16 Global Rice Flour Market Outlook, By Direct Sales (2021-2030) ($MN)
17 Global Rice Flour Market Outlook, By Indirect Sales (2021-2030) ($MN)
18 Global Rice Flour Market Outlook, By Convenience Stores (2021-2030) ($MN)
19 Global Rice Flour Market Outlook, By Online Retailers (2021-2030) ($MN)
20 Global Rice Flour Market Outlook, By Specialty Stores (2021-2030) ($MN)
21 Global Rice Flour Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
22 Global Rice Flour Market Outlook, By Other Retail Channels (2021-2030) ($MN)
23 Global Rice Flour Market Outlook, By Application (2021-2030) ($MN)
24 Global Rice Flour Market Outlook, By Bakery and Confectionery (2021-2030) ($MN)
25 Global Rice Flour Market Outlook, By Beverages (2021-2030) ($MN)
26 Global Rice Flour Market Outlook, By Cosmetics & Pharmaceuticals (2021-2030) ($MN)
27 Global Rice Flour Market Outlook, By Industrial Applications (2021-2030) ($MN)
28 Global Rice Flour Market Outlook, By Processed Food (2021-2030) ($MN)
29 Global Rice Flour Market Outlook, By Snacks and Convenience Foods (2021-2030) ($MN)
30 Global Rice Flour Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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