Rice Flour Market to Surge to USD 2,700.00 Million by 2026
According to the report, The global rice flour market in 2019 was approximately USD 2,000.00 Million. The market is expected to grow at a CAGR of around 4.0% and is anticipated to reach around USD 2,700.00 Million by 2026.
Rice flour is prepared from finely crushed rice. It is distinctive from rice thickener, which is typically formed by immersing rice in lye. Rice flour is nutritive and is broadly used to make fresh rice noodles as well as sweets. It is also utilized in several other applications, including condensing coconut milk to reach a creamy and smooth consistency. Rice flour is obtained from white rice and brown rice. Rice flour is also used as a thickening agent in recipes that are frozen or refrigerated meanwhile it stops liquid separation. Rice flour is a mostly good alternative for wheat flour, reasons for irritation in the digestive systems of persons who are gluten-intolerant.
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The rice flour market research report delivers an acute valuation and taxonomy of the rice flour industry by practically splitting the market on the basis of a different types, and applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the rice flour industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the rice flour industry is provided for the leading economies of the world.
The rice flour market is segmented based on type, and application. On the basis of type segmentation, the market is classified into gasoline engine power, diesel engine power, electric motor power, and others. In terms of application segmentation, the market is bifurcated into Rice Noodle and Rice Pasta, Sweets and Desserts, Snacks, Bread, Thickening Agent, and Others.
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Some of the essential players operating in the rice flour market, but not restricted to include Thai Flour Industry Company Limited, Burapa Prosper Co., Ltd., Koda Farms, Inc., Cho Heng Rice Vermicelli Factory Co., Ltd., Lien tong Rice Vermicelli, Ti Foods, Pornkamon Rice Flour Mills Co. Ltd., Bob’s Red Mill Natural Foods, Inc., Archer-Daniels-Midland Company, and Hok Seng Rice Flour Co., Ltd., among others.
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