Rice Flour Market Size, Share, Demand & Trends Analysis Report 2020-2026
The global rice flour market was valued at USD 2000 million in 2019 and is expected to surpass USD 2700 million by 2026, registering a CAGR of 4% during the forecast period (2020-2026), as highlighted in a report published by Facts & Factors.
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Rice flour is made from finely ground rice. It differs from rice thickener, which is usually made by soaking rice in lye. Rice flour is high in nutrients and is commonly used to produce fresh rice noodles and desserts. It is also used in a variety of other purposes, such as condensing coconut milk to achieve a creamy and smooth consistency. Rice flour is made from white and brown rice. Rice flour is also employed as a thickening agent in frozen or refrigerated recipes, and it prevents liquid separation. Rice flour is a generally good substitute for wheat flour, which causes stomach distress in gluten-intolerant people.
One of the most important reasons driving the global rice flour market is rising consumer awareness of gluten-free products. The global rice flour market is predicted to expand due to rising demand for organic and natural foods, which are associated with health benefits among consumers. It has influenced customers’ preferences for food in their regular meals. It has increased the demand for rice flours and increased the attention of key companies on research and development. The rising industrial sector is expected to drive considerable expansion in the global rice flour market over the forecast period. The price volatility of rice flakes owing to climate change in developing countries may impede market growth. Rice flour research & development, advancements in rice flour technology, and greater investment in rice flour goods are expected to provide new pathways for the rice flour industry in the near future.
The global rice flour market is divided into three segments: product, application, and geography. The global rice flour market is divided into four product categories: glutinous rice flour, non-glutinous rice flour, organic non-glutinous rice flour, and organic glutinous rice flour. The non-glutinous rice flour segment accounted for the majority of revenue in the global rice flour market. The development of non-glutinous rice flour in recent years is projected to have a positive impact on sector growth. In 2019, the diesel engine power category accounted for more than 60.0% of worldwide rice flour industries.
The global rice flour market is divided into sweets and desserts, rice noodles and rice pasta, bread, snacks, thickening agent, and others. Among the aforementioned segments, rice noodles and rice pasta accounted for more than 30.0% of total sales in 2019. Consumers’ increased demand for gluten-free products is driving up demand for rice noodles and pasta. Furthermore, rice noodle and pasta demand is being driven by research and development, creative product launches, increased taste and variety, and high levels of marketing support. The recent expansion of the rice noodles and pasta segments has raised demand for rice flours.
The rice flour market is divided into five regions: Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. In terms of value, the European area dominates the rice flour market in 2019, followed by Asia Pacific.
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.