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.
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.
Brown Rice to Witness Growing Demand, Application of Rice Flour in Breakfast Solutions to Surge
By source, the global rice flour market is segmented into white rice and brown rice. White rice is expected to hold a major revenue share, whereas brown rice segment is foreseen to witness higher adoption over 2017-2025. Based on type, the market is segmented as long grain, medium and short grain, and pre-gelatinized, of which medium and short grain segment is likely to be a larger one through to 2025. Furthermore, by origin, the global rice flour market is classified as organic and conventional, among which the latter will continue to account for a larger revenue share. On the basis of application, the market is segmented into bakery and confectionary, breakfast solutions, baby food, and others. Maximum consumption of rice flour is expected to be in bakery and confectionary end-use application, followed by baby food. Breakfast solutions are said to gain higher traction during the forecast period. By sales channel, direct sales will hold a larger share in terms of value and indirect sales are poised to witness a higher CAGR through to 2025.
APAC to Continue Dominance in Terms of Rice Flour Consumption
On the basis of region, the market for rice flour in Asia Pacific is anticipated to dominate the over other regional markets in terms of both value and volume in near future. APAC is expected to contribute a significant share to the total market revenues by 2025 end, attributed to soaring consumer dependence on rice flour as their staple food. Moreover, Australia and New Zealand (ANZ) is projected to exhibit a significant CAGR in terms of value during the forecast period.
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.
This report provides forecast and analysis of the global rice flour market. It provides detailed research findings of 2017 and forecast data up to 2025 in terms of revenue (US$ Mn). The report also includes macroeconomic indicators along with an outlook on rice flour for global market. It includes drivers and restraints of the global rice flour market and their impact on each region during the forecast period. The report also comprises the study of current issues with consumers and opportunities for rice flour manufacturers. It also includes value chain analysis. In order to provide users of this report with comprehensive view of the market, we have included detailed competitiveness analysis, including key market players and their strategy overview. The dashboard provides detailed comparison of rice flour manufacturers on parameters such as total revenue, product offerings, and key strategy. The study encompasses market attractiveness analysis by source, type, origin, application, sales channel, and region.
The report includes rice flour market company profiles and the revenue generated from the companies across North America, Latin America, Europe, APAC, and MEA. By source, the global rice flour market is segmented as white rice and brown rice. By type, the market is segmented as long grain, medium & short grain, and pre-gelatinized. Furthermore, by origin, the global rice flour market is segmented organic and conventional. By application, the market is segmented as bakery & confectionary, breakfast solutions, baby food, and others. By sales channel, the market is segmented as direct sales and indirect sales. For the calculation of revenue collection of average regional prices were obtained through primary quotes from numerous rice flour manufacturers, retailers, and distributors.
All key end users have been considered and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Country demand patterns have been considered while estimating the market for various end users of rice flour in the different regions. Top-down approach has been used to estimate the rice flour market by countries. Global market numbers by product type has been derived using the bottom-up approach, which is cumulative of each country’s demand. Company-level market share has been derived on the basis of rice flour penetration. The market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Hoover’s, and company annual reports and publications. The report provides detailed competitive and company profiles of key participants operating in the global market. 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.
The market has been segmented as below:
Global rice flour market – By source
- White rice
- Brown rice
Global rice flour market – By type
- Long grain
- Medium & short grain
Global rice flour market – By origin
Global rice flour market – By application
- Bakery & Confectionary
- Breakfast solutions
- Baby Food
Global rice flour market – By region
- Modern Trade Formats
- Departmental Stores
- Convenience Store
Global rice flour market – By region
- North America
- Latin America