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.
Request A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22856 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.
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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.
High Demand from the Bakery and Confectionery Sector to Boost Rice Flour Market Increased understanding of celiac diseases caused by the ingestion of grains such wheat, rye, and barley is likely to shift attention toward gluten-free or not gluten-free products. There is actually no cure for celiac, and turning to a gluten-free diet is the only way this disease can be stopped from being contracted. This factor has resulted in a rise for demand of food products like gluten-free rice flour, which is likely to foster growth of the global rice flour market in the near future. One of the major developments in the rice flour industry is the growing adoption and acceptance of organic-based rice flour. This rice flour is free from any kind of carcinogens, preservatives, and pesticides and is made of organically produced rice. A rising number of health-conscious customers are searching for natural and organic ingredients. They are searching for clean labels, nutritious items that are hormone-free and non-GMO. Market vendors have been inspired by this trend to introduce organic development initiatives, which is likely to work in favor of the global rice flour market in the forthcoming years. Increasing Health Issues and Gluten Intolerance are Expected to Stoke Demand in the Market The rising demand for gluten-free diet and increasing health issues amongst individuals are likely to influence growth of the global rice flour market. Excess amounts of gluten in food can pose a significant threat to human health. In the long term, it can also result in infertility, intestinal damage, osteoporosis, and anemia. Rice's naturally gluten-free property is anticipated to spur high uptake of rice flour in the near future. Owing to growing health responsiveness, people in Europe and North America were amongst the first buyers of gluten-free or pre-gelatinized flour over other types flours. Several ready-to-eat food and bakeries companies have been utilizing rice flour in their dough to make buns and pizza bases because many customers have intolerance toward gluten. Substantial demand arising out of the bakery and confectionery sector is likely to support growth of the global rice flour industry in the years to come.
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