Published on : Apr 06, 2018
Albany, New York, April 6, 2018: According to the findings of the latest study, due to the increasing health concerns among people and need to have a gluten-free diet, the demand for rice flour has grown expressively. Rice flour is a great alternative for wheat flour since most wheat flour comprises gluten. Market Research Hub (MRH) has publicized this fresh study to its massive repository, with the title of “Rice Flour Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. This 331-page extensive study provides a granular analysis of notable trends and developments, product innovations, drivers and restraining factors, emerging opportunities, and the strategic dynamics in various regions.
In terms of geography, the research throw lights on major regions where rice flour has been consumed widely. Regions highlighted in the study are North America, Europe, Latin America, MEA and APAC. Rice flour can be used in a wide variety of culinary uses and is a very popular base for noodles in many Asian cuisines. People in North America and Europe have been among the first buyers of pre-gelatinized or gluten-free flour over other flours due to rising health awareness. It has been studied that the exploding baking industry is preferring rice floor over other flours due to growing demand for easy-to-cook, and ready-to-eat food. This, as a result, is likely to create a heap of opportunities for flour manufacturers in near future.
With the increasing need for gluten-free foods, rice flour can be a great choice. According to the study major findings, the global sales of rice flour reached a value worth US$ 712.9 Mn in 2017, which is estimated to bring in US$ 1,003.1 million revenue by the end of 2025. At this pace, the market is expected to thrive at a moderate CAGR of 4.4% over the forecast period.
Moving further, the study explains opportunities present in the rice flour market by segmenting it on the basis of source, type, origin, and application. By source, the global rice flour market is segmented as white rice and brown rice. By type, it covers long grain, medium & short grain, and pre-gelatinized. Furthermore, by origin, the global rice flour market is segmented into organic and conventional. By application, the market is segmented as bakery & confectionery, breakfast solutions, baby food, and others. By application, rice flour will continue maximum consumption by bakery and confectionery segment in the coming years.
The concluding chapter is entirely dedicated to the competitive assessment of the remote browser market, featuring some of the top companies operating in the market. Some of them are Ebro Foods, S.A., Ingredion Incorporated, Archer-Daniels Midland Co., Wilmar International Limited, General Mills, Inc., Associated British Foods PLC, Shipton Mill Ltd., KRÖNER-STÄRKE GmbH, Caremoli Group, and EDME Food Ingredients Limited.
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