A recent market intelligence report that is published by Data Insights Partner on the global Rice Flour Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Rice Flour Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Rice Flour Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Rice Flour Market is offered. In accordance with the report, the global Rice Flour Market is projected to expand by healthy CAGR of 3.54% over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Rice Flour is made by grinding polished broken rice into a fine powder. These flours are whiter than wheat or rye flours and contains high carbohydrate of which 80% is starch and has no protein or fat in it. It usually has no minerals or vitamins as it is made from polished rice grains. Rice Flour is highly recommended to the people who have low gluten tolerance. But it can be quite harmful for the people with diabetes, heart disease and obesity.
The rising concerns to live a healthy lifestyle and eat a healthy gluten-free diet are main drivers behind the rapid market growth of the Rice Flour sector. The deadly celiac sickness caused by food grains like rye, wheats and unavailability of the cure for the said sickness are playing a very big role in the increasing demand for products made of rice flours and thus expanding the Rice Flour Market.
The expanding food sector specially bakery, confectionary, sweets and desserts sectors are causing the growth rate for Rice Flour to rise high.
Beside this, growing population and rising per capita income are also some of the key players behind the rapid growth of the Rice Flour Market.
Aside from these, the rising government subsidies to the rice farmers for more production of rice and increase in foreign investments in the said sector are also adding fuel to this increasing market growth.
The regular introduction of different and brand-new types of Rice Flour with better taste, more nutrients and fibers and in different price range to satisfy the varying tastes and consumption abilities of the customers is also attracting new consumers and thus helping the growth rate of Rice Flour Market to rise high. The convenience and efficiency of Rice Flour is also helping in the expansion of the said market.
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The Rice Flour Market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–
? High prices of the natural raw materials due to unpredictable production quantity.
? High transportation and import cost, high tariff.
? High cost of R&D activities.
? High cost of the premium quality end products.
? Contains high carbohydrates and no protein value.
? Harmful for patients with diabetes and heart disease.
? Availability of substitutes such as wheat flours in low cost.
? Unavailability of these products in many regions.
? Lack of awareness about the availability and benefits of the Rice Flours in the developing countries.
The Rice Flour Market growth is mainly based on the consumption of these products usage in food sectors. Natural Rice Flours are very famous these days as it is made from naturally cultivated rice grains which are free of pesticides and other chemical substances. These rice flours are very high in fibers and good for health but it is more costly compared to the artificial rice flours.
During the forecast period, Asia Pacific followed by Europe and North America are expected to have the largest share of Rice Flour Market. The demand for these products in the Asia Pacific region specially in China, India, Japan, Thailand etc. is driven by its growing food and bakery sectors and population and rising disposable income among individuals. Rising concerns over the healthy life styles and high appeal towards confectionary and rice products are also driving the growth. It is also believed that on the basis of product type, the brown rice flour segments will have the largest share for its high nutritious value, high demand among today’s health concerned individuals and efficiency and convenience. The Rice Noodles and Bakery and Bread Markets are also expected to rise significantly in the said time for its rising demand.
This market intelligence report on the global Rice Flour Market encompasses market segments based on source, product type, grain type, production technology, application, end usage, distributional channel and country.
By Source the global Rice Flour Market has been divided into:
q Brown Rice
q White Rice
By Product Type the global Rice Flour Market has been divided into:
q Rice Flour
q Brown Rice Flour
q Glutinous Rice Flour
By Grain Type the global Rice Flour Market has been divided into:
q Long Grains
q Medium and Short Grains
By Production Technology Type the global Rice Flour Market has been divided into:
q Natural Rice Flour
q Artificial Rice Flour
By Application the global Rice Flour Market has been divided into:
q Rice Noodle
q Rice Pasta
q Bakery and Bread Products
q Sweets and Desserts
q Pet Food
q Thickening Agent
By End Usage the global Rice Flour Market has been divided into:
By Distributional Channel the global Rice Flour Market has been divided into:
q Supermarkets and Hypermarkets
By country/region, the global Rice Flour Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Koda Farms
q ConAgra Foods, Inc.
q Thai Flour Industry
q Rose Brands
q Ardent Mills Canada
q Burapa Prosper
q Lieng Tong
q Associated British Foods PLC
q General Mills Inc.
q Archer Daniels Midland Company
q Pornkamon Rice Flour Mills
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Rice Flour Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Ardent Mills Canada
Ardent Mills, the leading flour supplier and grain innovator of North America is dominating the world market for Rice Flour with more than 35 community flour mills producing the broadest range of premium multi-use flours, whole grains, mixes and custom multi-grain blends. The company has been innovating new types of rice flours to satisfy all types of consumers. They have signed a partnership with Colorado Quinoa few years ago to clean, mill and market the quinoa grown in Colorado’s San Luis Valley and also invested in its Denver River North Art District mill to add capability to clean and pack intact grains. The company has further expanded its grain portfolio with the acquisition of Andean Natural’s quinoa operations in Yuba City, California to produce more gluten-free rice flours.
Burapa Prosper located in Chonburi, Thailand is one of the leading Rice Flour Production Company in the entire world has been producing and performing R&D on different types of rice floors with the help of the NEA subsidy in association with the Larive International.
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Ø This study offers comprehensive yet detailed analysis of the Rice Flour Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Rice Flour Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of different type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Rice Flour caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Rice Flour Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Identification of key factors driving investment opportunities in the Rice Flour Market
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v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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