Rice Flour Market is expected to reach US$ 1,655.82 million by 2030

Publisher: The Insight Partners

Rise in Awareness Regarding Nutritional Benefits of Rice Flour

According to our new research study on "Rice Flour Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type, Category, and Application," the rice flour market size was valued at US$ 1,100.47 million in 2022 and is expected to reach US$ 1,655.82 million by 2030; it is estimated to register a CAGR of 5.3% from 2023 to 2030. The report highlights key factors driving the rice flour market growth and prominent players along with their developments in the market.

Rice flour is prepared by grinding the rice kernels into coarse and fine powder. Rice flour is used as a substitute for wheat flour as they are free from gluten. Rising health concerns among consumers and the growing requirement for a gluten-free diet are boosting the growth of the rice flour market. Rice flour offers various health benefits, including improved digestive tract, boosted skeletal health, helps wound healing, and is beneficial for celiac patients. Rice flour is a rich source of vitamin C and contains antioxidants that are required for skin repair. Brown rice contains vitamin B, high protein content, and more fiber and antioxidants, whereas white rice is a rich source of empty calories. The nutritional benefits of sourced rice boost the demand for rice flour among various food & beverage manufacturers. Rice flour is a healthy ingredient used in many food products such as bakery and confectionery, sweet and savory snacks, beverages, and baby foods. It comes in three varieties—medium & short grain, long grain, and pre-gelatinized.

Global Rice Flour Market Breakdown – by Region

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The key players operating in the global rice flour market include PGP International Inc, Ebro Foods SA, Western Foods LLC, Ingredion Inc, CAREMOLI SpA, BELOURTHE SA, Kroner-Starke GmbH, Capitol Food Co, Ardent Mills LLC, Bay State Milling Co, Bob's Red Mill Natural Foods Inc, Gulf Pacific Rice Co Inc, Naturis SpA, Hometown Food Co, Koda Farms Inc, and Archer-Daniels-Midland Co. Players in the global rice flour market focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as investments in research and development activities, new product launches, and expanding production capacities. Key players in the rice flour market are adopting e-commerce platforms to meet the growing demand for rice flour.  

Impact of COVID-19 Pandemic on Rice Flour Market

Before the onset of the COVID-19 outbreak, the rice flour market was mainly driven by the rising consumption of healthy food products such as bread, cookies, biscuits, cakes, and pastries; snacks; beverages and their availability at affordable prices across multiple retail channels. However, owing to the COVID-19 outbreak in 2020, many industries faced unprecedented challenges. During the initial phase of the pandemic, the food & beverages industry faced a decline in profits due to the shutdown of manufacturing units and supply chain disruption. The COVID-19 pandemic disturbed the manufacturing processes of various packaged food and beverages, including bakery products, sweets and snacks, beverages, and baby food, owing to restrictions imposed by government authorities in various countries. Moreover, the shutdown of food service outlets due to lockdowns and travel restrictions during the initial months of the COVID-19 outbreak hampered the sales of various ingredients, such as rice flour. Furthermore, as the supermarket chains remained closed during the first quarter of 2020, the retail sales of packaged food and beverages were reduced, which hindered the sales of rice flour.

The report includes the segmentation of the global rice flour market as follows:

The global rice flour market is segmented into type, category, application, and geography. The rice flour market is segmented into white rice flour and brown rice flour based on type. The rice flour market is categorized organic and conventional based on category. Based on application the market is segmented into bakery and confectionery, beverages, sweet and savory snacks, baby food, breakfast cereals, and others. The global rice flour market is broadly segmented by geography into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America rice flour market is further segmented into the US, Canada, and Mexico. The Europe rice flour market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific rice flour market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The South & Central America rice flour market is further segmented into Brazil, Argentina, and the Rest of South & Central America.

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