Organic Rice Flour Market to grow at a CAGR of 5.26% during 2024-2028
The Organic Rice Flour Market is expected to grow at a CAGR of 5.26% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 156.61 million. The organic rice flour market is poised for growth due to the rising preference for home-cooked meals during the forecast period. This trend is driven by cost-conscious consumers who have reduced their spending on food products and restaurant visits. Organic rice flour is a versatile ingredient used in the preparation of various food items, including pasta, soups, and thickeners for homemade dishes. The popularity of home cooking has been fueled by the increasing availability of cooking shows, such as Top Chef and MasterChef US, which encourage experimentation and creativity in the kitchen. This shift towards home cooking is expected to significantly boost the demand for organic rice flour in the coming years.
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Technavio analysts predict that the Bakery and confectionery subsegment will lead the Application segment during 2024 and 2028 Organic rice flour is a naturally gluten-free alternative in baking and food production, catering to individuals with gluten sensitivities or allergies. This versatile ingredient can serve as a primary or supplementary flour in gluten-free baking, creating delectable goods such as bread, cakes, cookies, and muffins. In the culinary realm, rice flour is utilized as a crispy, golden coating for fried or baked foods, replacing traditional wheat-based flour in tempura, fried chicken, and onion rings. In the confectionery industry, organic rice flour plays a pivotal role in enhancing the texture of rice cakes, rice crispy treats, and energy bars. Keywords: organic rice flour, gluten-free, baking, coating, tempura, fried chicken, onion rings, rice cakes, rice crispy treats, energy bars.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish increasing adoption of organic-based rice flour
Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report
The Organic Rice Flour market has witnessed significant growth in recent years due to the increasing demand for healthier and gluten-free food options. The production sites for Organic Rice Flour are primarily located in countries with large rice cultivation areas, such as China, India, and Thailand. The raw material costs for Organic Rice Flour are higher than conventional rice flour due to the strict regulatory needs for organic farming, which includes the absence of harmful materials like chemicals, pesticides, and synthetic fertilizers. Manufacturing Organic Rice Flour involves careful processing to maintain the organic integrity of the raw material. The health benefits related to Organic Rice Flour include its high nutritional value and its suitability for individuals with celiac disease or gluten intolerance. With the growing trend towards natural and organic food products, the demand for Organic Rice Flour is expected to continue rising. However, the strict regulatory requirements for organic farming and manufacturing can pose challenges to the industry.
According to Technavio, the global organic rice flour market is positioned within the larger context of the global packaged foods and meals market, which falls under the food products segment of the food, beverage, and tobacco industry. This market encompasses food processing companies engaged in eliminating microorganisms and enhancing shelf life. The market's size is determined by the consolidated revenue of the participating vendors. It's important to note that this market excludes manufacturers of food processing equipment and those producing packaged alcoholic and non-alcoholic beverages, including mineral waters.
The Organic Rice Flour Market is experiencing significant growth, fueled by the increasing adoption of organic-based rice flour. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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