The Rice Flour Market Market is being driven by Increasing awareness about gluten-free products
The Rice Flour Market Market is expected to grow at a CAGR of 3.98% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 328.6 million. The organic rice flour market is experiencing significant growth due to the increasing consumer preference for healthier food options and heightened awareness of the potential health risks associated with conventionally grown rice. Organic rice flour is produced from rice that is cultivated without the use of synthetic fertilizers, pesticides, preservatives, or harmful chemicals such as arsenic. This trend is driven by the growing demand for natural and non-GMO ingredients, as well as the desire for clean labels in food and beverages. Consumers are increasingly seeking out organic rice flour as a healthier alternative to conventionally produced rice flour, contributing to the market's expansion.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.98% |
Market growth 2024-2028 |
USD 328.6 million |
Market structure |
market_structure.ucfirst |
YoY growth 2023-2024(%) |
3.77 |
Key countries |
China, US, India, Japan, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Rice Flour Market is witnessing significant growth due to increasing health consciousness and the popularity of gluten-free products. Rice flour, derived from rice grains, is a key ingredient in Asian cuisine and is now gaining traction in gluten-free baking. Technological advancements and market innovation have led to the production of various types of rice flour, including white rice flour, brown rice flour, organic rice flour, and specialty blends. These flours are used in a wide range of applications, from baked goods like bread, cakes, and cookies, to sauces, soups, gravies, and even rice noodles and deserts. White rice and brown rice segments are the primary sources of rice flour. Rice kernels are processed to extract gluten-free flour, making it a popular alternative for those with gluten intolerance. Rice flour is also rich in nutrients like Choline.
The Rice Flour Market represents a significant segment within the global packaged foods industry, driven by increasing health consciousness and the popularity of gluten-free products. This market caters to the demand for rice flour derived from white and brown rice grains, essential in Asian cuisine and modern gluten-free baking. Technological advancements and market innovation continue to shape the industry, enabling the production of high-quality rice flour for various applications, including the manufacture of bread and cakes. The market's growth is further fueled by the health benefits associated with rice flour consumption, which offers a rich source of nutrients such as dietary fiber, folate, and various vitamins.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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