Global Rice Flour Market to Expand at 4.1% CAGR, Reaching $1.3 Billion by 2033

Rice flour, a staple food in Asian countries, is integral to the preparation of various dishes, from dosas to mocha. According to market research and competitive intelligence provider Fact.MR, the global rice flour market is projected to reach a valuation of USD 1.3 billion by the end of 2033. Worldwide consumption of rice flour is expected to grow at a CAGR of 4.1% during the forecast period from 2023 to 2033.

Rice is a fine flour, which is prepared from rice grains and used widely in different food products as a substitute for corn and wheat flour. It is entirely free from gluten and utilized widely to prepare gluten-free diets. Moreover, it is used as a base for noodles across various Asian countries. Besides its use in culinary applications, it is also used in numerous skincare and cosmetic products and as a substrate in the cultivation of mushrooms. Rice flour is utilized in the production of rice flour masks to make skin lustrous and taut.

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The food & beverage industry is generating noteworthy demand for rice flour to prepare convenience foods such as soups, baby foods, instant noodles, confectioneries, desserts, etc. Further, the growing demand for convenience foods and ready-to-eat meals is projected to stimulate demand for rice flour over the coming 10 years.

In recent years, there has been a noticeable increase in cases of celiac disease. The incidences of gluten intolerance in North Americans and Europeans are also increasing. These factors have led to increased requirements for rice flour and products prepared from rice flour compared to conventional wheat products.

There is soaring demand for ready-made rice flour for household cooking applications due to busy lifestyles. Rising consumption of rice flour by people living in metropolitan cities is predicted to contribute to increased sales of rice flour during the forecast period. In addition, the rising number of women joining the workforce is also expected to boost sales of rice flour over the coming years.

Rice contains ferulic acid, para-aminobenzoic acid, and allantoin. Para-aminobenzoic acid acts efficiently as a sunscreen for the human body. Furthermore, rice is utilized for the production of skincare products, including toners to make skin more radiant. In addition, rice is also consumed as a vegan food across the globe.

However, adverse climatic conditions affect the cultivation of rice, which is expected to negatively impact the sales of rice flour. These climatic conditions can lead to increased prices of rice flour and thus limit its adoption.

List of Key Companies Profiled in The Report

Archer Daniels Midland Company
Associated British Foods PLC
Bunge Ltd.
Ebro Foods S.A.
General Mills, Inc.
Ingredion, Inc.
Wilmar International Ltd.
EDME Food Ingredients Limited
Others

Key Takeaways from Market Study

The global rice flour market is poised for steady growth, with demand expected to increase at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2033. Starting from a market size of US$ 895 million in 2023, the market is projected to reach a valuation of US$ 1.3 billion by the end of 2033. This growth trajectory reflects the rising popularity of rice flour as a versatile ingredient in various culinary applications worldwide, driven by its gluten-free properties and nutritional benefits.

Regionally, specific growth patterns are anticipated. In Canada, the demand for rice flour is forecasted to expand at a CAGR of 3.5% through 2033, underscoring increasing consumer preference for gluten-free and alternative flours. Similarly, in Germany, sales of rice flour are expected to progress at a slightly slower CAGR of 2.9% over the forecast period, influenced by evolving dietary preferences and the incorporation of rice flour into both traditional and innovative food products. These trends highlight a robust global market outlook for rice flour, driven by its versatility, health benefits, and adaptability to diverse culinary needs across different regions.

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Competitive Landscape

Major manufacturers in the rice flour sector are making substantial investments to enhance their supply chain management systems while prioritizing safety regulations and ensuring high-quality products for end-users with minimal environmental impact.

Key suppliers of rice flour are actively engaging in mergers and acquisitions to expand their global presence.

For example, Western Foods, LLC, a prominent supplier of allergen-free and gluten-free products, specializing in ancient grains and rice, serves food processors worldwide from its strategic location in California's prime rice-growing region. In a significant move in December 2019, the company acquired American Sunny Foods, Inc., a Stockton-based producer of rice flour, consolidating its position in the market and broadening its product offerings.

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About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.