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Rice Flour Market Significant Profits Projected to be generated by 2023 with Key Players Review

iCrowdNewswire   Jan 11, 2021  1:30 PM ET

Market Highlights

Increasing health awareness and growing preference for leading healthier lifestyle among individuals are major factors driving the growth of global rice flour market. Rice flour is nutritious and is extensively used as an ingredient in foods such as breakfast cereals and premixes. Additionally, rice is the staple food for most of the population around the globe.

Rice is gluten-free and so is used in several applications in gluten-free diet. In most of the applications, rice flour is used as a substitute to wheat flour and is also used as a thickening agent. It is considered as an important source of minerals, fibers, vitamins and proteins.

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The global Rice Flour Market is segmented, on the basis of application, the market is segmented into bakery & confectionary, breakfast cereals and premixes, baby foods, sweet & savory snacks and others. Bakery & Confectionary segment is expected to account for major share in the market, due to usage of rice flour as a substitute to wheat flour.

Key Players

Some of the key players in the Global Rice Flour Market are Associated British Foods PLC (UK), Ebro Foods, S.A. (Spain), Ingredion Incorporated (US), Archer-Daniels Midland Co. (US), Wilmar International Limited (Singapore), Bunge Ltd. (US), Whitworth Bros. Ltd. (UK), The SOUFFLET Group (France), Shipton Mill Ltd. (UK), KRÖNER-STÄRKE GmbH (Germany), BELOURTHE SA (Belgium), BRESSMER & FRANCKE (GMBH & Co.) KG (Germany), and EDME Food Ingredients Limited (UK).

Regional Analysis

On the basis of region, the global rice flour market has been segmented by North America, Europe, Asia-Pacific, and RoW. Asia Pacific is expected to dominate the global rice flour market owing to the increasing prevalence of gluten intolerance and celiac disease, especially in Australia and Japan. Moreover, rice is considered a staple food in most parts of Asia Pacific such as China, India, Japan, Indonesia, and Thailand, which is also driving the growth of the regional rice flour market.

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