Moreover, India is one of the major rice-cultivating countries with a huge consumer base. The country benefits from favorable climatic conditions, enabling farmers to cultivate organic rice varieties without using harmful chemicals. Thus, the country’s high production and consumption rate of rice flour is expected to fuel the market growth in the region in the coming years.
Rise in Awareness Regarding Nutritional Benefits of Rice Flour
Rice Flour Market: Segmental Overview
The global rice flour market is segmented on the basis of type, category, application, and geography.
Based on type, the rice flour market is bifurcated into white rice flour and brown rice flour. The brown flour segment is expected to register a higher CAGR during the forecast period. Unlike white rice flour, brown rice flour is made from whole-grain brown rice, retaining the bran and germ layers. As a result, brown rice flour contains higher levels of fibers, vitamins, minerals, and antioxidants than white rice flour. Increased awareness about the nutritional benefits of whole grains and the desire for healthier food options drive the demand for brown rice flour. Brown rice is naturally gluten-free and can be used in gluten-free baking and cooking as an alternative to wheat flour. Additionally, there has been a growing interest in whole foods and minimally processed ingredients as part of a healthy lifestyle. Brown rice flour, a whole grain product, aligns with this trend, and consumers might prefer it as a more nutritious option than refined flour. Also, brown rice flour is free from common allergens such as wheat, soy, dairy, and nuts. This makes it suitable for individuals with multiple food allergies or sensitivities. Furthermore, brown rice flour can be used in various culinary applications, including bakery, cooking, and thickening sauces. It can add a nutty flavor and a denser texture to recipes, enhancing the taste profile of dishes. All these factors are bolstering the brown rice flour market growth.
Based on category, the rice flour market is divided into organic and conventional. Based on application, the market is segmented into bakery and confectionery, beverages, sweet and savory snacks, baby food, breakfast cereals, and others. By geography, the global rice flour market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Impact of COVID-19 Pandemic on Rice Flour Market
The COVID-19 pandemic affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The rice flour industry suffered severe disruptions in supply chains and shutdowns of many processing, wholesale, and smaller retail businesses in the initial phases of the COVID-19 pandemic. The COVID-19 pandemic hindered the supply chains, manufacturing, delivery schedules, and goods sales. Due to the imposition of lockdown measures to curb the spread of SARS-CoV-2, consumers stayed inside their homes and highly adopted ready-to-eat products. However, after some relaxation during the lockdown, rice flour sales surged. As a result, the demand for rice flour increased across the globe.
Rice Flour Market: Competition Landscape
The major 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 operating 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 Developments
- In April 2023, the Ministry of Agriculture, Food, & Rural Affairs (MAFRA), South Korea, moved to the next step of its national “Rice Product Development Project” by collaborating with 15 major local food and beverage firms. The ministry announced its plans to create 19 new rice-based products this year.