Theglobal rice flour market is expected to experiencesteady growth in coming years, according to a Transparency Market Research(TMR) report. Given the low entrance obstacles due to less early investment,several businesses operate on the rice flour market.
Vendorsin the global rice flour market are benefitted from the emergence and increasingawareness of gluten-free food products. Due to the extensive use of traditionalrice flour in bakery and processed food items, the standard segment willdominate the market. Due to increased consumer preference and increasedconsumer inclination towards organic products, organic segments will, however,develop at a greater CAGR during the forecast period. Consumers areincreasingly aware of the advantages of organic products, which are supposed tolead to the development of the organic sector in the marketplace.
Astudy by Transparency Market Research world-wide on the rice flour market findsthat the forecast period from 2017 to 2025 is steadily rising to 4.4 percentCAGR. The market value is anticipated to rise in this speed, from USD 712,9million in 2017 to $1003.1 million by 2025-end.
Thedominance of both value and quantity is expected to be in ASia Pacific. By theend of 2025, rice flour is anticipated to increase as staple food on the marketin the region as well. In addition, New Zealand and Australia are alsoanticipated to see remarkable development on their markets, aside from theOriental countries in the Asia Pacific, known to eat rice.
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Popularityof Gluten-Free Food to Bolster Rice Flour Market
In2016, hospitalizations for coeliac illness rose more than 600 percent from 1998to 2013, according to DDW (Digestive Disease Week). The increased preference ofrice flour over wheat flour is increased globally. Wheat and gluten sensitivityinstances The growers are also accelerating the demand for rice flour as wellas other gluten-free flours by applying white rice flour to a broad spectrum offlour based products as a gluten-free ingredient. With an increasing consumerbase, baked and snack foods have become more tractable since the latest past,with enhanced, healthier, easier to cook and ready-to-eat choices for food tofit their busier lifestyle. This is expected to create immense demand in theglobal rice flour market in the coming years.
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Thevolatility of grains prices due to climate change is one of the main problemsfor the development of the worldwide rice flour industry. Climate irregularityand seasonal changes have an important effect on plants, which influence cropyields in many areas adversely, ultimately leading to input and pricedifferences in production. Furthermore the volatility in crop prices is alsodue to fluctuating energy, chemicals and fertilizer expenses.
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OrganicRice Floor to Emerge as Key Market Trend
Organicrice flour obtained from organic rice cultivated in accordance with organicfarming laws and instructions and cultivated without any pesticides, syntheticfertilizers, chemicals or other noxious substances. In recent years there hasbeen considerable worldwide growth in demand for organic flours such as organicwheat flour, organic rice flour and organic maize flour. Increasedconsumer awareness of organic products and powerful public support fordeveloping natural and nutritionally rich products are main factors drivingdemand for organic products on the world market. The demand for organic riceflour for bread, cookies, processed food, sweets, meats and sauces and otherorganic products is high.
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