LONDON--(BUSINESS WIRE)--The global rice flour market is expected to post a CAGR of close to 4% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is increasing awareness about gluten-free products. The increasing awareness about celiac disease due to consumption of grains such as wheat, rye, and barley has increased the demand for non-gluten or gluten free products. As rice flour is gluten free, there has been a significant rise in its demand. Gluten is a general name for the protein found in grains including wheat, barley, rye, spelt, and other grains. Some people’s digestive systems are known to be intolerant to gluten. If left undiagnosed, it can lead to Celiac disease, which is a severe form of gluten intolerance. People, therefore, have started avoiding foods containing gluten, leading to a perceptible growth of the gluten-free food market. This trend is favorable for the growth prospects of the global rice flour market.
This market research report on the global rice flour market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increasing adoption and acceptance of organic-based rice flour as one of the key emerging trends in the global rice flour market:
Global rice flour market: Increasing adoption and acceptance of organic-based rice flour
The growing adoption of healthy lifestyles and awareness about the harmful effects of pesticides and fertilizers on food has led to higher use and acceptance of rice flour that is organic by nature. From 2005 to 2015, sales of organic bread and grains grew by more than 200%. Organic rice flour is made from organically-cultivated rice, which is free of fertilizers, pesticides, preservatives, and harmful carcinogens such as arsenic. Also, organic rice flour is free from artificial food additives and is grown without using synthetic pesticides. Growing demand for healthy foods and increasing disposable incomes have led to an increase in the number of consumers seeking organic and natural ingredients. Therefore, due to such factors, the demand for rice flour is expected to increase during the forecast period.
“Currently, consumers are increasingly demanding clean labels in food and beverages. They seek non-GMO, hormone free or natural/organic ingredients containing no artificial content as these contribute strongly to a healthier lifestyle. Growing demand for organic products has encouraged vendors to offer such products as well. Thus, the growth of the market is expected to be positively influenced over the forecast period,” says a senior analyst at Technavio for research on food.
Global rice flour market: Segmentation analysis
This market research report segments the global rice flour market by application (bakery and confectionery, breakfast foods, baby food, others) and geographical regions (APAC, EMEA, and the Americas).
The APAC region led the market in 2017 with a market share of more than 88%, followed by the Americas and EMEA respectively. However, during the forecast period, the Americas is expected to register the highest incremental growth followed by the EMEA region.
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Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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