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The Organic Rice Flour Market size is projected to increase by USD 156.61 million and the market size is estimated to grow at a CAGR of 5.26% between 2023 and 2028.
This organic rice flour market report extensively covers market segmentation by application (bakery and confectionery, breakfast foods, baby food, and others), type (organic white rice flour, organic brown rice flour, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). Our report examines historic data from 2018 to 2022, besides analyzing the current market scenario.
Increasing adoption of organic-based rice flour is the key factor driving market growth. The adoption of a healthy lifestyle and the growing awareness about the harmful effects of pesticides and fertilizers on food has led to the increased use and acceptance of rice flour, which is organic in nature. Organic rice flour is made from organically grown rice, without the use of toxic fertilizers, pesticides, preservatives, and carcinogens such as arsenic. Furthermore, since organic rice flour is costlier, it helps in raising the profit margins of vendors. Regional governments have also begun supporting organic farming for improved quality and higher exports. Thus, the increasing adoption of organic-based rice flour will positively impact the growth of the global organic rice flour market during the forecast period.
The Organic Rice Flour Market shows an accelerated CAGR during the forecast period.
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The expansion of retail stores offering organic rice flour is the primary trend shaping market growth. Organic rice powder is supplied to end users at various retail outlets such as supermarkets, hypermarkets, independent stores, convenience stores, and others. This growth of retailers could lead to increased sales of organic rice flour. Therefore, the significant increase in the expansion of retail stores offering organic rice flour may drive the growth of the market.
For instance, Kaufland Dienstleistungs GmbH and Co. KG (Kaufland), a German-based hypermarket, opened three new stores and warehouse facilities in Australia in 2020. Therefore, the increasing number of retail stores offering organic rice flour drives the growth of the global organic rice flour market during the forecast period.
The presence of substitute products is a challenge that affects market growth. One of the commonly used substitutes for organic rice flour is sorghum flour. It is a rich source of potassium, calcium, iron, sodium, and phosphorus. Sorghum powder helps to enhance digestive health, control diabetes, and improve bone health. Cornstarch is also used as a substitute for organic rice flour. It is a rich source of antioxidants, carbohydrates, vitamin A, iron, and other nutrients.
Moreover, the substitute products segment is also witnessing an increase in new product launches and product innovations. This factor will prove to be a challenge to the growth of the market during the forecast period. Thus, the increasing popularity of substitute products among consumers can impede the growth of the global organic rice flour market during the forecast period.
Organic white rice flour is a type of flour produced from organic white rice. Organic white rice flour is made from organic ground white rice, which does not have bran. As bran is deprived of rice to make white rice, the nutritional value of white rice flour is less than that of brown rice flour. Moreover, organic white rice flour is commonly used in gluten-free baking to make a variety of goods like bread, cakes, cookies, muffins, and pancakes. Hence, the increasing application of organic white rice flour will drive the growth of the segment during the forecast period.
The market share growth by the bakery and confectionery segment will be significant during the forecast period. Organic rice flour is naturally gluten-free, making it a great choice for those with gluten allergies or sensitivities. Rice flour is often used as a coating for fried or baked dishes instead of traditional wheat flour. It gives a crispy, golden texture and is often used for dishes like tempura, fried chicken, and onion rings. In the confectionery industry, organic rice flour can be used in snack manufacturing to improve the texture of products such as rice crackers, rice cakes, and energy bars.
The bakery and confectionery segment was valued at USD 305.36 in 2018.
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Organic rice flour typically has a neutral flavor, which makes it versatile and adaptable to various recipes without imparting a strong taste. Thus, the use of organic rice flour for gluten-free baking, texture enhancement, and binding ingredients together will contribute to the growth of the bakery and confectionery segment, which will propel the market in focus during the forecast period.
APAC is estimated to contribute 63% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The demand for organic rice flour is anticipated to grow in APAC due to the rising awareness among consumers about the health benefits of organic products. APAC was the largest producer of rice with China, India, Australia, and Indonesia are the key countries for most of the production of organic rice in the region. Organic rice production is increasing in the region, and new players are coming up with new organic rice products. Organic rice is the major raw material used in making organic rice flour. Hence, increasing organic rice production will drive the growth of the organic rice flour market in APAC during the forecast period.
The outbreak of COVID-19 in 2020 had a negative impact on the organic rice flour market in APAC. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of activities in offline retail channels. This has raised the demand for organic rice flour from offline channels. Therefore, such factors are expected to drive the growth of the regional organic rice flour market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The organic rice flour market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The organic rice flour market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Organic Rice Flour Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.26% |
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Market Growth 2024-2028 |
USD 156.61 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.41 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 63% |
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Key countries |
US, China, India, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ardent Mills LLC, Aryan International, Associated British Foods Plc, Bay State Milling Co., Bobs Red Mill Natural Foods Inc., Burapa Prosper Co. Ltd., Clearspring Ltd., Ingredion Inc., Koda Farms Inc., Kroner Starke GmbH, La Milanese, Lieng Tong Rice Vermicilli Co. Ltd., Namaste Foods LLC, Real Organics, Rose Brand, Shree Bhagwati Flour and Foods Pvt. Ltd., Terra Greens Organic, Thai Flour Industry Co. Ltd., Whitworth Ltd., and Woodland Foods Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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