About Rice Powder
Rice powder is made from finely milled brown rice or white rice. It is used as a thickening agent for the recipes that are refrigerated. In addition, it is used to rice noodles and some pancakes. The rice flour also has various applications in snacks, bakery, cereals, crackers, chips and coating applications and provides texture Rice flour is the staple food for most of the population in the world. The major component of rice include protein and starch. Also, it has high calorific value.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.7% |
The market of rice powder consists of emerging players who are looking to supply the products in various geographic regions. The emerging economies are to estimate positive growth due to the factors such increasing demand for bakery and confectionery foods and rising consumption of gluten free products in upcoming years Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Rice Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rose Brand (United States), Western foods (United States), Anson mills (United States), CHO HENG (Thailand), Koda Farms (United States), Lieng Tong (Thailand), Bob's Red Mill (United States), Pornkamon Rice Flour Mills (Thailand), Imperial (India) and B.H. Modi (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Burapa Prosper (Thailand) and Thai Flour Industry (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global Rice Powder market by , Application (Bakery and confectionary, Breakfast foods, Baby food and Others) and Region.
On the basis of geography, the market of Rice Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Rice type, the sub-segment i.e. Long grain will boost the Rice Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Online will boost the Rice Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. White will boost the Rice Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Inclination of Consumers towards the Gluten Free Food Products and Growing Awareness of Protein Rich Diet
Market Growth Drivers:
High Nutritional Qualities of Rice is Fueling the Market Growth and Shifting of Taste Preferences towards Rice
Challenges:
Availability of Alternate Products Such as Wheat Flour
Restraints:
Climatic Changes may affect the Crop which may hamper the Market and Stiff competition in export
Opportunities:
Expansion of Bakery Products, Preference of Rice Flour over Other Flour is creating an Opportunity and Rising Disposable Income among the Consumers among the Consumers
Market Leaders and their expansionary development strategies
In 2019, Western foods which is ancient grain and rice provider has acquired American sunny foods which is a Stockton, Calif based rice flour manufacturer. This acquisition will help in development of technology with varieties of rice grown in California.
In October 2023, Cargill launches rice flour-based maltodextrin substitute. This ingredient can be used as a one-to-one replacement of maltodextrin, and can also improve mouthfeel, according to the company.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.