Rice Flour Market Analysis, Growth 2023
The global rice flour market size was valued at USD 778.61 million in 2022 and is poised to grow at a significant CAGR of 4.5% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the rice flour market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global rice flour market segmentation:
1) By Type: Long grain, Medium & short grain, Pregelatinized
2) By Source: White rice, Brown rice
3) By Application: Bakery & Confectionary, Breakfast solutions, Baby food, Others
4) By Origin: Organic, Conventional
5) By Sales Channel: Direct sales, Indirect sales, Modern trade, Departmental store, Convenience store, Specialty store, E-retailers, Others
The primary factors of the rice flour market drivers are the Increased awareness about the nutritional benefits of whole grains and the desire for healthier food options. The market has witnessed significant growth in recent years and is expected to continue its upward trend in the coming years. The growing investment in Research and Development activities is a key driver of the market's growth. The rice flour market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The rice flour market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe was the largest region in the rice flour market report, accounting for the highest share in 2021. It was followed by North America, and then the other regions.
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The important profiles and strategies adopted by rice flour market key players are Archer Daniels Midland Company (U.S.), Ebro Food S.A. (Spain), General mills, Inc. (U.S.), Bunge Ltd. (U.S.), Associated British Foods plc (UK), Belourthe SA (Belgium) covered here to help them in strengthening their place in the market.
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