Asia-Pacific Rice Flour Market was worth USD 1.15 billion in 2018 and estimated to be growing at a CAGR of 4.2%, to reach USD 1.41 billion by 2023. Rice flour is the flour made from finely milled rice. It is good substitute for wheat flour which causes problems in the digestive systems of those who are gluten intolerance. Rice flour is different from rice starch, which is usually produced by steeping rice in lye. Rice flour may be made from either white rice or brown rice. For the making of flour, the husk of rice or paddy is removed and raw rice is obtained, which is then milled to flour.
Rice flour can be used as thickening agent in recipes that are refrigerated or frozen since it inhibits liquid separation. Rice has been a staple food source around the world for centuries, especially in eastern cultures. Rice flour also called rice powder, is used to make fresh rice noodles and sweets. It is also used to thicken coconut milk to a rich, smooth and creamy consistency. Rice flour is being used in snacks, bakery, cereals, crackers, chips and coating applications to provide different textures. The rice flour is easily available in most Asian markets.
Rising consumption of rice flour, increasing disposable income, changing life style and shift in the taste preferences of consumers, growing Asia-Pacific population, increase in consumer awareness about bakery products, rising people awareness, increasing demand for flour that is high in protein and rise of the fast food industry are driving the growth of the Asia-Pacific rice flour market. However, limited number of professionals for milling and high cost transport facilities are hindering the growth of the market.
The Asia-Pacific rice flour market is segmented on the basis of product type, application and region. On the basis of product type, the market is segmented into rice flour, brown rice flour, glutinous rice flour, others. Rice flour has the largest market due to rice in its usage in bakery and sweets. Application segment can be categorised into rice noodle and rice pasta, sweets and desserts, snacks, bakery and bread products, thickening agent, animal feed including pet food, non-food applications and others. Non-food applications consists of biomaterials, glue and bio plastics. Other application segments include baby food and roux. Bakery and bread products are fastest growing application in the market. The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is the fastest growing market owing to decreased average selling price of flour products and increased population density.
Key players dominating the Asia-Pacific rice flour market are Burapa Prosper, Archer Daniels Midland Company, Thai Flour Industry, Ardent Mills Canada, Rose Brand, ConAgra Foods, Inc., Koda Farms, Associated British Foods plc, Lieng Tong, General Mills Inc., and Pornkamon Rice Flour Mills.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product type
5.1.1 Introduction
5.1.2 Rice flour
5.1.3 Brown Rice flour
5.1.4 Glutinous Rice flour
5.1.5 Others
5.1.6 Y-o-Y Growth Analysis, By Product type
5.1.7 Market Attractiveness Analysis, By Product type
5.1.8 Market Share Analysis, By Product type
5.2 Application
5.2.1 Introduction
5.2.2 Rice Noodle and Rice Pasta
5.2.3 Sweets and Desserts
5.2.4 Snacks
5.2.5 Bakery and Bread products
5.2.6 Thickening Agent
5.2.7 Animal feed including pet food
5.2.8 Non-food applications
5.2.8.1 Biomaterials
5.2.8.2 Glue
5.2.8.3 Bio plastics
5.2.9 Others
5.2.10 Y-o-Y Growth Analysis, By Application
5.2.11 Market Attractiveness Analysis, By Application
5.2.12 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Burapa Prosper
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Archer Daniels Midland Company
8.3 Thai Flour Industry
8.4 Ardent Mills Canada
8.5 Rose brand
8.6 ConAgra Foods, Inc.,
8.7 Koda farms
8.8 Associated British Foods plc
8.9 Lieng Tong
8.10 General Mills Inc.,
8.11 Pornkamon Rice Flour Mills
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
