The rising prevalence of celiac disease and unhealthy lifestyles is expected to boost the demand for gluten-free products, which in turn is surging the demand of rice flour in the food and beverage industry as rice flour is naturally gluten-free. According to the Celiac Disease Foundation, in the 21st century, the incidence of celiac disease was higher among women and children than men. The incidence of celiac disease among women was 17.4 per 100,000 person-years, compared to 7.8 per 100,000 person-years among men. Celiac disease incidence among children was 21.3 per 100,000 person-years, compared to 12.9 per 100,000 person-years in adults. The research study from Celiac Disease Foundation shows that these incidence rates are increasing, with an average increase of 7.5% yearly over the past several decades. Thus, the increasing incidence of celiac disease has indirectly propelled the demand for rice flour.
Rice flour acts as a substitute for wheat flour in gluten-free products. The consumption of healthy food products to prevent health disorders, such as heart disease, obesity, diabetes, chronic pulmonary disease, and metabolic syndrome, is expected to boost the demand for gluten-free products. As more individuals adopt a gluten-free diet to improve their lifestyle or due to their existing medical conditions, the manufacturers are expanding their product portfolio by launching gluten-free products which include the use of rice flour. Thus, the rising popularity of gluten-free products is expected to offer lucrative growth opportunities for the North America rice flour market.
The North America rice flour market is categorized into the US, Canada, and Mexico. The bakery industry is one of the most significant industries in North America, as bakery products are considered a staple food. According to the American Bakers Association, the bakery industry in the US has an average annual turnover of US$ 154 billion. Due to a hectic lifestyle and increasing preference for convenience food, the demand for cookies, cakes, pastries, muffins, and other bakery products is also rising. As the bakery industry is one of the major end users of rice flour, the market for rice flour is expected to grow in the coming years.
Moreover, in North America, consumers are increasingly adopting a gluten-free diet owing to the shift in food consumption trends and inclination toward a healthy lifestyle. Rice flour is majorly used as a substitute for wheat flour in gluten-free products, which can boost its demand among end-use industries in the coming years. Also, the favorable regulatory framework and initiatives by the Food and Drug Administration (FDA) to promote gluten-free diets and boost subsidy allocations are anticipated to fuel the rice flour market growth over the forecast period.
Further, manufacturers are investing in novel product development and launches to cater to the increasing demand among application industries. For instance, in November 2021, Cargill, Inc., a US-based company, launched a soluble rice flour, SimPure 92260, that exhibits similar taste, texture, and functionality as maltodextrin—an ingredient commonly used as a bulking agent and flavor carrier. Such product development by key market players is expected to drive market growth in the region during the forecast period.
The North America rice flour market is segmented into type, category, application, and country.
Based on type, the North America rice flour market is segmented into white rice flour and brown rice flour. The white rice flour segment held a larger share of the North America rice flour market in 2023.
Based on category, the North America rice flour market is segmented into organic and conventional. The conventional segment held a larger share of the North America rice flour market in 2023.
Based on application, the North America rice flour market is segmented into bakery and confectionery, beverages, sweet and savory snacks, baby food, breakfast cereals, and others. The bakery and confectionery centers segment held largest share of the North America rice flour market in 2023.
Based on country, the North America rice flour market is segmented into the US, Canada, and Mexico. The US dominated the North America rice flour market in 2023.
Archer-Daniels-Midland Co, Ardent Mills LLC, Bay State Milling Co, Bob’s Red Mill Natural Food Inc, Capitol Food Co, Ebro Foods SA, Gulf Pacific Rice Co Inc, Hometown Food Co, Ingredion Inc, Koda Farms Inc, Kroner-Starke GmBH, Naturis SpA, PGP International Inc, and Western Foods LLC are some of the leading companies operating in the North America rice flour market.
Strategic insights for the North America Rice Flour provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 302.47 Million |
Market Size by 2030 | US$ 480.72 Million |
Global CAGR (2023 - 2030) | 6.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Rice Flour refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Archer-Daniels-Midland Co
2. Ardent Mills LLC
3. Bay State Milling Co
4. Bobs Red Mill Natural Food Inc
5. Capitol Food Co
6. Ebro Foods SA
7. Gulf Pacific Rice Co Inc
8. Hometown Food Co
9. Ingredion Inc
10. Koda Farms Inc
11. Kroner-Starke GmBH
12. Naturis SpA
13. PGP International Inc
14. Western Foods LLC
The North America Rice Flour Market is valued at US$ 302.47 Million in 2023, it is projected to reach US$ 480.72 Million by 2030.
As per our report North America Rice Flour Market, the market size is valued at US$ 302.47 Million in 2023, projecting it to reach US$ 480.72 Million by 2030. This translates to a CAGR of approximately 6.8% during the forecast period.
The North America Rice Flour Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Rice Flour Market report:
The North America Rice Flour Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Rice Flour Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Rice Flour Market value chain can benefit from the information contained in a comprehensive market report.