At 5.5% CAGR, the Europe Rice Flour Market is projected to be worth US$ 392.95 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe rice flour market was valued at US$ 270.30 million in 2023 and is expected to reach US$ 392.95 million by 2030, registering a CAGR of 5.5% from 2023 to 2030. Increasing popularity of gluten-free products and rise in awareness regarding nutritional benefits of rice flour are among the critical factors attributed to the Europe rice flour market expansion.        

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.

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 market.

On the contrary, fluctuating prices hampers the Europe rice flour market.  

Based on type, the Europe rice flour market is bifurcated into white rice flour and brown rice flour. The white rice flour segment held 74.0% share of Europe rice flour market in 2023, amassing US$ 199.90 million. It is projected to garner US$ 285.49 million by 2030 to expand at 5.2% CAGR during 2023–2030.   

Based on category, the Europe rice flour market is segmented into organic and conventional. The conventional segment held 82.3% share of Europe rice flour market in 2023, amassing US$ 222.49 million. It is projected to garner US$ 321.42 million by 2030 to expand at 5.4% CAGR during 2023–2030.

Based on application, the Europe rice flour market is segmented into bakery and confectionery, beverages, sweet and savory snacks, baby food, breakfast cereals and others. The bakery and confectionery segment held 41.6% share of Europe rice flour market in 2023, amassing US$ 112.57 million. It is projected to garner US$ 161.74 million by 2030 to expand at 5.3% CAGR during 2023–2030.

Based on country, the Europe rice flour market has been categorized into the Germany, France, Italy, the UK, Russia, the Rest of Europe. Our regional analysis states that the Rest of Europe captured 33.6% share of Europe rice flour market in 2023. It was assessed at US$ 90.93 million in 2023 and is likely to hit US$ 123.94 million by 2030, exhibiting a CAGR of 4.5% during 2023–2030.

Key players operating in the Europe rice flour market are Archer-Daniels-Midland Co, BELOURTHE SA, CareMoli SpA, Ebro Foods SA, Ingredion Inc, Kroner-Starke GmBH, Naturis SpA, and PGP International Inc, among others.

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