At 3.2% CAGR, the South & Central America Rice Flour Market is projected to be worth US$ 90.61 million by 2030, says Business Market Insights

According to Business Market Insights research, the South & Central America rice flour market was valued at US$ 72.67 million in 2023 and is expected to reach US$ 90.61 million by 2030, registering a CAGR of 3.2% from 2023 to 2030. Growing demand for organic rice flour and rise in awareness regarding nutritional benefits if rice four are among the critical factors attributed to the South & Central America rice flour market expansion.        

Organic and Fairtrade-certified rice flour has been witnessing strong demand in the regional market owing to consumer inclination toward safer and healthier products that help maintain overall health. Further, there has been an abrupt increase in sales of rice flour that are both fairtrade and organic-certified. The rising preference for pesticide-free food products positively affects the demand for organically grown rice commodities.

The increasing popularity and acceptance of organic rice flour is one of the significant trends in the regional market. Organic rice flour is made from organically grown rice cultivated as per the rules & guidelines provided by the authorized organizations. Organic rice is cultivated without chemicals, pesticides, synthetic fertilizers, or other harmful agents. An increase in consumer awareness about organic products and strong public support for developing natural and nutritionally rich products are driving the demand for organically grown rice. Further, the demand for organic rice flour is increasing among various application industries such as bakery & confectionery, sweet & savory products, beverages, and baby food. Thus, the escalating demand for organic rice flour is expected to positively influence the rice flour market growth during the forecast period.

On the contrary, fluctuating prices hampers the South & Central America rice flour market.  

Based on type, the South & Central America rice flour market is bifurcated into white rice flour and brown rice flour. The white rice flour segment held 76.9% share of South & Central America rice flour market in 2023, amassing US$ 55.88 million. It is projected to garner US$ 68.32 million by 2030 to expand at 2.9% CAGR during 2023–2030.   

Based on category, the South & Central America rice flour market is segmented into organic and conventional. The conventional segment held 87.4% share of South & Central America rice flour market in 2023, amassing US$ 63.52 million. It is projected to garner US$ 78.30 million by 2030 to expand at 3.0% CAGR during 2023–2030.

Based on application, the South & Central 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  segment held 33.5% share of South & Central America rice flour market in 2023, amassing US$ 24.33 million. It is projected to garner US$ 30.00 million by 2030 to expand at 3.0% CAGR during 2023–2030.

Based on country, the South & Central America rice flour market has been categorized into the Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 45.0% share of South & Central America rice flour market in 2023. It was assessed at US$ 32.73 million in 2023 and is likely to hit US$ 40.00 million by 2030, exhibiting a CAGR of 2.9% during 2023–2030.

Key players operating in the South & Central America rice flour market are Ebro Foods SA, Ingredion Inc, Naturis SpA, and Archer-Daniels-Midland Co, among others.

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